New Delhi, July 29 -- Running a business involves smart planning, especially when it comes to managing finances. If you are considering a business loan for growth, it is helpful to understand your potential monthly payments. A business loan EMI calculator can assist with this. This tool offers a clear picture of your loan repayment schedule quickly. Read on to know more about the EMI calculator.

An EMI, or Equated Monthly Instalment, is the fixed amount you pay every month towards yourbusiness loan. This payment covers both the principal (loan amount) and the interest. Instead of manually calculating this amount, you can simply use an online EMI calculator that does all the work for you.

Let's see how a business loan EMI calculator work...