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 |
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% |
The Tata Capital Loan Calculator is designed to simplify your financial planning. Follow these simple steps to calculate your monthly EMI:
Are you looking for a personal 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.
A business loan EMI calculator is an efficient tool that simplifies EMI calculation for borrowers. Here are the key benefits of using this tool:
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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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