Mudra Loan
Mudra Loan
You can receive approval for the Mudra business loan up to 10 lacs. We've now reduced days of effort and multiple bank visits to obtain a mudra loan. To avail of the mudra business loan under the Pradhan Mantri Mudra Yojana (PMMY) for non-corporate, non-farming micro enterprises businesses, all you need to do is complete a simple application right to us and we will bring you the best affordable offers from 20+ banks. A simple loan with no collateral security, Mudra loans make profits by assisting and enhancing business operations in the production, manufacturing, facility, and buying and selling sectors.
Why choose us:
- A cutting-edge digital platform with a service-oriented design
- Convergence with Statutory Bodies is smooth.
- Advanced Algorithms for Borrowers and Lenders Linking
- Versatile tenancies with low-interest rates
Mudra Loan Eligibility Criteria:
MUDRA loans may be available for the following:
- Small-scale manufacturers
- Artisans
- Fruit and vegetable merchants
- Shop owners
- Individuals involved in agriculture
- Individuals must also provide different business statements and a revenue projection report as part of the MUDRA loan eligibility criteria.
What documents are required for Mudra Loans?
- Two recent passport-sized photos
- PAN Card, Aadhaar Card, Voter ID Card, Passport, and Driving License are all acceptable forms of identification.
- Aadhaar Card, Passport, Electric Bills, and Voter ID Card are all acceptable forms of address proof.
- Last six months' bank account statement, income tax returns/sales tax returns, audited balance sheets from the previous three years and projected balance sheets for the next two years for cash flow limits.
- Business license or registration certificate of the business, documents comprising the owner's details and address of the business, a rental contract, partnering deed, memos, memorandum of incorporation, title deeds and lease deeds, etc.
1. What if I don't have my ITR or bank account information?
If you do not need to file an income tax return, you can self-declare your financial information, and you can manually verify your bank account.
2. What exactly is collateral?
Protection in the form of an investment offered by the borrower to a lender to secure a loan if the borrower fails to repay the loan, the collateral can be used to retrieve failures.
3. Is it necessary for me to provide collateral to obtain a Mudra loan?
No, providing collateral for a mudra loan is not required. We enable eligible borrowers to obtain collateral-free loans by providing coverage.
