MUDRA Loan EMI Calculator: Complete Guide for Micro Enterprises in India
The MUDRA Loan EMI Calculator is an essential financial tool for micro entrepreneurs and small business owners across India who are planning to avail MUDRA (Micro Units Development and Refinance Agency) loans. Whether you're applying for a MUDRA loan from SBI, IOB, PNB, Canara Bank, BOI, HDFC, Indian Bank, BOB, Central Bank of India, Union Bank, or ICICI Bank, this calculator helps you understand your monthly EMI, total interest costs, and loan eligibility before making a financing decision.
💼 What is a MUDRA Loan?
MUDRA (Micro Units Development and Refinance Agency) is a government initiative launched to provide financial support to micro enterprises in India. MUDRA loans are designed to help small businesses, entrepreneurs, and micro-enterprises access credit facilities. The PM MUDRA loan EMI calculator helps you understand:
- Monthly EMI (Equated Monthly Installment) based on loan amount, interest rate, and tenure
- Total interest payable over the loan period
- Total repayment amount including principal and interest
- Loan eligibility based on your income using MUDRA loan EMI calculator based on salary
- Complete amortization schedule showing monthly payment breakdown (MUDRA loan EMI chart)
- Comparison of rates from different banks (SBI, IOB, PNB, Canara Bank, BOI, HDFC, Indian Bank, BOB, Central Bank of India, Union Bank, ICICI)
🏦 MUDRA Loan EMI Calculator by Bank
Different banks offer varying MUDRA loan interest rates and terms. Here's an overview of MUDRA loan EMI calculators from major banks in India:
SBI MUDRA Loan EMI Calculator
State Bank of India (SBI) offers competitive MUDRA loan rates starting from around 7% per annum. The SBI MUDRA loan EMI calculator helps you calculate your monthly EMI and total interest. SBI also provides SBI MUDRA loan EMI calculator based on salary to help entrepreneurs determine their loan eligibility based on income. The SBI MUDRA loan EMI calculator is one of the most popular options for micro enterprises across India.
IOB MUDRA Loan EMI Calculator
Indian Overseas Bank (IOB) provides attractive MUDRA loan interest rates starting from around 7% per annum. The IOB MUDRA loan EMI calculator helps entrepreneurs calculate their monthly EMI and understand the total cost of borrowing. IOB offers flexible repayment options suitable for different business needs.
PNB MUDRA Loan EMI Calculator
Punjab National Bank (PNB) offers competitive MUDRA loan rates starting from around 7% per annum. The PNB MUDRA loan EMI calculator helps you understand your loan costs and EMI calculations for micro enterprise financing. PNB provides quick loan processing and flexible terms.
Canara Bank MUDRA Loan EMI Calculator
Canara Bank provides MUDRA loans with competitive interest rates around 7% per annum. The Canara Bank MUDRA loan EMI calculator helps entrepreneurs plan their micro enterprise financing needs. Canara Bank offers attractive loan terms for small businesses.
BOI MUDRA Loan EMI Calculator
Bank of India (BOI) offers competitive MUDRA loan rates starting from around 7% per annum. The BOI MUDRA loan EMI calculator helps you calculate your EMI and understand the total cost of borrowing. BOI provides comprehensive financing solutions for micro enterprises.
HDFC MUDRA Loan EMI Calculator
HDFC Bank provides MUDRA loans with attractive interest rates around 7.5% per annum. The HDFC MUDRA loan EMI calculator helps you understand your loan repayment structure. HDFC Bank offers flexible tenure options and competitive rates for small businesses.
Indian Bank MUDRA Loan EMI Calculator
Indian Bank offers competitive MUDRA loan rates starting from around 7% per annum. The Indian Bank MUDRA loan EMI calculator helps entrepreneurs calculate their monthly EMI and total interest. Indian Bank provides flexible repayment options for micro enterprises.
