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Axis Bank Mudra Loan Highlights |
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| Facility | Term Loan, Overdraft, Cash Credit or non-fund-based facilities such as bank guarantees, etc |
| Loan Amount | Up to Rs 10 lakh (Up to Rs 20 lakhs proposed in Budget 2024) |
| Collateral | No collateral is required |
Note: Updated as of 7 November 2024
Axis Bank MUDRA Loan Interest Rates
Axis Bank has not disclosed the interest rates of Mudra loan. Prospective Mudra loan borrowers can visit Axis Bank branches to get detailed information about the Axis Bank Mudra Loan interest rates.
Features of Axis Bank MUDRA Loan
Loan Amount
Axis Bank Mudra loans offer loan amounts of up to Rs 10 lakhs and are categorised as follows to signify the stage of development, growth and funding needs of the borrower:
| Categorisation | Loan Amount |
| Shishu | Up to Rs 50,000 |
| Kishor | Above Rs 50,000 to Rs 5 lakh |
| Tarun | Above 5 lakhs to Rs 10 lakhs* |
*Budget 2024 has proposed to increase the Mudra loan limit to Rs 20 lakh for entrepreneurs who have repaid previous loans under the ‘Tarun’ category.
Credit Facility
Collateral: The loans covered under Mudra loans are collateral-free loans
Type of loan facility: Mudra loan applicants can avail loan in the form of term loans, overdrafts, cash credit or non-fund-based facilities such as bank guarantees, letters of credit, etc.
Fees & Charges for Axis Bank Mudra Loan
Axis Bank has not explicitly mentioned the fees and charges of Mudra loan. Prospective borrowers can visit Axis Bank branches for detailed information.
Axis Bank Mudra Loan Eligibility Criteria
Axis Bank offers PM MUDRA Yojana loans to small and micro enterprises in the non-farm sector that fall below the mentioned criteria:
- Engaged in income-generating activities
- Engaged in manufacturing, trading and services including allied agricultural activities
- Whose credit needs are up to Rs.10 lakhs
Documents Required for availing Axis Mudra Loan
Stated below are the documents required for availing Mudra Loan from Axis Bank:
- Identity Proof – Self-certified copy of Voter’s ID card /PAN Card/Aadhar Card/Driving License /Passport
- Residence Proof – Latest telephone bill, a property tax receipt (not older than 2 months), electricity bill, Aadhar Card, Voter’s ID card and Passport of Proprietor/Partners/Directors.
- Proof of SC/OBC/ST/Minority
- Identity Proof/Address Proof of the Business Enterprise – Registration certificates/Copies of relevant licenses/other documents about the identity, ownership and address of the business unit.
- Applicant should not be a defaulter in any Bank or Financial institution.
- Statement of accounts (for the last 6 months), from the existing banker, if any.
- Last 2 years’ balance sheets of the units along with income tax return or sales tax return etc. (Applicable for all cases from Rs.2 lakhs and above).
- Projected balance sheets for 1 year in case of working capital limits and for the period of the loan in case of term loan (Applicable for all cases from Rs.2 Lacs and above).
- Sales achieved during the current financial year up to the date of submission of application.
- Project report (for the proposed project) containing details of technical & economic viability.
- Memorandum of association and articles of association of the company or Partnership Deed of Partners etc.
- In the absence of a third-party guarantee, an Asset & Liability statement from the borrower including Directors & Partners may be sought to know the net-worth.
- 2 Photocopies of Proprietor/ Partners/ Directors.