MUDRA Loan Eligibility

Name: MUDRA Loan Eligibility
Brand: Paisabazaar
Rating: 4.2 (829 reviews)

A MUDRA loan, offered under the Pradhan Mantri MUDRA Yojana (PMMY), is designed to support small, non-corporate, and non-farm enterprises across India. It provides funding of up to Rs. 20 lakh to promote income-generating ventures in sectors such as manufacturing, trading, and services, as well as allied agricultural activities like poultry and beekeeping.

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Customer Rating

4.2_/5

829 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Business Loan EMI Calculator

Amount

₹

₹20 L

₹40 L

₹60 L

₹80 L

₹100 L

Amount

₹20 L

₹40 L

₹60 L

₹80 L

₹1 Cr

₹

50K2Cr

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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HDFC Bank

10 Second Disbursal*100% Digital Process*Quick Disbursal

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 12.5%

Tenure upto1-5 Years

Processing Fee₹ 6,500

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹25L

Rate of Interest9.99% - 17.15%

Tenure uptoUpto 6 Years

Processing FeeUpto 2%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Key Highlights

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Interest rates

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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.

Key Highlights of MUDRA Loan

Loan Facility	Cash Credit, Overdraft & Term Loan
Interest Rates	Depends on the internal policies of banks and NBFCs
Loan Amount	For the Shishu category - Up to Rs. 50,000 For the Kishor category - Above Rs. 50,000 to Rs. 5 lakh For the Tarun category - Above Rs. 5 lakh to Rs. 10 lakh For the Tarun Plus category - Above Rs. 10 lakh to Rs. 20 lakh
Tenure	Up to 3 years (up to 5 years for Shishu loans), depending on the internal policies of banks/NBFCs
Processing Fees	For the Shishu category (loans up to Rs. 50,000) - No processing fee
Processing Fees	For Kishor, Tarun and Tarun Plus categories – depending on the internal policies of banks/NBFCs

Eligibility Criteria of PM MUDRA Loan

Eligible borrowers of PMMY

Individuals
Proprietary concern
Partnership Firm
Private Ltd. Company
Public Company
Any other legal forms

Eligible Activities covered under MUDRA Loan

Transport Vehicle
Financing for the purchase of vehicles used to transport goods and passengers — including auto-rickshaws, taxis, e-rickshaws, small goods carriers, three-wheelers, tractors, power tillers, tractor trolleys, and two-wheelers (for commercial use only).
Community, Social & Personal Services
Loans for small service-based businesses such as salons, gyms, boutiques, photocopy and DTP centers, tailoring units, dry cleaning shops, pharmacies, beauty parlours, cycle/motorcycle repair shops, courier services, and similar enterprises.
Food Products Sector
Support for micro units involved in papad, bread, biscuit, jam, jelly, ice cream, achaar (pickle) making, rural-level food preservation, sweet shops, small catering units, canteens, cold storage, cold chain transport, and ice-making facilities.
Textile and Handicraft Sector
Assistance for textile-based enterprises like handloom, chikan and zari work, embroidery (traditional and computerized), dyeing, printing, khadi production, knitting, apparel design, cotton ginning, and non-garment textile products such as bags, furnishings, or vehicle accessories.
Business Loans for Traders and Shopkeepers
Credit for individuals engaged in trading, retail, or service-based enterprises, including non-farm income-generating activities, with a maximum loan limit of Rs. 10 lakh per borrower.
Equipment Finance for Micro Units
Funding for entrepreneurs to establish micro-enterprises by purchasing machinery or equipment, with a loan limit of up to Rs. 20 lakh per beneficiary.
Activities Allied to Agriculture
Loans for income-generating and livelihood-promoting ventures such as poultry, dairy, fishery, beekeeping, livestock rearing, agro-processing, grading, sorting, and agri-business centers. Note: Crop loans and land development activities (e.g., irrigation, canal or well construction) are excluded.

MUDRA Loan Interest Rates

Lender	Interest Rate (p.a.)
Axis Bank	15% – 19.35%
Bank of Baroda	8.40% – 11.10%
Canara Bank	8.70% – 14%
Central Bank of India	9.95% onwards
HDFC Bank	10.75% – 22.50% onwards
Indian Bank	9.90% onwards
Kotak Mahindra Bank	9.50% onwards
Punjab National Bank	8.50% – 9.75%
State Bank of India	12.15% onwards
Union Bank of India	9.75% – 11.00%

*Updated as of 11th November 2025

Avail Business Loan For
All Your Needs

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.

