Result
Monthly EMI
₹56,883
- Loan amount₹2,500,000
- Total interest over tenure₹912,961
- Total payment (P + I)₹3,412,961
- Processing fee (upfront)₹37,500
- GST on processing fee₹6,750
- Total upfront charges₹44,250
How to use this calculator
- Enter business loan amount.
- Enter interest rate (compare 3-4 lender offers).
- Enter tenure in months.
- Enter processing fee %.
- Read EMI + total interest + upfront charges.
About this tool
Business loan EMI calculator for MSME and enterprise borrowers in India. Standard reducing-balance EMI formula. Rates vary dramatically by security type (collateral-backed cheaper), lender (PSB < private bank < NBFC < digital), and business profile. Interest paid on business loans is TAX-DEDUCTIBLE as business expense under Section 37 — significantly reduces effective cost for tax-paying businesses. Processing fee typically 1-3% + 18% GST charged upfront. Compare 4-5 lenders before finalizing — rate variation of 2-3% is common across lenders for same profile.
Frequently asked
PSB collateral-backed (SBI, PNB, BoB): 9-11%. Private bank unsecured (HDFC, ICICI, Axis): 13-16%. NBFC (Bajaj Finserv, Lendingkart, Capital Float): 15-20%. Digital lenders (KredX, IndifiCapital): 18-24%. MSME loans under Mudra scheme: 10-12%. Always negotiate + compare 4+ lenders.
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