Your total payment will be
Monthly EMI ₹19,566.15
Total Intrest ₹1,73,968.89
Principal Amount ₹10,00,000.00
Understand the affordability of the loan and align it with your financial capabilities
Assess how the loan fits into your monthly budget, preventing financial strain
Get the total interest payments over the loan tenure and make informed decisions
Compare different loan options and choose the one that best suits your financial goals
Use the emi calculator with other Shiprocket
solutions for the next level of business growth
The initial sum borrowed, influencing monthly instalments; higher amounts result in increased installments.
The percentage charged on the borrowed amount, is influenced by credit performance and business track record.
The duration agreed upon for repayment, affecting monthly instalments; shorter tenures increase EMIs but reduce interest.
An invoice is a bill that requests payment for products or services, detailing what was purchased, its cost and the total amount due.
The actual monthly EMI may vary depending on the financing agency or bank, as certain charges can differ. Based on the provided figures, you can expect a monthly EMI of around ₹48,000.
EMI = P x r x (1+r)^n / (1+r)^n-1
P is the principal loan amount (₹10,00,000),
r is the monthly interest rate,
n is the loan tenure in months
You can send the invoice using the method that suits you and your customers best. Options include, but are not limited to:
Private limited company
Limited liability partnership firm
Hindu united family
Trusts and societies