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Mudra Loan EMI Calculator

Calculate your monthly loan repayments using the Mudra Loan EMI Calculator easily. Enter your loan amount, interest rate, and repayment period for instant results.

Your Business Loan EMI

₹ 23,135

Total Interest Amount

₹ 8,213

Principal Amount

₹ 2,00,000

Total Payable Amount

₹ 2,08,213

Loan Amount

Interest Rate

- +

Tenure

- +

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You can also make instant comparisons between loan offers from multiple Business Loan providers on Bajaj Markets.

What is a MUDRA Loan EMI Calculator?

A MUDRA Loan EMI Calculator helps you find your monthly repayment amount. You enter simple details like loan amount, interest rate, and repayment period. This tool shows your fixed monthly payment before you apply for the loan.It helps you see your exact repayment amount before you apply, so you can budget properly and avoid unexpected repayment issues during your loan tenure. A good CIBIL score helps you get better loan terms.

How to Use the Mudra Loan EMI Calculator

Check your Equated Monthly Instalment (EMI) for a Mudra Loan using these steps. The process takes only a few minutes to complete.

Use the sliders or enter your loan amount, interest rate, and tenure.
The monthly EMI amount appears instantly on the right side.
View and download the complete amortisation schedule below the calculator by clicking the download option.

Adjust the loan amount, interest rate, or tenure as needed. See how each change affects your monthly instalment immediately. The calculator is free to use for budgeting and planning.

Formula to Calculate Mudra Loan EMI

You can calculate the Equated Monthly Instalment (EMI) for your Mudra Loan manually. The formula used is:

EMI = [P x R x (1+R) ^ N]/[(1+R) ^ (N-1)]

Where:

P is the Principal loan amount.
R is the Rate of interest.
N is the loan repayment tenure (in months)

Remember, the applicable rate of interest varies from one bank to another. It essentially depends on the profile of the business and its requirements.

Benefits of Using Mudra Loan Calculator

An EMI calculator for Mudra Loan helps you manage loan repayments easily. This tool saves time and shows accurate payment estimates clearly.

Calculates your monthly repayment amount using the loan amount, interest rate, and repayment period entered.
Helps you budget before taking the loan, so you know your monthly payment amount in advance.
Lets you try different loan amounts and repayment periods easily. See how changes affect your monthly payment amount instantly.
Helps you understand how the repayment period affects monthly payments and total interest. Longer periods mean lower monthly payments, but higher total interest paid.
Helps you understand how the repayment period affects your monthly payment and total interest. Longer periods mean lower monthly payments but higher total interest paid.
Lets you download and check your full repayment schedule easily. Track your payment plan clearly throughout the entire loan period.
Helps keep your business cash flow healthy and avoid missed payments. Prepare for fixed monthly payments and focus on improving your credit score.

This tool helps small business owners and entrepreneurs plan better. It shows your payment commitments under the Pradhan Mantri Mudra Yojana scheme.

Disclaimer

Reference to all terms and conditions necessarily refers to partner terms. This includes pre-approved offers and loan processing time, amongst other conditions.

Important Pages on Mudra Loan

Mudra Loan	Mudra Loan Documents Required	Mudra Loan Eligibility
Mudra Loan Interest Rates	E-Mudra Loan	Mudra Loan Application Form
Mudra Loan Bank List

Frequently Asked Questions

What is a Mudra Loan EMI Calculator?

A Mudra Loan EMI Calculator is a digital tool for estimating monthly repayments.It uses the loan amount, interest rate, and tenure entered to calculate accurate figures.

Can the Mudra Loan EMI be paid monthly?

Yes, Mudra Loan EMIs are paid monthly as a standard practice. This fixed monthly instalment helps you repay the loan in equal amounts. Monthly payments continue throughout the entire loan tenure you selected.

Are there different repayment options available for Mudra Loans?

Mudra Loans come with repayment tenures of up to 5 years. You can choose a repayment period based on your capacity to pay. Specific options vary with the lender’s policies.

Can the Mudra Loan EMI be paid in advance?

Yes, you can prepay your Mudra Loan EMI partially or fully. However, prepayment rules depend on your lending institution's specific policies. Some lenders may charge prepayment fees, so check terms before opting for prepayment.

What is the EMI for a 5 lakh Mudra loan?

The EMI for a ₹5 lakh Mudra loan depends on the interest rate and repayment tenure. For example, at an 11% annual interest rate over 5 years, the EMI would be approximately ₹11,000 per month.