Credit & Loans
Business Loan Calculator
Estimate EMIs and total interest cost for MSME and business loans from banks and NBFCs.
Formula
EMI = P × [r(1+r)^n] / [(1+r)^n - 1]
Loan Amount, Rate %, Tenure (months)
Results
Enter values above to see results
EMI = P × [r(1+r)^n] / [(1+r)^n - 1]
Business loan EMIs are calculated based on the loan amount, applicable interest rate, and tenure. Banks and NBFCs offer different rates based on business turnover, credit score, and collateral.
Business loan of ₹50,00,000 at 14% p.a. for 5 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Monthly EMI
₹1,16,434.00
Total Payment
₹69,86,040.00
Total Interest
₹19,86,040.00
- 1Enter the business loan amount you require for expansion or working capital.
- 2Input the applicable interest rate based on your business turnover and credit score.
- 3Select the loan tenure (typically 1-5 years for working capital, up to 10 years for equipment).
- 4Factor in processing fees (0.5-2%) and any prepayment penalties.
- 5MSME loans up to ₹5 crore are collateral-free under CGTMSE scheme.
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