How to Use a Business Loan EMI Calculator?

1

• How to Use a Business Loan EMI Calculator?

2

• A Handy Guide to Using Business Loan EMI
  Calculator
• Visit your preferred lender's website and open
  the EMI calculator
• Using the slider, choose the loan amount
• Enter the interest rate and repayment tenure

3

• Manual Method of Calculating EMI
• Use formula, P x r x (1r) n / (1r) n-1
• P Principal loan amount
• R Rate of interest
• N Tenure

4

• How to Calculate the Interest Rate on a Business
  Loan?
• Nominal Interest Rate The rate charged by the
  lender annually
• APR It includes the annual loan cost

5

• Factors That Impact Loan EMI
• Principal loan amount
• Interest rate
• Repayment tenure

6

• Conclusion
• The business loan EMI calculator is simple to
  use, and the result is reliable and error-free.

7
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• Hero FinCorp Limited
• 09, Basant Lok, Vasant Vihar, New Delhi - 110057
• Tel. [phone]
• Email Id Corporate.Care_at_HeroFinCorp.com
• Website https//www.herofincorp.com/
• Know more- How to Use a Business Loan EMI
  Calculator?