| Loan Amount |
(Up to Rs 20 lakh under Tarun Plus category as per Budget announcement and Official Gazette, 24 October 2024) |
Note: Rates as of 4th February 2025
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| Loan Amount |
(Up to Rs 20 lakh under Tarun Plus category as per Budget announcement and Official Gazette, 24 October 2024) |
Note: Rates as of 4th February 2025
HDFC Bank has not disclosed the interest rates offered for its Mudra loan scheme. However, customers can connect with the bank to get detailed information about HDFC Mudra Loan interest rates.
Under HDFC Bank Mudra loan scheme, consumers can avail loan amounts of up to Rs 10 lakh and are categorised to signify the stage of development, growth and funding needs of the borrower. The categories are as below:
| 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* |
*As per the Budget 2024-25 announcement and the Official Gazette dated 24 October 2024, a new loan category, Tarun Plus, has been introduced, offering loans between Rs 10 lakh and Rs 20 lakh to those eligible individuals who have previously availed and successfully repaid loans under the Tarun category.
HDFC Bank has not specified the fees and charges for its Mudra loan scheme. However, lenders usually levy processing fees, prepayment charges, late payment charges, etc. from their mudra loan applicants. Prospective borrowers can visit HDFC Bank branch for detailed information on the same.
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The eligibility criteria for HDFC Bank Mudra Loans are as follows:
The documentation for HDFC Bank Mudra Loans are as follows:
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