SBI Mudra EMI Calculator Pro
State Bank of India – Pradhan Mantri Mudra Yojana
Calculate your SBI Mudra loan EMI with SBI-specific interest rates, processing fees, and special SBI benefits. Get detailed repayment schedule for Shishu, Kishor & Tarun loan categories.
SBI Mudra Loan Categories
Shishu
Up to ₹50,000
For new micro enterprises and startups
Kishor
₹50,001 – ₹5 Lakh
For established businesses expansion
Tarun
₹5 Lakh – ₹10 Lakh
For larger business development
SBI Exclusive Benefit:
Existing SBI account holders get preferential rates and faster processing. Women entrepreneurs get additional 0.25% concession.
Enter SBI Mudra Loan Details
As per SBI Mudra category limits
Includes SBI customer benefits
SBI offers 3-7 years for Mudra loans
SBI Processing Fees
One-time charge
SBI charges 1-2% of loan amount (min ₹500, max ₹10,000) + GST
Moratorium Period
Optional EMI holiday
Available for new businesses. Interest accrues during moratorium.
SBI Exclusive Features & Pro Tips
YONO SBI Advantage
Apply through YONO app for faster processing and additional 0.10% interest concession.
CGTMSE Coverage
SBI provides Credit Guarantee Fund cover for loans up to ₹10 lakh without collateral.
Quick Sanction
SBI processes Mudra loans within 10-15 working days for complete applications.
Relationship Benefits
Existing SBI customers get preferential rates and reduced documentation.
SBI Mudra Application Checklist
SBI Mudra EMI Summary
With all applicable benefits
Monthly EMI Payment
Total Interest
Processing Fee
Total Payment
Effective Rate
SBI Benefits Applied
First Year Repayment
| Month | Principal | Interest | Balance |
|---|
SBI Mudra EMI Calculator
Enter your SBI Mudra loan details to calculate your monthly EMI with SBI-specific benefits and charges.
SBI Contact & Support
SBI Customer Care
1800 11 2211 • 1800 425 3800
YONO SBI
Download app for digital application
Website
sbi.co.in/web/mudra-loan
Branch Timing: Monday to Friday: 10:30 AM – 4:00 PM
(Except 2nd & 4th Saturdays)
Important Disclaimer
This calculator provides approximate values for educational purposes. Actual SBI Mudra loan terms may vary based on:
- SBI’s current interest rates and policies
- Processing fees and applicable taxes
- Applicant’s credit profile and documentation
- Specific branch guidelines and approvals
- Government subsidy schemes availability
This tool is not affiliated with State Bank of India. Always confirm details with your SBI branch before proceeding.
Complete Guide to SBI Mudra Loans: EMI Calculator, Benefits & Application Process 2023
State Bank of India, being India’s largest public sector bank, plays a crucial role in implementing the Pradhan Mantri Mudra Yojana (PMMY). This comprehensive guide explains everything about SBI Mudra loans, including EMI calculation, interest rates, eligibility, and how to apply through SBI channels.
What is SBI Mudra Loan?
SBI Mudra Loan is a scheme offered by State Bank of India under the Pradhan Mantri Mudra Yojana (PMMY) to provide financial assistance to micro and small business enterprises. SBI offers these loans through its extensive network of over 22,000 branches across India, making it one of the largest distributors of Mudra loans.
SBI Mudra Loan Categories & Limits
| Category | Loan Amount | SBI Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|
| Shishu | Up to ₹50,000 | 8.50% – 11.50% p.a. | 1% (Min ₹500) | Up to 5 years |
| Kishor | ₹50,001 – ₹5,00,000 | 10.50% – 13.50% p.a. | 1.5% (Min ₹1,000) | Up to 7 years |
| Tarun | ₹5,00,001 – ₹10,00,000 | 12.50% – 15.50% p.a. | 2% (Max ₹10,000) | Up to 7 years |
SBI Mudra Loan EMI Calculation Formula
SBI uses the reducing balance method for EMI calculation. The formula used is:
EMI = [P × r × (1+r)^n] / [(1+r)^n – 1]
Where P = Principal amount, r = Monthly interest rate, n = Loan tenure in months
Special SBI Benefits for Mudra Loans
1. Interest Rate Concessions
- 0.25% concession for existing SBI customers
- 0.25% additional concession for women entrepreneurs
- 0.10% discount for applications via YONO SBI
- 0.15% discount for CIBIL score 750+
2. Collateral-Free Loans
All SBI Mudra loans up to ₹10 lakh are covered under CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises), eliminating the need for collateral or third-party guarantee.
3. Quick Processing
SBI processes Mudra loan applications within 10-15 working days for complete applications. Priority processing for existing customers and YONO applications.
4. Moratorium Period
SBI offers 3-6 months moratorium period for new businesses, allowing them to start generating revenue before EMI payments begin.
How to Apply for SBI Mudra Loan
Three Ways to Apply:
Through SBI Branch
Visit nearest SBI branch with required documents and application form
Via YONO SBI App
Digital application through YONO SBI mobile application (recommended for faster processing)
Online Portal
Apply through SBI’s corporate website for Mudra loans
Documents Required for SBI Mudra Loan
For All Applicants:
- Duly filled SBI Mudra loan application form
- Passport size photographs
- Identity proof (Aadhaar, PAN, Voter ID, etc.)
- Address proof (Aadhaar, Utility bills, etc.)
- Business proof (GST registration, Trade license, etc.)
Additional for Loans Above ₹2 Lakh:
- Detailed project report
- Last 6 months bank statements
- Income Tax Returns (if applicable)
- Business plan with revenue projections
- Quotations for machinery/equipment
Pro Tips for SBI Mudra Loan Applicants
Expert Advice: Always use the SBI Mudra EMI Calculator Pro before applying to determine the exact EMI you can afford. This helps in selecting the right loan amount and tenure that matches your business cash flow projections.
- Apply Through YONO: YONO SBI applications get faster processing and additional 0.10% interest concession
- Maintain Good CIBIL: A CIBIL score above 750 can get you additional 0.15% interest discount
- Use Existing Relationship: Existing SBI customers get preferential rates and faster approvals
- Complete Documentation: Incomplete applications are the most common reason for delays
- Consider Moratorium: If starting a new business, opt for 3-6 months moratorium to establish cash flow
Common Reasons for SBI Mudra Loan Rejection
- Poor credit history or low CIBIL score (below 650)
- Incomplete documentation or incorrect information
- Business activity not eligible under Mudra scheme
- Existing loan defaults with SBI or other banks
- Inadequate cash flow projections for repayment
Final Recommendation
SBI Mudra loans are excellent financial products for micro and small entrepreneurs in India. With its vast branch network, digital platforms like YONO, and customer-friendly policies, SBI makes the Mudra loan application process relatively smooth. Before applying, use the SBI Mudra EMI Calculator Pro to understand your repayment capacity and choose the right loan parameters. Always consult with your SBI branch relationship manager for personalized guidance based on your specific business needs.
Remember: While the loan provides capital, your business success depends on proper planning, market understanding, and efficient execution of your business idea.
© 2023 SBI Mudra EMI Calculator Pro. This is an independent financial education tool.
State Bank of India® is a registered trademark. This tool is not affiliated with or endorsed by SBI.