Paisabazaar Logo - Compare loans and credit cards

Bank of Baroda Mudra Loan

Bank of Baroda offers business loans for up to Rs. 20 lakh (as per Budget announcement and Official Gazette dated 24 October 2024) for a tenure of up to 7 years under the PM MUDRA Yojana (PMMY) scheme. Some of the business loan products offered by Bank of Baroda include term loan, working capital loan, etc. The business loan schemes offered by the lender include Bank of Baroda Digital Mudra Loans, Bank of Baroda Pradhan Mantri Mudra Yojana Loan and Bank of Baroda Weaver Mudra Loan.
iconicon
Get Cashback of ₹1,000* on Loan Disbursal
Valid till 31st March '26*T&C Apply
Get Business Loan

Avail up to ₹1 Cr starting at 13%

google-play-icon

Google Play Store

4.5/5

15.5L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Best Loan Offers

Best Loan Offers

Curated Offers from 20+ Lenders

Icon image of Unsecured Loan

Unsecured Loan

Term Loan & OD Facilities Available

Icon image of Expert Advice

Expert Advice

Guidance & Assistance

Icon image of Top Up Facility

Top Up Facility

Loan to Get Additional Funds

Find Best Business Loan Offers

Sort by:

HDFC Bank
Max Loan Amt.Upto ₹75L
Rate of Interest10.75% - 28%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
ICICI Bank
Max Loan Amt.Upto ₹50L
Rate of Interest13.25% 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%
Axis Bank
Max Loan Amt.Upto ₹75L
Rate of Interest15% - 19.25%
Tenure uptoUpto 5 Years
Processing FeeUpto 2%

Quick Links

Why Choose Paisabazaar?
image of Compare & Choose the <strong>Best Offer</strong>

Compare & Choose the Best Offer

image of Pre-approved Offers with <strong>Instant Disbursals</strong>

Pre-approved Offers with Instant Disbursals

image of Know Your <strong>Chances of Approval</strong>

Know Your Chances of Approval

image of End-to-End <strong>Digital Process</strong>

End-to-End Digital Process

Select Your Bank

₹
1L1Cr
8%30%
1Y 20Y

Your Monthly EMI Payment

₹0

Principal Amount₹0
Interest Amount₹0
Total Amount₹0

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

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.

Bank of Baroda MUDRA Loan Highlights

Interest Rate For Digital MUDRA Loan 8.40%-10.75% p.a.
Loan Amount
  • Bank of Baroda MUDRA Loan: Up to Rs. 20 lakh across 4 categories (Shishu, Kishor, Tarun and Tarun Plus)
  • Bank of Baroda Digital MUDRA Loan: Rs 10. lakh in 3 categories (Shishu, Kishor and Tarun)
  • Bank of Baroda Weaver MUDRA Loan: Rs. 5 lakh (inclusive of working capital finance and demand loan)
Loan Tenure
  • MUDRA Loans: Up to 7 years for term/demand loan and 1 year for working capital loan
  • Digital MUDRA Loans: Up to 5 years for term loans and 1 year for working capital loans

Bank of Baroda MUDRA Loan Interest Rates

Bank of Baroda has not disclosed the interest rate of the MUDRA loan. However, the bank has specified the interest rate for the Digital MUDRA Loan, which starts at 8.40% p.a.

Interest Rates for Digital MUDRA Loan for Micro and Small Enterprises

Loan Amount Micro Enterprises Small Enterprises
Up to Rs 50,000 8.4 10.4
Above Rs 50,000 to Rs 2 lakh 10.4 10.6
Above Rs 2 lakh to Rs 10 lakh 10.6 10.75

 

Fees and Charges for Bank of Baroda MUDRA Loan

The fees and charges for availing Bank of Baroda MUDRA Loans are mentioned below:

Bank of Baroda MUDRA Loan

Particulars Charges
Processing fees Nil
Prepayment charges Nil

Bank of Baroda Weaver MUDRA Loan

Particulars Charges
Upfront/processing fees As per the bank’s policy

Types of Bank of Baroda MUDRA Loans

Bank of Baroda Pradhan Mantri MUDRA Yojana

Purpose:

MSMEs engaged in trading, manufacturing, and the service sector, as well as allied agricultural activities such as horticulture and fisheries, can avail PM MUDRA Yojana loans from Bank of Baroda to expand and modernise.

