EMI on a ₹15 lakh Business Loan (Oct 2026)
Reducing-balance method, monthly compounding. Rate shown is indicative: confirm the live rate with your lender.
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*Monthly take-home needed if EMI is capped at 50% of income.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| Year 1 | ₹4,27,581 | ₹1,96,395 | ₹10,72,419 |
| Year 2 | ₹4,96,317 | ₹1,27,659 | ₹5,76,102 |
| Year 3 | ₹5,76,102 | ₹47,874 | ₹0 |
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₹15 lakh business loan EMI by interest rate and tenure
Monthly EMI in rupees for a ₹15 lakh business loan (indicative rates 11%–24%).
| Tenure | 11% | 13% | 15% | 17% | 19% |
|---|---|---|---|---|---|
| 1 year | ₹1,32,572 | ₹1,33,976 | ₹1,35,387 | ₹1,36,807 | ₹1,38,235 |
| 2 years | ₹69,912 | ₹71,313 | ₹72,730 | ₹74,163 | ₹75,613 |
| 3 years | ₹49,108 | ₹50,541 | ₹51,998 | ₹53,479 | ₹54,984 |
| 4 years | ₹38,768 | ₹40,241 | ₹41,746 | ₹43,283 | ₹44,850 |
| 5 years | ₹32,614 | ₹34,130 | ₹35,685 | ₹37,279 | ₹38,911 |
What the ₹51,998 EMI really costs
Over 3 years you pay ₹18,71,928 for a ₹15 lakh loan, which is 1.25 times the amount borrowed. If you stretch the loan to 7 years, the EMI falls to ₹28,945 but you pay ₹9,31,391 in interest, ₹5,59,463 more than the 3-year plan.
Outstanding balance over time
| After | Balance left | Interest paid so far |
|---|---|---|
| Year 1 | ₹10,72,419 | ₹1,96,395 |
| Year 2 | ₹5,76,102 | ₹3,24,054 |
| Year 3 | ₹0 | ₹3,71,928 |
How to pay less interest
- Pay ₹5,000 extra every month: saves about ₹41,513 and finishes 3 months early.
- Get a 14% rate instead of 15%: the EMI drops to ₹51,266.
- Match the loan to the need: term loans for equipment, working-capital lines for day-to-day cash.
Frequently asked questions
What is the EMI on a ₹15 lakh business loan?
At 15% for 3 years, the EMI on a ₹15 lakh business loan is ₹51,998 per month. Total interest is ₹3,71,928 and total repayment is ₹18,71,928.
How much salary do I need for a ₹15 lakh business loan?
If lenders cap total EMIs at 50% of take-home pay, you need about ₹1,03,996 a month net income for an EMI of ₹51,998. With a 40% cap, you need about ₹1,29,995.
How can I reduce the EMI on a ₹15 lakh business loan?
A 1% lower rate (14%) cuts the EMI to ₹51,266, saving ₹732 a month. Extending the tenure to 7 years lowers it to ₹28,945, but total interest rises to ₹9,31,391.
Does prepaying help on a ₹15 lakh business loan?
Yes. Paying ₹5,000 extra every month saves about ₹41,513 in interest and cuts the loan by about 3 months.
Other business loan amounts
Related guides
Use the full business loan EMI calculator for any amount, or read how we calculate.