BOB MUDRA Loan EMI Calculator
Bank of Baroda (BOB) provides competitive MUDRA loan rates around 7% per annum. The BOB MUDRA loan EMI calculator helps you understand your loan costs and plan your financing. BOB offers flexible repayment options for entrepreneurs.
Central Bank of India MUDRA Loan EMI Calculator
Central Bank of India offers MUDRA loans with attractive interest rates around 7% per annum. The Central Bank of India MUDRA loan EMI calculator helps you calculate your monthly EMI and understand the total cost of borrowing. Central Bank provides competitive rates for micro enterprises.
Union Bank MUDRA Loan EMI Calculator
Union Bank of India (UBI) offers competitive MUDRA loan rates starting from around 7% per annum. The Union Bank MUDRA loan EMI calculator helps entrepreneurs understand their loan repayment structure. Union Bank provides competitive rates and flexible terms for micro enterprise loans.
ICICI MUDRA Loan EMI Calculator
ICICI Bank provides MUDRA loans with competitive interest rates around 7.5% per annum. The ICICI MUDRA loan EMI calculator helps you calculate your monthly EMI and total interest. ICICI Bank offers flexible repayment options and quick processing for small businesses.
🧮 How MUDRA Loan EMI is Calculated
The MUDRA loan EMI calculator uses the standard EMI formula to calculate your monthly payment:
EMI = (P × r × (1 + r)^n) / ((1 + r)^n - 1)
Where:
P = Loan Amount (Principal)
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Loan Tenure in Months (Years × 12)
Key Inputs:
- Loan Amount: The MUDRA loan amount you wish to borrow (up to ₹10,00,000)
- Interest Rate: MUDRA loan interest rate (typically 6.5% - 8.5%)
- Loan Tenure: Repayment period in years (usually 1-5 years)
- Bank Selection: Choose from SBI, IOB, PNB, Canara Bank, BOI, HDFC, Indian Bank, BOB, Central Bank of India, Union Bank, or ICICI
- Monthly Salary: For salary-based eligibility calculation
Example Calculation:
- • Loan Amount: ₹5,00,000
- • Interest Rate: 7% per annum
- • Loan Tenure: 5 years
- • Monthly Rate: 7 ÷ 12 ÷ 100 = 0.005833
- • Loan Tenure: 5 × 12 = 60 months
- • EMI ≈ ₹9,900 per month
💰 MUDRA Loan EMI Calculator Based on Salary
Many banks offer MUDRA loan EMI calculator based on salary to help entrepreneurs determine their loan eligibility. Banks typically allow EMI up to 40% of your monthly income. Our calculator helps you:
- Calculate maximum loan amount based on your salary
- Understand your loan eligibility before applying
- Factor in existing EMIs to determine available loan capacity
- Plan your business financing within your budget
- Make informed decisions about loan amount and tenure
For example, if your monthly income is ₹50,000 and you have no existing EMIs, banks typically allow EMI up to ₹20,000 (40% of salary). Using the SBI MUDRA loan EMI calculator based on salary, you can determine the maximum loan amount you're eligible for from SBI or other banks.
📊 MUDRA Loan EMI Chart
The MUDRA loan EMI chart (amortization schedule) shows you a detailed breakdown of your loan repayment over time. The chart displays:
- Monthly payment number and date
- EMI amount (fixed monthly payment)
- Principal component of each payment
- Interest component of each payment
- Remaining loan balance after each payment
The MUDRA loan EMI chart helps you visualize how your loan balance decreases over time and how much interest you pay in each period. This information is crucial for planning your business finances and understanding the true cost of your MUDRA loan.
🏛️ PM MUDRA Loan EMI Calculator
The PM MUDRA loan EMI calculator refers to the Prime Minister's MUDRA Yojana, a government scheme launched to provide financial support to micro enterprises. The PM MUDRA loan EMI calculator helps entrepreneurs:
- Calculate EMI for loans under the MUDRA scheme
- Understand loan eligibility and repayment structure
- Compare rates from different participating banks
- Plan business financing under the government scheme
- Make informed decisions about MUDRA loan applications
The PM MUDRA loan EMI calculator is available for all three categories of MUDRA loans: Shishu (up to ₹50,000), Kishore (₹50,001 to ₹5,00,000), and Tarun (₹5,00,001 to ₹10,00,000). Use the PM MUDRA loan EMI calculator to understand your monthly repayment obligations for each category.
