What are the repayment terms for a Mudra loan?

The repayment terms for Mudra loans depend on the amount borrowed and the specific terms set by the lending institution. You can repay the loan in suitable instalments with suitable moratorium period as per cash flow of the business. Typically, the repayment period ranges from 1 to 5 years. Larger loans have a tenure close to 5 years however, Mudra scheme is structured to support small businesses, so the repayment schedule is often designed to be flexible, allowing you to choose a tenure that suits your cash flow and repayment ability. Additionally, you may also have the option of a moratorium period, during which they may not be required to make repayments. This can give businesses a grace period to stabilise before starting to repay the loan. It is essential to check with the lending institution regarding the exact repayment terms and any options for restructuring if needed. To understand the interest payable and the EMI, use the MUDRA loan EMI calculator.