Designed To Meet Your Dynamic Fund Requirements

Digital Loan Application | Flexible Repayment | Special Offers

Apply now


Apply Now Contact Us

 

MSME Loan Calculator


MSME Loan EMI calculator can help you estimate what you would have to pay for a specific loan amount. Principal and interest make up this monthly installment. The amount you need to pay can be changed by changing one variable or decreasing another. An applicant must provide three basic loan details, including loan amount, interest rate, and repayment tenure, to obtain instant results. Depending on the applicant's profile and business needs, banks may offer different amounts and interest rates.

Loan Amount is

10k

10L

No. of Month is

12M

84M

Rate of Interest (ROI) is

5

35

Monthly EMI

Total Interest

Payable Amount

Apply Now

This monthly installment is made up of the principal amount and the interest amount that has been accrued.

There are two methods for calculating an MSME loan’s EMI.

The simplest, quickest, and most straightforward approach to figuring out monthly installments is to utilize an MSME loan interest rate calculator. All you have to do here is enter the values for the three major components, and the outcome is created automatically in seconds.

Flat Interest Rate Calculation

EMI = (principal + total interest payable) / loan tenure (Months)

Total interest payable = P x R x N / 100

Floating Interest Rate Calculation

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

‘P’ is the principal loan amount.

‘R’ is the interest rate.

‘N’ is the loan tenure in months.

Elements Affecting Your MSME Loan EMIs


The interest rate on an MSME loan is affected by a variety of factors. Knowing about these factors will help you get the most competitive interest rate on MSME Loans.

Credit Score: - Applicants have a credit score of 650 and above to reduce the interest rates on the amount.

Occupation: - Applicant must be a salaried individual, self-employed individual, or a business owner with the ownership documents.

Repayment History: - Having an excellent repayment history helps you to increase your business loan eligibility and help you to get a lower interest rate.

Stable Income: - Having a steady income makes it easier to pay back the loan. With a higher income, you have a greater chance of getting low-interest business loans.

emi-calculator
traingle

How To Reduce EMIs On A ?

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.

lady

Here's what our customer have been saying about us

Our partners from across the industry

We collaborate with the best and biggest in the banking & financial world to get you relevant products at great rates.

Apply Now
indiabulls city-bankidfc-bank poonawala-fincorp
standard-charted bajaj indusind kotak chola lending-kart fullerton-india icici axis
partner-mobile

Your Data Is Secure With Us.

We employ best-in-class security practices and procedures to keep your information secure every time.

security-icon-1

Security

From taking regular backups to using stronger passwords, we strictly prohibit any kind of unauthorized access of your crucial data, corruption, or theft throughout its life cycle.

security-icon-2

Privacy

We identify all the different ways your privacy could be at risk and have prepared safeguards to help you protect yourself online with us. Your privacy is important to us.

security-icon-3

Compliance

We are ISO 27001:2013 and SOC2 Type 2 compliant which instills trust into the hearts of our customers. We are secured with SSL and a certified GSP (GST Suvidha Provider).

Recent Blogs

See More

Our blogs are where you get the latest news along with insights from industry experts.

Business Finance
Insurance

Business Finance

By My mudra

02-08-2022

Personal Loan
Insurance

Personal Loan

By My mudra

02-08-2022

loan against property
Insurance

loan against propert...

By My mudra

02-08-2022

Home Loan and Home Renovation Loan
Insurance

Home Loan and Home R...

By My mudra

20-07-2022

Teaching Personal finance to our kids 
Insurance

Teaching Personal fi...

By My mudra

07-06-2022