Monthly Payment EMI
Total Interest
Total Repayment
The Pradhan Mantri Mudra Yojana supports small and micro businesses across trading, services, and manufacturing. The scheme offers Mudra loans that help new businesses start operations and allow existing units to expand.
Borrowers can access up to 10 lakh rupees without any collateral. The loans are divided into groups based on the stage of the business. These groups make it easier for enterprises at different levels to choose the right funding option.
Mudra loans are classified into three groups. Each group is designed for a different level of business growth.
Shishu covers small needs. Kishor covers growth stage operations. Tarun supports larger expansion plans.
These groups allow better planning and give access to the right amount of credit based on business needs.
A Mudra Loan EMI Calculator gives a clear picture of your monthly repayment. When you enter the loan amount, interest rate, and tenure, the calculator generates the EMI within seconds. This helps plan monthly expenses and avoids payment surprises. It is useful for borrowers who want to check how a loan affects their cash flow.
The process is simple. You need to enter a few details to get the repayment structure.
For example, a 2 lakh rupee loan at 8 percent for 12 months gives an EMI of around 17398 rupees. This helps understand if the loan fits the monthly budget.
The calculator saves time and helps borrowers plan with clarity. It offers instant results and avoids manual calculations.
It also helps compare different loan amounts and tenures. Borrowers can test multiple scenarios by adjusting interest rates or repayment periods. A loan is considered safe when the EMI stays within 40 to 50 percent of monthly income.
Interest rates differ across lenders. Here are the current ranges:
| Bank or NBFC | Interest Rate (per year) |
|---|---|
| Punjab National Bank | 6.65% to 7.9% |
| UCO Bank | 7.45% onwards |
| Union Bank of India | 7.65% to 8.9% |
| Ziploan | 8% onwards |
| PSB Loans in 59 Minutes | 8.50% onwards |
| Saraswat Bank | 11.65% onwards |
| City Union Bank | 12% to 12.5% |
| Lendingkart Finance | 1% per month onwards |
Rates change based on the business profile, lender rules, and loan category. It is always better to confirm the latest rate before applying.
Mudra loans remain an important part of India’s small business structure. They support a sector that continues to grow and create jobs.
The government has introduced a Tarun Plus category that offers loans up to 20 lakh rupees to selected borrowers. Mudra loans remain collateral free and most lenders do not charge processing fees. EMI calculators help new and growing businesses select a repayment plan that matches their income flow.
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