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  • Mudra Loan Application Form is Rated as "Great!" by 95377 Users

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    Mudra Loan Application Form

    MUDRA or Micro Units Development and Refinance Agency Ltd. is an institution set up by the government of India to offer funding to non-corporate and non-farm sectors of the micro and small enterprises that are in need of credit. MUDRA Loans can be availed for:

    • Commercial vehicle loan, car and two-wheeler loan.
    • Working capital requirement loan..
    • Loan to buy plant and machinery.
    • Loan to renovate office.
    • Drop line overdraft
    • Overdraft facility, etc.

    MUDRA Loan cannot be taken for personal requirement, to buy a personal vehicle or for educational purposes. The loan cannot be taken by a rich businessman. One must have a genuine business plan to get the loan.

    Documents required to avail MUDRA Loans

    The following are the documents required to avail MUDRA loans:

    • Identity proof:
      1. Voter ID Card
      2. Driving license
      3. Passport
      4. PAN Card
      5. Signature identification from proprietor, partner or director.
    • Residence proof:
      1. Electricity bill
      2. Recent telephone bill
      3. Property tax receipt
      4. Voter ID card of proprietor, partner or director.
      5. Business address proof
      6. Last 3 years balance sheet along with Income or sales tax returns.
      7. Partnership deed or Memorandum and Articles of Association of the company.
      8. Assets and liabilities statement along with ITR.
      9. Rent agreement, if the business premises is rented.
      10. SSI or MSME registration.
      11. Trade references.
      12. Proof of business continuity.
      13. Project balance sheet for the next 2 years, if you are availing working capital loan.
      14. Lease deed copy or title deed of the property.
      15. 2 passport sized colour photographs.
      16. Proof of qualification.

    MUDRA Loan Application Form Important Fields

    MUDRA Loan can be applied for at the authorised banks. There are 27 public sector banks, 17 private sector banks, 31 regional rural banks, 4 co-operative banks, 36 MFIs and 25 NBFCs who are authorised to disburse MUDRA loan. You will have to fill up the following in the MUDRA Loan application form:

    1. Name of the bank and the branch where the loan is required.
    2. Name of applicant or applicants
    3. Father’s or husband’s name
    4. Choose if the constitution is either individual, joint, proprietor, partnership or other.
    5. Residential address and mention if it is rented or owned.
    6. Business address and mention if it is rented or owned.
    7. Date of birth
    8. Age
    9. Sex
    10. Educational qualification, if illiterate, up to 10th grade, graduate, professional or other.
    11. KYC Documents, specify if ID proof or Address proof: Voter ID number, Aadhaar number, Driving license number or others.
    12. Telephone number
    13. Mobile number
    14. Email address
    15. Line if business and its activity and for the period it has been running.
    16. Annual sales, existing and proposed.
    17. Experience, if any.
    18. Social category, if General, SC, ST, OBC or Minority. If minority choose if you are Buddhist, Muslim, Christian, Sikh, Jain, Zoroastrians or others.
    19. Loan amount required. Mention if you need overdraft or term loan.
    20. Detail of the existing account, mention the type of loan or deposit and the name of the bank and the branch. Mention the account number and if it is a loan account mention the loan amount.
    21. Finally put your signature and enter the date and place field under the declaration in the form.
    22. The authorised bank will then give you the acknowledgement slip. It will be signed and sealed by the authorised personnel of the branch.