Maximum Loan Amount:

  • Shishu: Loans up to Rs. 50,000
  • Kishore: Loans from Rs. 50,000 to Rs. 5 lakh
  • Tarun: Loans from Rs. 5 lakh to Rs. 10 lakh
  • Tarun Plus: Loans from Rs. 10 lakh to Rs. 20 lakh

Note: Tarun Plus is offered to those individuals who have previously availed and successfully repaid loans under the Tarun category.

Loan Tenure:

  • For term/demand loan: The repayment tenure is up to 7 years with a suitable moratorium, subject to annual review.
  • For working capital: The loan tenure is 1 year, subject to annual review.

Security:

  • Hypothecation of assets created by the bank’s finances. The bank does not ask for collateral security.

Insurance/Guarantee:

  • Bank of Baroda MUDRA loan is covered under the CGTMSE coverage.

Bank of Baroda Digital MUDRA Loan

Purpose:

Bank of Baroda Digital MUDRA Loan is an online loan facility for the MSME units engaged in trading, manufacturing or services sectors. MSMEs can visit the Bank of Baroda website or the BOB World application to avail this loan facility. This facility can be availed to arrange working capital loans or term loans for running business operations. However, business owner(s) cannot use the fund proceeds from this loan facility to fulfill their personal consumption needs.

Repayment Period

  • Business Loan/Term Loan (subject to annual review): Repayment tenure of up to 5 years 
  • Working Capital: For 1 year from the date of sanction

Maximum Loan Amount:

  • Shishu MUDRA Loan: Rs. 10,000 to Rs. 50,000
  • Kishore MUDRA Loan: Above Rs. 50,000 to Rs. 5 lakh
  • Tarun MUDRA Loan: Above Rs. 5 lakh to Rs. 10 lakh

Margin/Promoter’s contribution:

  • The margin or promoter’s contribution is decided based on the bank’s policy framework.

Moratorium (for term loan):

  • Shishu MUDRA Loans: No Moratorium
  • Kishore MUDRA Loans of up to Rs. 2 lakh: Moratorium up to 3 months
  • Kishore MUDRA Loans of above Rs. 2 lakh: Moratorium up to 6 months
  • Tarun MUDRA Loans: Moratorium up to 6 months

Collateral security:

  • The lender creates the first charge on all the assets of the loan
  • No collateral security is required

Bank of Baroda Weaver MUDRA Loan

  • Purpose: Bank of Baroda Weaver MUDRA Loan enables weavers, both in rural and urban areas, to avail working capital/demand loans for meeting their working capital needs along with purchasing looms or for other capex requirements. The beneficiaries of this scheme will get a MUDRA Card with a daily withdrawal limit of Rs. 5,000.
  • Interest Rate: The interest rate for Bank of Baroda Weaver MUDRA Loan is linked to the MCLR based on the prevailing rate applicable for the MSME segment, although the lender has not disclosed the interest rate range for this business loan scheme.
  • Maximum Loan Amount: Rs. 5 lakh (inclusive of working capital finance and demand loan)
  • Margin: 20% of the project cost (working capital expenses and capital expenditure). The margin of up to Rs. 10,000 or 20%, whichever is less, will be provided by the Govt. of India
  • Limits:
    • For demand loan: 80% of the total cost of looms and other capital expenditure
    • Working capital limit: Bank finance is 20% of the projected/estimated turnover, less margin
  • Security: The security for this MUDRA loan scheme includes an exclusive hypothecation charge on both stock and machinery.
  • Guarantee: This MUDRA loan is covered under the CGTMSE coverage.

