Mudra EMI Calculator Pro
Pradhan Mantri Mudra Yojana (PMMY) Loan EMI Calculator
Calculate your Mudra loan EMI with subsidy benefits, moratorium options, and detailed repayment schedule for Shishu, Kishor & Tarun loan categories.
Select Mudra Loan Category
Shishu
Up to ₹50,000
For new entrepreneurs and micro units
Kishor
₹50,001 – ₹5 Lakh
For established businesses needing expansion
Tarun
₹5 Lakh – ₹10 Lakh
For larger business development
Pro Tip:
First-time women entrepreneurs and SC/ST entrepreneurs may be eligible for additional interest subsidy under the Mudra scheme.
Enter Loan Details
Select amount based on Mudra category limits
Includes potential Mudra subsidy benefits
Include Interest Subsidy
Eligible entrepreneurs may get 1-3% subsidy
Mudra loans typically have 3-5 year tenure
Moratorium Period
Optional EMI holiday at the beginning
During moratorium, interest accrues but EMI payments are paused. Perfect for new businesses needing time to generate revenue.
Mudra Loan Pro Features & Tips
Collateral-Free Loans
Mudra loans up to ₹10 lakh are collateral-free under Credit Guarantee Scheme.
Women Entrepreneurs
Women entrepreneurs get priority and may receive additional 0.25% interest subsidy.
Bank Linkage
Mudra loans are disbursed through 200+ banks and financial institutions across India.
Quick Processing
Most Mudra loans are processed within 15-20 days of application submission.
Smart Repayment Strategies
Prepay When Possible
Mudra loans have no prepayment penalties. Make extra payments when business is profitable to reduce interest burden.
Align with Cash Flow
Choose EMI dates that match your business revenue cycle (e.g., after month-end when receivables are collected).
Your Mudra EMI Summary
Including subsidy benefits
Monthly EMI Payment
Total Interest
Total Payment
Interest Rate
Moratorium
Subsidy Savings
With Mudra Subsidy: Total interest: ₹11,500
Without Subsidy: Total interest: ₹15,000
Total Savings: ₹3,500
Yearly Repayment Summary
| Year | Principal | Interest | Total |
|---|
Calculate Your Mudra EMI
Enter your Mudra loan details to see personalized EMI calculations with subsidy benefits and repayment schedule.
Mudra Scheme Benefits
- Collateral-free loans up to ₹10 lakh
- Interest rate subsidy for eligible entrepreneurs
- Priority sector lending benefits
- Credit guarantee cover through CGTMSE
- Women entrepreneurs get special preference
- Moratorium period available
Mudra Helpline
1800-11-0001 • mudracustomer@sidbi.in
Eligibility & Disclaimer
Basic Eligibility:
- Indian citizen above 18 years
- Non-farm income generating activity
- Business turnover within specified limits
- Good credit history (preferred)
Important Disclaimer:
This calculator provides approximate values for educational purposes. Actual Mudra loan terms, interest rates, and subsidies may vary based on the lending institution, applicant profile, and government policies. Always consult with your bank or financial advisor before applying.
Complete Guide to Pradhan Mantri Mudra Yojana (PMMY) Loans: EMI Calculator, Benefits & How to Apply
The Pradhan Mantri Mudra Yojana (PMMY) is a flagship scheme launched by the Government of India to provide financial support to micro and small enterprises. This comprehensive guide explains everything about Mudra loans, including how to calculate EMIs, eligibility criteria, benefits, and application process.
What is Mudra Loan?
Mudra stands for Micro Units Development & Refinance Agency Ltd., a financial institution set up by the Government of India for development and refinancing of micro units. The primary objective is to provide funding to non-corporate, non-farm small/micro enterprises through various financial institutions.
Three Categories of Mudra Loans
| Category | Loan Amount | Target Beneficiaries | Interest Rate Range |
|---|---|---|---|
| Shishu | Up to ₹50,000 | New entrepreneurs, small vendors, shopkeepers | 7-12% p.a. |
| Kishor | ₹50,001 to ₹5,00,000 | Established businesses needing expansion | 9-14% p.a. |
| Tarun | ₹5,00,001 to ₹10,00,000 | Larger business development needs | 11-16% p.a. |
How Mudra EMI is Calculated
The EMI for Mudra loans is calculated using the reducing balance method. The formula used is:
EMI = P × r × (1+r)^n / ((1+r)^n – 1)
Where P = Principal loan amount, r = Monthly interest rate, n = Loan tenure in months
Special Features of Mudra Loans
1. Collateral-Free
Loans up to ₹10 lakh don’t require any collateral or third-party guarantee under the Credit Guarantee Fund Scheme.
2. Interest Subsidy
Eligible entrepreneurs (women, SC/ST, first-generation) may receive interest subsidy of 1-3%.
3. Moratorium Period
Many lenders offer 3-6 months moratorium where only interest is payable, giving time for business setup.
4. Flexible Repayment
Repayment tenure from 3 to 7 years with options for monthly, quarterly, or half-yearly installments.
How to Apply for Mudra Loan
- Choose Your Category: Determine if you fall under Shishu, Kishor, or Tarun based on loan requirement
- Prepare Documents: Business proof, identity proof, address proof, and business plan
- Select Lender: Approach any of the 200+ Mudra partner banks or financial institutions
- Submit Application: Fill the application form with required documents
- Processing: Most applications are processed within 15-20 working days
- Disbursement: Loan amount is disbursed directly to your bank account
Tips for Successful Mudra Loan Application
Pro Tip: Use the Mudra EMI Calculator Pro above to determine the exact EMI you can afford before applying. This helps in selecting the right loan amount and tenure that matches your business cash flow.
- Clear Business Plan: Prepare a simple but clear business plan showing revenue projections
- Good Credit Score: Maintain a credit score above 700 for better approval chances
- Proper Documentation: Ensure all KYC and business documents are updated and valid
- Existing Bank Relationship: Apply through your existing bank for faster processing
- Women Entrepreneurs: Highlight if you’re a women entrepreneur for preferential treatment
Common Mistakes to Avoid
- Applying for higher loan amount than business actually needs
- Not checking eligibility for interest subsidy schemes
- Choosing longer tenure without considering total interest cost
- Not utilizing moratorium period when business needs time to generate cash flow
Final Recommendation
Mudra loans are excellent financial tools for micro and small entrepreneurs in India. Before applying, use the Mudra EMI Calculator Pro to understand your repayment capacity. Always remember that while the loan provides capital, your business success depends on proper planning, execution, and market understanding. Consult with your bank representative and consider seeking guidance from MSME development centers for maximum benefit.
© 2023 Mudra EMI Calculator Pro. This is an independent financial education tool.
Mudra® and PMMY® are Government of India initiatives. This tool is not affiliated with any government body.