1. What is the Bajaj Business Loan Calculator?

The Bajaj Business Loan Calculator helps estimate monthly payments for business loans using the standard loan payment formula. It calculates EMI (Equated Monthly Installment) based on principal amount, interest rate, and loan term.

2. How Does the Calculator Work?

The calculator uses the loan payment formula:

Where:

• \( P \) — Principal loan amount (INR)
• \( r \) — Monthly interest rate (annual rate divided by 12)
• \( n \) — Number of monthly payments (loan term in months)
• \( PMT \) — Monthly payment amount (INR)

Explanation: The formula accounts for compound interest over the loan term to determine fixed monthly payments that pay off the loan completely by the end of the term.

3. Importance of Loan Calculation

Details: Accurate loan payment calculation helps businesses plan their finances, understand repayment obligations, and compare different loan options.

4. Using the Calculator

Tips: Enter principal amount in INR, annual interest rate in percentage, and loan term in months. All values must be positive numbers.

5. Frequently Asked Questions (FAQ)

Q1: What is the typical interest rate for Bajaj business loans?
A: Interest rates vary but typically range from 9% to 30% per annum depending on loan amount, term, and borrower's credit profile.

Q2: Are there any processing fees for Bajaj business loans?
A: Yes, Bajaj Finance typically charges processing fees up to 3.5% of the loan amount plus GST.

Q3: What is the maximum loan amount available?
A: Bajaj Finance offers business loans up to ₹50 lakhs, depending on business vintage and financials.

Q4: Can I prepay my Bajaj business loan?
A: Yes, but prepayment charges may apply depending on the loan terms and timing of prepayment.

Q5: How quickly can I get a Bajaj business loan?
A: Loan disbursal can be as quick as 24-72 hours after document verification and approval.