Business loan EMI works the same way as other loans, but the amounts and rates vary based on whether the loan is secured or unsecured, your business vintage, and your cash flow. MSMEs and shops in Kerala can get business loans from banks and NBFCs for stock, equipment, or working capital.
Monthly EMI
₹25,846
Apply for this loanPrincipal
₹10,00,000
Total interest
₹2,40,608
| Month | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹16,679 | ₹9,167 | ₹9,83,321 |
| 2 | ₹16,832 | ₹9,014 | ₹9,66,489 |
| 3 | ₹16,987 | ₹8,859 | ₹9,49,502 |
| 4 | ₹17,142 | ₹8,704 | ₹9,32,360 |
| 5 | ₹17,299 | ₹8,547 | ₹9,15,061 |
| 6 | ₹17,458 | ₹8,388 | ₹8,97,603 |
Rates shown are indicative only. Starting rates are guides; final interest, fees, and approval are set by the lending institution.
Same formula as other loans: reducing-balance EMI based on principal, rate, and tenure. The key difference is that lenders assess your business cash flow, not just personal income, to decide the loan amount and rate.
Yes, many lenders offer unsecured business loans up to 40 lakh based on your business turnover and credit score. Rates are higher than secured loans. Government schemes like CGTMSE also provide collateral-free coverage for eligible MSMEs.
Business loan rates in India range from 11% to 24% depending on your profile. If you have good turnover and credit, expect 11 to 15%. New businesses or those with lower credit scores may see 16% and above.
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