Finance tool

Microloan Extra Payments Calculator

Calculate interest saved and tenure reduced by making extra monthly principal payments on business microloans.

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Accelerating Micro-Enterprise Debt Clearance

Prepaying small business microloans lowers financing overhead, freeing up monthly cash flow to reinvest into inventory and operations.

Frequently Asked Questions

Are there foreclosure charges on Mudra loans?

Public sector banks do not charge foreclosure or prepayment fees on MSE microloans.

How does early loan payoff help small businesses?

Paying off microloans early establishes a strong commercial credit profile, paving the way for larger credit facilities later.

Should small businesses use surplus profit to prepay loans?

If your business earns a return on capital higher than the loan interest rate, reinvesting in inventory or expansion may be more profitable than prepaying.

Can prepayments be made directly via bank branch or UPI?

Yes. Most lenders allow borrowers to deposit surplus principal directly into their loan account via net banking or branch deposit.

How to use

Calculate in three steps

  1. 1
    Enter your valuesUse the fields above and check the units shown beside each input.
  2. 2
    Run the calculationSelect Calculate to refresh the result with your latest values.
  3. 3
    Review or shareCompare the result, reset the form, print it, or share this page.
Inputs

What you need

Current Microloan Balance₹
Interest Rate%
Current Scheduled EMI₹
Extra Monthly Prepayment₹
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