What is the maximum loan amount under MUDRA Loan (Tarun/Kishor)?

Under MUDRA Loan (Tarun/Kishor), the maximum loan amount is ₹10 lakh. Indicative interest rate is 12% per annum. Tenure up to 5 years. Eligibility depends on business turnover, GST filing history, and CIBIL score.

What documents are required for MUDRA Loan (Tarun/Kishor)?

Typically required documents: GST registration certificate, last 2 years ITR, last 6 months bank statements, business proof (Udyam registration for MSME), PAN & Aadhaar, balance sheet / P&L, and collateral documents (if applicable).

How is MSME loan interest calculated?

MSME loan interest is calculated monthly on reducing balance. EMI = P × r × (1+r)^n / [(1+r)^n − 1] where P = loan principal, r = monthly rate, n = months. At 12%, EMI on ₹10 lakh for 5 years = ₹22,244/month.

MSME BUSINESS LOAN · MUDRA LOAN

MUDRA Loan (Tarun/Kishor) — EMI & Eligibility Calculator

Calculate EMI, total interest, and eligibility for MUDRA Loan (Tarun/Kishor) up to ₹10 lakh at 12% indicative rate. Includes CGTMSE fee structure and repayment schedule.

✓ Up to ₹10L ✓ Rate ~12% ✓ Tenure 5 Yrs

Loan Amount (₹)

Maximum: ₹10 lakh under MUDRA Loan (Tarun/Kishor)

Interest Rate (% p.a.)

Loan Tenure (Years)

Annual Business Turnover (₹ Lakh) — for eligibility

MUDRA Loan (Tarun/Kishor) Summary

Monthly EMI

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Total Interest

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Total Repayment

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Particulars	Value
Loan Amount	—
Interest Rate	—
Tenure	—
Monthly EMI	—
Total Interest	—
Total Cost of Loan	—
Eligibility Estimate
Business Turnover	—
Typical FOIR (EMI/Income) ≤ 50%	—
Eligibility	—

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Frequently Asked Questions

Key eligibility criteria: (a) Valid MSME / Udyam registration, (b) GST registration and regular filing, (c) Business vintage of at least 2–3 years, (d) CIBIL score ≥ 700 preferred, (e) No existing NPA with any bank, (f) Annual turnover as per ITR. Individual lenders may have additional criteria.

MUDRA loans (Shishu up to ₹50K, Kishor up to ₹5L, Tarun up to ₹10L) are generally collateral-free for the lower tiers. Tarun category may require some security.

Apply through any Scheduled Commercial Bank, RRB (Regional Rural Bank), or NBFC that is a member lender under the respective scheme. For MUDRA loans, you can also apply via the Udyamimitra portal (udyamimitra.in). PSU banks like SBI, Bank of Baroda, and PNB are major lenders under these schemes.