Explanation

Let’s first understand what an EMI is. An EMI (Equated Monthly Installment) is a fixed amount that is to be paid on a pre-decided date on a monthly basis by the borrower of a loan. It is a payment made to clear off an outstanding loan within the mutually agreed duration referred to as repayment tenure. An EMI amount includes interest and principal on the loan amount. Even though each EMI is equal, the components of the EMI, the interest and the principal amount vary every month.

commercial property loan EMIs are calculated based on the principal borrowed, rate of interest, and tenure of the loan. The higher the loan amount, the higher will be the EMI payable. One of the main factors that affect the EMI amount is the rate of interest. The higher the rate, the higher will be the EMI payable. Tenure of the loan also is an important factor. The longer the loan tenure chosen, the lower will be the EMI payable. However, during the initial days of your commercial property loan repayment, the interest amount is higher, and the principal amount is lower.

Gradually, the interest amount will decrease as the outstanding loan reduces. Our Commercial property loan EMI calculator is extremely useful for calculating EMIs. It’s an easy-to-use online tool that provides you with all the details you need.

Benefits of Commercial Property Loan Calculator

There are many benefits of a Commercial Property Loan EMI Calculator. It can help you make a perfect choice as per your repayment potential. Commercial Property Loan EMI calculator is a time efficient and precise method.

Let’s have a look at the benefits of a commercial property loan EMI calculator below:

1) Time saving and efficiency

2) High level of accuracy

3) Financial planning and goals achievement