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Mudra Loan @7.30% Onwards

• Get loan upto 10 lacs
• No collateral required to get loan
• Quick processing
Enquiry Form
Mudra Loan
Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month)
Bank of Baroda
8%
1%
20
12
Bank of India
8%
1%
20
12
Bank of Maharashtra
10%
1%
20
12
Canara Bank
10%
1%
20
12
Central Bank of India
8%
1%
20
12
Indian Bank
8%
1%
20
12
Indian Overseas Bank
10%
1%
20
12
Karnataka Bank Ltd.
10%
1%
20
12
Punjab & Sind Bank
10%
1%
20
12
Punjab National Bank
8%
1%
20
12
State Bank of India
8%
1%
20
12
UCO Bank
10%
1%
20
12
Union Bank of India
8%
1%
20
12
United Bank of India
8%
1%
20
12
Bank Name Min Interest Rate
Bank of Baroda

8%

Bank of India

8%

Bank of Maharashtra

10%

Canara Bank

10%

Central Bank of India

8%

Indian Bank

8%

Indian Overseas Bank

10%

Karnataka Bank Ltd.

10%

Punjab & Sind Bank

10%

Punjab National Bank

8%

State Bank of India

8%

UCO Bank

10%

Union Bank of India

8%

United Bank of India

8%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Mudra loan Eligibility Criteria?

Mudra loan for new business & existing business, you can avail this type of loan for development of infrastructure, to meet day to day operational capital, purchasing new equipment & machinery. The best part of the loan is you don’t require to pledge any collateral or assets.

Mudra loan Eligibility Criteria

Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.

  • • Age Limit of Individuals - 18 to 65 years
  • • new or existing company can apply
  • • Business involved in food production, textile, agriculture, services providing to community or society are eligible
  • • Minimum 2 years of business continuity
  • • Minimum 1 years of audit by registered chartered accountant

Note: - You can avail up to 10 Lakh as a maximum loan amount.

What are the factors generally affecting Mudra loan Eligibility Criteria?

There are top factors that generally affects e mudra loan eligibility criteria as given below: -

Lack of good credit report: - Your past financial behavior going to determine your future financial stability. Therefore, if in past years missed to do payments on timely manner, then probably you will looser the chances of getting loan.

Bad cash flow: - Lender want to check know about your company cash flow management, whether you are managing well or not, if it seems to be bad cash flow then possibility of chances gets lower.

What are the ways to increase Mudra loan eligibility?

To increase eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Maintain good record credit: - Lender usually check whether you are maintaining good credit by making payments on time & avoiding having multiple credit cards, if you are practicing these methods to maintain good record of credit, it will enhance your eligibility towards getting a loan.

Do paying tax on time: - This is one of the major methods to increase eligibility, take initiate to do paying tax on time to build credit score improve as well as lender confidence level increases.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PHOTOGRAPHS 2
  2. PAN CARD COPY
  3. AADHAR CARD + PASSPORT
  4. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  5. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  6. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  7. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  8. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  9. PROCESSING FEE CHEQUE IN FAVOUR OF BANKLAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PHOTOGRAPH BOTH
  2. PAN CARD CLEAR COPY PROPRIETOR
  3. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  4. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  5. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  6. LAST 1 YEAR GST RETURN COPY
  7. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  10. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  11. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  12. AGREEMENT TO SELL COPY
  13. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PHOTOGRAPH PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST RETURN LAST 1 YEARS
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

How to apply Mudra Loan?

Before applying for Mudra Loan make sure you have the mandatory document with you as given below:-

For identity proof (Any one of the following) -

  • Pan Card
  • Aadhar Card
  • Voter ID                                                                                        

What is Mudra Loan?

Anyone who runs small business enterprise is eligible to apply for Mudra Loan.

Mudra Loan divided are given three categories:

  • Shishu category
  • Kishore category
  • Tarun category

How to fill Mudra Loan application form?

Applicants will have to fill the MUDRA Loan application form online/offline and fill the required details. Mudra Loan by contacting bank or visiting your nearest bank branch.

Which bank gives Mudra Loan?

There are several banks whom provide Mudra Loan as given below:-

  • ICICI Bank.
  • Kotak Mahindra Bank.
  • Standard Chartered Bank.
  • Indian Bank.
  • State Bank of Patiala.
  • Bank of India.
  • Central Bank of India.

What is the repayment period in Mudra Loan?

The loan repayment period is extended to 60 months.

How to apply Mudra Loan in SBI ?

You can visit website and nearest bank branch in aspect of requesting a application form to fill required details with attaching necessary documents .

How much can I get in pm Mudra Loan?

You can get up to 10lakh has a maximum loan amount.

What are the three kinds of Mudra Yojana Loan?

  • Tarun: Rs.5 lakh to Rs.10 lakh
  • Kishor: Rs.50,000 to Rs.5 lakh
  • Shishu: Up to Rs.50,000

What is the Interest Rate applicable on PM Mudra Loan?

Interest Rate of PM Mudra Loan starting at 7.30% p.a.

Related Topics

credit-report
business Credit Report
Improve Credit Report
Get Financial Statement

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