🧮 Lakhpati Didi Loan EMI Calculator 2026
Plan your business journey with our Lakhpati Didi Loan EMI Calculator. Unlike regular loans, SHG loans under this scheme often come with 0% interest (interest subvention) or very low interest rates (7%). Use this tool to check your monthly installment.
%
Yr
Monthly
EMI
₹2,778
Principal Amount
₹1,00,000
Total Interest
₹0
Total Amount Payable
₹1,00,000
Repayment Schedule (Available Balance)
| Year | Principal (A) | Interest (B) | Total Payment (A+B) | Balance |
|---|
📊 How to use this Calculator?
- Loan Amount: Enter the amount you need. Under Lakhpati Didi Yojana, you can get up to ₹5 Lakh.
- Interest Rate:
- Set to 0% if eligible for full interest subvention.
- Set to 7% for standard SHG loans (Day-NRLM norm).
- Set to 4% if prompt repayment incentive applies.
- Tenure: Typical SHG loans are for 3 to 5 years (36 to 60 months).
❓ Frequently Asked Questions (FAQ)
Does Lakhpati Didi scheme have 0% interest?
Yes, under the scheme, the government provides interest subvention (subsidy).
Effectively, SHG women often pay 0% interest on loans up to ₹5 Lakh if
repaid on time.
What is the formula for EMI Calculation?
E = P x R x (1+R)^N / [(1+R)^N-1]
- E is EMI
- P is Principal Amount
- R is Interest Rate per month
- N is Number of months
If Interest Rate is 0%, EMI = P / N