| Facility | Term Loan, Overdraft, Cash Credit or non-fund-based facilities such as bank guarantees, etc |
|---|---|
| Loan Amount | For the Shishu category - Up to Rs 50,000 For the Kishore category - Above Rs 50,000 to Rs 5 lakh For the Tarun category - Above Rs 5 lakh to Rs 10 lakh (Up to Rs 20 lakh under Tarun Plus category as per Budget announcement and Official Gazette, 24 October 2024) |
| Collateral | No collateral is required |
Axis Bank Mudra Loan
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15.6L Reviews

Avail up to ₹1 Cr starting at 13%
15.6L Reviews
Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
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Choose from 20+ Partner Banks/NBFCs
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Get Working Capital & Top-Up Loan Solutions
Flexible Tenure of Up to 4 years
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Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
Axis Bank Mudra Loan Highlights
Axis Bank Mudra Loan Interest Rates
Axis Bank has not disclosed the interest rates of the Mudra loan. Prospective Mudra loan borrowers can visit Axis Bank branches to get detailed information about the Axis Bank Mudra Loan interest rates.
Features of Axis Bank Mudra Loan
Loan Amount
Axis Bank Mudra loans offer loan amounts of up to Rs 10 lakh and are categorised as follows to signify the stage of development, growth and funding needs of the borrower:
| Categorisation | Loan Amount |
|---|---|
| Shishu | Up to Rs 50,000 |
| Kishor | Above Rs 50,000 to Rs 5 lakh |
| Tarun | Above 5 lakh to Rs 10 lakh* |
*However, as per the Budget announcement and the Official Gazette dated 24 October 2024, a new loan category, Tarun Plus, has been introduced, offering loans ranging from above Rs 10 lakh to Rs 20 lakh. The loan is offered to those eligible individuals who have previously availed and successfully repaid loans under the Tarun category.
Credit Facility
Collateral: The loans covered under Mudra loans are collateral-free loans
Type of loan facility: Mudra loan applicants can avail loan in the form of term loans, overdrafts, cash credit or non-fund-based facilities such as bank guarantees, letters of credit, etc.
Fees & Charges for Axis Bank Mudra Loan
Axis Bank has not explicitly mentioned the fees and charges of the Mudra loan. Prospective borrowers can visit Axis Bank branches for detailed information.
Axis Bank Mudra Loan Eligibility Criteria
Axis Bank offers PM MUDRA Yojana loans to small and micro enterprises in the non-farm sector that fall below the mentioned criteria:
Documents Required for availing Axis Mudra Loan
Stated below are the documents required for availing Mudra Loan from Axis Bank:
How Can I Apply for a Business Loan Online?
Step 1: Enter your mobile number in the application form.
Step 2: Enter OTP to verify your mobile number.
Step 3: Provide your personal details.
Step 4: Select a bank account for account aggregator consent.
Step 5: Compare offers and apply for the best-suited loan.
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