As a salaried applicant, lenders primarily assess your in-hand monthly salary, employer category and job stability when evaluating a Mudra Loan.
Lenders typically assess: Non-farm income-generating micro/small enterprise; Business plan or existing business proof; No default with any bank/NBFC.
Documents commonly required: PAN Card, Address Proof, Business Proof/Plan, Bank Statements (last 6 months).
Eligibility and final terms are set by the lender at the time of application — the figures here are indicative starting points, not a guarantee of approval or of the exact rate you'll be offered.
Mudra Loan for Salaried EMI calculator
Estimate your monthly instalment and see the full year-by-year principal and interest breakdown.
Maximum loan amount: ₹10,00,000
Lenders' published rates for Mudra Loan: 19.00%–21.00% p.a.. Government scheme (Shishu/Kishor/Tarun) — amount capped by category.
Maximum tenure: 5 years (60 months)
Monthly EMI
₹10,997
Total interest
₹95,885
Total payment
₹3,95,885
Indicative only — your actual EMI depends on the lender's exact rate and terms at sanction.
Principal vs. interest
- Principal 75.8%
- Interest 24.2%
Principal & interest paid per year
Time on the x-axis, amount repaid on the y-axis — early on leans toward interest, later on toward principal.
Full breakdown, starting this month
Assumes your first EMI falls this month — click a period to see every month within it.
Nov 2026 – Oct 2027 Principal paid₹81,847 Interest paid₹50,115 Total paid₹1,31,962
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Nov 2026 | ₹6,247 | ₹4,750 | ₹10,997 | ₹2,93,753 |
| Dec 2026 | ₹6,346 | ₹4,651 | ₹10,997 | ₹2,87,407 |
| Jan 2027 | ₹6,446 | ₹4,551 | ₹10,997 | ₹2,80,961 |
| Feb 2027 | ₹6,548 | ₹4,449 | ₹10,997 | ₹2,74,413 |
| Mar 2027 | ₹6,652 | ₹4,345 | ₹10,997 | ₹2,67,761 |
| Apr 2027 | ₹6,757 | ₹4,240 | ₹10,997 | ₹2,61,004 |
| May 2027 | ₹6,864 | ₹4,133 | ₹10,997 | ₹2,54,140 |
| Jun 2027 | ₹6,973 | ₹4,024 | ₹10,997 | ₹2,47,167 |
| Jul 2027 | ₹7,083 | ₹3,913 | ₹10,997 | ₹2,40,083 |
| Aug 2027 | ₹7,195 | ₹3,801 | ₹10,997 | ₹2,32,888 |
| Sep 2027 | ₹7,309 | ₹3,687 | ₹10,997 | ₹2,25,578 |
| Oct 2027 | ₹7,425 | ₹3,572 | ₹10,997 | ₹2,18,153 |
Nov 2027 – Oct 2028 Principal paid₹98,826 Interest paid₹33,136 Total paid₹1,31,962
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Nov 2027 | ₹7,543 | ₹3,454 | ₹10,997 | ₹2,10,611 |
| Dec 2027 | ₹7,662 | ₹3,335 | ₹10,997 | ₹2,02,948 |
| Jan 2028 | ₹7,783 | ₹3,213 | ₹10,997 | ₹1,95,165 |
| Feb 2028 | ₹7,907 | ₹3,090 | ₹10,997 | ₹1,87,258 |
| Mar 2028 | ₹8,032 | ₹2,965 | ₹10,997 | ₹1,79,226 |
| Apr 2028 | ₹8,159 | ₹2,838 | ₹10,997 | ₹1,71,067 |
| May 2028 | ₹8,288 | ₹2,709 | ₹10,997 | ₹1,62,779 |
| Jun 2028 | ₹8,419 | ₹2,577 | ₹10,997 | ₹1,54,360 |
| Jul 2028 | ₹8,553 | ₹2,444 | ₹10,997 | ₹1,45,807 |
| Aug 2028 | ₹8,688 | ₹2,309 | ₹10,997 | ₹1,37,119 |
| Sep 2028 | ₹8,826 | ₹2,171 | ₹10,997 | ₹1,28,293 |
| Oct 2028 | ₹8,966 | ₹2,031 | ₹10,997 | ₹1,19,327 |
Nov 2028 – Oct 2029 Principal paid₹1,19,327 Interest paid₹12,634 Total paid₹1,31,962
| Month | Principal paid | Interest paid | Total paid | Balance remaining |
|---|---|---|---|---|
| Nov 2028 | ₹9,107 | ₹1,889 | ₹10,997 | ₹1,10,220 |
| Dec 2028 | ₹9,252 | ₹1,745 | ₹10,997 | ₹1,00,968 |
| Jan 2029 | ₹9,398 | ₹1,599 | ₹10,997 | ₹91,570 |
| Feb 2029 | ₹9,547 | ₹1,450 | ₹10,997 | ₹82,023 |
| Mar 2029 | ₹9,698 | ₹1,299 | ₹10,997 | ₹72,325 |
| Apr 2029 | ₹9,852 | ₹1,145 | ₹10,997 | ₹62,473 |
| May 2029 | ₹10,008 | ₹989 | ₹10,997 | ₹52,466 |
| Jun 2029 | ₹10,166 | ₹831 | ₹10,997 | ₹42,300 |
| Jul 2029 | ₹10,327 | ₹670 | ₹10,997 | ₹31,972 |
| Aug 2029 | ₹10,491 | ₹506 | ₹10,997 | ₹21,482 |
| Sep 2029 | ₹10,657 | ₹340 | ₹10,997 | ₹10,825 |
| Oct 2029 | ₹10,825 | ₹171 | ₹10,997 | ₹0 |
Lenders offering this product
Compare lenders side by side
Tick up to 4 lenders to compare them head to head, or apply with any lender directly.
