Mudra Loan Eligibility Calculator
Mudra eligibility covers any non-corporate, non-farm micro enterprise in manufacturing, services, trading or allied agriculture. The scheme itself sets no minimum turnover, no vintage requirement and no credit score cutoff - the lending institution sets all three under its own credit policy. Enter the monthly surplus the business actually earns rather than its turnover.
Indicative loan amount
₹14.62 Lakh
An estimate from income and obligations only, not an offer
Lenders cap total EMIs at a share of gross income. This calculator applies 50% for your income band. The lender's own assessment also weighs credit score, employment and the property.
Year-by-year repayment schedule
How each year splits between interest and principal. Early years are mostly interest, which is why prepaying early saves so much more than prepaying late.
| Year | Principal paid | Interest paid | Balance |
|---|---|---|---|
| 1 | ₹2,45,113 | ₹1,14,887 | ₹12,17,122 |
| 2 | ₹2,66,779 | ₹93,221 | ₹9,50,343 |
| 3 | ₹2,90,360 | ₹69,640 | ₹6,59,983 |
| 4 | ₹3,16,025 | ₹43,975 | ₹3,43,959 |
| 5 | ₹3,43,959 | ₹16,041 | ₹0 |
This calculator returns arithmetic on the figures you enter. It is not an offer, does not check your eligibility, and cannot predict the rate a lender will sanction. Loans Got Easy is an authorised Direct Selling Agent - we do not sanction, approve or disburse loans.
Scheme eligibility and lender eligibility are different tests
Almost every micro enterprise clears the scheme's own criteria, which is why those criteria are a poor guide to whether you will get the loan. The bank, NBFC or microfinance institution assesses the file against its own credit policy, and it is that policy which decides. Two branches of the same bank can differ. This gap between qualifying for the scheme and qualifying with a lender is the single biggest source of misplaced confidence among applicants.
What the branch is actually testing
Whether the business exists and trades - not in principle, but on the day someone visits. Field verification carries more weight than applicants expect, and a unit with no stock, no signage and nobody present fails there regardless of the paperwork. Then whether bank statements corroborate the turnover you have stated, whether your credit record shows you service obligations, and whether the amount requested is proportionate to what the business demonstrably earns.
Credit score is assessed as on any business loan
There is no scheme-mandated score and no scheme provision that overrides a lender's credit view. A Mudra loan is a bank loan classified under a scheme, so existing defaults, settled accounts and a pattern of missed EMIs all count against a file exactly as they would elsewhere. If your score is weak, repairing it before applying is a more reliable route than hoping the scheme label carries the application.
Allied agriculture is inside the scheme
Dairy, poultry, beekeeping, fisheries and similar allied activities are eligible; crop farming itself is not. This matters commercially in Telangana and Andhra Pradesh, where allied activity is significant and a large number of applicants read 'non-farm' as excluding anything rural. If your enterprise is a dairy unit or a poultry shed rather than a field, you are within scope.
Rates sourced from partner lender published rate schedules, last verified August 2026. Figures produced by this calculator are indicative and depend entirely on the inputs you provide. The rate you are offered is set by the lender based on your credit profile, income, employer, loan amount and tenure.
Frequently Asked Questions
The scheme does not set one. Each lender applies its own credit policy, and in practice a weak score, existing defaults or recent missed EMIs affect the decision as they would on any business loan. There is no scheme provision that overrides the lender's assessment.
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Rates last verified August 2026. Loans Got Easy is a loan advisory and Direct Selling Agent. We do not sanction, approve or disburse loans - the lender does, based on its own credit assessment.