IDBI Mudra Loan Apply Process 2024 – IDBI Mudra Loan 2024

P Shetty 1 week ago Banking, Business Loans, Personal Loans, Sarkari Yojanas Leave a comment 21 Views

IDBI Mudra Loan Apply Process 2024

Name of service:-	IDBI Bank Mudra Loan
Post Date:-	18/01/2024
Apply Mode:-	Online
Organization:-	IDBI Bank
Loan Amount	Up to 10 Lac
IDBI Bank Full Form In Hindi:-	भारतीय औद्योगिक विकास बैंक
Who Can Apply:-	All IDBI Bank Account Holder
Department:-	IDBI Bank Finance Company
IDBI Bank Full Form In English:-	Industrial Development Bank of India
Post Type:-	Bank Mudra Loan, Sarkari Yojana, Service

IDBI Bank Mudra Loan

You can apply for a loan from IDBI Bank under the Mudra Loan Scheme to start your own employment. Pradhan Mantri Mudra Loan is provided to eligible candidates by IDBI Bank. If you are also starting your own employment and you are short of money, then you can apply for this loan scheme.

Do read : SBI Shishu Mudra Loan Yojana 2024 – Shishu Mudra Loan 2024

IDBI Bank Mudra Loan Online Apply

What is IDBI Bank MUDRA Loan, how can you apply for this loan, at what interest you get the loan, how much period is available to repay.

What is IDBI Bank MUDRA Loan?

Business loan is given under Pradhan Mantri Mudra Yojana through IDBI Bank. Through this scheme, a loan of ₹ 50000 to 10 lakh rupees is given to the applicant. It is an unsecured loan which is available without any guarantee collateral. This loan is given especially in rural areas but people of urban areas can also apply for it if needed.

Types of IDBI Bank MUDRA Loan

Shishu Mudra Loan

Under this loan, if you are going to start a business for the first time, then you can apply for a loan of up to ₹ 50000. This loan is made available to you by the bank without any inquiry with very few documents.

Kishor Mudra Loan

If you do business on a small scale and you need money to take it to a larger level, then you can apply for Kishor Mudra Loan from IDBI Bank. In this, you get a business loan ranging from ₹ 50000 to 5 lakh rupees. While applying for a loan, you will have to provide machinery and all other information of your business.

Tarun Mudra Loan

If you want to take your business to a very large level, then you can apply for Tarun Mudra Loan. Under this loan, you can get a business loan ranging from Rs 50001 to Rs 10 lakh. When you apply for a loan, you will have to give complete information about your business and turnover.

Online application for Pradhan Mantri Mudra Loan Yojana started !

What is the period to repay IDBI Bank MUDRA Loan?

Through IDBI Bank, you can get a maximum loan of ₹ 50000 to 10 lakh rupees. When you get a loan through this Mudra Loan Scheme, you get a maximum period of 5 years to repay it. Recently, the tenure of this loan has been extended by an additional 5 years by the government. In such a situation, you get up to 10 years to repay this loan.

Do read : SBI Bank Personal Loan- SBI Bank Se Personal Loan Kaise Le?

What is IDBI Bank MUDRA Loan Interest Rate?

When you apply for a Mudra loan from IDBI Bank, you get different types of interest rates. The interest rate will depend on the type of loan you are taking. If you apply for a Shishu loan, the interest rate is 12%. If you apply for a Tarun or Kishor loan, you have to pay 12.5% interest.

Type of Loan	Interest Rate
Shishu Loan	12%
Tarun Loan	12.5%
Kishore Loan	12.5%

What are the IDBI Bank MUDRA Loan Benefits?

If you want to apply for a loan under the Mudra Loan Scheme from IDBI Bank, then first you should know about its benefits.
You can apply for PM Mudra Loan Scheme from any branch of IDBI Bank in the country.If you want to start any employment of your own and you do not have money, then you can apply for this loan.
This loan is given to you without any guarantee.
You do not need to pay any kind of processing fee for this loan.
Earlier the loan repayment period used to be 5 years, which has been increased to 10 years.
After taking the loan, you get a Mudra card according to the fixed limit, you can use whatever limit you get in the Mudra card at any time.

What are the IDBI Bank MUDRA Loan Charges?

Processing Fees – You do not have to pay any kind of processing fee on taking a Mudra loan up to ₹ 500000 from IDBI Bank. If you take a Mudra loan of more than ₹5 lakh, then a processing fee of 0.50% is charged from you.
Security – You do not need any kind of security or collateral to take a Mudra loan from IDBI Bank.
Margin – You do not have to pay any kind of margin for up to ₹50000. A margin of 0.25% is taken for loans above 50000.

What is IDBI Bank Mudra Loan Eligibility?

Under this scheme, loan is not given for agricultural work.
Only a permanent citizen of India can apply for this loan.
The person applying should not be a defaulter from any bank.
You have to apply for a loan only if your financial condition is good.
The minimum age of the person applying for the loan can be 18 years and the maximum age can be 65 years.

Documents Required

Application form of application
Identity card of the applicant
Income certificate of the applicant
Caste certificate till date
Residence certificate of the applicant
Certificate of business of the applicant
Passport size photograph of the applicant
Quotation of machines required by the applicant for his business
If you want to resize any documents, then you can do it through this website Photo/Signature Resize

How to Apply IDBI Bank MUDRA Loan Online

If you want to get a business loan by applying under the Mudra Loan Scheme, then for this I am telling you the online process step by step below, follow it carefully.

First of all, you have to click on the direct link of Apply Online given in Important Link above.
A new page opens in front of you where you have to click on the button Click Here to Start.
A new page opens in front of you where you will be asked many types of information, you have to enter it carefully.
Here you have to select the option of Mudra Loan in Product Required and after entering the other information asked, tick mark the declaration box and click on the submit button.
After this, you are contacted by the employee of IDBI Bank and you are told about how to complete the further process of the loan.
You have to complete the application process as per the instructions received from the bank, if you are eligible then you are approved the loan.

How to Check IDBI Bank MUDRA Loan Status Online

If you have applied for Mudra loan from IDBI Bank and you want to check its status, then for this you have to visit the IDBI Bank branch from which you have applied for your loan. After going there, you have to tell your loan application number so that your loan status will be tracked and you will be informed.

Do read : Capital Now Loan App Se Loan Kaise Le- Capital Now Loan App