Mudra Loan Yojna - मुद्रा बैंक लोन योजना

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


Mudra loan Yojna guide application.

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

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.

A representative example of the total cost of the loan Amount:
+ Amount Borrowed (Principal) = ₹14,999/-
+ Interest Rate (APR) = 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): 14%, Maximum Annual Percentage Rate: 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

Mudra Bank Loan Yojana app provides information regarding how to apply, procedure and other key information about Mudra Loan Yojana.