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MUDRA Loan Eligibility

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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%

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Why Choose Paisabazaar?
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Choose from 20+ Partner Banks/NBFCs

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Pick from Secured & Unsecured Options

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Get Working Capital & Top-Up Loan Solutions

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Flexible Tenure of Up to 4 years

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.

Apply Now

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
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 firms

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.

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All Your Needs

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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.

Apply Now

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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 a MUDRA loan. 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.

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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.

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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.

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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.

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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.

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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.

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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.

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Sobhit GuptaJan 5, 2026

Advisors bohot ache the

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

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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

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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.

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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.

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Ishita SinghDec 28, 2025
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