Enter your loan amount, interest rate & loan tenure to check your monthly EMI.
Monthly EMI | ₹86 |
Principal Amount | ₹1,000 |
Total Interest | ₹32 |
Total Amount | ₹1,032.00 |
Managing loan repayments is crucial for businesses, and the MCapital Business Loan EMI Calculator helps you plan your finances with ease. This tool enables you to estimate the monthly installments (EMIs) for your mCapital business loan, ensuring you make informed borrowing decisions that align with your cash flow and financial goals.
MCapital offers collateral-free business loans to small and medium enterprises (SMEs) for loan amounts of up to ₹15 lakh and repayment tenures of up to 3 years.
The MCapital Business Loan EMI Calculator is a user-friendly online tool designed for quick and accurate EMI calculations. Here’s how you can use it:
The Business Loan EMI Calculator processes your inputs and instantly displays the monthly EMI amount along with the total repayment amount and interest payable.
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The Equated Monthly Installment (EMI) for the MCapital Business Loan is calculated using the formula:
EMI Calculation = P x R x (1+R)^n / [(1+R)^n - 1]
Where,
EMI is the Equated Monthly Instalment.
P = Principal amount
R = Monthly interest rate
n = Loan tenure in months.
Example:Let's calculate the EMI for a ₹6,00,000 Business loan at an 11% annual interest rate with a 3-year (36 months) tenure.
Convert Annual Interest Rate to Monthly Rate
Annual Rate = 11%
Monthly Interest Rate (r) = 11*1/12*100= 0.009167
Substitute Values in Formula:
EMI=600000×0.009167×(1+0.009167)^36/(1+ (0.009167)^36)-1
By calculating the values, the approximate EMI reaches around ₹19,699 per month.
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The MCapital Business Loan EMI Calculator provides numerous benefits for business owners:
Several factors influence the EMI amount for an MCapital Business Loan. It’s essential to understand these to make borrowing decisions:
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The EMI Calculator uses the formula: EMI Calculation = P x R x (1+R)^n / [(1+R)^n - 1] Where, EMI is the Equated Monthly Instalment. P = Principal amount, R = Monthly interest rate and n = Loan tenure in months.
Yes, you can easily adjust the loan tenure to explore different repayment scenarios.
Yes, the MCapital EMI Calculator is completely free for all businesses.
You need to input the loan amount, annual interest rate, and desired loan tenure.
No, you need to input the interest rate manually as per the loan terms provided by MCapital.
Yes, you can compare multiple loan scenarios by varying the loan amount, interest rate, and tenure.
The calculations are highly accurate, based on the input values, ensuring precise estimates for planning.
Currently, there is no dedicated mobile app, but the calculator can be accessed through the Buddy Loan website.
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