HDFC Bank Mudra Loan

Note: Rates as of 4th February 2025

HDFC Bank Mudra Loan Interest Rates

HDFC Bank has not disclosed the interest rates offered for its Mudra loan scheme. However, customers can connect with the bank to get detailed information about HDFC Mudra Loan interest rates.

HDFC Bank Mudra Loan Loan Amount

Under HDFC Bank Mudra loan scheme, consumers can avail loan amounts of up to Rs 10 lakh and are categorised to signify the stage of development, growth and funding needs of the borrower. The categories are as below:

*As per the Budget 2024-25 announcement and the Official Gazette dated 24 October 2024, a new loan category, Tarun Plus, has been introduced, offering loans between Rs 10 lakh and Rs 20 lakh to those eligible individuals who have previously availed and successfully repaid loans under the Tarun category.

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. Prospective borrowers can visit HDFC Bank branch for detailed information on the same.

HDFC Bank Mudra Loan Eligibility Criteria

The eligibility criteria for HDFC Bank Mudra Loans are as follows:

• Non-corporate and non-farm small/micro enterprises engaged 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