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Mudra Loan EMI Calculator
Estimate your monthly repayment on a Mudra Loan (Shishu, Kishore, or Tarun). Move the sliders to match your offer and see the real cost of the loan — including total interest you will pay over the full tenure.
Mudra tier
Kishore (₹50K – ₹5L)
Your numbers
Monthly EMI
₹6,453
Total interest
₹32,324
Total payable
₹2,32,324
Mudra rates range from 8.5% to 12% depending on bank, tier, and credit profile. Most public sector banks offer Shishu at ~9%, Kishore at 9.5–11%, Tarun at 10–12%. Women borrowers get a 0.25% concession.
How this works
EMI is calculated using the standard reducing-balance formula: EMI = P × r × (1+r)n / ((1+r)n − 1), where P is principal, r is the monthly interest rate, and n is tenure in months. This matches what every Indian bank uses.
The output is an estimate. Your actual EMI depends on the bank's processing fee (usually 0.5–1% of the loan), insurance premium (if bundled), and exact disbursement date. Ask the bank for an official sanction letter before you commit.
Next step
Confirm you qualify before applying. Most Mudra rejections are for soft eligibility issues, not the loan amount.
Read the full Mudra Loan eligibility guide →