- Lenders compared
- 4
- Rates from
- 19.00% p.a.
- Loan up to
- ₹20 Lakh
- Tenure up to
- 7 yrs
— pick at least one more to compare. — showing only your picks.
| Lender | Interest rate | Loan amount | Tenure | Processing fee | Eligibility | Apply |
|---|---|---|---|---|---|---|
|
HDFC Bank
Bank
|
Interest rate 19.00% – 21.00% p.a. Rate verified 13 Oct 2026 · lender's rates |
Loan amount ₹10,000 – ₹10 Lakh |
Tenure 1–5 yrs |
Processing fee ₹0 Fee detailsPMMY Shishu up to ₹50,000 / Kishor ₹50,000-₹5 lakh / Tarun ₹5-10 lakh; page lists 19%-21% fixed; non-farm enterprises |
Eligibility
|
Apply Now |
|
Axis Bank
Bank
Longest tenure
|
Interest rate Check current rates Rate confirmed by the lender when you apply |
Loan amount ₹10,000 – ₹10 Lakh |
Tenure 1–7 yrs |
Processing fee ₹0–₹5,000 + GST Fee detailsPMMY Shishu up to ₹50,000 / Kishore ₹50,001-₹5 lakh / Tarun ₹5,00,001-₹10 lakh; collateral-free fund-based facility; rate as per scheme |
Eligibility
|
Apply Now |
Canara Bank
Bank
Highest amount
Longest tenure
|
Interest rate Check current rates Rate confirmed by the lender when you apply |
Loan amount ₹10,000 – ₹20 Lakh |
Tenure 1–7 yrs |
Processing fee ₹500–₹5,000 + GST Fee detailsShishu & Kishore: nil; Tarun: 0.25% per lakh (min ₹500); margin nil ≤₹25k, 15–25% above; term loan 5–7 yrs; ROI per MSME RLLR card; Tarun Plus to ₹20L |
Eligibility
|
Apply Now |
|
ICICI Bank
Bank
Highest amount
Longest tenure
|
Interest rate Check current rates Rate confirmed by the lender when you apply |
Loan amount ₹10,000 – ₹20 Lakh |
Tenure 1–7 yrs |
Processing fee ₹0–₹10,000 + GST Fee detailsPMMY Shishu (DLOD up to ₹50k), Kishor (₹50k-₹5 lakh), Tarun (₹5-10 lakh), Tarun Plus (up to ₹20 lakh); collateral-free OD/DLOD; rate as per scheme guidelines |
Eligibility
|
Apply Now |
Not sure which lender fits? Check your eligibility with all 4 lenders with a single application.
Check eligibilityRates are each lender's own published figures, checked against the lender's website on the date shown. The rate, amount and approval you are offered depend on the lender's assessment of your profile — FynnEdge does not guarantee approval, disbursal or any particular rate.
Why FynnEdge?
You could go directly to a bank. But why apply for a Mudra Loan for Salaried through us?
One profile, many lenders
Share your details once — we match you against multiple lenders' criteria instead of you applying to each one separately.
Clear, upfront eligibility
See which lenders you're likely eligible for, with plain-language reasons, before you apply.
A fully online journey
Check eligibility, compare lenders and apply — all online, without a branch visit.
Free EMI & credit tools
Plan your EMI and check your credit score for free, before you commit to anything.
Guidance, not just a listing
We help you understand your options and why a lender is or isn't a fit — not just hand you a list.
No service charges
Comparing and applying through FynnEdge is free. Any lender fees are disclosed upfront by the lender.
What our customers say
-
“I contacted Fynnedge for help regarding the different types of personal loans available. The process went smoothly but it took quite long for the approval. Overall, it was a good experience.””
Kavita Iyer
Hyderabad
-
“I collaborated with Fynnedge to seek a personal loan for a specific expenditure. The process was straightforward, and the staff explained how loans functioned. The only issue was the length of the whole application process.””
Sandeep Malhotra
Chandigarh
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“I have had a very happy experience with the Flexi Hybrid Term Loan. I found the process quite easy, although I did have to go through a lot of documentation as well as learn about all the terms and conditions of the loan first." ”
Rajesh Gupta
kanpur
Frequently asked questions
What is a Mudra Loan?
A Mudra Loan is a business loan available under the Pradhan Mantri Mudra Yojana (PMMY) to support eligible micro and small businesses. The funds can be used for various permitted business and income-generating activities.
How much loan can I get under Mudra Loan?
Under the standard Shishu, Kishor and Tarun categories, eligible borrowers can access loans ranging from up to ₹50,000 to up to ₹10 lakh. The sanctioned amount depends on the applicant's business requirements, eligibility and the lender's assessment.
What are the different types of Mudra Loans?
Mudra Loans are generally divided into three categories: Shishu for loans up to ₹50,000, Kishor for loans above ₹50,000 and up to ₹5 lakh, and Tarun for loans above ₹5 lakh and up to ₹10 lakh.
Can I get a Mudra Loan without collateral?
Mudra Loans are generally designed to provide financing without requiring traditional collateral, subject to the applicable scheme and lender terms. Applicants may still need to provide the required business and financial documents.
Who is eligible for a Mudra Loan ?
Eligible individuals and businesses engaged in permitted non-farm income-generating activities may apply. The final eligibility depends on the applicable PMMY guidelines and the lender's requirements.
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