HDFC Bank Business Loan Calculator

  • 50 K
  • 1 Cr
Years
  • 1
  • 5
%
  • 8
  • 25

Monthly Loan EMI

Payment Breakdown:

Principal Amount

₹15,00,000

Interest Payable

Total Amount Payable

HDFC Bank Business Loan Calculator - An Overview

The HDFC Bank Business Loan Calculator is a financial tool that assists firms in estimating monthly loan repayments and calculating interest payable on loan amounts. This calculator is a helpful tool for businesses considering a loan from HDFC Bank since it provides an easy and quick way to estimate the loan payback schedule depending on the loan amount, tenure, and interest rate. The HDFC Bank Business Loan Calculator is a web-based application that can be used via the bank's official website or mobile app. It is a simple and convenient method of calculating the EMI, which can assist businesses in successfully planning their budgets and managing their cash flow. In addition, businesses can use the HDFC Bank Business Loan Calculator to make informed decisions about their lending needs and select the loan amount and term that best meets their needs.

Features of HDFC Bank Business Loan EMI Calculator

An HDFC Bank Business EMI Loans Calculator may have the following features:

  • Flexible repayment terms: You can repay your loan over 12 to 48 months.
  • Unlike other loans, there is no collateral requirement for an HDFC Bank Business loan, which means you can borrow as much money as you need without worrying about it.
  • Transfer loan balances easily: Move your existing business loan to HDFC Bank at a cheap EMI at a 15.75% interest rate and 0.99% processing fee from any bank in India.
  • Rapid approval procedure: HDFC Bank's application process is quick and simple. You can apply online or in person at one of their branches.
  • Dependable service: HDFC Bank is a dependable lender with a solid track record of loan repayment. This means you can rely on them to assist you in growing your firm.
  • The bank is committed to providing excellent customer service and offers a 24/7 helpline for customers who require assistance with their loan applications.
  • Collateral-free: HDFC Bank Business Loans do not require any collateral, security, or guarantor, giving you complete peace of mind.
  • Business loan balance transfer: A business loan balance transfer allows you to consolidate your previous loans into a single, easy-to-repay business loan.
  • Competitive interest rates: Low-interest rates begin at 11.90% per annum.
  • Minimal processing fees: A processing fee of up to 2.50% of the loan amount is charged.
  • Flexible loan amount: Borrow up to Rs. 40 lakhs (and up to Rs. 50 lakhs in specified places) with no collateral, guarantor, or security.

Benefits of Calculating HDFC Business Loan online

By utilizing the HDFC Bank Business Loan Calculator online, businesses may calculate their loan repayment schedule quickly, accurately, and transparently, allowing them to better plan their finances and manage their cash flow. Following are some of the primary advantages:

  • Fast and simple: The online calculator allows businesses to quickly and easily calculate their loan amount, interest rate, and monthly EMI. When compared to manually calculating the loan payback plan, it can save businesses significant time and effort.
  • Flexibility: The calculator allows businesses to alter the loan amount and duration to meet their specific needs. This enables businesses to make informed judgments about their credit needs and select the loan amount and tenure that best meets their requirements.
  • Transparency: The online calculator makes the loan repayment schedule completely transparent, including the total interest payable and the EMI amount. This enables firms to accurately calculate the cost of borrowing and organize their budgets accordingly.
  • Free of Cost: The HDFC Bank Business Loan Calculator is a free service made available to customers by the bank. Companies can use this product as many times as they want at no extra cost.
  • Exact Results: The HDFC Bank Business Loan Calculator calculates the EMI using a standard formula based on the loan amount, term, and interest rate. This ensures that the results are precise and reliable, which is critical for organizations when making decisions.

HDFC Bank Business Loan EMI Calculator Formula and how its works?

The monthly EMI due by businesses is calculated using a mathematical formula by the HDFC Bank Business Loan EMI Calculator.

The formula is as follows:

EMI = [P x R x (1+R)*N]/[(1+R)*N-1]

Where,

  • P denotes the loan amount
  • R is the monthly interest rate
  • N is the Loan Term (Months)

The formula works as follows:

To calculate the interest payable for each month, multiply the loan amount by the monthly interest rate.

The monthly interest rate is then computed by dividing the annual interest rate by 12 months (the number of months in a year).

The loan term is expressed in months.

The geometric series formula (1+ R)* N-1 is then used to calculate the present value of the monthly payments.

Lastly, the EMI is calculated by dividing the present value of the monthly payments by the sum of the present values of the interest.

Things to consider while calculating HDFC Business Loan

Businesses should examine various criteria when calculating an HDFC Bank Business Loan to guarantee that they can manage their loan repayments successfully. Here are some things that firms should think about:

  • Loan Amount: Companies should carefully assess the loan amount that they require. They should only borrow what they need and can comfortably repay.
  • Interest Rate: The interest rate is an important consideration for firms when determining their HDFC Bank Business Loan. To receive the greatest price, businesses should examine the interest rates given by various banks and financial organizations.
  • Loan Tenure: The loan tenure is the amount of time it takes to repay the loan. Companies should choose a loan term that is appropriate for their cash flow and income. Longer terms have lower EMIs but higher interest costs, whereas shorter terms have higher EMIs but lower interest costs.
  • Processing Fees: HDFC Bank charges processing costs on business loans, which can be substantial. When estimating the loan amount and total cost of borrowing, businesses should account for processing fees.
  • Prepayment and Foreclosure Charges: If you repay your loan before the end of the term, HDFC Bank may charge you a prepayment and foreclosure charge. When considering whether to prepay or foreclose a debt, businesses should carefully examine these fees.
  • Credit Score: A good credit score is required to obtain a company loan. Companies should verify that their credit score is sufficient to qualify for a loan and receive a cheaper interest rate.

