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MSME Loan EMI Calculator

An MSME loan EMI calculator can help you estimate monthly repayments with inputs like loan amount, interest rate, and tenure. It simplifies financial planning, ensuring affordable and manageable loan decisions.

Your Business Loan EMI

₹ 1,737

Total Interest Amount

₹ 66,766

Principal Amount

₹ 1,00,000

Total Payable Amount

₹ 1,66,766

Loan Amount

Min Max

Interest Rate

- +

Tenure

- +

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You can also make instant comparisons between loan offers from multiple business loan providers on Bajaj Markets.

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Year	EMI	Principal	Interest	Balance

What is an MSME Loan EMI Calculator

An MSME loan EMI calculator is an online tool that helps micro, small, and medium enterprises estimate their Equated Monthly Instalment (EMI) before applying for financing. By entering the loan amount, interest rate, and repayment tenure, businesses can get an instant estimate of their monthly repayment obligations.

The calculator also helps assess the total interest payable and the overall repayment amount across different loan scenarios. You can choose a suitable tenure, and plan cash flows more effectively before taking an MSME loan.

How to Use the MSME Loan EMI Calculator

You can calculate your estimated MSME loan EMI in three simple steps:

Enter the Loan Amount: Select the amount you intend to borrow based on your business requirements, such as working capital, equipment purchase, inventory expansion, or other operational needs.
Input the Interest Rate: Enter the applicable interest rate offered by your lender. The interest rate directly affects both your monthly EMI and the total cost of borrowing.
Choose the Repayment Tenure: Select a suitable loan tenure. A longer tenure may reduce the EMI amount but can increase the total interest payable, while a shorter tenure may result in higher EMIs but lower overall interest costs.

Note: The EMI shown by the calculator is an estimate based on the loan amount, interest rate, and tenure entered. Actual repayment obligations may vary depending on lender-specific terms, fees, charges, and loan approval conditions.

How is MSME Loan EMI Calculated

The MSME loan EMI calculator runs on the following formula:

EMI = [P × r × (1 + r)^n] ÷ [(1 + r)^n − 1]

Where:

P = Loan amount (principal)
r = Monthly interest rate (Annual Interest Rate ÷ 12)
n = Loan tenure in months

Simple Example

Suppose you borrow ₹10 Lakhs at an interest rate of 12% per annum for 5 years (60 months):

Loan Amount (P) = ₹10,00,000
Monthly Interest Rate (r) = 12% ÷ 12 = 1% (0.01)
Tenure (n) = 60 months

Using the formula, the estimated EMI works out to approximately ₹22,244 per month.

Note: The MSME loan EMI calculator can perform this calculation instantly, helping you estimate your monthly repayment, total interest payable, and overall borrowing cost.

MSME Loan EMI for Loan Amounts from ₹1 Lakh to ₹50 Lakhs

The table below shows illustrative EMI amounts for different MSME loan amounts at an assumed interest rate of 12% per annum. Actual EMI values may vary depending on the lender, interest rate, and repayment terms.

Loan Amount	3 Years	5 Years	7 Years
₹1 Lakh	₹3,321	₹2,225	₹1,768
₹5 Lakhs	₹16,607	₹11,122	₹8,838
₹10 Lakhs	₹33,214	₹22,244	₹17,676
₹20 Lakhs	₹66,429	₹44,489	₹35,352
₹30 Lakhs	₹99,643	₹66,733	₹53,028
₹40 Lakhs	₹1,32,858	₹88,978	₹70,705
₹50 Lakhs	₹1,66,072	₹1,11,222	₹88,381

Disclaimer: The figures above are indicative and assume a 12% annual interest rate on a reducing balance basis. Actual EMI amounts may vary based on lender-specific interest rates and loan terms.

MSME Loan Eligibility Criteria

Lenders assess several business and applicant-related factors before approving an MSME loan. While eligibility requirements may vary across lenders, the following parameters are commonly considered.

Parameter	Typical Requirement
Applicant Age	Usually 21 to 60 years
Business Vintage	Generally 1 year or more
Annual Turnover	As specified by the lender
CIBIL Score	650
Business Type	Proprietorship, Partnership, LLP, Private Limited Company, etc.
Udyam Registration	May be required for certain MSME-focused schemes

Note: Eligibility criteria differ across lenders and loan products. Meeting the minimum criteria does not guarantee loan approval. To assess your borrowing capacity based on lender criteria, you can also use the business loan eligibility calculator.

Benefits of MSME Loan Calculator

An online MSME loan calculator provides the following advantages:

It helps you determine the approximate monthly outflow towards repayment.
It is beneficial in determining the loan amount that suits your business requirements.
It offers you the flexibility to choose the amount and tenure that will not add financial burden to your business.

Different Types of MSME Loans

Discover various MSME loan options like working capital, term loans, and government-sponsored loans. Understand how each type supports small businesses in meeting financial needs and driving growth.

MSME Loan Schemes: MUDRA, CGTMSE and Stand-Up India

Several government-backed schemes support MSMEs by improving access to credit and, in some cases, enabling collateral-free borrowing. These schemes are designed to help eligible businesses secure funding for expansion, working capital, and enterprise development.