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FAQs

Mudra Loan eligibility can be improved by enhancing your source of income, maintaining a good repayment history, having no past loan defaults, and improving your creditworthiness.

You can check Mudra loan eligibility by visiting the official website of the desired bank and filling in the required details to clear the eligibility criteria.

Generally, banks do not check credit scores before sanctioning Mudra loans. However, it is recommended to maintain a good credit score to secure your financial future. Borrowers can also visit Paisabazaar and explore business loan offers based on their eligibility.

No, it is not mandatory to apply for a Mudra loan from a bank where you hold an account. However, having a bank account in the same bank might improve your chances of getting a Mudra loan approval.

No, the credit score is not checked by Banks/NBFCs if an applicant is applying for a Mudra loan.

Yes, only if the applicant is going to use these vehicles, such as tempos, taxis and auto-rickshaws for commercial purposes.

The age eligibility for a MUDRA loan ranges from 18 to 65 years. Applicants must be at least 18 years old at the time of application and not exceed 65 years at loan maturity. The scheme is open to individuals and various business entities meeting this age criterion

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What our customers say

Sab options ek saath dekhna bada helpful tha

Honestly, main har lender ki website khol-khol ke thak gaya tha. Paisabazaar pe sab rates ek jagah dekhne se decision ekdum easy ho gaya.

Aayush BhatiDec 3, 2025

Business chal raha tha slow, yahan se support mil gaya

Off-season ke time funds crunch ho gaya tha. Paisabazaar ke through loan milne se saara pressure halka ho gaya. Experience genuine laga.

Malvika RaoDec 2, 2025

Comparison ne mera half tension khatam kiya

Main confuse tha ki kis bank ko choose karun. Paisabazaar pe side-by-side comparison dekh ke ekdum clear ho gaya ki kaun sa lender mere business profile se match karta hai.

Sagar ThombreDec 2, 2025

Process simple tha, koi extra hungama nahi

Mujhe laga loan matlab paperwork ka dard. Yahan bas documents upload kiye aur process chal pada. Straightforward experience tha.

Pooja KhatriDec 1, 2025

Funding time par mil gaya, project rukha nahi

Machinery upgrade ka deadline tight tha. Paisabazaar ka streamlined process aur fast coordination ne ensure kiya ki loan time se mil jaye.

Jaya MahadikDec 1, 2025

Fast approval se kaam rukne nahi diya

Ek order complete karne ke liye working capital urgently chahiye tha. Paisabazaar ne jitni jaldi process kiya, utna honestly expect nahi kiya tha.

Rajveer SandhuNov 29, 2025

Trusted platform for business funding

Maine pehle bhi yahan se personal loan liya tha. Business loan experience bhi equally smooth tha. Platform trustworthy lagta hai.

Nitin PawarNov 25, 2025

Customer support genuinely helpful

Mujhe eligibility ko lekar confusion tha lekin support team ne call pe step-by-step samjhaya. Kaafi patient aur professional the.

Tanvi BansodeNov 25, 2025

Working capital issue solve ho gaya

Hamare cafe ko urgent working capital ki zaroorat thi. Paisabazaar ke through apply kiya aur within days loan disburse ho gaya. Bahut reliable service.

Prakash NairNov 25, 2025

Comparison feature ne kaam aasaan kar diya

Mujhe pata hi nahi tha ki itne saare lenders ek jagah compare kiye jaa sakte hain. Paisabazaar ne best rate choose karne mein bahut help ki.

Kavita SharmaNov 25, 2025

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Written By

Sumit Kumar

Reviewed By

Shamik Ghosh

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

*Applicable for selected customers

MUDRA Loan Eligibility

Business Loan EMI Calculator

Your Monthly EMI Payment

Find Best Business Loan Offers

Quick Links

How Can I Apply for a Business Loan Online?

Key Highlights of MUDRA Loan

Eligibility Criteria of PM MUDRA Loan

Eligible borrowers of PMMY

Eligible Activities covered under MUDRA Loan

MUDRA Loan Interest Rates

How Can I Apply for a Business Loan Online?

FAQs

How can I improve my eligibility for a Mudra loan?

How can I check my Mudra loan eligibility?

Will I be eligible for a Mudra loan, even if I have a bad credit score?

Do I need to have an account in the same bank to get a Mudra loan?

Is a credit score required by Banks/NBFCs for a Mudra loan?

Are MUDRA loans available for buying a tempo, taxi, or auto?

What is the MUDRA loan eligibility age limit?

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What our customers say

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