PM Mudra Yojana (PMMY) Loan EMI & Category Calculator

Calculate monthly EMI and check eligibility for collateral-free business loans under Pradhan Mantri Mudra Yojana (PMMY) across Shishu, Kishore, and Tarun loan tiers.

Interactive PM Mudra Yojana (PMMY) Loan EMI & Category Calculator
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Formula & Calculation Methodology

Standard reducing balance EMI formula applied to PMMY loan tiers with CGFMU credit guarantee.

Step-by-Step Worked Example

Loan Amount: ₹3,00,000 (Kishore Tier) | Rate: 10.5% p.a. | Tenure: 3 Years

  1. Monthly Interest Rate: 0.875%
  2. Number of Months: 36
  3. Monthly EMI: ₹9,750
  4. Total Interest: ₹51,000
  5. Collateral: ZERO (100% CGFMU Covered)
Result: Monthly EMI: ₹9,750 | Total Repayment: ₹3,51,000 | Zero Collateral

Frequently Asked Questions

Is collateral or guarantee required for PM Mudra loans?

No collateral is required for loans under PM Mudra Yojana as they are backed by the Credit Guarantee Fund for Micro Units (CGFMU).

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