| Month | Payment Date | EMI | Principal | Interest | Balance |
|---|
Securing the right business financing can accelerate your growth, but understanding the true cost is crucial. Our comprehensive business loan calculator helps you estimate EMIs, compare lenders, and plan repayments effectively for your enterprise.
Short-term financing (3-24 months) for daily operations, inventory, or receivables. Interest rates start at 11% with quick disbursal in 2-5 days.
Purchase machinery/equipment with the asset as collateral. Tenure matches equipment lifespan (3-7 years). Rates start at 9.5% with 20-30% margin.
Long-term loans (5-15 years) for buying/renovating business premises. Requires property as collateral. Rates from 8.75% with ₹50L+ loan amounts.
Quick financing (₹1L-₹50L) without collateral. Higher interest (14-24%) and shorter tenure (1-3 years). Disbursal within 72 hours for eligible businesses.
Special programs for new ventures (less than 2 years) with innovative models. Typically requires strong founder credentials. Rates vary (15-28%).
Get 70-90% of invoice value immediately. Repay when customer pays. Fees of 1-3% per month. Ideal for businesses with long payment cycles.
| Lender Type | Interest Rate | Loan Amount | Processing Fee | Tenure |
|---|---|---|---|---|
| Public Sector Banks | 8.75% - 14.50% | Up to ₹5 crore | 0.5% - 1.5% | Up to 15 years |
| Private Banks | 10.50% - 18.00% | Up to ₹10 crore | 1% - 2% | Up to 10 years |
| NBFCs | 12.00% - 24.00% | Up to ₹2 crore | 2% - 3% | Up to 5 years |
| Digital Lenders | 14.00% - 30.00% | Up to ₹50 lakh | 3% - 5% | 3 months - 3 years |
Compare personalized business loan offers from 20+ lenders without affecting your credit score.
Q: What is the minimum turnover required for a business loan?
A: Most lenders require ₹10-15 lakh annual turnover for small business loans. For larger loans (₹50L+), ₹1 crore+ turnover is typically needed.
Q: Can I get a business loan with a 600 credit score?
A: Possible through NBFCs but at higher rates (18-30%). Improve your score above 700 for better terms. Some lenders consider business cash flow over personal credit.
Q: How much loan can I get against my business property?
A: Typically 50-70% of property value. For example, a ₹1 crore property could secure ₹50-70 lakh loan depending on location and valuation.
Q: Are there any government business loan schemes?
A: Yes, like MUDRA loans (up to ₹10L), CGTMSE (collateral-free loans), and PM SVANidhi for street vendors. Rates start at 7% with subsidies.
Q: What's the difference between EMI and OD facility?
A: Term loans have fixed EMIs while Overdraft allows flexible withdrawals/repayments. OD has higher rates but you pay interest only on utilized amount.
Business loan interest is fully deductible as a business expense under Section 37(1) of Income Tax Act. Principal repayment of term loans isn't deductible, except for home loans taken for business premises. Keep these records: