Mudra Loan for Small Businesses
Help applying for a loan under the Pradhan Mantri Mudra Yojana (PMMY) for small shops, traders, service businesses and micro enterprises.
Loans
Loans for traders, shop owners, manufacturers and service businesses to grow or run the business, through our partner banks and NBFCs.
- Loans
- Usually one to a few weeks after a complete file*
About Business Loan
A business loan provides funds to expand, buy stock or equipment, open a new outlet or manage day-to-day expenses. Loans may be unsecured or secured, and are repaid in EMIs over an agreed tenure.
We help you choose the right type of loan, prepare your financial documents and bank file, and follow up with our partner banks and NBFCs until the lender decides. The amount, rate and security are set by the lender.
Business loans are subject to the lender's approval and credit policy. We are not the lender.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Who Needs This Service
- Shop owners and traders who want to expand or buy stock
- Manufacturers buying machinery or raw material
- Service businesses such as clinics, salons and workshops
- Proprietors, partnership firms, LLPs and private limited companies
- Businesses with GST or Udyam registration and regular bank transactions
Key Benefits
Right loan type
Term loan, working capital, Mudra or CC limit, matched to your need.
Financials prepared
ITR, statements and projections prepared in the format lenders expect.
Complete bank file
Documents checked before submission to avoid delays.
Follow-up to decision
We stay in touch with the lender until your loan is decided.
Eligibility and Applicability
- Business running for the minimum period set by the lender
- ITR and business income proof for recent years
- An acceptable credit score for the owner and the business
- Business registration such as GST, Udyam or trade licence
Vintage, turnover and credit criteria differ by lender. Larger amounts may need security or a guarantee.
Documents Commonly Required
KYC
- PAN and Aadhaar of the owner, partners or directors
- PAN of the business
- Recent photographs
Business
- GST registration, Udyam certificate or trade licence
- ITR and financial statements for recent years
- Bank statements for recent months
- Partnership deed or incorporation documents, as applicable
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Understand your need
We discuss the amount, purpose and your business cycle.
Choose the loan type
Term loan, working capital, Mudra or CC limit.
Prepare the file
Financials, projections and documents checked and organised.
Apply to lenders
Your application goes to suitable partner banks and NBFCs.
Decision and disbursal
The lender appraises, decides and disburses if approved.
Estimated Timeline and Fees
Estimated timeline
Usually one to a few weeks after a complete file
Secured loans and larger amounts take longer because of appraisal and property checks.
Our service fee
Our fee for financials and application support is told to you in writing before we begin.
Lender / third-party charges
Processing fee, interest, stamp duty, valuation and legal charges are set by the lender.
* Approval, amount, interest rate and security are decided by the lender under its credit policy.
Common Mistakes to Avoid
- Mixing personal and business transactions in one bank account
- Filing ITR late or showing very low income
- Applying for more than the business can repay
- Not keeping GST returns and bank statements up to date
Frequently Asked Questions
Can a new business get a loan?
It is harder, as most lenders want some trading history. Mudra loans and some government schemes support new micro businesses.
Is security needed?
Smaller loans may be unsecured. Larger loans often need property or other security, as decided by the lender.
What is the difference between a term loan and a CC limit?
A term loan is a fixed amount repaid in EMIs. A CC limit is a working capital limit you draw and repay as needed.
Do you promise approval?
No. The lender decides after appraisal. We make your file complete so it is processed smoothly.
Related Services
You May Also Need
CC Loan (Cash Credit) for Working Capital
Help getting a cash credit (CC) limit from a bank to run day-to-day business, with interest paid only on the amount you use.
Business Funding for MSMEs and Startups
Help with working capital, machinery loans, MUDRA and government scheme loans, and overdraft or cash credit limits, including project reports and CMA data.
Personal, Business, Home and Vehicle Loans
Help choosing and applying for personal, business, home, property, vehicle and education loans through our partner banks and NBFCs.
Talk to Our Team
Have a Question About Business Loan?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
Send an Enquiry Chat on WhatsApp Request a Callback