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Opt for Secured / Unsecured Loan

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10%* P.A

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Less Documentation

How MSME Term
Loan works?

An MSME Term Loan is an initiative by the government to provide financial assistance to business owners. This loan is granted at a much lesser interest rate than business loans. My Mudra is providing term loans to business owners and becoming a helping hand in growing up your business.

Get MSME Term Loan at 10%- 12% (reducing) P.A. at less documentation and faster approval from My Mudra.


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How MSME Term Loan works?

Eligibility and Documentation
For MSME Term Loan

Eligibility Criteria for MSME Loan and the Documents required for MSME Loan are mentioned below.

Application Form

Identity Proof

Pan Card

Residence Address Proof

Business Address Proof

Bank Statement

Registration Proof of the Business

 

MSME Certificate


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Eligibility and Documentation For MSME Term Loan

How to apply for
MSME Term Loan

My Mudra provides multiple options to a willing person to apply for an MSME Loan. A borrower can either apply through the My Mudra portal or can give us a call on our number.

Our agent will give you a call to guide you through the process of an MSME Loan.

Get your documentation complete within hours. Also, get the approval of the MSME in your mail instantly. 

The loan shall be disbursed to your account. 

You can track the status of your loan through the My Mudra portal.


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How to apply for MSME Term Loan

Which banks to apply for MSME Term Loan

Bank/NBFCs

Interest Rate

Axis Bank

14.95% - 19.20% p.a.

Bajaj Finserv

9.75% - 30% p.a.

HDFC Bank

10% - 22.50% p.a.

HDFC Bank

10% - 22.50% p.a.

IDFC First Bank

15% p.a. onwards

Kotak Mahindra Bank

16% - 19.99% p.a.

Lendingkart

1% - 2% per month

UGRO Capital

14.90% p.a.

NeoGrowth Finance

19% - 24% p.a.

Tata Capital

12% p.a. onwards

MSME Term 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
%

Frequently Asked Questions
on MSME Loan

Who is eligible for MSME loan?
A person having business proof, residence proof and other documents including PAN Card, Aadhaar Card is eligible for MSME Term Loan.
What are the 3 types of MSME loans?
Term Loans Bill Discounting Line of Credit
Which bank is best for MSME loan?
Axis Bank is providing MSME Term Loan at 14.95%
What is MSME in loan?
Micro, small, and medium enterprises are the full form of MSMEs. These are the companies that help in forming a firm economy of the country. All the startups established up to a certain limit fall in the category of MSME. An MSME Term Loan is an initiative by the government to provide financial assistance to business owners
What is the interest rate for MSME Loan?
The interest rate for the MSME Term Loan varies from Bank to Bank. The interest rate for MSME Term loan starts from 14% and may extends upto 20% R.O.I.