A stronger business loan file.
Understand the lender’s questions before your application reaches the credit desk.
KarobarUdhar Tool
Business Loan EMI Calculator
Calculate your monthly EMI, see the full interest cost, and understand what a better rate actually saves your business.
Loan Details
Loan Amount
Interest Rate (% per year)
Loan Tenure (months)
Your EMI Summary
Monthly EMI
Rs.34,665
Total Interest
Rs.2,47,952
24.8% of loan amount
Total Payable
Rs.12,47,952
Over 3 yr
Principal vs Interest Breakdown
Principal
Rs.10,00,000
Total interest cost (19.9%)
Rs.2,47,952
Total payable
Rs.12,47,952
How Interest Rate Affects Your Cost
Even 2-3% difference in rate adds up significantly over the full loan. Use this table when comparing lenders.
| Rate | Monthly EMI | Total Interest | vs your rate |
|---|---|---|---|
| 12% | Rs.33,214 | Rs.1,95,715 | Save Rs.52,237 |
| 13% | Rs.33,694 | Rs.2,12,982 | Save Rs.34,970 |
| 14% | Rs.34,178 | Rs.2,30,395 | Save Rs.17,557 |
| 15% | Rs.34,665 | Rs.2,47,952 | Your rate |
| 16% | Rs.35,157 | Rs.2,65,653 | +Rs.17,701 |
| 17% | Rs.35,653 | Rs.2,83,498 | +Rs.35,546 |
| 18% | Rs.36,152 | Rs.3,01,486 | +Rs.53,534 |
KarobarUdhar Insider Tip
Many lenders quote a "flat rate" during early conversations. A flat rate of 10% is not the same as the reducing balance rate used above. A flat rate of 10% is roughly equivalent to a reducing balance rate of 18-19%. This calculator uses reducing balance - the correct method. Before signing, always ask your lender: "Is this a flat rate or a reducing balance rate?" If they hesitate to answer, treat it as a flat rate.
Disclaimer
All calculations use the reducing balance method and are for illustration only. Actual EMI may vary based on your lender's specific calculation methodology, processing fees, GST on charges, and disbursement date. Rates shown in the comparison table are indicative - your actual rate depends on your business profile, CIBIL score, vintage, and the lender. KarobarUdhar is an independent educational platform and is not a lender, NBFC, or financial advisor.
Guidance by stage
Before you apply
- Business Loan for a Kirana or Retail Shop: What Lenders Actually Look At
- The Personal Guarantee You Signed: What It Actually Binds You To
- What an Underwriter Sees in Your Business Bank Statement That You Do Not
- How Credit Teams Actually Read Your GST Returns Before Sanctioning a Business Loan
- Business Loan for Restaurants and F&B - Industry-Specific Playbook
- Business Credit Score (CMR) Explained - How CIBIL's MSME Rank Actually Works
- Udyam Registration Guide 2026 - Why 62 Percent of Rejections Trace Back Here
- How Long Does a Business Loan Take to Disburse in India?
- Your First Business Loan: What You Actually Need to Know
- Business Loan Documents Required in India: The Complete Checklist (2026)
- Business Loan Rejected? The Real Reasons Banks Say No (and How to Fix Them)
- CIBIL Score and Business Loans 2026 - What Lenders Actually Look At
- MSME Loan Guide 2026 - The Most Comprehensive Guide for Indian Businesses
Choosing a lender
- Machinery Loan, Lease, or Term Loan: Which One Actually Costs You Less
- Banks Cannot Ask You for Collateral on MSE Loans Up to Rs.20 Lakh: The 2026 RBI Rule
- Instant Business Loan Apps 2026 - Honest Comparison of Lendingkart, FlexiLoans, and Indifi
- New Co-Lending Rules 2026 - What Bank-NBFC Partnerships Mean for Your Business Loan
- PSB Loans in 59 Minutes - The Practitioner's Guide to Actual Approval
- 5 Best Websites to Learn About Business Loans in India (2026)
- Business Loan vs Loan Against Property 2026 - Which One Should You Take
After you borrow
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- AI Tools for Chartered Accountants Serving Business Clients
- Using AI to Prepare CMA Reports: A Practical Guide for CAs and Accountants
- How to Fill Your Bank's Credit Analysis Document Using AI
Business loan rates and costs
| Lender | Published rate | Processing fee | Maximum ticket | Maximum term | Verified |
|---|---|---|---|---|---|
| HDFC Bank | 10.75% to 22.50% | Up to 2% + GST | Rs.75 lakh; Rs.1 crore in select locations | 48 months | 2026-09-08 |
| ICICI Bank | Profile based | Disclosed with the offer | Profile based | Not published | 2026-09-08 |
| Axis Bank | Profile based | Up to 2% + GST | Profile based | Not published | 2026-09-08 |
| SBI ABL Saral | 7.50% onwards; EBR or MCLR linked | Up to 0.65% | Rs.5 crore | 180 months | 2026-09-08 |
| Bajaj Finserv | 14% to 23% | Up to 4.72% incl. taxes | Rs.80 lakh | 96 months | 2026-09-08 |
| Lendingkart | 13.5% onwards | Up to 4% | Rs.50 lakh | 36 months | 2026-09-08 |
| FlexiLoans | 1% per month onwards | 2% to 3% | Rs.50 lakh | 42 months | 2026-09-08 |
| Indifi | 1.5% per month onwards | Up to 4% | Rs.50 lakh | 36 months | 2026-09-08 |