Business loan by need
Equipment & Machinery Loan EMI Calculator.
Financing tied to the useful life of the equipment — often secured by the asset itself for a better rate. See your EMI below.
₹20,00,000
11.00%
5 Yr
Monthly EMI
₹43,485
- Principal amount
- ₹20,00,000
- Total interest
- ₹6,09,100
- Total amount
- ₹26,09,100
Principal77%
Principal amount₹20,00,000
Interest amount₹6,09,100
Your Amortization Details
| Year | Principal | Interest | Balance |
|---|---|---|---|
| 1 | ₹3,17,512 | ₹2,04,308 | ₹16,82,489 |
| 2 | ₹3,54,251 | ₹1,67,569 | ₹13,28,235 |
| 3 | ₹3,95,247 | ₹1,26,573 | ₹9,32,988 |
| 4 | ₹4,40,985 | ₹80,835 | ₹4,92,003 |
| 5 | ₹4,92,004 | ₹29,804 | ₹0 |
Frequently asked questions
What is an equipment or machinery loan?
A business loan specifically for purchasing equipment, machinery, or capital goods — often secured by the equipment itself, which can get you a better rate than an unsecured working capital or general business loan.
How does tenure typically compare to a general business loan?
Equipment loan tenure is often tied to the useful life of the asset being financed — commonly 3-7 years — since lenders want the loan repaid within the equipment's productive lifespan.