Credit & Loans
Pradhan Mantri Loan Calculator
Estimate eligibility across PM Mudra, PM SVANidhi, and other PM loan schemes.
Formula
EMI = P × [r(1+r)^n] / [(1+r)^n - 1]
Loan Amount, Rate %, Tenure (months)
Results
Enter values above to see results
EMI = P × [r(1+r)^n] / [(1+r)^n - 1]
PM Mudra Yojana loans are offered by banks and NBFCs with government support. Interest rates vary from 8-15% depending on the category and lender. No collateral is required for loans up to ₹10 lakh.
PM Mudra loan of ₹5,00,000 at 8% p.a. for 5 years
Input Values
Calculation
Applying the formula with the input values above:
Results
Monthly EMI
₹10,138.00
Total Payment
₹6,08,280.00
Total Interest
₹1,08,280.00
- 1Enter the PM Mudra loan amount you need (up to ₹10 lakh, no collateral required).
- 2Input the interest rate offered by your bank or NBFC (typically 8-15% p.a.).
- 3Select your preferred loan tenure (usually 3-5 years).
- 4Mudra loans under PMMY are available at all banks and many NBFCs.
- 5The interest subsidy under PMMY is credited to your account after loan repayment.
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