Credit & Loans
Mudra Loan Calculator
Estimate eligibility and loan amount under the Pradhan Mantri Mudra Yojana for MSMEs.
Formula
EMI with interest subsidy under Mudra Yojana
Loan Amount, Rate %, Tenure (months)
Results
Enter values above to see results
EMI with interest subsidy under Mudra Yojana
Mudra Yojana offers loans up to ₹10 lakh to micro and small enterprises without collateral. Interest rates vary by the three categories: Shishu (up to ₹50,000), Kishore (₹50,000-5 lakh), and Tarun (₹5-10 lakh).
Mudra loan of ₹5,00,000 at 10% p.a. for 5 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Monthly EMI
₹10,623.00
Total Payment
₹6,37,380.00
Interest Subsidy
₹0.00
- 1Enter the Mudra loan amount you need (Shishu: up to ₹50K, Kishore: ₹50K-5L, Tarun: ₹5-10L).
- 2Input the applicable interest rate (varies by category and lender, typically 8-15%).
- 3Select the loan tenure (typically 3-5 years depending on the amount).
- 4Mudra loans do not require collateral under the scheme guidelines.
- 5Check with your bank or NBFC for the specific rate based on your business category.
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