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Home Loan Business Loan
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Choose Secured or Unsecured Business Loan

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Rate Of Interest starting from 14%.

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Minimal Documentation

How Business
Loan Works?

Business Loans refer to the funds that a business needs to establish itself, provide funds, and expand in the future. Renting office space, paying employees, paying for raw materials, and purchasing machinery and long-term assets are all required for a business to function.

Get Business Loan from My Mudra with minimal documentation and enjoy fast approval. Rate of Interest starting from 14% R.O.I. 


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How Business Loan Works?

Eligibility and Documentation
For Business Loan

Eligibility Criteria for the Business Loan

  • Age: The age of the borrower should be between 21 years to 60 years. 
  • Citizenship: The borrower must be a citizen of India
  • Business Vintage: The business must be running for 3 years. 
  • CIBIL Score: 700 pr higher

Requirements for a business loan is mentioned below.

1. Adhaar Card

2. PAN Card      

3. Photo     

4. GST Registration       

5. UDHYAM Registration      

6. GST Returns       

7. Financial details of the company      

8. Bank statement for one year      

9. Details of the running loans       

10. The age of the borrower should be between 21 to 60 years.

11. Tenure of the loan 3 years


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Eligibility and Documentation For Business Loan

How to apply for
Business Loan

Apply for business loan online from My Mudra easily. Get your business loan approved by top banks instantly. 

1. Apply with a click.

2. Get your documentation done online. 

3. Get your business loan approved and disbursed in the shortest interval of time from My Mudra.


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How to apply for Business Loan

Which banks to apply for Business Loan

Banks and NBFC

Interest Rate

Bajaj Finserv

9.75% - 30% p.a.

HDFC Bank

10% - 22.50% p.a.

Tata Capital

12% p.a. onwards

IDFC Bank 

10.50% p.a. onwards

Lendingkart

12% - 27% p.a.

 

Business Loan EMI Calculator

Loan Amount

₹

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs:23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

5,64,882
Rs

your loan details as specified by you

Loan Amount
5,00,000
Rs
Tenure
24
M
Interest Rate
12
%
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Frequently Asked Questions
On Business Loan

What is the tenure of the business loan?
The tenure of the business loan is between 12 months to 60 months.
Why do we need a business loan?
A business loan is usually taken to finance the needs of a business and to ensure its smooth running of it.
When should we take a business loan?
Business loans can be taken to cover the expense of maintaining furniture, machinery, buildings, offices, and factories, as well as intangible assets such as patents, trademarks, and copyrights.
What is the interest rate of a Business Loan?
The interest rate of the business loan depends on the bank, it starts from 13% R.O.I and extends up to 30% R.O.I.
Who is eligible for Business Loan?
The eligibility criteria for a business loan depend on the creditworthiness of a person and the documentation provided by him. One should not be a defaulter by the bank and should fulfill all business loan requirements. Maintain your CIBIL of more than 700.

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