Rytvae Consulting · Think Right · Invest Right
Equipment Loan Calculator
Result
Chart
Show formula & working
Loan = (Equipment cost + other costs) × (1 − margin)
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = loan amount, r = annual interest rate ÷ 12 ÷ 100, n = number of monthly instalments. Interest each month = balance at the start of the month × r; the rest of the EMI repays principal.Details
GST on loan processing and similar fees: rates and rules as of 28-Oct-2026 · Source: GST rate schedule for services, heading 9971 (CGST 9% + SGST 9%); CBIC Circular 218/12/2024-GST on processing fees. Every figure based on it stays editable.
How this works
The business brings in a share of the cost as margin money; the lender finances the rest, secured by the equipment itself.
A longer tenure lowers the EMI but should not run past the equipment's useful life.
Frequently asked questions
Is GST financed?
Usually not, where the business can claim input tax credit on the equipment. Check with your lender.
Can a moratorium be given?
For new machinery that takes time to install, lenders sometimes allow a short moratorium. The Term Loan Repayment calculator models it.
Planning business borrowing?
Structure, tenure and the right lender matter as much as the rate. Talk to Rytvae before you apply.