How Does Business Loan Repayment Happen?
There are many factors that are considered for Business Loan repayment. These factors include the loan amount, interest rates, monthly EMIs, and loan tenure. Just like other loans, Business Loan repayment is done in equated monthly instalments
The EMI is debited every month at a pre-determined date from your account for the entire duration of the loan. If you are not sure about how much EMIs will you be paying for the Business Loan you have applied for or if you want to plan a Business Loan, Poonawalla Fincorp’s Business Loan calculator will help you.