Scheme	Maximum Amount	Collateral Requirement	Who Qualifies
Pradhan Mantri Mudra Yojana (PMMY)	₹20 Lakhs	Generally not required	Micro and small business enterprises
CGTMSE	As per scheme guidelines	Credit guarantee support available	Eligible micro and small enterprises
Stand-Up India	₹10 Lakhs to ₹1 Crore	As per lender norms	Eligible SC/ST and women entrepreneurs

Note: Scheme eligibility, funding limits, and collateral requirements are subject to prevailing government and lender guidelines. Businesses considering financing under PMMY can estimate repayments using the Mudra loan EMI calculator before applying.

Business Loan Interest Rates and Charges

Interest rates and charges can significantly influence the overall cost of an MSME loan. Before using the calculator, it is advisable to know the applicable interest rate and related fees so that the EMI estimate closely reflects the actual borrowing cost.

Below is an indicative comparison of MSME loan offerings available through lending partners:

Available Offerings	Maximum Loan Amount	Starting Interest Rate (p.a.)	Processing Fee
Bajaj Finance Business Loan	₹80 Lakhs	14% p.a.	Up to 4.72% of the loan amount (inclusive of taxes)
Aditya Birla Capital UDYOG PLUS Business Loan	₹10 Lakhs	22% p.a.	3% to 4% of the loan amount + GST
AYE Finance Business Loan	₹2 Lakhs	29.5% p.a.	Up to 2% of the loan amount
Credit Saison Business Loan	₹10 Lakhs	22% p.a.	Up to 4.72% (inclusive of taxes)
FlexiLoans Business Loan	₹50 Lakhs	18% p.a.	Up to 2.5% of the loan amount
Indifi Business Loan	₹30 Lakhs	22% p.a.	Up to 3% of the loan amount + GST
KreditBee Business Loan	₹30 Lakhs	18% p.a.	3% to 4.25% of the loan amount
L&T Financial Services Business Loan	₹75 Lakhs	15.5% p.a.	Up to 2% of the loan amount + GST
Lendingkart Business Loan	₹50 Lakhs	13.50% p.a.	Up to 3% of the loan amount + GST
Protium Business Loan	₹35 Lakhs	20.5% p.a.	1% to 6% of the loan amount
Godrej Capital Business Loan	₹75 Lakhs	17% p.a.	Up to 3% of the loan amount

Disclaimer: Interest rates, fees, loan amounts, and tenures are indicative and may change from time to time.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions.

Frequently Asked Questions

What is the EMI for a ₹10 Lakh MSME loan?

The EMI on a ₹10 Lakh MSME loan depends on the interest rate and repayment tenure selected. For example, at an assumed interest rate of 12% per annum and a tenure of 5 years, the estimated EMI would be approximately ₹22,244 per month. Actual EMIs may vary across lenders.

What is the interest rate on an MSME loan?

MSME loan interest rates vary based on the lender, loan amount, business profile, credit history, and generally depend on the lender's policies, the chosen loan product, and the business's creditworthiness. Applicants with stronger financial profiles and repayment capacity may qualify for more competitive rates, while rates may be higher for businesses assessed as carrying greater lending risk.

What is the maximum MSME loan amount and tenure?

The maximum MSME loan amount and tenure depend on the lender's policies and the applicant's eligibility. Many lenders offer funding up to ₹80 Lakhs, with repayment tenures generally extending up to 96 months. Approved limits may vary based on business financials and creditworthiness.

Can I get an MSME loan without collateral?

Yes, certain MSME loans are available without collateral, subject to lender eligibility criteria. In addition, government-backed initiatives such as the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) support collateral-free credit for eligible micro and small businesses through participating lenders.

Is Udyam registration required for an MSME loan?

Udyam registration is not mandatory for every MSME loan application. However, some lenders and government-linked schemes may require or prefer it as proof of MSME status. Having a valid Udyam registration may help businesses access certain scheme-related benefits and financing opportunities.

What is the difference between an MSME loan and business loan?

An MSME loan is a type of business loan designed specifically for enterprises that meet the prescribed criteria for micro, small, and medium enterprises. While all MSME loans fall under the broader category of business loans, not all business loans are intended exclusively for MSMEs. Business loans may also be available to larger enterprises and businesses that do not qualify under MSME classification norms.

How accurate is the MSME loan EMI calculator?

An MSME loan EMI calculator provides a reliable estimate based on the loan amount, interest rate, and tenure entered by the user. However, the final EMI may differ slightly from the estimate because lender-specific charges, processing fees, taxes, and other conditions are not always included.

Is the MSME loan EMI calculator free to use?

Yes, the MSME loan EMI calculator is typically free to use and can be accessed multiple times without any cost. Users can estimate repayments instantly by entering basic loan details, without requiring document submission, registration, or a loan application commitment.

Can I prepay my MSME loan without charges?

Prepayment terms vary by lender and loan type. Under applicable RBI directions, eligible floating-rate MSE loans sanctioned or renewed may not attract prepayment charges. Borrowers should review the loan agreement and lender policies before making part-prepayments or foreclosure requests.

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