MSME Loan Calculator

Check the EMI for your MSME Loan by providing the Loan Amount, Interest Rates, (per annum), and loan tenure (in months) details.

%
 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 (%)

An MSME loan is financial support that helps with the growth and development of Micro, Small, and Medium Enterprises. These loans are typically availed by businesses seeking capital for expansion, working capital, or to meet operational expenses.

To assist potential borrowers in financial planning, MSME loan calculators provide estimates of Equated Monthly Installments (EMIs), total interest payable, and overall loan affordability. By inputting loan amount, interest rate, and repayment tenure, users can calculate their potential repayment obligations.

MSME Loan EMI for Different Loan Amounts

Now, assuming the interest rate to be 9% and a loan period of 2 years, let's check the MSME / SME loan EMI for different loan amounts.

Loan Amount MSME Loan EMI Total Payable Amount
₹50,000 ₹2,284 ₹54,821
₹1 Lakh ₹4,568 ₹1,09,643
₹2 Lakhs ₹9,136 ₹2,19,286
₹3 Lakhs ₹13,705 ₹3,28,930
₹4 Lakhs ₹18,274 ₹4,38,573

Steps to Use MSME Loan EMI Calculator

An MSME loan EMI calculator is an online tool that helps you estimate your monthly repayments (EMIs) based on the loan amount, interest rate, and repayment tenure.

This is how the MSME loan EMI calculator works:

• Step 1: Visit the business loan EMI calculator page.
• Step 2: Enter these details:
• Loan amount: The total sum you need to borrow.
• Interest rate: The annual interest rate of your MSME loan.
• Loan tenure: The repayment period for your MSME loan.
• Step 3: The calculator instantly calculates & displays your estimated Equated Monthly Installment (EMI) along with interest & total payable amount.

MSME loan EMI calculator is useful for:

• Budgeting: Accurately forecasting monthly expenses.
• Loan Comparison: Evaluating different loan options based on EMIs.
• Financial Planning: Making informed decisions about loan affordability.

Are you looking for a business loan?

Calculation of MSME Loan EMI

The Equated Monthly Installment (EMI) is calculated using the following formula:

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

Where:

• P is the principal loan amount.
• R is the interest rate per month.
• N is the number of monthly installments.

Example Calculation:
Let's consider an MSME loan of ₹2 lakhs at a 9% interest rate and 1-year tenure.

Given,
Loan Amount (P) = ₹2,00,000
Annual Interest Rate = 9%
Loan Tenure = 1 year

To calculate:
Monthly Interest Rate (R) = 9% / 12 / 100 = 0.0075
Number of Monthly Installments (N) = 1 year * 12 = 12

Now, applying the formula:
= [200000 x 0.0075 x (1+0.0075)^12] / [(1+0.0075)^12 – 1]
= [200000 * 0.0075 * 1.093807] / [1.093807 - 1]
= [1640.71] / [0.093807]
= ₹17,484.29

Therefore, the EMI for a ₹2,00,000 loan at 9% interest for 1 year is approximately ₹17,484.29.

Loan Amortization Table for a MSME / SME Loans

The table provided below showcases the loan amortization of ₹2 lakhs MSME loan at a 9% p.a interest rate and 1-year tenure.

Month EMEMI (₹) Interest Paid (₹) Principal Paid (₹) Outstanding Balance (₹)
January 17,484.29 1,500.00 15,984.29 1,84,015.71
February 17,484.29 1,380.12 16,104.17 1,67,911.54
March 17,484.29 1,259.34 16,224.95 1,51,686.59
April 17,484.29 1,137.65 16,346.64 1,35,339.95
May 17,484.29 1,014.95 16,469.34 1,18,870.61

Note: The provided EMI is an approximation. Actual EMI may have slight variations based on calculator precision and rounding practices.

Features of MSME Loan

MSME (Micro, Small, and Medium Enterprises) loans are crucial for small business owners and entrepreneurs seeking financial support. The table presented below shows the features of MSME loans.

