Download AppWin Assured Cashback
Paisabazaar Logo - Compare loans and credit cards

MUDRA Loan Eligibility

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.
icon
Get Cashback of ₹ 1,000* on Loan Disbursal
Valid till 31st May '26 *T&C Apply
Get Business Loan

Avail up to ₹1 Cr starting at 13%

google-play-icon

Google Play Store

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
Icon image of Wide Choice

Wide Choice

Curated offers from 30+ lenders

Icon image of Quick Disbursal

Quick Disbursal

Money in your account instantly

Icon image of SmartMatch

SmartMatch

Offers ranked according to eligibility

Icon image of Digital Process

Digital Process

Hassle-free & paperless

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 Choose from <strong>20+ Partner Banks/NBFCs</strong>

Choose from 20+ Partner Banks/NBFCs

image of Pick from <strong>Secured & Unsecured</strong> Options

Pick from Secured & Unsecured Options

image of Get <strong>Working Capital & Top-Up Loan</strong> Solutions

Get Working Capital & Top-Up Loan Solutions

image of <strong>Flexible Tenure</strong> of Up to 4 years

Flexible Tenure of Up to 4 years

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?

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.
Mudra Loan Related Resources
Mudra Loan Mudra Loan EMI Calculator How to Apply for Mudra Loan Online
Mudra Loan Interest Rates Mudra Loan Application Form Mudra Loan Project Report
Mudra Loan Documents Mudra Loan Subsidy

Avail Business Loan For
All Your Needs

Avail Business Loan Banner

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

Explore Our Business Loan Lenders

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

Avail Business Loan For
All Your Needs

Avail Business Loan Banner

FAQs

How can I improve my eligibility for a MUDRA loan?

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.

How can I check my MUDRA loan eligibility?

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.

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

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.

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

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.

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

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

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