Business Loan EMI Calculator - Calculate Payments
Calculate monthly payments for business loans. Plan your working capital and term loan repayments.
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About Business Loan Calculator
Business Loan Without Collateral (MSME & CGTMSE Guide 2026)
EMICalcPro's Business Loan Calculator helps micro, small, and medium enterprise (MSME) owners, startup founders, and traders calculate their monthly repayment EMI, total interest cost, and debt service coverage ratio (DSCR).
Government Collateral-Free Business Loan Schemes
- CGTMSE Scheme: Provides credit guarantee up to ₹5 Crore for micro and small enterprises without requiring third-party guarantee or immovable property collateral.
- Pradhan Mantri Mudra Yojana (PMMY): Unsecured business loans divided into Shishu (up to ₹50K), Kishore (₹50K to ₹5L), and Tarun (up to ₹10L - ₹20L) for small business expansion and machinery purchase.
- Bank Working Capital Limits (Cash Credit / Overdraft): Helps businesses manage daily inventory cycles and vendor receivables at competitive lending rates.
Frequently Asked Questions
Can I get a business loan without collateral in India?
Yes! Under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), eligible MSMEs can secure collateral-free business loans up to ₹5 Crore from participating banks and NBFCs. Furthermore, the Pradhan Mantri Mudra Yojana (PMMY) provides collateral-free loans up to ₹10-20 Lakhs under the Tarun category.
What is the interest rate for an unsecured business loan?
Interest rates for unsecured business loans typically range from 9.75% to 15.50% depending on the enterprise annual turnover, vintage (typically 2-3 years), GST returns filing regularity, and promoter CIBIL score.
What documents are required for an MSME business loan without collateral?
Essential documents include PAN, Aadhaar, Udyam Registration Certificate, last 12 months bank statements, 2 years ITR with audited balance sheet & P&L, and GST return filings (GSTR-3B).