Avail Bank Of Baroda For
All Your Needs

Bank of Baroda MUDRA Loan Eligibility Criteria

The business loan eligibility criteria set for availing Bank of Baroda MUDRA Loans are as follows:

Bank of Baroda MUDRA Loan

  • The MSMEs eligible for availing this loan facility include non-farm enterprises, business units engaged in allied agricultural activities like horticulture, fisheries, etc., and entities under the MSME segment engaged in manufacturing, trading and services
  • These enterprises must be engaged in income-generating activities with credit needs of up to Rs. 20 lakh.

Bank of Baroda Digital MUDRA Loan

  • Individuals, proprietorship, partnership firm, private or public ltd. companies can avail Bank of Baroda Digital MUDRA Loans
  • The loan applicant should not be a defaulter with any bank or financial institution and must have a satisfactory credit track record for availing this loan facility.
  • The borrowers may be required to have the relevant skills, knowledge or experience to complete the proposed activity.

Bank of Baroda Weaver MUDRA Loan

  • Existing/experienced handloom weavers involved in the weaving activity are eligible to avail the Bank of Baroda Weaver MUDRA Loan.

Documents required for Bank of Baroda MUDRA Loan

Bank of Baroda MUDRA Loan

  • ID proof (any one): Aadhaar, PAN, Driving License, Passport, Voter ID, govt. issued photo ID of all business loan applicants (for joint loans).
  • Proof of residence (any one): Latest utility bill, Aadhaar, Voter ID, Passports, bank account statement of all business loan applicants (for joint loans).
  • Documents for business ID and address proof (licenses, registration certificates/deed copy, etc.)
  • Proof of minority, if any
  • Latest photographs of loan applicant(s)
  • Proof of requirement for a loan, like vendor details, equipment quotations, etc.
  • Duly filled application form for MUDRA loan

Bank of Baroda Digital MUDRA Loan

  • Bank statement of the last 6 months downloaded from the respective bank’s website/ received from the bank's mail ID, along with details like account number and IFSC Code
  • Details of business registration (if applicable) and KYC of business and business partner, promoter or proprietor
  • Details of associate concern(s)
  • Details of existing loans
  • PAN, GSTN username (if the business unit is registered with GSTN), Mobile no registered with GSTN and email ID
  • Udyam registration certificate

How Can I Apply for a Business Loan Online?

Get up to ₹1 Crore in 5 Simple Steps

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.

Explore Our Business Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankICICI BankICICI BankIDFC First BankIDFC First BankKotak bankKotak bankTata CapitalTata Capital
View All Partners

Avail Bank Of Baroda For
All Your Needs

Business Loan Articles

icon image of Unsecured Business Loans: Lenders Notice More Than Just Your Credit Score

Unsecured Business Loans: Lenders Notice More Than Just Your Credit Score

icon image of Paisabazaar
Paisabazaar26 Aug 2025
icon image of Secured vs. Unsecured Business Loans: Which One Should You Choose?

Secured vs. Unsecured Business Loans: Which One Should You Choose?

icon image of Vandana Punj
Vandana Punj04 Apr 2025
icon image of How to Choose the Right Business Loan

How to Choose the Right Business Loan

icon image of Vandana Punj
Vandana Punj03 Apr 2025
icon image of MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India

MSME – Its Meaning, Classification, Loan Schemes, Role and Importance in India

icon image of Rahul Misra
Rahul Misra29 Jan 2025
icon image of Ways To Raise Capital For Your Startup Business

Ways To Raise Capital For Your Startup Business

icon image of Rahul Misra
Rahul Misra29 Dec 2024
icon image of 6 Reasons for Your Business Loan Application Getting Rejected

6 Reasons for Your Business Loan Application Getting Rejected

icon image of Rahul Misra
Rahul Misra01 Dec 2024
icon image of Business Loan or Overdraft – Which is Better?

