Business Loan EMI Calculator — Plan Your Business Finance
Calculate EMI for business loans and MSME loans. Compare rates from SBI Mudra Loan HDFC Business Growth Loan and other lenders for your enterprise needs.
Small businesses are the backbone of the Indian economy and access to affordable credit through MSME loans Mudra loans and business term loans has expanded significantly. Whether you need working capital for inventory equipment purchase for expansion or capital for a new venture understanding your EMI commitment is essential before taking on business debt. Current business loan rates range from 8% for government-backed Mudra loans to 18-24% for unsecured business loans from NBFCs.
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EMI Calculator
Key Information
| Parameter | Details |
|---|---|
| Mudra Loan Rate (Shishu) | 8% - 12% (up to Rs 50000) |
| Mudra Loan Rate (Kishore) | 10% - 14% (Rs 50K - Rs 5L) |
| MSME Loan Rate | 9% - 16% per annum |
| Collateral-Free MSME Limit | Up to Rs 1 crore (CGTMSE scheme) |
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Use Calculator NowFrequently Asked Questions
What is the EMI for 10 lakh business loan?
For a Rs 10 lakh business loan at 12% interest for 5 years the monthly EMI would be approximately Rs 22244. Total interest over the tenure would be Rs 3.35 lakh making total repayment Rs 13.35 lakh. For a 3-year tenure the EMI increases to Rs 33214 but total interest drops to Rs 1.96 lakh saving Rs 1.39 lakh in interest.
What is Mudra Loan and how to apply?
Pradhan Mantri Mudra Yojana offers loans up to Rs 10 lakh to small businesses in three categories: Shishu (up to Rs 50000) Kishore (Rs 50000 to Rs 5 lakh) and Tarun (Rs 5 lakh to Rs 10 lakh). No collateral is required. Apply through any commercial bank NBFC or MFI. You need a business plan Aadhaar card PAN card and bank statements. Processing takes 7-14 days.
Can I get a business loan with no collateral?
Yes under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme you can get collateral-free business loans up to Rs 1 crore. Mudra loans up to Rs 10 lakh also require no collateral. For larger amounts some banks offer unsecured business loans up to Rs 50 lakh based on business vintage turnover and credit score.
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Last updated: 24 March 2026