Features and Benefits of a Mudra Loan
For Small Businesses
Max loan of Rs. 10 Lakh under the Tarun scheme.
Fixed Rate
Interest rate at 11.30%* p.a. for better planning.
Variable Tenure
Choose between 12 to 84 months for repayment.
Mudra Loan Eligibility Criteria
- They should be involved in income-generating activities as a non-corporate small business.
- They should be a KYC-compliant borrower.
- They should have been in business operations for at least 6 months.
Mudra Loan Documents
- Loan Application in bank’s prescribed format
- KYC documents.
- Financial statements.
- Quotation/Proforma invoice for assets.
- Rental agreement (if applicable).
- Guarantor details.
