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Axis Bank Limited, formerly known as UTI Bank, is an Indian banking and financial services company. The bank sells financial services to large and mid-size companies, SMEs and retail businesses. Its portfolio of SME loans include the Axis Mudra loans. One such SME focused loan is the Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY).


The PMMY is a MSME welfare scheme initiated by the Government of India. This scheme was launched with the intention of facilitating the growth of non-corporate - small and micro enterprises in the non-farm sector by offering them funding. 


The Mudra loan is extended for a variety of purposes which provides income generation opportunities. Additionally, these loans are aimed at employment creation in the manufacturing, trading and service sectors. 

Axis Bank Mudra Loan Highlights



Nature of Facility 

  • Working Capital Term Loan (WCTL) 

  • Term Loan Facility

  • Cash Credit

  • Non-fund Based Facilities

Quantum of Exposure 

Up to ₹10 Lakhs


To help fund non-farm enterprises engaged in trading, manufacturing and

services activities

Rate of Interest

Based on applicant’s business profile, financial assessment, past track record, loan amount and tenure.

Repayment Period

Up to 7 years (including a maximum moratorium period of 3 months)

Axis Bank Mudra Loan Features

Here are some of the features of the Axis Bank Mudra loan. 

  • The interest rates for the Axis Bank Mudra loans are dependent on business profile, financial assessment, past track record, loan amount and tenure.

  • You may apply for an Axis Bank Mudra loan both online and offline. 

  • The minimum loan amount offered under the Axis Bank Mudra loan is ₹10,000 while the maximum loan amount offered under this scheme is ₹10 Lakhs. 

  • The Axis Bank Mudra loan is a collateral free loan facility. This means that you need not provide any security or collateral for availing Axis Bank Mudra loan. 

  • The loan amount can be availed as term loans, overdrafts, cash credits or non-fund based facilities like letters of credit, bank guarantees, etc.

  • Small and micro entrepreneurs engaged in any non-farm sector are eligible to apply for this loan. 

Axis Bank Mudra Loan Interest Rates

Loan Categories

Interest Rates 




Based on applicant’s business profile, past track record, financial assessment, loan amount and tenure.



Axis Bank Mudra Loan Eligibility Criteria

The Axis Bank Mudra loan is extended towards all small and micro entrepreneurs engaged in the non-farm sector who meet the following conditions: 

  • Must be engaged in income generating activities

  • Must be engaged in trading, manufacturing, and services (including allied agricultural activities)

  • Credit needs must not exceed ₹10 Lakhs

Documents Required for Axis Bank Mudra Loan

Here are the documents required to apply for the Axis Bank Mudra loan:

  • Proof of identity - Voter’s ID card, Driving License, PAN card, Passport, Aadhaar card and other government issued identification documents.

  • Proof of Residence - recent utility bills including telephone bill and electricity bill;  Voter’s ID card, Passport, property tax receipt, Aadhaar card, etc.

  • Recent photograph of the applicant (2 copies). Submitted photographs should not be older than six months.

  • Community proof, if applicable.

  • Proof of Identity and/or address of the business enterprise, if available.

  • Statement of Account from the existing banker for the last six months, if applicable.

  • Proof of Identity and/or address of the business enterprise, including copies of relevant registration documents, certificates, agreements and licences. 

  • Any other documents related to ownership and identity of address of business venture(s).

  • Udyog Aadhaar Memorandum

  • Statement of Account from the current banker for the past six months.

  • Unaudited balance sheets of the existing business units for the past two years.

  • Income tax and/or sales tax returns (only applicable for loans of ₹2 Lakhs and above).

  • Projected balance sheets of start-ups/existing units for one year, in case of working capital limits and for the tenure of the loan in case of term loans only applicable for loans of ₹2 Lakhs and above).

  • Sales made up to the date of submission of application for the current financial year (for existing units).

  • Proforma Invoices and/or quotations for the assets to be purchased

  • estimates for the civil works, if any are to be undertaken.

  • Asset & Liability statement of the borrower including that of Directors & Partners.

  • Memorandum and Articles of Association of the company, Partnership Deed of Partners and/or other relevant documents, if applicable. 

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Types of Mudra Loan

1. SHISHU Loan

TThe SHISHU Mudra loan offers up to ₹50,000 in loan amount. Hence, this scheme is ideal for anyone that’s looking to start a new business and for micro entrepreneurs. This scheme requires minimal paperwork and is sanctioned very quickly. 

2. KISHOR Loan

Under the KISHOR Mudra loan, you can get a loan amount of up to ₹5,00,000. This loan is ideal for small and medium sized business owners that are looking to expand their business. 

3. TARUN Loan

The TARUN Mudra loan offers loans of up to ₹10,00,000. This scheme is great for anyone that’s looking to make significant investment into their existing business and take it to new heights. 

Steps on How to Apply for Axis Bank Mudra Loan

Here’s how you can apply for the Axis Bank Mudra loan: 

  • Visit the Axis Bank Mudra loan homepage 

  • Go to the ‘Start a Relationship’

  • Click on the ‘Small Business Banking Application Form’ 

  • You’ll be sent to a PDF document

  • Fill in all relevant fields 

  • Contact an Axis Bank representative to proceed with your application

Axis Bank Customer Care

Here’s how you can contact Axis Bank customer care: 

Toll-free Number: +91-22-24252525/43252525


The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs for Axis Bank Mudra Loan

Entrepreneurs looking to fund their income generating non-corporate business are eligible to apply for an Axis Bank Mudra loan. 

You can avail up to ₹10 Lakhs under the Axis Bank Mudra loan. 

No, the Axis Bank Mudra loan is a collateral-free loan. 


You can call Axis Bank’s customer care or you can visit your registered Axis Bank branch. 


Yes, your application for a Mudra loan can be denied if your documents cannot be validated. 

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