❓ Frequently Asked Questions (F.A.Q)
We’ve answered some of the most common questions to help you make informed borrowing decisions with confidence.
💬 What is a Mudra Loan?
A Mudra Loan is a government-backed loan scheme under the Pradhan Mantri MUDRA Yojana (PMMY), designed to support small and micro enterprises, startups, and self-employed individuals.
👥 Who can apply for a Mudra Loan?
Indian citizens aged 18 years and above, engaged in non-farm income-generating activities such as trading, manufacturing, or services, are eligible to apply.
💼 What are the categories under Mudra Loan?
Mudra loans are classified into:
- Shishu (up to ₹50,000)
- Kishore (₹50,001 to ₹5 Lakhs)
- Tarun (₹5 Lakhs to ₹10 Lakhs)
We also offer customized Mudra-linked loan options up to ₹55 Lakhs for eligible applican
🏦 Is collateral required for Mudra Loans?
No collateral is required for standard Mudra loans up to ₹10 Lakhs. Higher loan amounts may be subject to additional requirements.
📉 What is the interest rate on Mudra Loans?
Interest rates vary by lender and applicant profile. Typically, they range from 8% to 16% per annum depending on the loan category and applicant’s creditworthiness.
📄 What documents are required to apply?
- Aadhar Card
- PAN Card
- Address Proof
- Bank Statement
- Business Proof (if applicable)
- Income Proof (for higher loan slabs)
💳 What are the repayment options?
Flexible EMI plans ranging from 12 to 240 months based on loan type and amount.
💰 Is there any processing fee?
Yes, a nominal processing fee may apply based on the loan amount and lender’s terms. All charges are disclosed upfront — no hidden fees.
🧾 How do I check my loan eligibility?
Use our online eligibility checker or speak with our loan advisor for a personalized assessment.
🖊️ How do I apply for a Mudra Loan?
You can apply online through our secure portal. Just choose the loan type, fill in your details, and submit your documents. Our team will contact you within an hour.
✅ Why Choose Mudra Aadhar Loan Solutions?
- Trusted by thousands across India
- Partnered with leading banks & NBFCs
- 100% online & paperless process
- Quick disbursal with transparent terms