EMI on a ₹10 lakh business loan
The table shows the monthly EMI on ₹10 lakh at a few illustrative interest rates and tenures, worked out with the standard reducing-balance formula.
| Tenure | EMI at 14% | EMI at 18% | EMI at 22% |
|---|---|---|---|
| 12 months | ₹89,787 | ₹91,680 | ₹93,594 |
| 24 months | ₹48,013 | ₹49,924 | ₹51,878 |
| 36 months | ₹34,178 | ₹36,152 | ₹38,190 |
| 48 months | ₹27,326 | ₹29,375 | ₹31,506 |
| 60 months | ₹23,268 | ₹25,393 | ₹27,619 |
At 18%, choosing 60 months instead of 12 lowers the EMI but raises the total interest from about ₹1,00,160 to about ₹5,23,606. The rates here are examples only; your rate depends on the lender and your profile. Try other numbers in the calculator below or read how EMI is calculated.
Who borrows ₹10 lakh
₹10 lakh often funds working capital for a busy season, a machine, or the fit-out of a second shop or outlet.
What to watch at ₹10 lakh
Under Mudra, Tarun covers ₹5 lakh to ₹10 lakh. Outside Mudra, lenders look closely at GST returns and banking: regular credits and few bounced cheques help. Udyam registration is free and helps you count as an MSME. For seasonal stock, a working capital loan may fit better than a term loan.
₹10 lakh compared with nearby amounts
At an illustrative 18% for 36 months:
| Amount | EMI | Total interest |
|---|---|---|
| ₹5 lakh | ₹18,076 | ₹1,50,743 |
| ₹10 lakh (this page) | ₹36,152 | ₹3,01,486 |
| ₹20 lakh | ₹72,305 | ₹6,02,972 |
Eligibility
Lenders look at business vintage, turnover, banking history, GST and ITR filings, existing debt and the owner's credit record. The EMI of about ₹36,152 (18%, 36 months) should fit comfortably within the business's monthly surplus, including in slow months. See business loan eligibility.
Documents and how to apply
You'll usually need PAN and KYC of the owner and business, business proof (Udyam, GST, licence or incorporation documents), ITR or financials and 6 to 12 months of bank statements — see the documents checklist. With Oxon Fintech you fill in one short application, share bank statements digitally through Account Aggregator with your consent, and see the offers from our lending partners that fit your profile. Read the lender's Key Fact Statement before you accept; the lender pays the money into your bank account.