Calculate Your EMI

Secured Business Loan EMI Calculator

IIFL Home Loans’ business loan emi calculator is the best way to find out the exact amount of 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.

The same business loan calculator takes into consideration three basic components, these includes:

• 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 Rs. 10 crores subject to valuation of the property offered as collateral and the borrower's eligibility
• Repayment Tenure: This is the time 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 10 years. This is the crucial factor when you are looking for the estimation of the Secured Business Loan EMI.
• Interest Rates: The third factor is the sme business loan interest rate which is applicable against the loan amount. The rate varies considering various factors such as the borrower’s eligibility, age, among other parameters.