Feature Description
Purpose Funding for business expansion, working capital, purchasing equipment, raw materials, etc.
Loan Amount Varies depending on lender and business size, typically ranging from a few lakhs to crores.
Interest Rates Competitive interest rates compared to other loan types.
Repayment Tenure Flexible repayment options, ranging from short-term to long-term.
Collateral Many lenders offer collateral-free options, especially for smaller loan amounts.

Note: Specific features may vary depending on the lender and the type of MSME loan.

Also get a Free Credit Report

Benefits of MSME Loan Calculator

An EMI calculator specifically designed for MSME and SME loans helps potential borrowers estimate their monthly repayments based on loan amount, interest rate, and tenure. It can be a valuable tool for business owners for the following reasons.

• Accurate EMI Estimation: Provides a precise calculation of the monthly installment, helping you plan your cash flow effectively.
• Financial Planning: Enables you to create a realistic budget by understanding the exact amount to be repaid each month.
• Loan Comparison: This helps you to compare different loan offers from various lenders based on interest rates and repayment terms.
• Tenure Optimization: Helps determine the optimal loan tenure that aligns with your business's financial capacity.
• Affordability Assessment: Assess whether the loan is financially feasible for your business based on your monthly income and expenses.
• Time-Saving: Eliminates the need for manual calculations, saving time and effort.
• Informed Decision Making: Provides essential data to make informed decisions regarding loan selection and repayment strategy.

The calculator will then display the EMI amount, total interest payable, and the total payable amount, helping you make good decisions on your business’s future.

List of Lenders Offering MSME Loans

The table presented below showcases some of the lenders who offer MSME loans.

You can also check other related Business Calculators below

 Business Loan EMI Calculator MUDRA Loan Calculator Business Loan Eligibility Calculator PMEGP Loan Calculator Commercial Loan Calculator Working Capital Loan Calculator Commercial Property Loan Calculator Machinery Loan EMI Calculator Corporate Loan Calculator Tractor Loan EMI Calculator Agriculture Loan EMI Calculator Commercial Vehicle Loan Calculator

Know more about different types of business loans offered as per the government schemes by various banks & other private lenders. Check more on this from the links in the table below:

 Business Loan Interest Rates Business Loan Eligibility Business Loan for Startup Business Loans For Women MSME Loan SME Loan Business Loan Schemes by Government Small Business Loan PSB Loans in 59 minutes Working Capital Loan Commercial Vehicle Loans Commercial Loans Equipment Loan Equipment Leasing Loan Medical Equipment Loan Construction Equipment Loan Unsecured Business Loan Mudra Loan SBI MSME Loan SBI SME Loan Emergency Credit Line Guarantee Scheme CGTMSE Scheme PMEGP Loan Stand Up India Scheme Mahila Samridhi Yojana Udyogini Scheme Agriculture Loan Tractor Loan

Do you need an MSME Loan Online?

MSME loan calculations involve determining the Equated Monthly Installment (EMI) based on the loan amount, interest rate, and repayment tenure using a specific formula.

Yes, most MSME loan calculators can provide different repayment options. By adjusting the loan amount, interest rate, and tenure, you can see how the EMI changes and choose the best option for your business.

An MSME loan calculator helps estimate potential loan amounts by considering factors like income, existing EMIs, and desired repayment tenure. It provides a preliminary understanding of eligibility before formal application.

Input the loan amount, interest rate, and tenure offered by each lender into the calculator. Compare the resulting EMIs to find the most affordable option based on your budget.

Using an MSME loan calculator will not affect your credit score. It's a simple tool for estimating loan repayments and doesn't involve any credit checks.

Yes, an MSME loan calculator can accurately estimate your monthly EMIs based on the loan amount, interest rate, and repayment tenure. This helps you plan your finances effectively.

Display of trademarks, trade names, logos, and other subject matters of Intellectual Property displayed on this website belongs to their respective intellectual property owners & is not owned by Bvalue Services Pvt. Ltd. Display of such Intellectual Property and related product information does not imply Bvalue Services Pvt. Ltd company’s partnership with the owner of the Intellectual Property or proprietor of such products.