MCapital Business Loan EMI Calculator


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

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

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.

Steps to Use MCapital Business Loan EMI Calculator

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:

  1. Enter the Loan Amount: Specify the loan amount you intend to borrow. For example, ₹6,00,000.
  2. Set the Interest Rate: Input the annual interest rate applicable to your loan (for example, 11% p.a.).
  3. Choose the Loan Tenure: Select the repayment period for your loan, typically in months or years (For instance, 3 years or 36 months).

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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MCapital Business Loan EMI Calculation

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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Benefits of MCapital Loan EMI Calculator

The MCapital Business Loan EMI Calculator provides numerous benefits for business owners:

  • Quick and Efficient: Get accurate EMI results within seconds without the need for manual calculations.
  • User-Friendly Design: The calculator is intuitive and easy to navigate, even for first-time users.
  • Customizable Options: Experiment with different loan amounts, interest rates, and tenures to find the best repayment plan for your business.
  • Budget Planning: Understand your monthly repayment obligations to align them with your cash flow.
  • Cost Transparency: The calculator shows the breakdown of principal and interest, helping you assess the total cost of the loan.
  • Informed Decisions: Compare loan scenarios to select the most suitable borrowing option.

Factors Affecting MCapital Business Loan EMI

Several factors influence the EMI amount for an MCapital Business Loan. It’s essential to understand these to make borrowing decisions:

  • Loan Amount: Larger loan amounts directly increase the EMI. For example, a loan of ₹10 lakh will have a higher EMI than ₹6 lakh for the same interest rate and tenure.
  • Interest Rate: A higher interest rate results in a larger EMI. Even a slight increase in the interest rate significantly impacts your monthly repayment.
  • Loan Tenure: Longer tenures reduce the EMI but increase the total interest paid over the loan period. Shorter tenures have higher EMIs but lower overall interest costs.
  • Repayment Frequency: Some loans offer flexible repayment schedules, such as monthly, quarterly, or bi-monthly. The frequency impacts cash flow and planning.
  • Prepayment Options: Prepaying a portion of the loan reduces the outstanding principal and can lower the EMI or loan tenure.

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Frequently Asked Questions

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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Please read the Terms & Conditions carefully as deemed & proceed at your own discretion.