As an MSME owner, every penny is crucial for you. Since your business is still in its growing stage, you need to be diligent with your financial choices. Hence, before applying for an MSME loan, you must make sure that its EMIs are affordable and do not disrupt your financial cycle. Calculating your MSME loan EMIs in advance enables you to plan your loan repayment better.
EMIs, or Equated Monthly Instalments, refer to the amount you need to pay to your lender every month to repay your SME business loan. They depend on three basic factors: