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Microloan Business Calculator
Calculate monthly EMI, interest, and costs for Indian MSME microloans including Pradhan Mantri Mudra Yojana (PMMY).
About Microloans and Mudra Yojana in India
The Pradhan Mantri Mudra Yojana (PMMY) provides collateral-free credit to micro and small enterprises across manufacturing, trading, and service businesses.
Mudra Loan Tiers
- Shishu: Loans up to ₹50,000
- Kishore: Loans from ₹50,001 to ₹5,00,000
- Tarun: Loans from ₹5,00,001 to ₹10,00,000
Frequently Asked Questions
Is collateral required for Mudra microloans?
No. Under RBI and government guidelines, banks cannot ask for collateral or third-party guarantees for Mudra loans.What are typical microloan interest rates?
Public sector banks (SBI, PNB, BoB) generally offer Mudra loans at 8.5% to 11.5% per annum.
Are there processing charges for Shishu loans?
No. Bank guidelines waive upfront processing fees on all Shishu microloans up to ₹50,000.
Can new startups apply for Mudra loans?
Yes. Both new and existing micro enterprises qualify, provided they have a viable business project report.
How to use
Calculate in three steps
- 1Enter your valuesUse the fields above and check the units shown beside each input.
- 2Run the calculationSelect Calculate to refresh the result with your latest values.
- 3Review or shareCompare the result, reset the form, print it, or share this page.
Inputs
What you need
Mudra Loan CategoryValue
Required Loan Amount₹
Annual Interest Rate%
Repayment Term (Months)months