Monthly Payment EMI
Total Interest
Total Repayment
The Pradhan Mantri Mudra Yojana (PMMY) provides Mudra loans to support small and micro businesses in trading, services, and manufacturing. These loans can be used to start a new business or expand an existing one.
Borrowers can get up to ₹10 lakh without any collateral. Mudra loans are divided into three categories based on the business stage:
These categories allow businesses at different stages of growth to access funding suited to their needs.
A Mudra Loan EMI Calculator lets you know how much you need to pay each month. Enter the loan amount, interest rate, and tenure, and it quickly calculates your EMI. This tool helps plan monthly expenses and prevents unexpected payments.
For example, a ₹2 lakh loan at 8% interest for 12 months would have an EMI of about ₹17,398. This helps check if the loan fits your budget.
| Bank/NBFC | Interest Rate (p.a.) |
|---|---|
| Punjab National Bank | 6.65% – 7.9% |
| UCO Bank | 7.45% onwards |
| Union Bank of India | 7.65% – 8.9% |
| Ziploan | 8% onwards |
| PSB Loans in 59 Minutes | 8.50% onwards |
| Saraswat Bank | 11.65% onwards |
| City Union Bank | 12% – 12.5% |
| Lendingkart Finance | 1% per month onwards |
Interest rates differ based on business profile and loan type, so always confirm with your lender.
Mudra loans remain a key part of India’s small business ecosystem, which continues to grow fast. The government introduced a Tarun Plus category that offers loans up to ₹20 lakh to certain borrowers.
These loans are collateral-free and usually have no processing fees. Using an EMI calculator helps select the right loan without straining finances.
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