Mudra Loan Calculator

Mudra (Micro Units Development & Refinance Agency) Loan is a government-backed scheme in India designed to provide financial support to micro, small, and medium enterprises (MSMEs). The scheme was launched by the Government of India to promote entrepreneurship and support small businesses.

Mudra Loan Categories

• Shishu: Loans up to ₹50,000 for new businesses and startups
• Kishore: Loans from ₹50,001 to ₹5,00,000 for established businesses looking to expand
• Tarun: Loans from ₹5,00,001 to ₹10,00,000 for well-established businesses seeking growth capital

Key Features

• No collateral required for loans up to ₹10 lakhs
• Competitive interest rates starting from 7.5% per annum
• Flexible repayment tenure up to 7 years
• Available through various banks including SBI, BOI, PNB, BOB, Canara Bank, HDFC, and more
• Quick processing and minimal documentation
• Supports various business activities including manufacturing, trading, and services

Eligibility Criteria

• Indian citizens aged 18-65 years
• Micro, small, or medium enterprises
• Non-farm income generating activities
• Minimum monthly income requirements vary by bank
• Good credit history and repayment capacity

How to Use This Calculator

• EMI Calculator: Enter your loan amount, select your bank and Mudra category, and get instant EMI calculations with detailed payment schedules
• Eligibility Calculator: Enter your monthly income, existing EMIs, and age to determine your maximum eligible loan amount and category
• Compare rates across different banks to find the best Mudra loan option
• Export payment schedules to CSV for detailed financial planning

Note: Interest rates and eligibility criteria may vary by bank and are subject to change. Please contact your preferred bank for the most current rates and terms. This calculator provides estimates for planning purposes only.