Mudra Loan EMI Calculator
This Mudra loan EMI calculator shows the monthly instalment on a Pradhan Mantri MUDRA Yojana (PMMY) loan of up to ₹20 lakh for a small, non-farm business. Pick your Mudra category, enter the amount, the rate your bank quotes and the tenure to see the EMI, total interest and full repayment schedule.
On this page
Calculator and results
A Kishor Mudra loan of ₹3,00,000 at 10% over 3 years has an EMI of ₹9,680 and costs ₹48,487 in total interest.
Mudra category
Kishor: ₹50,001 to ₹5,00,000.
Mudra has no single rate: the lending bank sets it under RBI guidelines. Use the rate your bank quotes.
The bank sets the repayment period for your loan.
Monthly EMI
₹9,680
for 3 years
Loan amount
₹3,00,000
Kishor
Total interest
₹48,487
Total payment
₹3,48,487
Principal vs interest
- Principal
- 86.1%
- ₹3,00,000
- Total interest
- 13.9%
- ₹48,487
Amortisation Schedule
How each instalment splits between interest and principal over time.
Saved scenarios stay in this browser only. No sign-up.
Monthly EMI
₹9,680
- What it is:
- An EMI calculator for Pradhan Mantri MUDRA Yojana (PMMY) loans across the Shishu, Kishor, Tarun and Tarun Plus categories.
- What it calculates:
- The monthly EMI, total interest, total repayment and the month-by-month schedule for a Mudra term loan within the chosen category's limit.
Key Assumptions
- The interest rate is the one you enter; PMMY has no single rate.
- The loan is a term loan repaid in equal monthly instalments on a reducing balance, with no moratorium.
- Processing fees and other charges are excluded.
How does the Mudra Loan EMI Calculator work?
PMMY groups loans into four categories by amount: Shishu up to ₹50,000, Kishor from ₹50,001 to ₹5 lakh, Tarun from ₹5 lakh to ₹10 lakh, and Tarun Plus from ₹10 lakh to ₹20 lakh. Tarun Plus was added after the Union Budget 2024 for entrepreneurs who have taken and successfully repaid a Tarun loan. The calculator keeps the amount inside the category you pick.
Mudra loans are for income-generating, non-farm micro and small enterprises in manufacturing, trading and services, including activities allied to agriculture. They are given by member lending institutions such as banks, NBFCs and microfinance institutions, not by MUDRA directly.
There is no single Mudra interest rate. The lending bank sets it under RBI guidelines, based on its own policy and your profile, so enter the rate your bank quotes. The 10% default is only an assumption for the calculator.
PMMY loans do not require collateral. Many banks also waive the processing fee on Shishu loans; check with your bank, since charges on larger loans vary by lender.
Repayment is worked out as a standard reducing-balance EMI. If your bank sanctions the loan as an overdraft or with a moratorium period, your actual repayments will follow that structure instead.
Worked example: a ₹5,00,000 Kishor loan at an assumed 10% for 5 years has an EMI of ₹10,624 and total interest of ₹1,37,403. A ₹10,00,000 Tarun loan on the same terms is ₹21,247 a month, and a ₹20,00,000 Tarun Plus loan ₹42,494 a month. A ₹50,000 Shishu loan over 2 years is ₹2,307 a month.
To apply, approach a bank, small finance bank, NBFC or microfinance institution with your business plan, KYC and quotations for what you will buy. Mudra loans have no collateral; lenders are covered by a government credit guarantee instead. If you need more than ₹20 lakh, compare a regular Business Loan EMI or a Loan Against Property.
Mudra loan EMI at 10% by category and tenure
| Category and amount | 2 years | 3 years | 5 years | 7 years |
|---|---|---|---|---|
| Shishu: ₹50,000 | ₹2,307 | ₹1,613 | ₹1,062 | ₹830 |
| Kishor: ₹5,00,000 | ₹23,072 | ₹16,134 | ₹10,624 | ₹8,301 |
| Tarun: ₹10,00,000 | ₹46,145 | ₹32,267 | ₹21,247 | ₹16,601 |
| Tarun Plus: ₹20,00,000 | ₹92,290 | ₹64,534 | ₹42,494 | ₹33,202 |
Monthly EMI on a reducing balance at an assumed 10% a year; your bank sets the actual rate. Each row uses the top of the category.
Mudra Loan EMI Calculator formula
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1)
- P
- = Mudra loan amount, within the category's range
- r
- = monthly interest rate = annual rate / 12 / 100
- n
- = tenure in months
Total interest = EMI x n - P. At 0% the EMI is simply P / n.
Mudra Loan EMI Calculator: worked example
A Kishor loan of ₹3,00,000 at an assumed 10% for 3 years
- Category
- Kishor (₹50,001 to ₹5,00,000)
- Loan amount
- ₹3,00,000
- Interest rate
- 10% a year (assumed)
- Tenure
- 3 years
- Monthly EMI
- ₹9,680
- Total interest
- ₹48,487
- Total payment
- ₹3,48,487
Mudra Loan EMI Calculator: frequently asked questions
What are the Mudra loan categories and limits?
What is the interest rate on a Mudra loan?
Do I need collateral for a Mudra loan?
Is there a processing fee on Mudra loans?
Who can apply for a Mudra loan?
Can I use this calculator for a Mudra overdraft?
What is the EMI on a ₹10 lakh Mudra loan?
Further reading
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
What a lump-sum prepayment does to an Indian loan, the choice between cutting the tenure and cutting the EMI, and when it is worth doing at all.
Authoritative Sources
- MUDRA - Pradhan Mantri MUDRA Yojana (official site)· verified 21 October 2026
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Reviewed by Pradipta Ray, MBA (Finance) · Updated