Business Loan EMI Calculator (2026) – SME, MSME & Startup
💼 Business Loan Rates Starting from 10.75% p.a. (2026)
Business Loan EMI Calculator
Loan Amount ₹10,00,000
Interest Rate (% p.a.) 14%
Loan Tenure (Years) 3 Years
Your Monthly EMI
Calculating…
Principal Amount–
Total Interest Payable–
Total Amount Payable–
Enter details and click Calculate.
Principal vs Interest Breakdown
Principal
Interest
Year-wise EMI Breakdown – Amortization Schedule
| Year | Opening Balance | Principal Paid | Interest Paid | Closing Balance | P vs I Split |
|---|
How to Use Business Loan EMI Calculator
The Business Loan EMI Calculator helps entrepreneurs, SMEs, and MSMEs calculate their monthly loan repayment instantly. Whether you need funds for working capital, equipment purchase, business expansion, or startup costs — enter 3 values for instant EMI calculation.
EMI Calculation Formula
EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
P = Loan Amount | R = Monthly Rate (Annual ÷ 12 ÷ 100) | N = Tenure in Months
P = Loan Amount | R = Monthly Rate (Annual ÷ 12 ÷ 100) | N = Tenure in Months
Interest Rates – All Banks Comparison 2026
| Bank / Lender | Interest Rate (p.a.) | Max Loan Amount | Max Tenure | EMI Calculator |
|---|---|---|---|---|
| SBI MSME Loan | 10.75% – 13.75% | Up to ₹5 Crore | 5 Years | SBI EMI |
| HDFC Bank | 11.90% – 18.00% | Up to ₹50 Lakhs | 4 Years | HDFC EMI |
| ICICI Bank | 12.00% – 17.00% | Up to ₹2 Crore | 5 Years | ICICI EMI |
| Axis Bank | 14.95% – 19.00% | Up to ₹75 Lakhs | 4 Years | Axis EMI |
| Kotak Bank | 16.00% – 19.99% | Up to ₹75 Lakhs | 4 Years | Kotak EMI |
| IDFC First Bank | 14.50% – 26.00% | Up to ₹1 Crore | 5 Years | IDFC EMI |
| Bank of Baroda | 11.15% – 14.50% | Up to ₹2 Crore | 5 Years | BOB EMI |
| IndusInd Bank | 14.00% – 22.00% | Up to ₹50 Lakhs | 4 Years | IndusInd EMI |
*Rates are indicative for April 2026. Contact your bank for exact applicable rates.
EMI Examples – Quick Reference 2026
| Loan Amount | Interest Rate | Tenure | Monthly EMI | Total Interest |
|---|---|---|---|---|
| ₹5,00,000 | 14% | 2 years | ₹24,006 | ₹76,144 |
| ₹10,00,000 | 14% | 3 years | ₹34,178 | ₹2,30,408 |
| ₹25,00,000 | 15% | 3 years | ₹86,680 | ₹6,20,480 |
| ₹50,00,000 | 16% | 5 years | ₹1,21,585 | ₹22,95,100 |
| ₹1,00,00,000 | 13% | 5 years | ₹2,27,530 | ₹36,51,800 |
Eligibility Criteria & Key Tips
- Mudra Loan (up to ₹10 lakhs) available without collateral for micro enterprises — apply at any bank
- MSME/Udyam registration gets preferential loan rates and government scheme benefits
- GST-registered businesses with 2+ years ITR filing get best business loan rates
Frequently Asked Questions
What is Mudra Loan and how to apply?
Pradhan Mantri Mudra Yojana (PMMY) provides loans up to ₹10 lakhs to micro enterprises. Three categories: Shishu (up to ₹50,000), Kishore (₹50,000-₹5 lakhs), Tarun (₹5-10 lakhs). Apply at any bank, MFI, or NBFC. No collateral required. Interest rate typically 10-12% p.a.
Can I get business loan without collateral?
Yes. Loans up to ₹10 lakhs under MUDRA scheme require no collateral. Under CGTMSE (Credit Guarantee Fund Trust for MSMEs), loans up to ₹5 crore can be availed without collateral from member banks.
What is minimum business vintage for business loan?
Most banks require minimum 2-3 years business vintage for unsecured business loans. Some fintech lenders offer loans from 6-12 months vintage. ITR filing for 2-3 years is usually required to prove business income.
Is business loan interest tax deductible?
Yes. Business loan interest is fully tax deductible as a business expense under Income Tax Act Section 36. This reduces your taxable profit and hence tax liability. Principal repayment is not deductible.