What is the interest on the business loan, and how do I calculate it?

By Lendingkart

Posted on: November 27, 2025

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The interest rate for the business loan can be calculated using the formula: E = P x r x (1+r)n/(1+r)n-1, Where E is the EMI to be paid, P is the Principal loan amount, n is the loan tenure and, r is the rate of interest that is calculated on a monthly basis.

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