IDBI Mudra Loan

Single applicants and MSMEs working in non-farm income generating activities like trading or manufacturing, service enterprises and professionals offering services in metro, urban, semi-urban and rural locations can apply for a Mudra loan from IDBI Bank.

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FAQs on IDBI Bank Mudra Loan

• What is IDBI Bank Mudra Loan?

  IDBI Bank Mudra Loan is a financing scheme provided by IDBI Bank to support micro-enterprises and small businesses as part of the Mudra Yojana initiative.

• What is the interest rate for IDBI Bank Mudra Loan?

  The interest rate for IDBI Bank Mudra Loan may vary depending on factors such as the loan amount, repayment tenure, and the applicant's credit profile.

• Is collateral required for IDBI Bank Mudra Loan?

  Generally, IDBI Bank does not require collateral or third-party guarantee for Mudra Loans up to Rs. 10 lakh. However, this may vary based on the loan amount and other factors.

• What is the repayment tenure for IDBI Bank Mudra Loan?

  The repayment tenure for IDBI Bank Mudra Loan can extend up to 5 years, depending on the loan amount and the borrower's repayment capacity.

• What documents are required for IDBI Bank Mudra Loan application?

  Documents such as identity proof, address proof, business plan, income proof, and other relevant documents may be required for IDBI Bank Mudra Loan application.