    Mudra Loan Application Form Reviews

    • Bank Bazaar Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service from past 1 year, there service is too good, because of bank bazaar i had applied many financial products and there customer service is too good they have explain me about the financial product whatever i have applied they did good co-ordination with me and help me out in choosing good bank , i came to know about bank bazaar service through on line, and i have been using mobile application and the application is very much easy to access.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2018
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with EARLY SALARY recently,they have provided me sufficient loan amount on temporary bases they have given me up to 14,000 i expected a bit more but it was okay for me ,and the rate of interest they have charged me up to 30% per annum was nominal for me and processing fee they have charged me up to 150 plus gst was nominal i have took short term loan for 45 days only.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Nov 14, 2018
    • Early Salary Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with EARLY SALARY recently,they have provided me sufficient loan amount on temporary bases they have given me up to 14,000 i expected a bit more but it was okay for me ,and the rate of interest they have charged me up to 30% per annum was nominal for me and processing fee they have charged me up to 150 plus gst was nominal i have took short term loan for 45 days only.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience with this bank was good,the loan which i expected i got even rate of interest and processing fee is nominal compared to other banks.customer support team is good and they response to me very well.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been use this bank bazaar service just couple of months, the service is excellent , the customer support team are good , i have applied cc from bank bazaar i found good in process, the process went very smooth i couldn't find any difficulty in documentation , i mostly use website only. In short service is good and easy to use.
      Was this review helpful? 1
      , mumbai
      Reviewed on Nov 14, 2018
    • Incred Personal Loan
      "Good card"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with INCRED bank for recently,they have provided me sufficient loan amount up to 1,50,000 ,and the rate of interest they have charged me was little high for me and processing fee they have charged me was high ,and there was delay in getting my loan they took up to 10-15 days in getting disbursal.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Bank-bazaar service is good i use mob lie application its easy to assess there is no problem in using this app, even customer care service is good they pro actively suggest me for any product which i want, service for documentation is good no problem with their service. I use this app from 1st time
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      I have been holding my personal loan with ICICI bank recently, the loan amount was sufficient for me, the rate of interest they have charged me was bit high they have charged up to 15.5% and processing fee they have charged me was 4% that is 5000 it was bit high in other bank processing fee is 4000 and there customer service is very co-operative.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • YES Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with YES BANK. I have a good experience where the documentation process is very good. I am satisfied with the loan amount . The rate of interest is very lower, duration is for 5 years to repay the loan also the processing fee is there.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with ICICI BANK , where i have applied for the loan previously and using it from past few months. I am satisfied with the services of this bank because they done the process very quick . The tenure period is 5year . Rate of interest charged by them is nominal .
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I came to know about this bank bazaar service while i was surfing Google i have applied credit card too in bank bazaar the service is quite good and even customer team is good they help me in applying a credit card from bank and the documentation part is good, i use bank bazaar website, i have been using this bank bazaar service from past 1-2 years.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 14, 2018
    • Cashe Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my personal loan with CASH E recently,they have provided me sufficient loan amount and the rate of interest they have charged me is up to 2.5% which was nominal for me and processing fee they have charged up to 200 it is nominal and there was no issue in documentation,overall service was good.
      Was this review helpful? 0
      , faridabad
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have used bank bazaar service for first time, the moment when i had applied instantly i got call from the bank bazaar agent and there customer service is good they had responded me well like i had applied my personal loan through bank bazaar it quite fast process and i came about bank bazaar service through promotional ad that use to get pop up in every site and i have been using mobile application and website both are easy to access.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Tata capital Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my personal loan with TATA CAPITAL recently, the loan amount whatever i have expected they have given me it is sufficient and the rate of interest they have charged me is up to 11.2% which is nominal and they have not charged any processing fee and there was 1 day delay in getting my loan issue but it was okay.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using bank bazaar service a month ago only,the service went very smoothly i had applied credit card from this website of bank bazaar and i have been using mobile application its easy to access , even customer support team is good they are very co-operative in nature.i came to know about this application through online.overall service is excellent.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using my personal loan with ICICI bank recently, the loan amount they have given me was sufficient it was more than my expectation they have given me and the rate of interest they have charged me up to 18% it is quite high and they processing fee they have charge me up to 9000 it is nominal and documentation part went smoothly, till now service was good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Nov 14, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan with HDFC personal loan , there service is too good like they dont force me to take loan insurance they use to call and ask that you need insurance but never had forced me and the rate of interest they have given me was up to 15% it was nominal and loan amount they have given me was sufficient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have been using bank bazaar service for first time, and i came to know about bank bazaar service through call the bank bazaar agent always call me and i have applied my loan through bank bazaar and i have been downloaded mobile application it was easy to access.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • ICICI Bank Personal Loan
      "Average service"
      0.5 5.0/5 "Blown Away!"
      I have been applied for ICICI bank personal loan recently, the loan amount which they have given me was sufficient they have given me up to 1,32,000 and the rate of interest they have charged me was up to 15.75% it is too high and there processing fee they have charged me was nominal but they had forcefully ask me to take insurance from this bank loan i need to give 4000 like my loan amount was approved up to 1,40,000 they deduct 4000 as insurance even in documentation part i had face lot of problem.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 14, 2018
    • Bank Bazaar Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been using the Bank Bazaar website for a while. The customer everything was great, I am using the website, easy to use. Overall there wasn't any issues with the Bank Bazaar side. Bank Bazaar is a flexible platform to compare and choose various banking products on line.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 14, 2018
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