Central Bank of India Mudra Loan

If you are running a non-corporate micro or small business, you can apply for a MUDRA loan through the Central Bank of India. Central Bank of India MUDRA Loan extends a credit for up to Rs. 10 Lakhs at a flexible tenure between 3 and 5 years.

Central Bank of India is one of the major intermediary financial institutions that help the government provide financial assistance to small business setups. Following are the different features of the Central Bank of India MUDRA loan:

• You can apply for a MUDRA loan under three categories. These are Shishu, Kishor and Tarun. 

• It aims to respond to the credit shortages of small businesses, such as shopkeepers, small manufacturing units, repair shops, etc.

• This MUDRA loan has no obligation to collateralise properties, thereby reducing hassles and time for loan applications.

• You can choose your tenure within the range of 1 to 5 years according to your repayment potential.

• The Central Bank of India MUDRA Loan comes with zero processing fees and foreclosure charges.

• The credit availed through this MUDRA loan has no end-usage restriction. You can use the amount as per your necessity.

• You will also get a MUDRA debit card to withdraw the required capital when necessary. 

• Beneficiaries of the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme will get the overdraft facility.

Disclaimer: The features outlined above are based on the Central Bank of India's Cent Mudra Yojna as of 2025. Eligibility criteria, loan amounts, and terms may vary based on individual circumstances and are subject to change without prior notice. For the most accurate and up-to-date information, please contact the Central Bank of India directly or visit their official website.

The repayment tenure for MUDRA loans under the Central Bank of India varies based on the loan category and amount. For digital term loans under the Cent Mudra scheme, the repayment tenure is structured as follows:

• Up to ₹3 Lakhs: Repayment tenure ranges from 3 to 5 years.
  

• Above ₹3 Lakhs: Repayment tenure extends up to 7 years.
  

For loans under the Cent Mudra scheme, the maximum loan amount is ₹10 Lakhs. The repayment tenure is determined based on the loan amount and applicant's repayment capacity. The bank offers flexibility in repayment schedules, allowing borrowers to choose a tenure that aligns with their financial situation.

It's important to note that the repayment tenure may vary for different loan categories and amounts. For instance, under the Cent Mudra scheme, the maximum repayment tenure is 84 months (7 years). However, for loans under other schemes like Cent Mortgage, the repayment tenure can be up to 120 months (10 years).

Disclaimer: Borrowers are encouraged to discuss their specific requirements with the bank to determine the most suitable repayment tenure for their MUDRA loan.

You can easily apply for this loan by following the steps mentioned below:

• Step 1: Visit the Central Bank of India Mudra Loan application portal.

• Step 2: Enter your preferred option from ‘Individual’ and ‘Proprietorship’ for the constitution field.

• Step 3: Enter your mobile number and preferred loan amount.

• Step 4: Review the terms and conditions carefully and select the ‘I agree to the Terms and Privacy Policy’ checkbox.

• Step 5: Click the ‘Proceed’ button.

Disclaimer: The steps provided are indicative of the general process for applying for a Mudra loan through the Central Bank of India’s online portal. The actual process may vary based on the applicant’s profile, loan amount, and the bank’s internal policies. It is recommended to review all details carefully before submitting the application and consult with the bank for any specific requirements or updates to the application procedure.

For any of your assistance regarding the Central Bank of India MUDRA Loan, you can contact the lending institutions via: 

• Toll-free Contact Number: 1800 3030

• Pensioners (Toll-free): 1800 203 1911

• Grievances: 6364861866 (WhatsApp)

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