📊 Understanding Your Results
EMI (Equated Monthly Installment)
This is your fixed monthly payment that includes both principal and interest. The EMI remains constant throughout the loan tenure, making it easier to plan your monthly budget for MUDRA loan repayment.
Total Interest Payable
This shows the total interest you'll pay over the entire loan period. MUDRA loans typically have competitive interest rates compared to other loan types, making them affordable for micro enterprises.
Total Payment
This is the sum of your loan principal and total interest. It represents the complete amount you'll pay back to the lender over the loan tenure.
Amortization Schedule (MUDRA Loan EMI Chart)
The schedule shows each monthly payment breakdown, displaying how much goes toward principal vs. interest, and your remaining balance after each payment. This helps you understand how your loan balance decreases over time.
💡 Benefits of MUDRA Loans
- Competitive interest rates (typically 6.5% - 8.5%)
- Flexible repayment options aligned with business cash flow
- Quick loan processing and disbursement
- Available from all major banks in India
- No collateral required for loans up to ₹10,00,000
- Government-backed scheme with attractive terms
- Minimal documentation requirements
- Flexible tenure options (1-5 years)
- Support for micro enterprises and small businesses
📋 MUDRA Loan Categories
Shishu (Up to ₹50,000)
This category is for new businesses and startups. The Shishu MUDRA loan EMI calculator helps you calculate EMI for small loans up to ₹50,000. These loans are designed to help entrepreneurs start their micro enterprises.
Kishore (₹50,001 to ₹5,00,000)
This category is for established businesses looking to expand. The Kishore MUDRA loan EMI calculator helps you calculate EMI for medium-sized loans. These loans help businesses grow and expand their operations.
Tarun (₹5,00,001 to ₹10,00,000)
This category is for well-established businesses requiring larger capital. The Tarun MUDRA loan EMI calculator helps you calculate EMI for larger loans. These loans support business expansion and modernization.
📊 Benefits of Using Our Calculator
- • Compare rates from multiple banks (SBI, IOB, PNB, Canara Bank, BOI, HDFC, Indian Bank, BOB, Central Bank of India, Union Bank, ICICI)
- • Real-time EMI calculations
- • Salary-based loan eligibility calculation
- • Complete amortization schedule with monthly breakdown (MUDRA loan EMI chart)
- • Visual representation of interest vs principal ratio
- • Easy comparison of different loan scenarios
- • Free to use with no registration required
- • Works for all major banks offering MUDRA loans in India
- • PM MUDRA loan EMI calculator support
🧠 Final Thoughts
Before applying for a MUDRA loan, it's crucial to understand all the costs involved. Our MUDRA loan EMI calculator helps you see the complete picture, including interest costs and how your payments are structured over time. Use the calculator to compare rates from different banks including SBI, IOB, PNB, Canara Bank, BOI, HDFC, Indian Bank, BOB, Central Bank of India, Union Bank, and ICICI, and choose the best option for your micro enterprise financing needs.
Whether you're applying for a Shishu, Kishore, or Tarun MUDRA loan, use our MUDRA loan EMI calculator India to make informed decisions about your financing options. The calculator works for all major banks and helps you find the best MUDRA loan rates for your needs. You can also use the PM MUDRA loan EMI calculator to understand your repayment obligations under the government scheme.
Remember that MUDRA loans are designed to support micro enterprises and small businesses. Use this calculator to compare different scenarios and choose the loan structure that best fits your business needs and repayment capacity. The MUDRA loan EMI calculator is designed to be user-friendly and provide accurate results to help you make the best financial decisions for your micro enterprise. The MUDRA loan EMI chart helps you visualize your repayment schedule and plan your business finances accordingly.