Mudra Loan Eligibility

Calculate MUDRA loan EMI for Shishu (up to Rs 50K), Kishore (Rs 50K–5L), and Tarun (Rs 5L–10L) categories. Find monthly payment and total cost.

MUDRA Loan EMI Calculator

MUDRA loan EMI for Shishu, Kishore, and Tarun categories

Loan category
Loan amount Rs 2L
Rs 10KRs 10L
Rs
Interest rate 12%
8%20%
%
Loan tenure 3 years
1 yr7 yr
yrs
Breakdown
---
---

Scheme details based on current government rules. Always verify latest eligibility and benefits at official portals before applying.

Visual comparison
💡
ThriftRupee Insight

MUDRA loans under Pradhan Mantri MUDRA Yojana are unsecured business loans with no collateral required. Shishu (up to Rs 50,000) at 10–12% for micro businesses; Kishore (Rs 50K–5L) at 11–14% for growing ventures; Tarun (Rs 5L–10L) at 12–16% for established businesses. Banks and NBFCs disburse MUDRA loans — apply through any bank branch or SIDBI MUDRA portal. Over 40 crore loans have been disbursed since 2015.

MUDRA Loan EMI Calculator

Calculate MUDRA loan EMI for Shishu (up to Rs 50K), Kishore (Rs 50K–5L), and Tarun (Rs 5L–10L) categories. Find monthly payment and total cost.

Frequently asked questions

What are the MUDRA loan categories?▼
Pradhan Mantri MUDRA Yojana has three categories: Shishu — loans up to Rs 50,000 for startup businesses; Kishore — Rs 50,001 to Rs 5 lakh for established micro units needing growth capital; Tarun — Rs 5,00,001 to Rs 10 lakh for small business expansion. The category determines the loan amount, not a fixed interest rate — rates vary by lender.
What documents are needed for MUDRA loan?▼
Basic documents: identity proof (Aadhaar, PAN), address proof, passport photo, business proof (shop registration, GST, business plan), bank statements (6 months), and income proof. No collateral is required for MUDRA loans. For Kishore and Tarun, additional documents like existing machinery invoices, customer contracts, or projected financials may be required.
What is the interest rate on MUDRA loan?▼
MUDRA does not prescribe fixed interest rates — lenders (PSU banks, private banks, MFIs, NBFCs) set their own rates. Typical ranges: Shishu 10–12%, Kishore 11–15%, Tarun 12–16%. Government-run PSU banks generally offer lower rates than NBFCs. Compare rates across at least 2–3 lenders before applying.

You might also need

Business Loan Calculator
EMI for business loans
PM-KISAN Calculator
Farm income support
EPF Contribution
PF for small business employees