Mudra Loan EMI Calculator
Your Mudra category, EMI and repayment schedule.
Set by the bank or NBFC; often linked to its lending rate.
Your result
—
Enter your numbers to see the result.
This Mudra loan EMI calculator shows the monthly EMI and total interest for a loan under Pradhan Mantri Mudra Yojana (PMMY). Enter the amount and it tells you the category: Shishu (up to ₹50,000), Kishor (up to ₹5 lakh), Tarun (up to ₹10 lakh) or Tarun Plus (up to ₹20 lakh). Rates are set by each lender, so enter the rate you are offered.
What is a Mudra Loan EMI Calculator?
Pradhan Mantri Mudra Yojana (PMMY) helps non-corporate, non-farm small businesses get loans of up to ₹20 lakh without collateral. Loans are given by banks, NBFCs, small finance banks and MFIs for manufacturing, trading and services, including allied agriculture activities.
Loans fall in four categories by size: Shishu up to ₹50,000, Kishor above ₹50,000 up to ₹5 lakh, Tarun above ₹5 lakh up to ₹10 lakh, and Tarun Plus above ₹10 lakh up to ₹20 lakh for borrowers who have successfully repaid a Tarun loan. This Mudra loan EMI calculator shows the category and EMI.
How does the Mudra Loan EMI Calculator work?
The calculator finds the category from the amount and calculates the EMI with the standard reducing-balance formula at the rate you enter. Interest rates for Mudra loans are not fixed by the scheme; each lender sets them under RBI rules.
How to use the Mudra Loan EMI Calculator step by step
- Enter the loan amount.
- Enter the interest rate your lender offers.
- Choose the tenure in months.
- Read the category and EMI.
- Check the yearly schedule.
- Download it to attach to your business plan.
Mudra Loan EMI Calculator example with real numbers
You run a tailoring unit and want ₹5 lakh to buy machines, repaid over 5 years. Your bank offers 11%.
| Example input | Value |
|---|---|
| Loan amount | ₹5,00,000 |
| Interest rate per year | 11% |
| Tenure | 60 months |
| Example output | Value |
|---|---|
| Monthly EMI | ₹10,871 |
| Mudra category | Kishor |
| Total interest | ₹1,52,273 |
| Total repayment | ₹6,52,273 |
| Tenure | 5 years |
₹5 lakh falls in the Kishor category. The Mudra loan EMI calculator shows an EMI of ₹10,871 and total interest of ₹1,52,273.
Key features of this Mudra Loan EMI Calculator
- Automatic Mudra category
- EMI and total interest
- Year-wise schedule
- Up to ₹20 lakh
- CSV download
Who should use the Mudra Loan EMI Calculator?
Who is this Mudra Loan EMI Calculator for?
- Micro and small business owners
- Self-employed tradespeople
- Women entrepreneurs and first-time borrowers
- Business advisers and bank agents
Practical use cases
- Checking EMI on a ₹5 lakh Kishor loan
- Planning a Tarun Plus loan
- Preparing a repayment plan for an application
- Comparing tenures
Key benefits
- Clear category: no confusion about limits.
- Plan EMIs: match repayment to income.
- Application-ready: schedule to attach.
- Free: no sign-up.
Tips for better results
- Apply through the Udyamimitra portal or your bank branch.
- Prepare a simple business plan and quotations for equipment.
- Register on Udyam to strengthen your application.
- Repay on time to qualify for larger loans later.
Common mistakes to avoid
- Paying agents who promise guaranteed Mudra loans.
- Taking a longer tenure than needed.
- Using business loans for personal spending.
- Ignoring processing fees some lenders charge on larger loans.
Limitations of this Mudra Loan EMI Calculator
- Rates and fees vary by lender.
- Eligibility and approval depend on the lender.
- Tarun Plus requires a repaid Tarun loan.
Mudra Loan EMI Calculator vs other ways to calculate
| Category | Loan amount | Typical use |
|---|---|---|
| Shishu | Up to ₹50,000 | Starting a tiny business |
| Kishor | ₹50,001 – ₹5 lakh | Growing an existing unit |
| Tarun | ₹5 – ₹10 lakh | Expansion |
| Tarun Plus | ₹10 – ₹20 lakh | Proven borrowers |
For larger or secured needs, compare with the business loan EMI calculator or the loan against property calculator.
Privacy and data handling
This Mudra Loan EMI Calculator runs entirely in your browser. The numbers you type are not sent to Qorico or stored on any server, and nothing is saved after you close the page. The Copy and Download buttons create the result on your own device. If the page has analytics turned on, it may count that a calculation happened, but it does not record the values you entered.
Mudra Loan EMI Calculator FAQs
What are the Mudra loan categories?
Shishu up to ₹50,000, Kishor up to ₹5 lakh, Tarun up to ₹10 lakh and Tarun Plus up to ₹20 lakh.
What is the Mudra loan interest rate?
There is no fixed rate. Each lender sets it under RBI guidelines, often linked to its lending benchmark.
Do Mudra loans need collateral?
No, Mudra loans are generally collateral-free.
Who can get a Tarun Plus loan?
Borrowers who have availed and successfully repaid a Tarun loan.
What is the EMI on a ₹5 lakh Mudra loan?
At 11% for 5 years, about ₹10,871 a month.
Where can I apply for a Mudra loan?
At banks, NBFCs, small finance banks and MFIs, or online through the Udyamimitra portal.
Related tools
Sources and references
We checked the method and the current figures used in this Mudra Loan EMI Calculator against these official and primary sources:
- PM Mudra Yojana (MUDRA)
- SIDBI: Small Industries Development Bank of India
- Udyam registration (MSME)
- Udyamimitra portal
Written and reviewed by the Qorico Team
