Loan Amount
Up to ₹10 Crore
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-72 Months

Calculate EMIs With Machinery Loan EMI Calculator

With Poonawalla Fincorp’s Machinery Loan EMI Calculator, know your monthly EMIs instantly with just a few clicks. Adjust the parameters, explore the options, and pave the way for your business’ growth.

Optimise Your Machinery Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹500000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

Interest Rate

%
9.99 %
15 %

Tenure

Months
12Months
72Months

How to Calculate Machinery Loan EMIs

Using our EMI calculator is as easy as turning your equipment on. All you have to do is:

Step 1: Enter the loan amount.

Step 2: Add the interest rate.

Step 3: Enter the loan tenure.

Change the loan amount and tenure to adjust the monthly instalment amount. It is displayed automatically. 

Note: The calculated amount is just the estimation of monthly EMI based on the details entered in the calculator. Your actual monthly EMI may change based on other loan terms and conditions.

Components that Affect Machinery Loan EMIs

Understand the factors that affect your loan EMIs to plan your repayments effectively and make a decision that empowers your financial goals:

  • Sanction Amount: Sanction amount or loan amount is the primary determining factor of your loan EMIs. The higher the loan amount, the higher the EMI.
  • Interest Rate: Interest rate is directly proportional to your monthly EMIs. The higher the interest rate, the higher the EMI.
  • Loan Tenure: The longer the loan tenure, the lower the EMIs, and vice versa. However, longer tenure increases the overall borrowing cost.

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Frequently Asked Questions

What is a Machinery Loan EMI Calculator?

A Machinery Loan EMI calculator is an online tool that helps you determine your monthly instalments. Enter the loan amount, interest rate, and tenure to know the EMIs instantly.

What is the formula for calculating Machinery Loan EMI?

The formula for calculating Machinery Loan EMI is:
EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]
P - Principal Amount
N – Loan Tenure
 

How to use Microsoft Excel to calculate Machinery Loan EMI?

Calculate Machinery Loan EMI in Microsoft Excel by adding PMT formula in a cell and the values for required variables:
Rate – Interest rate
NPER – Loan tenure in months
PV – Principal loan amount
FV and Type – 0 and 1, respectively.

What are the benefits of using a Machinery Loan EMI calculator?

With a Machinery Loan EMI calculator, you can:

  • Determine the monthly instalments based on your repayment capacity.
  • Decide the loan tenure and manage finances effectively.
  • Manage cash flow efficiently and enjoy financial freedom.

 

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