Business Loan Calculator
Calculate monthly EMI, total interest and total cost for your MSME or business loan.
Business loans are essential for funding working capital, equipment purchase, expansion, and cash flow management. Unlike personal loans, business loans can have higher limits (up to ₹50 crore for SMEs), shorter tenures (1–7 years typically), and interest rates that range widely based on business vintage, turnover, and credit history. This calculator helps you model the monthly EMI, total interest cost, and effective cost of borrowing so you can evaluate whether the expected business returns justify the loan cost.
📋 How to Use This Calculator
Enter the business loan amount, the annual interest rate offered (business loan rates range from 9% to 25% p.a. depending on the lender and your business profile), and the desired tenure. The calculator instantly shows the monthly EMI, total interest payable, interest as a percentage of the principal (effective cost), and total repayment amount. Use this to compare terms from multiple lenders including banks, NBFCs, and government-backed schemes like MUDRA loans.
💡 Key Facts & Information
Business loan interest rates in India: SBI e-Mudra at 9.75% for loans up to ₹50,000; MSME loans from PSBs at 10.5–14%; NBFCs at 15–26%; fintech lenders at 18–30%. Government schemes offer subsidised rates — Pradhan Mantri Mudra Yojana (PMMY) provides loans at concessional rates. Processing fees are typically 1–3% of loan amount. A healthy business credit history (CIBIL Rank 1–5) significantly lowers rates. For loans above ₹10 lakh, banks typically require 3 years of ITR and audited financials.