The MUDRA loan is provided under the Pradhan Mantri MUDRA Yojana (PMMY) to non-farming and non-corporate micro and small enterprises.
These enterprises can avail loans up to Rs.10 Lakh under the MUDRA (Micro Units Development & Refinance Agency Ltd.) scheme.
We provide information in two launguage to understand better way of mudra loan Yojana.
1) HINDI
2) ENGLISH
PM Mudra Loan Yojana application contains all the information about this usefull initiative . With this application you get to know most of the information Pradhan Mantri MUDRA Yojana (PMMY). How it works ,
document required for this Loan, Supported business etc
Document required for this Loan, Supported business etc
:- Loan Amount: ₹1,000 up to ₹10,00,000
:- Minimum Annual Percentage Rate (APR): 8%, Maximum APR: 18%
:- Minimum repayment period: 6 months, Maximum repayment period: 36 months
:- Processing Fees: 0%
:- If customers opt for a Value-Added Service, the fee for the same shall be levied additionally
Example
Loan Amount- Rs. 1 Lakh
Tenure -4 Years
Interest -12%
Monthly EMI = Rs.2633
Total repayment = Rs.1,26,402
Loan Types :
Online loan, a good choice to help you, you can get a loan through direct bank transfer. All you need is your PAN Card & Address Proof to avail ₹1,000 to ₹50,000 for a tenure ranging from 90 days to 6 months.
What is Mudra loan
Mudra Money is a fast, secure, reliable, and free Android mobile banking app, available in India. We make getting a personal cash loan easy and fast: download the app, answer a few questions and get instant cash loans approved in under 5 minutes.
Eligibility -
+ Indian Resident.
+ Source of a monthly income.
+ 20-60 years old.
Loan Amount: Rs 5,000 to Rs 1,00,000
+ Minimum Annual Percentage Rate (APR): 10% to 24%, Maximum Annual Percentage Rate: 10% to 36% (reducing balance)
+ Minimum repayment period: 91 days, Maximum repayment period: 24 months
+ Processing Fees: Max (₹350 + GST, Up to 2%-7% of the loan amount plus GST)
+ Prepayment Fees: 2.50% prepayment amount
+ Your bank may also levy charges in case of a bounce.
Easy-to-Apply Process
+ Download the Mudra Loans App
+ Provide basic details & check your eligibility in 2 mins!
+ Choose your loan amount & repayment tenure
+ Complete your KYC and verify your income
+ Get the money transferred directly to your Bank A/c in a few hours!
Mudra loan - Loan Instant Features :
1. 100% Online process/B
2. Fund safety, protected by advanced server
3. Loan transfer via bank
Mudra Bank Loan Yojana app provides information regarding how to apply, procedure and other key information about Mudra Loan Yojana.
Additional information :
Customer Service Email:
[email protected]
Customer Service Hotline: Monday- Sunday, 8 a.m. to 18:30 p.m.
Address: S-1/2, Ajay Enclave Extension, Ajay Enclave, Meenakshi Garden, Ashok Nagar, New Delhi, Delhi 110018
Transparency: Loans from RBI certified NBFCs/Banks are made available to our customers. The NBFCs/Banks we work with are:
HERO FINCORP LIMITED
Home Credit & Finance Bank