MSME Loan EMI Calculator!

Calculate Your Way to Success

Instant Loan Calculations in Seconds!

Making informed decisions is significant regarding your small to medium business finances. Securing the right loan option for business is important, and with so many loan options available in the market today, how can you choose the right one?

Here comes the EMI calculator for MSME loans, where you can quickly find the difference between different loan options and make the right decision. Also, you can make the calculations much easier and accurate, which, if done manually, can consume a lot of time.

So, no more waiting, use AyoRa Capitals, an MSME EMI loan calculator that helps you calculate your EMIs and the total amount to pay within seconds. An easy approach to financing.

Now, calculate your business loan details in just a few seconds.

Just enter the details in the calculator, like the loan amount, loan tenure ( total years of loan), and interest rate. After you specify these details in the calculator, you can check the exact EMIs for the loan amount you are borrowing and the total and final amount you will repay.

This MSME loan EMI calculator is perfect for making an estimate of your finances if you are thinking of expanding your business or considering a short-term working capital loan. Knowing how much you’ll need to repay monthly will help you make better planning. Also, if you understand the repayment plan, you can manage cash flow better and won’t face any unwanted surprises.

How is MSME Loan EMI Calculated?

The formula to determine MSME business loan EMI is:

EMI = P x r x (1+r)n/ (1+r) n-1

Where;

Principal Loan Amount: The total amount you borrow from the lender.

Interest Rate: Convert your annual interest rate on the amount to a monthly rate by dividing by 12 and then by 100.

Loan Tenure: It is the total number of months that you are going to repay the loan.

Let’s understand with an example:

Example Calculation:

• Loan amount (P) = ₹5,00,000
• Interest rate (annual) = 12%  (Monthly interest rate = 12 ÷ 12 ÷ 100 = 0.01)
• Loan tenure = 5 years

Now, put these values into the formula:

EMI = 5,00,000×0.01×(1+0.01)60(1+0.01)60−1EMI = \frac{5,00,000 \times 0.01 \times (1 + 0.01)^{60}}{(1 + 0.01)^{60} – 1}EMI=(1+0.01)60−15,00,000×0.01×(1+0.01)60​

This will give you the monthly EMI for the loan, which would be approximately ₹11,097.24 for 5 years.

This way, you can use different loan amounts with different interest rates. Check it out now!

How to Calculate Interest on an MSME Loan?

To calculate the interest rate on an MSME loan, use this simple formula:

EMI = P x r x (1+r)^n / [(1+r)^n -1]. In this formula,

P: is the loan amount

R: is the monthly interest rate

N: is the loan tenure in months

Or use the MSME business loan calculator for quick and easy calculations.

Benefits of the EMI Calculator

The main benefits of using the MSME EMI loan Calculator are as follows:

Customizable Options: With the loan EMI calculator, you can specify different loan amounts, interest rates, and loan tenure ( total years of the loan). You can check different loan options available to see the EMIs and make decisions accordingly.

Easy and Convenient: The MSME EMI business loan calculator is easy to use and convenient; you can use it anywhere and anytime. You can opt for the MSME loan with the lowest EMIs.

No Errors: With the EMI calculator MSME loan, you can get accurate results without any errors and can offer quick repayment EMIS.

Simplifies Loan Planning: With this online MSME calculator loan, you can calculate your EMI, manage your budget and avoid financial stress. This makes it easy to balance your cash flow.