What is MSME Loan EMI?
MSME loans fund working capital, equipment purchase or business expansion for Micro, Small and Medium Enterprises. Options include term loans, PSB Loans in 59 Minutes (up to ₹5 crore), CGTMSE-backed collateral-free loans (up to ₹5 crore) and SIDBI schemes.
Formula
The standard amortizing EMI formula:
EMI = P × r × (1 + r)^n / [(1 + r)^n − 1] P = loan principal r = monthly interest rate (annual ÷ 12 ÷ 100) n = tenure in months
How to use this calculator
Enter your loan amount, negotiated interest rate (typically 9-16% depending on scheme and profile) and tenure. Working-capital limits (CC/OD) charge interest only on drawn amount — use this tool for term loans only.