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.

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

1. Use the sliders or enter your loan amount, interest rate, and tenure.

2. The monthly EMI amount appears instantly on the right side.

3. 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.

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.

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.

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