Effective cost of capital
The headline rate is not your true cost. Processing fees, GST, insurance and pre-payment penalty all raise the cost. This calculator's "effective cost" recomputes the rate that would make the disbursed amount equal the total cash outflow over the tenure.
MSME tip
Schemes like Mudra, Stand-Up India, PMEGP and Credit-Linked Guarantee may carry subsidised rates or interest subvention — always check eligibility before taking an open-market business loan.