PM Mudra Loan EMI Calculator
Monthly Payment EMI
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Total Interest
₹0
Total Repayment
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The Pradhan Mantri Mudra Yojana (PMMY) provides Mudra loans to support small and micro businesses in trading, services, and manufacturing. These loans can be used to start a new business or expand an existing one.
Borrowers can get up to ₹10 lakh without any collateral. Mudra loans are divided into three categories based on the business stage:
- Shishu – up to ₹50,000
- Kishor – ₹50,001 to ₹5 lakh
- Tarun – ₹5,00,001 to ₹10 lakh
These categories allow businesses at different stages of growth to access funding suited to their needs.
How a Mudra Loan EMI Calculator Helps
A Mudra Loan EMI Calculator lets you know how much you need to pay each month. Enter the loan amount, interest rate, and tenure, and it quickly calculates your EMI. This tool helps plan monthly expenses and prevents unexpected payments.
How to Use It
- Enter Loan Amount – Up to ₹10 lakh.
- Add Interest Rate – Usually between 7.3% and 12% per year.
- Select Tenure – Usually 12 to 60 months.
- Get Results – See your EMI, total interest, and total payment.
For example, a ₹2 lakh loan at 8% interest for 12 months would have an EMI of about ₹17,398. This helps check if the loan fits your budget.
Why Use a Mudra Loan Calculator
- Save Time – Instant calculations without manual work.
- Plan with Confidence – Know exactly how much you pay each month.
- Compare Easily – Check different amounts and durations.
- Stay on Budget – EMI should be 40–50% of monthly income.
- Flexible Scenarios – Adjust interest rates or tenure to see how EMI changes.
Current Mudra Loan Interest Rates (2025)
| Bank/NBFC | Interest Rate (p.a.) |
|---|---|
| Punjab National Bank | 6.65% – 7.9% |
| UCO Bank | 7.45% onwards |
| Union Bank of India | 7.65% – 8.9% |
| Ziploan | 8% onwards |
| PSB Loans in 59 Minutes | 8.50% onwards |
| Saraswat Bank | 11.65% onwards |
| City Union Bank | 12% – 12.5% |
| Lendingkart Finance | 1% per month onwards |
Interest rates differ based on business profile and loan type, so always confirm with your lender.
Importance of Mudra Loans in 2025
Mudra loans remain a key part of India’s small business ecosystem, which continues to grow fast. The government introduced a Tarun Plus category that offers loans up to ₹20 lakh to certain borrowers.
These loans are collateral-free and usually have no processing fees. Using an EMI calculator helps select the right loan without straining finances.
Points to Remember
- Making partial payments when possible lowers the overall burden.
- Keep EMI below 40–50% of your monthly income.
- Compare interest rates from multiple banks.
- Longer repayment terms reduce EMI but increase total interest.