Move the sliders to see your monthly EMI, the interest you pay over the tenure and the total you repay.
Your monthly EMI
₹1,41,701
Indicative only. Your final rate depends on the lender's assessment of your business.
An EMI (equated monthly instalment) repays a term loan in equal monthly amounts. Each EMI covers that month's interest on the outstanding principal, and the rest reduces the principal.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the tenure in months. A longer tenure means smaller EMIs but more interest in total.
Indicative only. Your final rate depends on the lender's assessment of your business, and every charge is shown in the lender's Key Fact Statement before you sign.
One disbursal for the big moves: new machinery, a second outlet, a large order. Fixed monthly EMIs, no collateral.
Processing fee 2% and insurance 1% of the loan amount, shown in your offer before you sign.
FAQs
Rates range from 14% to 22% p.a. depending on your business profile. A processing fee of 2% and insurance of 1% of the loan amount apply. All charges appear in your offer before you sign.
Pick a term loan for a one-time need like machinery or expansion. Pick an overdraft for recurring working-capital needs, since you pay interest only on what you draw.
Once your documents are complete, you typically hear back within 24–48 hours.
Apply in 2 minutes. Collateral-free funding up to ₹2 Cr, with a decision in 24–48 hours.
