Sleet
Free tool

Business Loan EMI Calculator

See your monthly EMI and total interest before you borrow

Free No signup GST ready
What this calculator does

Calculate the monthly EMI, total interest, effective rate with processing fee, prepayment savings and a full payment schedule for a business loan.

1

Loan details

2

Processing fee

· Optional

18% GST on the fee is added automatically. Set to 0 if there is no fee.

3

Prepayment

· Optional

Prepayments reduce the principal so the loan closes earlier and costs less interest. Check your lender's prepayment charges.

Good to know

  • EMI is calculated on a reducing-balance basis — interest is charged only on the outstanding principal each month.
  • A longer tenure lowers your EMI but increases the total interest paid over the life of the loan.
  • The effective rate (APR) also counts the processing fee and its GST, so it is the better figure for comparing lenders.
  • Actual EMI may vary slightly with the disbursal date, rounding method and any insurance or other charges your lender adds.

Results

Monthly EMI

₹33,214

Over 3 yrs at 12% p.a.

Principal

₹10,00,000

Total interest

₹1,95,715

Total repayment

₹11,95,715

Effective rate (APR)

12.83%

incl. processing fee

Principal 84% Interest 16%

Outstanding balance

Month 1Month 36
Processing fee₹10,000
GST on fee (18%)₹1,800
Total cost of loan₹2,07,515

Interest plus fee and GST, over and above the principal.

Estimate only. Confirm the exact EMI, processing fees, insurance and prepayment terms with your lender before taking a loan. Tenure is limited to 40 years.

How it works

How this tool works

Enter the loan amount, annual interest rate, and tenure, and optionally a processing fee and prepayments. The EMI is calculated on a reducing-balance basis, with total interest, the effective rate including fees, how much a prepayment saves, and a year-wise and month-wise repayment schedule.

Questions

Business Loan EMI Calculator: FAQs

This uses the reducing balance method, which is how nearly all bank and NBFC business loans in India are structured — interest is charged only on the outstanding principal.

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