Planning to take a Mudra loan for your business? Use this free Mudra Loan EMI Calculator to find your exact monthly EMI for Shishu, Kishore, Tarun and Tarun Plus loans. Adjust the loan amount, interest rate and tenure with the sliders and see live results — including a year-wise repayment schedule.
Mudra Loan EMI Calculator 2026
Calculate your monthly EMI for PM Mudra Loan (Shishu, Kishore, Tarun, Tarun Plus)
Interest Rate Comparison
See how a small rate change affects your EMI:
Tenure Comparison (same loan, same rate)
Year-wise Repayment Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|
This schedule assumes a fixed reducing-balance interest rate with monthly compounding. Actual bank figures may differ slightly based on their calculation method and charges.
Prepayment Analysis
Extra payments go straight to principal and can close the loan months early. See exactly how much interest you save:
Assumes your bank allows prepayment without penalty; check your loan terms. The one-time payment is applied at the start of its month, then the regular EMI plus extra payment continues.
Mudra Loan Categories 2026
| Category | Loan Amount | Who Is It For |
|---|---|---|
| Shishu | Up to ₹50,000 | New entrepreneurs starting small |
| Kishore | ₹50,001 – ₹5,00,000 | Growing businesses needing expansion |
| Tarun | ₹5,00,001 – ₹10,00,000 | Established businesses scaling up |
| Tarun Plus | ₹10,00,001 – ₹20,00,000 | Only for those who repaid a Tarun loan |
Disclaimer: This calculator gives estimates for planning only. Final EMI, rates and charges are decided by your lending bank or NBFC. Always confirm with the official lender before applying.
How This Mudra Loan EMI Calculator Works
The calculator uses the standard reducing-balance EMI formula that banks use: EMI = P × r × (1+r)^n / ((1+r)^n − 1, where P is the loan amount, r is the monthly interest rate and n is the number of months. Just move the sliders and the calculator instantly shows your monthly EMI, total interest payable and total amount payable.
Mudra Loan Interest Rates in 2026
There is no single fixed interest rate for Mudra loans — each bank or NBFC sets its own rate based on RBI guidelines and your profile. In 2026, public sector banks typically charge between 8.5% and 12.15% per year, private banks between 9.99% and 17.5%, and NBFCs or microfinance institutions between 12% and 24%. Women entrepreneurs may get a concession of around 0.25% at some banks. Always confirm the exact rate with your lender before signing.
Which Mudra Category Applies to You?
PM Mudra Yojana has four categories. Shishu covers loans up to ₹50,000 for new entrepreneurs. Kishore covers ₹50,001 to ₹5,00,000 for growing businesses. Tarun covers ₹5,00,001 to ₹10,00,000 for established units. Tarun Plus covers ₹10,00,001 to ₹20,00,000 but is available only to borrowers who have successfully repaid a Tarun loan. The calculator above automatically detects your category as you move the amount slider.
Things to Remember
All Mudra loans are collateral-free and backed by the Credit Guarantee Fund for Micro Units (CGFMU), so banks do not ask for property or guarantors. There is no processing fee on Shishu loans at most banks. Repayment tenure can go up to 7 years. Never pay any agent or middleman fee — MUDRA uses no agents, and applications are free on jansamarth.in and udyamimitra.in or at bank branches.
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What is Mudra Loan EMI Calculator?
Mudra Loan EMI Calculator is a free online calculator that calculate EMI for a PM Mudra loan and see the full repayment breakup. Enter your numbers, and it instantly shows the full breakup, with no sign-up, no app, and everything working right in your browser. It also shows a colourful chart of the breakup, so you can see at a glance how much is your own money and how much is growth or interest.
You can change any value to compare scenarios side by side, which makes it easy to plan before you commit to a real decision.
Key Features
- Instant results, with the full breakup shown on page load
- A colourful donut chart showing principal versus interest
- All four Mudra categories with indicative bank rate ranges (rates are set by banks, not fixed by the government)
- Year-wise repayment schedule for the full tenure
- Prepayment analysis: extra monthly or one-time payments, months saved and interest saved
- Tenure comparison (3, 5 and 7 years) and rate comparison (±1%) at the same loan amount
- Free, no sign-up, works on mobile and desktop
How to Use Mudra Loan EMI Calculator
- Enter your values in the fields shown on the page.
- Tap Calculate, or just change a value, since most calculators update automatically.
- Read the result cards and the donut chart.
- Adjust the values to compare different scenarios.
How to Read the Result
Start with the headline numbers, then look at the breakup: your own contribution versus the growth or interest on top of it. The chart makes the split obvious, and changing one input at a time shows you exactly which factor moves the result most.
Frequently Asked Questions
Is this calculator free?
Yes. It is completely free, with no sign-up and no hidden charges.
Are the results exact?
The results use standard formulas and the values you enter. Actual bank or scheme results can differ slightly because of rounding and official rules.
Do I need to sign up?
No. Everything works directly in your browser, with no account needed.
Who can apply for a Mudra loan?
A Mudra Loan EMI Calculator is for small business owners and micro-enterprises planning a loan under the Mudra scheme, which supports non-corporate, non-farm income activity. The Mudra Loan EMI Calculator takes the loan amount, the interest rate, and the tenure, and shows the monthly EMI plus a year-wise repayment schedule. With the default example of 5,00,000 rupees at 10 percent for 5 years, the Mudra Loan EMI Calculator shows an EMI of 10,624 rupees. The Mudra Loan EMI Calculator schedule is the part to study: it shows how much of each year goes to principal versus interest, and when the balance finally reaches zero.
Before applying, compare the EMI with the monthly cash the business reliably produces, not with its best month. The Mudra Loan EMI Calculator helps here: raise the tenure and watch the EMI fall, but also watch total interest rise, then pick the balance that keeps repayments comfortable without overpaying interest. The institution behind the scheme, MUDRA Bank, and how it refinances lending institutions, is described on the MUDRA Bank page on Wikipedia. Mudra Loan EMI Calculator users often compare two tenures before choosing, because the EMI gap shows the real cost of extra years. Mudra Loan EMI Calculator results assume the rate stays fixed for the whole tenure; floating rates change the EMI.
Does the EMI include other charges?
No. The Mudra Loan EMI Calculator shows principal and interest only. Processing fees, insurance, and other lender charges sit outside the EMI, so ask the lender for the full cost schedule before signing.
