Credit & Loans
MSME Loan Calculator
Calculate EMIs and total cost for MSME loans under the Credit Guarantee Fund Trust scheme.
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]
MSME loans under the Credit Guarantee Fund Scheme offer collateral-free loans up to ₹5 crore. Interest rates depend on the business vintage, turnover, and credit score. CGTMSE fee is borne by the borrower.
MSME loan of ₹20,00,000 at 12% p.a. for 5 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Monthly EMI
₹44,490.00
Total Payment
₹26,69,400.00
Total Interest
₹6,69,400.00
- 1Enter the MSME loan amount required for your business (up to ₹5 crore under CGTMSE).
- 2Input the applicable interest rate based on your business vintage and credit score.
- 3Select the loan tenure (working capital: 1-3 years, machinery: 5-7 years).
- 4Collateral-free loans are available under Credit Guarantee Fund Trust for Micro and Small Enterprises.
- 5Interest rates typically range from 8-16% p.a. depending on the lender and borrower profile.
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