Gather Loan Details: Collect essential information about each loan offer, including the principal amount, interest rate, tenure, and any additional charges.

Open the EMI Calculator: Access an online Business Loan EMI calculator, which can be easily found on various financial websites or through banking apps.

Enter Loan Details: Input the loan amount, interest rate, and tenure into the calculator.

Check EMI and Total Interest: The calculator will provide you with the Equated Monthly Installment (EMI) amount and the total interest payable over the loan tenure.

Repeat for Each Offer: Repeat steps 3 and 4 for every business loan offer you want to compare.

Compare Results: Analyze the EMIs and total interest amounts for each offer. Consider which option aligns best with your business's financial capacity and goals.

Factor in Additional Costs: Don't forget to include any processing fees, prepayment charges, or other hidden costs associated with each loan offer.