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HDFC Bank Mudra loan offers financing to eligible business enterprises with minimal documentation and quick approval.

HDFC Bank Mudra Loan Highlights

Maximum loan amount

Rs. 10 Lakhs


Not required

Interest rate

Varies depending on the type of loan


Up to 5 years

*Note that the HDFC Bank Mudra loan interest rate depends on the type of credit and your business profile among other eligibility parameters.

HDFC Bank Mudra Loan Features

A Mudra loan from HDFC Bank comes with various features and benefits for its customers. Find about them below:

  • Loan up to Rs. 10 Lakhs

With various types of Mudra loan schemes, you can obtain a loan value of up to Rs. 10 Lakhs. Apart from that, there is no capping on the minimum loan value you can obtain. Thus, you can obtain your small and big-ticket financial needs with ease.

  • Minimal documentation

To obtain a Mudra loan from HDFC Bank, you do not need to submit many documents. Instead, you simply need to furnish a few documents for identity and address verification. Apart from that, business-related documents are also a must.

  • Zero processing fees

One of the most beneficial features of a Mudra loan is that you do not have to pay any processing fees when you apply for HDFC Bank Mudra loan online. Further, the RBI has regulated banks and NBFCs to charge interest rates depending on MCLR. This makes the overall cost of borrowing affordable.

  • Interest as per RBI guidelines

The HDFC Bank Mudra loan follows the marginal cost of lending rate, or MCLR, as prescribed by the Reserve Bank of India. This ensures you receive credit at attractive interest rates, bringing the EMIs down. You can calculate your overall EMI obligation beforehand through an online EMI calculator.

  • No collateral

Mudra loans are offered by HDFC Bank without the requirement of any collateral. So, you can now stay assured of retaining your assets with yourself while enjoying high-value financing to expand or set up your business enterprise.

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HDFC Bank Mudra Loan Interest Rates

As mentioned above, HDFC Mudra loan interest rate depends on the MCLR rate, as prescribed by the RBI. Find the rate of interest for different types of Mudra loans in the below table:

Type of Mudra loan

Interest rate

Shishu Mudra Yojana

1% - 12%

Kishore Mudra Yojana

8.60% - 11.15%

Tarun Mudra Yojana

11.15% - 20%

*Note that the interest rates mentioned above are indicative and might change depending on the type of loan you take and your credit history. 


Additionally, the interest rate on Mudra loans offered by Scheduled Commercial Banks and Regional Rural Banks features a maximum capping of 3.5% on refinancing rate. On the other hand, this capping is kept at 6% for NBFCs.

HDFC Bank Mudra Loan Eligibility Criteria

HDFC Bank offers Mudra loan against easy eligibility parameters. Here are the pointers relating to HDFC Bank Mudra loan eligibility:

  • The loan is extended to non-farm business enterprises engaged in manufacturing, trading and other services.

  • The credit requirements of such enterprises must be up to Rs.10 Lakhs.

  • Prospective enterprises must fall under the MSME sector.

  • Business engaged in allied agricultural activities, including fisheries and horticulture, may also apply for this credit


Besides, maintaining a good credit score is also crucial to obtain Mudra loans. This is because your credit score displays your creditworthiness. As a result, with a healthy credit score, you will be able to obtain a high-value loan amount at lower interest rates.

Documents Required for HDFC Bank Mudra Loan

HDFC Bank offers Mudra loan with minimal documentation to fasten the loan application procedure. You can apply online for HDFC Bank Mudra loan by submitting these documents:

  • Valid photo identity proof

  • Address proof or utility bills

  • Latest income tax returns for income proof

  • Bank account statement for the previous six months

  • Ownership proof of the office

  • Continuity of business proof

  • Trade references

  • Duly filled in Mudra loan application form


Note that the bank may ask you for additional documents if required.

How to Apply for HDFC Bank Mudra Loan

The steps to apply for HDFC Bank Mudra loan online are extremely simple and convenient. Simply follow these steps:

  • Step 1: Visit the official website of HDFC Bank and navigate to the Mudra loan section.
  • Step 2: Click on ‘Apply Now’.
  • Step 3: Fill the online application form with a few basic details.
  • Step 4: Complete the verification and submit your application.


A representative from the bank will then reach out to you regarding further steps and document verification.

HDFC Bank Customer Care

For any queries regarding your HDFC Bank Mudra loan, you can reach out to the bank on 1800 202 6161 or 1860 267 6161.


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 HDFC Bank Mudra Loan

How much amount can I borrow for a Mudra loan from HDFC Bank?

The maximum loan amount you can borrow under the Mudra loan scheme from HDFC Bank is Rs.10 Lakhs, which falls under the Tarun Mudra Yojana scheme.

Who is eligible for HDFC Mudra Loan?

Any small or medium business enterprise engaged in generating income through non-farm activities is eligible to obtain Mudra loans from HDFC Bank.

How long does it take to get an HDFC Mudra loan?

Depending on your profile, the loan application is approved quickly, within a few working days.

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