Secured Business Loan EMI Calculator

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Enter Loan Amount

₹

Please enter a valid number.

₹ 2 Lac ₹ 2 Crore

Select Tenure (months)

months

Please enter a valid number.

60 months 180 months

Select Interest Rate

%

Please enter a valid number.

12% 19%

Monthly EMI ₹29,377

Total Amount Payable ₹42,30,285

Monthly EMI ₹29,377

Interest

₹22,30,285

Principal Amount

₹20,00,000

Total Amount Payable

₹42,30,285

Monthly EMI

₹29,377

With IIFL Home Finance’s Secured Business Loan EMI calculator, you can quickly find out the exact amount of monthly instalment you are required to pay every month on a particular due date. A business loan calculator is an online tool that allows you to easily compute the monthly instalments in a jiffy. Before applying for the loan type, it is always recommended to check the liabilities.

Key Components of EMI Calculation

The calculator takes into consideration 3 basic components, these include:

Loan Amount

This is the amount that you wish to apply for to avail of the secured business loan. The maximum loan amount you will avail of is up to ₹2 crores subject to the valuation of the property offered as collateral and the borrower's eligibility.

Repayment Tenure

This is the period during which the entire loan amount needs to be repaid. High-value loans such as these come with increased repayment flexibility. As a borrower, you can opt for a loan tenure of up to 15 years. This is the crucial factor when you are looking for the estimation of the Secured Business Loan EMI.

Interest Rates

The rate varies considering various factors such as the borrower’s eligibility, and age, among other parameters.

How to use a Secured Business Loan Calculator?

Secured Business Loan Eligibility Calculator is a simple and convenient tool to estimate your monthly loan installments. By entering details of the loan amount, loan tenure, and applicable interest rate, you can quickly calculate your EMI using this online calculator.

To determine the maximum loan amount you’re eligible for, try IIFL Home Finance Secured Business Loan Eligibility Calculator.

Applying for a Secured Business Loan online comes with several benefits, including a longer tenure of up to 15 years, lower interest rates, and affordable EMIs. By calculating your EMI in advance, you can confidently plan your finances and repay the loan efficiently.

If you have already taken a Secured Business Loan from another bank or NBFC and are dissatisfied with the service, opt for a Balance Transfer with IIFL Home Finance to save money and enjoy benefits.

Frequently Asked Questions (FAQ’s)

It is a free online tool that allows you to calculate the monthly installment amount that you are required to pay until the loan term.

To use the Secured Business Loan EMI Calculator, you need to enter the details as follows:

You can adjust the figure (increase or decrease) with the help of the slider.

Loan Amount
Loan Tenure
Interest Rate

It is easy to utilize the SBL Calculator as it provides accurate results rather than choosing to do the calculation manually. Below are some of the benefits of the tool:

Online tool offers speedy estimation, and it is not time-consuming at all
There is less possibility of human error as the EMI calculator works on algorithms to give a correct estimate
An individual can use the calculator multiple times as and when you need