Calculate your exact monthly EMI, total interest, and year-wise repayment schedule for any business loan. Use these figures directly in your project report's repayment schedule.
Typical Interest Rates (2026)
Enter loan details to calculate your monthly EMI
The year-wise EMI table above goes directly into your project report's loan repayment schedule. Banks want to see annual principal and interest separately.
Annual principal repayment and interest from the EMI schedule are the denominator in your DSCR calculation. DSCR = (PAT + Dep + Interest) ÷ (Principal + Interest).
Annual principal repayment is a cash outflow under financing activities. Interest appears as an expense in P&L and also in the cash flow statement.
For a ₹5 lakh MUDRA Tarun loan at 11% annual interest over 5 years: EMI ≈ ₹10,871/month. Total interest paid ≈ ₹1,52,260. Total repayment ≈ ₹6,52,260. At 10% interest, the EMI drops to ₹10,624/month. Use the calculator above to get exact figures for your specific terms.
EMI = P × r × (1+r)^n ÷ [(1+r)^n − 1]. Where P = loan principal, r = monthly interest rate (annual rate ÷ 12 ÷ 100), n = total months. Example: ₹10L loan, 10% p.a., 5 years (60 months): r = 0.1/12 = 0.00833. EMI = 10,00,000 × 0.00833 × (1.00833)^60 ÷ [(1.00833)^60 − 1] = ₹21,247/month.
Use the current base rate of the bank you are applying to. Typical 2026 rates: MUDRA Shishu/Kishor: 8.5–10%, MUDRA Tarun: 10–12%, PMEGP: 11–12%, MSME term loans (PSU banks): 9–13%. SBI MUDRA: MCLR + 1.5% (currently ~9.5%). Bank of Baroda MUDRA: ~10.5%. For your project report, use the rate quoted by the specific branch.
Yes — the EMI calculation forms the loan repayment schedule in Section 13 of your project report. The annual principal repayment and interest payments feed directly into the DSCR calculation. Cred by Fastlegal automatically generates the full repayment schedule with year-wise principal, interest, and outstanding balance when you create your project report.
Longer tenure = lower EMI = higher DSCR (easier loan approval). But more total interest paid. For MUDRA/PMEGP: 5–7 years is standard. For MSME term loans above ₹25L: 7–10 years. For equipment loans: useful life of the asset (usually 5–7 years). If your DSCR is marginal, extending tenure from 5 to 7 years can often push it above the 1.25 threshold.
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