Business Loan Amortization Calculator

The loan amortization table for a 15 lakh business loan with a two-year (24-month) term and a 16.75% annual interest rate is as follows:

Month Opening Balance EMI Interest Principal Closing Balance
1 15,00,000.00 73,938.00 53,045.00 20,937.00 14,46,954.00
2 14,46,954.00 73,938.00 53,786.00 20,197.00 13,93,168.00
3 13,93,168.00 73,938.00 54,537.00 19,446.00 13,38,631.00
4 13,38,631.00 73,938.00 55,298.00 18,685.00 12,83,333.00
5 12,83,333.00 73,938.00 56,070.00 17,913.00 12,27,262.00
6 12,27,262.00 73,938.00 56,852.00 17,130.00 11,70,410.00
7 11,70,410.00 73,938.00 57,646.00 16,336.00 11,12,763.00
8 11,12,763.00 73,938.00 58,451.00 15,532.00 10,54,312.00
9 10,54,312.00 73,938.00 59,266.00 14,716.00 9,95,045.00
10 9,95,045.00 73,938.00 60,094.00 13,889.00 9,34,951.00
11 9,34,951.00 73,938.00 60,932.00 13,050.00 8,74,018.00
12 8,74,018.00 73,938.00 61,783.00 12,199.00 8,12,235.00
13 8,12,235.00 73,938.00 62,645.00 11,337.00 7,49,589.00
14 7,49,589.00 73,938.00 63,520.00 10,463.00 6,86,068.00
15 6,86,068.00 73,938.00 64,406.00 9,576.00 6,21,661.00
16 6,21,661.00 73,938.00 65,305.00 8,677.00 5,56,355.00
17 5,56,355.00 73,938.00 66,217.00 7,765.00 4,90,138.00
18 4,90,138.00 73,938.00 67,141.00 6,841.00 4,22,996.00
19 4,22,996.00 73,938.00 68,079.00 5,904.00 3,54,917.00
20 3,54,917.00 73,938.00 69,029.00 4,954.00 2,85,888.00
21 2,85,888.00 73,938.00 69,992.00 3,990.00 2,15,895.00
22 2,15,895.00 73,938.00 70,969.00 3,013.00 1,44,925.00
23 1,44,925.00 73,938.00 71,960.00 2,022.00 72,964.00
24 72,964.00 73,938.00 72,964.00 1,018.00 0.00
 

Frequently Asked Questions (FAQs)

How much business loan can I get from HDFC Bank?

The amount of business loan you can acquire from HDFC Bank will be determined by many factors, including the kind of your business, your financial profile, credit score, repayment capacity, and loan tenure. Depending on your eligibility and loan requirements, HDFC Bank offers business loans ranging from Rs. 50,000 to Rs. 50 lakhs or more. The interest rate on business loans from HDFC Bank begins at 11.25% and can range from 12 months to 48 months or more, depending on the loan size and repayment capabilities. You may estimate your monthly payments and loan eligibility using HDFC Bank’s business loan EMI calculator.

How much is required for an HDFC Bank business loan?

The amount needed for an HDFC Bank business loan will vary depending on your company’s needs and financial position. HDFC Bank provides business loans ranging from Rs. 50,000 to Rs. 50 lakhs that can be used for a variety of business-related needs such as expansion, working capital, machinery and equipment purchases, and so on. Your loan amount will also be determined by your eligibility requirements, which include your credit score, business history, and financial statements.

What is the tenure of the HDFC Bank?

The term of a business loan from HDFC Bank can vary depending on the loan amount, repayment capacity, and other considerations. HDFC Bank provides business loans with terms ranging from 12 months to 48 months. However, for specific loan amounts and repayment alternatives, the bank may provide lengthier loan terms. The loan tenure specifies the period during which you must return the loan amount, as well as any relevant interest and other costs. It is critical to thoroughly assess your repayment capacity and select a loan tenure that is appropriate for your business needs and financial circumstances.

What is the EMI for 20 lakhs business loan by HDFC Bank?

The EMI for a 20 lakhs business loan from HDFC Bank will be determined by several factors, including loan tenure, interest rate, and processing fees. HDFC Bank provides business loans with interest rates beginning at 11.25% and processing costs ranging from 1.99% to 2.50% of the loan amount. With a loan term of 36 months, an interest rate of 11.25%, and a processing charge of 2%, the anticipated EMI for a 20 lakhs business loan from HDFC Bank is Rs. 65,620. The actual EMI will depend on your loan requirements and eligibility criteria.

What is the EMI for 30 lakhs home loan for 30 years by HDFC Bank?

The EMI (Equated Monthly Payment) for a 30 lakh house loan with HDFC Bank over 30 years can vary depending on the interest rate and other loan details. Therefore, assuming an annual interest rate of 7.50%, the EMI for a 30 lakh house loan from HDFC Bank over 30 years would be around Rs. 21,665.

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