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Kotak Mahindra Bank is a trusted loan provider in India, its loan portfolio include personal loans, education loans, business loans, etc. One such popular loan is the Kotak Mahindra Bank Mudra loan. This loan is provided under the Pradhan Mantri Mudra Yojana (PMMY) to promote the growth and development of small and medium enterprises. 


The PMMY is a government-backed scheme that’s designed to provide credit facilities to non-corporate and/or non-farm MSMEs with collateral-free loans of up to ₹10 Lakhs. This loan facility can also be used to set up new business units altogether or to expand or modernise existing business ventures. 

Kotak Mahindra Bank Mudra Loan Highlights

Credit Nature


  • Capital for new ventures

  • Modernisation and/or expansion of existing business units

  • Purchase of new machinery and equipment 

Eligible Borrowers

Entrepreneurs and business owners that are looking to set up a new venture or grow their existing venture(s)

Maximum Loan Amount

Up to ₹10 Lakhs, as per the loan category;

  • SHISHU - Loans of up to ₹50,000

  • KISHORE - Loans starting from ₹50,001 to ₹500,000

  • TARUN - Loans starting from ₹500,001 to ₹10,00,000

Repayment Tenure

3 to 5 years

Disclaimer: Please note that these rates are subject to change at the discretion of the bank. 

Kotak Mahindra Bank Mudra Loan Features

Here are some of features of the Kotak Mahindra Bank Mudra loan: 


  • Applicants must be business owners looking to start or expand business venture. 

  • The Kotak Mahindra Bank Mudra scheme is aimed at empowering lower income groups and small business owners. 

  • The Kotak Mahindra Bank Mudra loan is a collateral-free loan facility. 

  • The maximum loan amount that you can avail under the Kotak Mahindra Bank Mudra loan facility is ₹10 Lakhs. 

Kotak Mahindra Bank Mudra Loan Interest Rates

Loan Categories

Interest Rates 




As per bank’s policies



Kotak Mahindra Bank Mudra Loan Eligibility Criteria

Here’s the eligibility criteria for the Kotak Mahindra Bank Mudra loan: 


  • Applicant must be an existing business owner, looking for funds to grow or expand their business or an entrepreneur looking for funds to start a new business venture 

  • Applicant must be an Indian citizen 

  • Applicant must be engaged in any of the following sectors: 
  1. Manufacturing sector

  2. Trading and services sector

  3. Allied agricultural services sectorManufacturing sector

Documents Required for Kotak Mahindra Bank Mudra Loan

Here are the documents that you need to apply for the Kotak Mahindra Bank Mudra loan: 


  • KYC documents of the applicant: age, address, identity & income proof

  • Duly filled application form 

  • Past 12 months’ bank statement

  • Business address proof

  • Community/caste certificate, if applicable

  • Business establishment certificate

  • Other bank mandated documents 

Types of Mudra Loan

1. SHISHU Loan

Under the SHISHU loan category, you can avail loans of up to ₹ 50,000. This is ideal for anyone looking to start a new business venture. 


2. KISHOR Loan

Under the KISHOR loan category, you can avail loans ranging from ₹ 50,001 to ₹ 5,00,000. This loan category is fit for individuals looking to fund their working capital needs or expand their business. 


3. TARUN Loan

Under the TARUN loan category, you can avail loans ranging from ₹ 5,00,001 to ₹10,00,000. This loan category is suitable for anyone that’s looking to expand their business venture or buy new machinery and other assets. 

Steps on How to Apply for Kotak Mahindra Bank Mudra Loan

You can visit your nearest Kotak Mahindra Bank and get in touch with a representative from the bank to get started with your Kotak Mahindra Bank Mudra loan application process. 

Kotak Mahindra Bank Customer Care

You can contact Kotak Mahindra Bank’s customer care by calling their toll-free number: 14431 / 18008913333


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FAQs for Kotak Mahindra Bank Mudra Loan

The minimum tenure for the Kotak Mahindra Bank Mudra loan is generally dependent on a number of factors, you can discuss minimum loan tenure with your financier. However, the maximum loan tenure is 5 years. 

The maximum loan amount that you can borrow under the Mudra loan scheme is ₹10 Lakhs.

The Mudra loan timeline is dependent on a number of factors such as the validity of your documents, your credit history, repayment tenure, etc. However, most Mudra loans are processed in about a week. 

The processing fee for the Mudra loan is generally 0.5% of the total loan amount.

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