EMI (Equated Monthly Instalment) is the fixed amount you repay each month on your machinery or equipment loan. It combines a portion of the principal and the interest, so the amount stays the same every month while the split between principal and interest changes over the tenure. This makes it easy to budget and plan your business cash flow.

Set your loan amount, tenure, and interest rate using the sliders or by typing a value. The calculator instantly applies the reducing-balance EMI formula and shows your monthly EMI, total interest, total amount payable, and a year-wise repayment schedule. You can adjust any input to compare scenarios before applying.

Protium’s equipment and machinery finance ranges from ₹10 Lakh to ₹300 Lakh, with repayment tenures of 12 to 60 months and funding of up to 85% of the asset cost. First charge is taken only on the machinery being funded. Final terms depend on your eligibility and business profile.

No — the interest rate in the calculator is an indicative figure you can adjust to model different scenarios. Your actual rate is determined at the time of sanction based on your business profile, credit assessment, and the machinery being financed. Use the calculator for planning, and confirm final terms with Protium during your application.

The EMI here reflects only principal and interest. Processing fees, applicable taxes, and any other charges are not included in this calculation and will be shared during the loan sanction process. Always refer to your sanction letter and loan agreement for the exact, binding figures.

It removes guesswork and manual errors: you can instantly see how changing the loan amount, tenure, or rate affects your monthly outgo. This helps you choose an EMI that fits your cash flow, compare options, and plan long-term financial commitments before committing to a loan.