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HDFC Bank Mudra Loan Highlights |
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| Interest Rate | Depending on the applicant’s profile |
| Loan Amount |
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Note: Rates as of 17th October 2024
HDFC Bank Mudra Loan Interest Rates
HDFC Bank has not specified the interest rates offered for its Mudra Loan scheme. However, the Mudra loan interest rates offered by most lenders depend on their loan applicants’ profile.
Fees and Charges for HDFC Bank Mudra Loan
HDFC Bank has not specified the fees and charges for its Mudra loan scheme. However, lenders usually levy processing fees, prepayment charges, late payment charges, etc. from their mudra loan applicants.
HDFC Bank Mudra Loan Eligibility Criteria
The eligibility criteria for HDFC Bank Mudra Loans are as follows:
- Non-corporate and non-farm enterprises in manufacturing, trading and services are eligible for availing such loans.
- The credit needs of the above mentioned business units should be lower than Rs 10 lakh
Documents required for HDFC Bank Mudra Loan
The documentation for HDFC Bank Mudra Loans are as follows:
- Valid photo ID proof
- Proof of current address
- Income proof: Latest ITR
- Bank statements of past 6 months
- Trade references
- Proof of business continuity
- Loan application form
- Proof of ownership of residence/office