Working Capital Loan Calculator
Every business needs working capital to ensure the smooth running of its day-to-day operations. There are times when businesses could face cash flow irregularities. At such times, it becomes pertinent to infuse capital to ensure that the operations continue running efficiently. To manage and understand how much additional financial capital is required in terms of Working Capital Loan, a working capital Loan calculator is a must. With Poonawalla Fincorp’s Working Capital Loan Calculator, you can understand how much your monthly outgo is without worrying about missing any repayments and fulfilling all your additional capital requirements.
Working Capital Business Loan Interest Rates
|Types of fee||Applicable Charges|
|Rate of interest||15% to 28% p.a.*|
|Processing fees||Up to 3% plus applicable taxes|
|Bounce charges||₹1,000 per bounce plus applicable taxes|
|Late Payment Charges||3% per month|
|Loan Amount||₹1 Lakh to ₹50 Lakh|
|Lowest EMI per month||Starting from ₹3,467* per Lakh for 36 months|
|Loan Tenure||6 - 36 months|
|Prepayment/Foreclosure Charges||0%* If paid from own sources|
|Stamp Duty||At actuals (as per state)|
|Penal Interest||3% monthly on the defaulted EMI amount|
What is a Working Capital Loan EMI?
A Working Capital Loan caters to the working capital requirements of a company. This could be to meet urgent vendor payments, cater to seasonal demand spikes, purchase inventory, etc.
What is the EMI Calculator?
The EMI Calculator is an online tool that helps calculate your loan EMI before you begin the loan application process.
How to Calculate Working Capital Loan EMI?
You need to provide the following basic loan details under the respective sections:
- Amount of loan
- Repayment tenure
- Rate of interestt
Based on the given details, your loan EMI is calculated automatically and displayed under the section ‘EMI Amount’.
Formula to Calculate Working Capital Loan Interest (EMI)
You can use the following formula to calculate the working capital loan EMI
EMI = [P x R x (1+R)^N]/[(1+R)^(N-1)]
‘P’ stands for the principal amount
‘N’ stands for tenure in months
‘R’ stands for the interest rate applicable every month
What are the Benefits of the Working Capital Loan Interest (EMI) Calculator?
You get an approximate idea of the EMI pay-outs throughout your Working Capital Loan tenure
- It is a time saver as it facilitates efficient loan planning
- The availability of an amortization schedule generates an in-depth outline of the loan availed
- Facilitates better planning of your operating finances
- Opportunity to opt for multiple schedules and choose your EMI instalment tenure
What are the Factors Affecting Working Capital Loan EMIs?
- Amount of loan: The higher your loan amount, the greater your EMI, and vice versa. However, the repayment tenure of your loan will also impact the overall cost of your loan.
- Interest rate: It is a vital factor in deciding your loan EMI. At Poonawalla Fincorp, we offer competitive interest rates and are transparent about all costs associated with your loan. Thus, always look closely at all terms and conditions while availing of a loan. You may also want to check the penalty on loan prepayment if any.
- Repayment tenure: The longer your repayment tenure, the lesser is your EMI; while the shorter the repayment tenure, the higher will be the EMI amount.
The Working Capital Loan interest calculator will give you an idea of your monthly interest outgo. Additionally, you may need to pay a small percentage of the loan amount upfront by way of a processing fee.
Understanding Working Capital Loan
Working Capital Loans are funds borrowed from a lender for a short period. The loan helps businesses fund their operational needs for the short term. Following are some instances when businesses may feel a strain on funds to meet their operational needs:
- Seasonal fluctuations: Businesses face a drop in sales during the off-season, which could disrupt finances during that period.
- Cash flow is irregular: Piled-up pending invoices impact inventory management, slow down the business cycle and increase the turnover time. The situation can be resolved by availing of a temporary Working Capital Loan.
- Emergency: Emergencies such as delayed payment by your clients and unexpected one-time expenses such as employee compensation, for example, may strain your funds. Availing of a Working Capital Loan, in this case, will be helpful.
Types of Working Capital Loans
There are various types of Working Capital Loans that businesses can avail of based on their specific requirements. Some of them are-
- Line of credit
- Trader credit
- Invoice discounting
- Short-term loan
- Merchant advance against POS sales
All lenders, NBFCs, and other financial institutions may not always offer loans across all these categories. Thus, always ask your lender for the kind of Working Capital Loans that they offer, and only take the loan when it aligns with your needs.
Working Capital Loan - Features & Benefits
Our Working Capital Loans are tailored to help businesses bridge temporary fund mismatches. We understand the urgency for funds and ensure quick disbursals. To eliminate uncertainty, we have provided an online Working Capital Loan interest calculator for businesses to understand the cost that they might have to bear every month.
Higher loan amount
Flexibility in the use of funds
Availability of online processing
Following are some of the major features of Poonawalla Fincorp’s Working Capital Loan:
Higher loan amount
Without adequate working capital, no business can ensure the smooth running of its operations. Poonawalla Fincorp’s Working Capital Loan offers up to ₹50 Lakh catering all the financial assistance you need to ensure the smooth, hassle-free functioning of your business operations.
Working Capital Loans are unsecured loans. This means that you don’t need to spend precious time trying to arrange for collateral to access the capital that you require. You get instant funds to tide over your short-term financial crunch without having to pledge personal or business assets.
With quick loan approval, Poonawalla Fincorp ensure that you get additional required capital as fast as possible directly into your bank account.
Flexibility in the use of funds
You get the flexibility to use the funds as you prefer, provided they meet your operational needs and increase revenue
The benefit of quick loan disbursal helps to eliminate delays in your accessibility to funds.
Availability of online processing
Poonawalla Fincorp's online processing facilitates easy access to Working Capital Loans. Your loan is approved quickly, and the funds are credited to your account in no time. No need to interrupt your daily work and step outside just to avail yourself of this loan.
With varied Working Capital loan options available, you can choose the one most suitable for your business. A Working Capital Loan calculator will aid in structuring your loan tenure and duration.
Apply for Working Capital Business Loan within 5 Minutes
Click on Apply Now and enter your contact details.
Enter your annual business turnover and other business details.
The application will then proceed for verification and assessment
Working Capital Loan Calculator FAQs
A Working Capital Loan EMI is the fixed equated monthly instalment that you have to pay. EMI is pre-determined by the lender before loan approval, and you can plan your EMI by using our Poonawalla Fincorp’s Working Capital Loan Calculator.
Just visit our website and click on ‘EMI Calculator’. Key in all the required fields and press “Calculate”. The EMI amount will be displayed instantly.
The maximum Working Capital Loan amount a business can avail of is ₹50 Lakh. Also, you can use a working capital loan interest calculator to plan your monthly EMIs.
Factors that affect the interest calculation on Working Capital Loans are:
- Loan purpose
- Business size and scale
- Loan quantum and tenor
- Applicant’s creditworthiness
A Working Capital Loan can address short-term financial requirements that a business may face. Poonawalla Fincorp does not direct which part of your business you need to utilise the loan towards.
No, this is an unsecured loan. You can avail of the loan without pledging any collateral.
*Terms & Conditions Apply