Business Loan or Overdraft – Which is Better?

icon image of Rahul Misra
Rahul Misra09 Aug 2024
icon image of Types of Business Loans in India

Types of Business Loans in India

icon image of Rahul Misra
Rahul Misra01 Jan 2024
icon image of 5 Best Business Loan Schemes for Women Entrepreneurs

5 Best Business Loan Schemes for Women Entrepreneurs

icon image of Rahul Misra
Rahul Misra13 Apr 2023
icon image of 6 Business Ideas to Make Money Fast

6 Business Ideas to Make Money Fast

icon image of Rahul Misra
Rahul Misra29 Mar 2023
View All Articles
quotes icon

What our customers say

Business loan complex hotta h

Business loan thoda complex lagta h muhje, lekin Paisabazaar pe team ne sab steps simple bana diya muhje ache se support kiya. Thank you.

icon image of avatar
Meher SinghJan 22, 2026

Hassle-free Business Loan

I would like to take a moment to sincerely appreciate Rohit Kumar\'s (EW25946) continuous support and clear communication. Your timely responses, cooperation, and willingness to help have made a significant difference and contributed greatly to smooth coordination and successful outcomes. Your professionalism and positive approach are truly commendable, and it has been a pleasure working with you. Thank you for your dedication and for maintaining such effective communication throughout.

icon image of avatar
MD Gausar AlamJan 20, 2026

Business loan liya tha, interest acha mila

Muhje darr tha ki interest rate kahi lenders jda na charge krle, phir paisabazaar pe sahi interest rate milla. Mera credit profile dekh ke or bhi bht saare factors consider karke interest rate milla.

icon image of avatar
Mohit DasJan 15, 2026

Uncle ne bataya tha Paisabazaar ke baare mai

Mai online loans ke baare mai jada nhi janta, mere chacha ne bataya tha ki Paisabazaar se loan acha milta hai. Try kiya or asli mai bohot acha experience tha.

icon image of avatar
Raju RastogiJan 14, 2026

Boutique ke liye small loan liya tha

Boutique ke liye small loan liya tha. Small entrepreneurs ke liye bht important hota hai sahi jagah se loan lena. Paiabazaar ki team bohot helpful hai.

icon image of avatar
Vanni KumariJan 13, 2026

Loan approval ke chances dikhate h

Paisabazaar se business loan lo toh pata rehta h ki kaha loan approval ke chances jada hai. Isse thoda tension kam jata h rejection ka. Acha feature hai.

icon image of avatar
Sobhit GuptaJan 5, 2026

Advisors bohot ache the

Business loan thoda confusing hota h. Advisors ne sahi guide kiya. Thanks you.

icon image of avatar
Prakash MishraJan 4, 2026

Trusting platform

I take business loan from Paisabazaar two months before. very nice experience. No jhamela, only good work done. Thank you

icon image of avatar
Priya ShawDec 30, 2025

Chote business ke liye bhi loan mila

Chote businesses ko loan milne mai dikkat hoti hai lekin yaha mil gaya. Thank you for helping small business also. Good job keep it up.

icon image of avatar
Rupesh SharmaDec 29, 2025

Quick and easy steps

Business loan apply karne se pehle yeh sochke dar lagta tha ki bohot mehnat lagegi. Lekin mai toh surprise hi hogayi Paisabazaar ka simple or easy steps dekh ke. Itna smooth process tha ki bikul hi samjh nhi aaya kab loan approve hua or kab account mai paise agaye.

icon image of avatar
Ishita SinghDec 28, 2025
View All Testimonials
Sumit Kumar profile
Written ByLinkedIn icon
Sumit Kumar
Shamik Ghosh profile
Reviewed ByLinkedIn icon
Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners

*Applicable for selected customers

Knapsack with coins

Check Best Business Loan Offers
with Quick Disbursal

Scroll to top