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Mudra Loan

About Mudra Loan

Apply for Mudra Loan for your convenience

At Loanzbazar we help you apply for Mudra loan under the Pradhan Mantri Mudra Yojana. We help you apply for loans as per your convenience. The loan will provide you financial assistance ranging from Rs 50,000 to Rs 10 Lakhs. Submit all your documents and we will assist you in the process.

The Mudra loan stands for Micro-Units Development and Refinance Agency. If you want to apply for Mudra loan, we can help you with the application process. Furthermore, we will also help you with the entire approval process.

Connect with us to know more.

Loan Amount

25,000

25,00,000

Rate of interest

11.00%

36%

Loan Tenure

6 Months

72 Months

Calculated EMI*

Your mudra loan will be given to you in an instant

Are you looking to apply for a mudra loan? At Loanzbazar we help you get the loan of your choice. In 2015, the Pradhan Mantri Yojana was introduced to ensure that all small businesses get an opportunity to grow.

The Mudra loan by Loanzbazar is available for businesses from all sectors- profit and non-profit. Businesses who want to grow or just start, we can assist in the entire process. We provide them instant approval for the loan within 24-36 hours thereby determining easy growth. Different businesses such as small businesses, self-employed entrepreneurs, small scale manufacturers and more can apply for the Mudra loan.

Check Loan Eligibility at loanbazar

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Benefits of applying for loan from LoanzBazar

Applying for Mudra loan has never been easier with Loanzbazar. Check details here:

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Instant approval

At Loanzbazaar, we help you get approval for your Mudra loan within 36 hours.

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Flexible Repayment Option

We have flexible repayment options for your loan. Once your tenure of 6 months is over, we help you switch to higher repayments.

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Pay EMI for long time

The tenure for paying back the loan is pretty high. Our loan tenure will vary from 6 months to 60 months.

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Higher loan amount

We check your eligibility and provide you the loan from Rs 50,000 to Rs 10 lacs.

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Expert assistance

We have experts who will get you through the entire process of applying for a loan.

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Complete transparency

We don’t have any hidden charges. Whatever charges are there will be conveyed to you.

Documents to Apply for a Mudra Loan

When applying for a Mudra Loan, you will need to submit the following documents:
  1. PAN Card
  2. Identity proof (Aadhaar Card, Driving licence, Passport, Voter ID, etc.)
  3. Signature Proof (Passport, PAN card, etc.)
  4. Address proof (Passport copy, Aadhaar card, driving licence, utility bill – gas or electricity bill, Voter ID ,ration card, rent agreement, etc.)
  5. Bank statements of the past 6 months
As a salaried individual, you additionally need to submit the following:
  • As a salaried individual, you additionally need to submit the following:
  • Income Tax Returns for the last 2 years
  • Doctor proof (License, registration certificate, GST number)
  • IT Assessment OR Clearance Certificate
  • Income Tax Challans OR TDS Certificate (Form 16A) OR Form 26 AS for income declared in ITR
Please note that depending on your individual profile and Fullerton India’s policy at the time of loan application, additional documents may be requested.

Loanbazar Mudra Loan Eligibility

  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai,Mumbai or Hyderabad.

What does a mudra loan cover?

Loanzbazar has a solution for everyone. We can assist you in the process of applying for Mudra loan in very easy steps. If you want to start your business with non-farm income generating activity, we can assist you. Our Mudra loan covers the processing, manufacturing and trading sector.

Flexible Repayment options

Final installment options for a loan will be decided based on your profile and inputs.

Mudra Loan

Repayment done via Fixed Equated Monthly Installments, where EMI=Principal + Interest. Each Installment reduces both interest and Principal amount. Ideal when: You know the precise Loan Amount needed and your income is consistent.

How to apply

Avail our personal loans through your preferred platform and enjoy unmatched convenience at your fingertips…

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Via Website

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Via Our App

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Via WhatsApp

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Via Call

Compare the mudra loans at Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.

Our mudra loans are available across Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore. Submit your business documents and we will help you with the loan approval.

Bank Name Rate of Interest for Salaried Employee
HDFC Bank 10.99% - 17.85%
Axis Bank 11.99% to 24%
ICICI Bank 10.99% - 17.85%
Standard Chartered Bank 11% - 16%
IndusInd Bank 14% - 16%
Kotak Bank 11.50% - 24.00%
Bajaj Finance 14.25% - 16.75%
HDB Finance 14% - 21%
Fullerton Finance 13.00% - 24.00%
State Bank of India 11.00% - 17.65%
IDFC Bank 10.99% - 17.85%
IDFC Bank 10.99% - 17.85%
Tata Capital 13.50% - 18%
Yes Bank 12.50% - 16.00%

FAQs

The mudra loans are available for mostly small scale businesses. You apply for the loan with us and we will go through the documents thereby helping you get approval within 36 hours.

All the details regarding the process of applying for mudra loan is given above. Check them out

The eligibility criteria for mudra loan is given in the sections above. Read it above.

If you don’t know how to apply for the loan, our experts will guide you about it. You can reach out to us via the given contact information and we will assist you.

The mudra loans are available in Mumbai, Pune, Navi Mumbai, Thane, Delhi and Bangalore.