Mudra Loan Online is a Micro and Small Enterprises. Apply for Mudra Loan Online.

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About Loan

Mudra Loan Online online personal Loan are a fast, convenient, and affordable source of financing that help borrowers achieve their goals and overcome financial obstacles. By providing flexible and accessible access to funds, Mudra Loan Online empowers its borrowers to manage unexpected expenses, seize opportunities, and enjoy stress-free moments that might otherwise be difficult to attain. With a focus on delivering value and meeting diverse needs, Mudra Loan Online range of personal Loan are designed to make life easier and more enjoyable for its borrowers, providing the financial tools they need to live their best lives.

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Mudra Loan Services

Experience Financial Freedom with Our Loans

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Dedicated Customer Support
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4.5 Happiness Rating
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Minimal Documentation

Simple 3-Step Process

Get the Funds You Need in Just 3 Simple Steps with Our Easy Loan Process

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Begin the loan application process by filling out a simple form with your basic information, desired loan amount, and monthly income. This should only take a few minutes of your time.

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After submitting your loan application, you will receive an email requesting any additional documents needed to complete the application process. Your eligibility for the loan.

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Once your eligibility has been confirmed, a representative will contact you by phone to finalize the loan process. Once approved, your loan will be disbursed quickly and efficiently.

Features

  • Personal loans upto 50,00,000/-
  • Cash loans without security cover
  • No need for Guarantor / Co-borrower
  • Rate of Interest upto 3.25% APR
  • Loans upto 80% of your take-home salary
  • Fees upto 10% of loan amount
  • Loans without any preclosure charges - Pay as you Use
  • Loan repayment period - 90 Days to 1 year (subject to terms and conditions and conveyed at the time of disbursal)

Representative Example:

For Rs 25000/- borrowed for 12 months, with annual interest rate (APR) of 30%, borrower would pay:

  • Processing Fees = 5%
  • Interest = Rs 7,500/-
  • Total amount to repay at the end of tenure = Rs 32,500/-
  • NACH bounce charges = Rs 500/-
  • Delay Payment charges = 36%*

* This fee is ONLY applicable when borrowers repay bill overdue. For example, if you have Rs 10,000/- overdue of principal, then customer to pay additional Rs 300/- for    one month of delay in repayment of loan.

The annual interest rates and processing fees varies according to the risk profile of customers.

Eligibility

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* This fee is ONLY applicable when borrowers repay bill overdue. For example, if you have Rs 10,000/- overdue of principal, then customer to pay additional Rs 300/- for    one month of delay in repayment of loan.

  • Should be Indian Citizens.
  • Must be salaried professionals.
  • Must have a monthly take home salary of at least INR 30,000/-
  • Should have a regular credit of salary to a bank account.
  • Age should be between 25 and 55 years.
  • Loans of up to 80% of your monthly salary..

Documents

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Provide the following KYC documents for evaluation of your loan-worthiness

  • PAN Card.
  • Salary Slips (Last 3 months).
  • Bank Statement of Salary Account (3/6 months).
  • Address Proof.

Frequently Asked Questions

Yes, you may still be eligible for a personal loan even with a low credit score. However, the loan amount and structure may be affected. Mudra Loan Online considers various factors apart from the credit score to evaluate loan applications.

A loan top-up is an additional loan amount given to a borrower who has an existing loan. Mudra Loan Online offers loan top-ups to eligible borrowers who have made regular repayments on their current loan.

You can select your loan tenure based on your repayment capacity and financial goals. Mudra Loan Online offers flexible loan tenure options ranging from 6 months to 36 months.

Once all the necessary documents are submitted and eligibility is established, the loan amount can be disbursed within a few hours to 2 days.

Yes, you can use the EMI calculator available on the Mudra Loan Online website to estimate your monthly loan repayments.

You can apply for a medical emergency loan by filling out the online application form and submitting the necessary documents. Mudra Loan Online offers quick approvals and disbursement of the loan amount.