TATA Capital Business Loan EMI Calculator


Now you can check your TATA Capital Business Loan EMI calculator. Enter the loan amount, interest rate, and loan period to check the monthly EMI.


%
Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

The Tata Capital Business Loan EMI Calculator is a user-friendly tool to help you calculate your monthly EMIs and total interest payable on your business loan. By entering key details like loan amount, tenure, and interest rate, this tool instantly provides accurate results, enabling better financial planning and repayment management.

This webpage provides comprehensive information about the Tata Capital Business Loan EMI Calculator, including its features, benefits, and guidance on how to use it effectively.

Category Loan Amount Loan Tenure Interest Rate
Self-Employed / Non-Professional ₹1 Lakh to ₹90 Lakhs 12 to 60 months 16% - 26%
Self-Employed Doctors ₹1 Lakh to ₹90 Lakhs 12 to 60 months 12% - 15%
Self-Employed Professionals (Other than Doctors) ₹1 Lakh to ₹90 Lakhs 12 to 60 months 13.25% - 17.5%

Steps to Use TATA Capital Business Loan EMI Calculator

The Tata Capital Loan Calculator is designed to simplify your financial planning. Follow these simple steps to calculate your monthly EMI:

  1. Input the desired loan amount or adjust the slider to set the principal amount.
  2. Add the applicable interest rate for the loan to calculate borrowing costs.
  3. Specify the repayment tenure in months or years using the slider or input box.
  4. Instantly see the monthly EMI and total interest payable based on the entered values.

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EMI Calculation of TATA Capital Business Loan

If you are planning to avail a TATA self-employed business loan, the Equated Monthly Installment (EMI) is calculated using the following formula:

EMI Calculation = P x R x (1+R)^n / [(1+R)^n - 1]

Where,

EMI is the Equated Monthly Instalment.

P = Principal amount

R = Monthly interest rate

n = Loan tenure in months.

Example:Let's calculate the EMI for a ₹10,00,000 TATA Capital Business loan at an 16% annual interest rate with a 5-year (60 months) tenure.

Convert Annual Interest Rate to Monthly Rate

Annual Rate = 16%

Monthly Interest Rate (r) = 16*1/12*100= 133.33

Substitute Values in Formula:

EMI=1000000×133.33×(1+133.33)^60/(1+ (133.33)^60)-1

By calculating the values, the approximate EMI reaches around ₹24,318.06 per month.

Benefits of TATA Capital Business Loan EMI Calculator

A business loan EMI calculator is an efficient tool that simplifies EMI calculation for borrowers. Here are the key benefits of using this tool:

  1. Time-Saving: Calculating business loan EMIs manually can be tedious. The EMI calculator provides instant results, saving significant time.
  2. Convenient Access: Easily accessible online, you can use the loan calculator from the comfort of your home or office without any hassle.
  3. Error-Free Calculations: Manual calculations are prone to errors, but the EMI calculator ensures accurate results every time.
  4. Loan Comparison: The tool allows you to compare EMIs for different loan amounts, interest rates, and tenures as per the different TATA Capital Business Loan Schemes to find the best lending option.
  5. Smart Repayment Planning: Knowing your EMIs in advance enables better financial planning, helping you manage your loan repayments effectively.

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Frequently Asked Questions

To calculate EMI, you need to provide the loan amount, interest rate, and loan tenure.

Yes, you can adjust the loan tenure in the calculator to view EMI for varying repayment periods.

Yes, the calculator factors in the applicable interest rate to compute the monthly EMI accurately.

Yes, the TATA Capital EMI calculator is free to use and accessible online for all users.

The calculator is highly accurate as it uses standard formulas for EMI computation. Minor discrepancies may arise if additional fees or charges are not factored in.

Absolutely, you can adjust the loan amount in the calculator to compare EMIs for various lending options.

Key factors include the loan amount, interest rate, tenure, and any additional charges like processing fees.

You can reduce EMI by opting for a longer loan tenure, negotiating for a lower interest rate, or making a partial prepayment.

Yes, you can recalculate EMI by reducing the loan principal after a partial payment to see the new EMI or tenure.

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