Mudra loan Yojna guide application.

➖ Loan amount: From ₹1,000 to ₹500,000
➖ Interest rates: From 0% to 29.00% per annum
➖ Tenure: 90 days to 12 months


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.

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

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.

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

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.

A representative example of the total cost of the loan Amount:
+ Amount Borrowed (Principal) = ₹14,999/-
+ Interest Rate (APR) = 10% to 36% (on Reducing Principal Balance interest calculation)
+ Tenure = 6 months
+ Processing Fee (incl. GST) = ₹826
+ Amount disbursed = ₹14,173
+ Your EMI amount = ₹2769 (based on PMT method, sample monthly payment)
+ Interest amount = ₹2769 x 6 - ₹14999 = ₹1614(sample interest calculation)
+ Total Cost of Loan = Processing Fee + Interest Amount + Late Fee = ₹826 + ₹1614= ₹2440
+ Principal repayment amount = ₹14,999/- (same as amount borrowed)
+ Total repayment amount = Principal repayment amount + Interest Amount + Fee = ₹14,999 + ₹1614 + ₹0 = ₹16,613

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.

Online loan for Salaried example:

+ Loan amount: Rs. 50,000
+ Tenure: 12 months
+ Interest Rate: 20% per annum
+ Processing Fee: Rs. 1,250 (2.5%)
+ New customer onboarding Fee: Rs. 200
+ GST on Processing and Onboarding Fees: Rs. 261
+ Total Interest: Rs. 5,581
+ EMI: Rs. 4,632
+ APR: 23.2%
+ Loan amount is Rs. 50,000. Disbursed amount is Rs. 48,289. Total loan repayment amount is Rs. 55,581

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

Data Security:

Data security and privacy are a top priority at Avail Finance. We don't share your data with any third party without your consent and all the transactions are secured via 128-bit SSL encryption.

Contact us
You can contact us by email: [email protected]
or
WhatsApp Customer Service from Monday to Sunday from 9:00 am to 18:00 pm!

Address: Plot No 12/3, D Block, RadhaKunj Colony, Sector 1223, Pusta Rd, Ambedkar City, Noida, Uttar Pradesh 201307.