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Axis Bank Mudra Loan Highlights
| 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 |
Note: Updated as of 2 April 2025
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:
- Engaged in income-generating activities
- Engaged in manufacturing, trading and services including allied agricultural activities
- Applicant whose credit needs are up to Rs 10 lakh
Documents Required for availing Axis Mudra Loan
Stated below are the documents required for availing Mudra Loan from Axis Bank:
- Identity Proof – Self-certified copy of Voter’s ID card /PAN Card/Aadhar Card/Driving License /Passport
- Residence Proof – Latest telephone bill, a property tax receipt (not older than 2 months), electricity bill, Aadhar Card, Voter’s ID card and Passport of Proprietor/Partners/Directors.
- Proof of SC/OBC/ST/Minority
- Identity Proof/Address Proof of the Business Enterprise – Registration certificates/Copies of relevant licenses/other documents about the identity, ownership and address of the business unit.
- Applicant should not be a defaulter in any Bank or Financial institution.
- Statement of accounts (for the last 6 months), from the existing banker, if any.
- Last 2 years’ balance sheets of the units along with income tax return or sales tax return etc. (Applicable for all cases from Rs 2 lakh and above).
- Projected balance sheets for 1 year in case of working capital limits and for the period of the loan in case of term loan (Applicable for all cases from Rs 2 lakh and above).
- Sales achieved during the current financial year up to the date of submission of application.
- Project report (for the proposed project) containing details of technical & economic viability.
- Memorandum of association and articles of association of the company or Partnership Deed of Partners etc.
- In the absence of a third-party guarantee, an Asset & Liability statement from the borrower including Directors & Partners may be sought to know the net-worth.
- 2 Photocopies of Proprietor/ Partners/ Directors.