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  • Mudra Loan Application Form is Rated as "Great!" by 90406 Users
    Personal Loan BYTES FROM OUR KITCHEN
    rated 4.0/5.0 by 90406 users

    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
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      BANK BAZAAR is a good platform for all the financial products . The customer service and responses was up to the mark. I have applied through their website and the websites option was amazing. The web portal's accuracy and speed is good. My overall experience was excellent and I would like to recommend to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 23, 2018
    • Citibank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with CITI bank. The loan amount was 7.5 lakhs and the Interest rate was 15% which is average . The customer service and re3sponses was up to the mark . They have provided door step service for collecting documents . My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 23, 2018
    • Bank Bazaar Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      BANK BAZAAR is a good platform for all the financial products. The customer service and responses was up to the mark. The website is really amazing with many good features like EMI calculator and credit score option which was useful. My overall experience was very good and its recommendable.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Feb 23, 2018
    • Fullerton Personal Loan
      "Very good"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with FULLERON . The loan amount was 71,000 . The Interest rate was 33% which is very high. The tenure period was 3 years.I had a very good loan experience here. They have provide door step service for collecting documents.
      Was this review helpful? 0
      , aurangabad
      Reviewed on Feb 23, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 3.5/5 "Pretty good"
      I have taken my personal loan via BANK BAZAAR . The customer service and responses was up to the mark. The website was really good with many good features. The web portal's accuracy and speed is good. My overall experience was excellent so I would like to recommend to others.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 23, 2018
    • Aditya Birla Finance Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan with ADITYA BIRLA . The loan amount was 4.5 lakhs and the Interest rate was 11.35% which is average in the market. The tenure period was 5 years . They have provided door step service for collecting documents. My experience was really good and its recommendable.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      It was very convenient to get the personal loan from HDFC Bank. The customer services are good and they are responsive as well. The documentation is not much as I am a existing customer and the rate of interest and processing charges are normal when compared to the other banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 23, 2018
    • Syndicate Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with Syndicate bank,the loan amount is two lakhs,the rate of interest is nominal as compared to others.Documents were submitted door step,they had processed the loan within a weeks time.The tenure is for two years i had closed to long back.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
    • Tata capital Personal Loan
      "Okay"
      0.5 5.0/5 "Blown Away!"
      My experience was good one with the Tata capital limited for the personal loan. Rate of interest was around 10.5%. I would like to say that the customer service is good one for me with the Tata capital limited. I am really happy with them.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
    • Citibank Personal Loan
      "Better service"
      0.5 5.0/5 "Blown Away!"
      The Citibank personal loan service was good and I have got the required loan amount from the CITIBANK personal loan. The customer support and the response is better with the Citibank and I am satisfied with the Citibank service, I would say I have got better service from the Citi.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • SBI Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      The state bank of India has approved the required loan amount . The customer support service is good with the SBI and they gave me better response in regards to my personal loan application. The rate of interest and the charges are average with the SBI.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Got the ICICI bank personal loan around 3 years ago. The customer support service is good with t he ICICI bank. The required loan amount has been approved and I am satisfied with it, the rate of interest and the charges are average with the ICICI bank. I am satisfied with the ICICI bank personal service,
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      HDFC bank has approved a personal loan around a year ago. The customer support service is good with the HDFC bank. The banking service is better with the HDFC BANK ,. They have disbursed the loan within 10mins of time because it is a pre approved loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • HSBC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the HSBC bank long back ago. The customer support service is excellent with the HSBC bank and they have disbursed the loan amount within the promised time . The rate of interest and the charges were high with the HSBC when I got the personal loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • ICICI Bank Personal Loan
      "Needs a lot Improvement"
      0.5 2.0/5 "Expected more"
      ICICI bank has offered me the pre approved loan.,but they asked me to submit the required documents to go with the personal loan , so that was the reason I haven't got the personal loan from the ICICI bank. The pre approved loan must be approved without any documents but the process is different with the ICICI bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Good to go"
      0.5 5.0/5 "Blown Away!"
      I got the personal loan from the HDFC bank very recently. The customer support service is good with the HDFC bank and they gave me better response in regards to my personal loan application. The loan amount got disbursed within 10 to 15 days of time. The required loan amount has been approved but I haven't got the required loan amount.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 23, 2018
    • Bank Bazaar Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      This is the first time I am using web channel . I can get quick repsonding to my application from the customer services team. Web portal is very user friendly to me. I can see the sufficient information in portal. I am very much happy in using this web channel.
      Was this review helpful? 0
      , jaora
      Reviewed on Feb 23, 2018
    • ICICI Bank Personal Loan
      "need to improve in service"
      0.5 4.0/5 "Great!"
      I requested for the personal loan from ICICI bank but my request got rejected and also they did not informed the reason for rejection about my personal loan. They offered me tenure loan for the period of three years and also they offered personal loan amount up to Rs 350,000. Interest rate is 14.9 % for my loan amount.
      Was this review helpful? 0
      , jaora
      Reviewed on Feb 23, 2018
    • HDFC Bank Personal Loan
      "Satisfied with the services"
      0.5 4.5/5 "Excellent!"
      I also bank with HDFC Bank for the personal loan. This process was also smooth like my other experiences with the bank. They have always been good in the customer services. They are responsive as well. The rate of interest was on a higher side of around 12 to 13%. Good overall.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 23, 2018
    • Fullerton Personal Loan
      "Good Loan"
      0.5 4.0/5 "Great!"
      They gave me the Personal Loan on an interest rate of 20.5%. Their process of getting the Loan was pretty sharp and involved very little or no hassle at all. They gave me few compulsory add ons with the Loan and felt those were pretty important ones to have.
      Was this review helpful? 0
      , goa
      Reviewed on Feb 22, 2018
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