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Micro Loan


EMI Calculator

There are three methods for calculating Micro Loan EMIs, each with a different level of complexity and work required.

The simplest, quickest, and most straightforward approach to figure monthly installments is to utilize our Micro Loan interest rate calculator, often known as a Business Loan EMI calculator. All you have to do here is enter the values for the three major components, and the outcome is created automatically in seconds.

Loan Amount is



No. of Month is



Rate of Interest (ROI) is



Monthly EMI

Total Interest

Payable Amount

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Microsoft Excel: This approach is straightforward, although there is opportunity for error. In this section, enter the 'PMT' formula into the Excel software. Once selected, correctly enter loan data into the following fields.

‘Rate’: It refers to the monthly rate of interest

‘NPER’: It denotes loan tenure in months

‘PV’: It refers to the loan amount or principal value

After feeding these details, make sure to leave the values for ‘FV’ and ‘Type’ as 0 and 1, correspondingly.

Manual method: This is considered the hardest way to calculate micro loan EMI as it involves manual calculation based on the following formula.

EMI = [P x R x (1+R) ^ N] / [(1+R) ^ (N-1)]

Please note:

‘P’ refers to the principal amount

‘N’ means tenure in months

‘R’ refers to the monthly interest rate applicable 


How To Reduce EMIs On A Micro Loan?

There are a few ways to reduce the professional loan EMI amount.

  • Opt for a smaller sanction
  • Choose a longer tenure
  • Negotiate for a lower interest rate
  • Prepay the professional loan at least once during the tenure.

Before trying any of these tactics, be sure to use a professional loan calculator and conduct a thorough cost-benefit analysis.


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