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Learn more about the HDFC Bank Mudra Loan, including how to apply, eligibility criteria, and required documentation.
HDFC Bank Mudra loan offers financing to eligible business enterprises with minimal documentation and quick approval. These loans feature minimal documentation, zero collateral, and adhere to competitive interest rates aligned with RBI’s MCLR framework.
HDFC Bank’s Mudra Loan scheme provides accessible funding solutions to micro and small enterprises, helping them meet working capital and business expansion needs. Below is a quick overview of the key features and benefits of the HDFC Bank Mudra Loan:
| Parameter | HDFC Mudra Loan Highlights |
|---|---|
Credit Nature |
Unsecured Business Loan
|
Purpose |
To fund non-corporate small/micro enterprises engaged in manufacturing, trading, services, etc. |
Eligible Borrowers |
Small entrepreneurs, MSMEs, self-employed individuals, startups eligible under Mudra scheme |
Maximum Loan Amount |
Up to ₹10 Lakhs under different Mudra categories: |
Disclaimer: The features presented are for informational purposes only and reflect current offerings under the Pradhan Mantri Mudra Yojana (PMMY) as of now. The bank reserves the right to modify terms, eligibility, loan categories, or any related benefits without prior notice. Applicants are advised to confirm the latest details with HDFC Bank or consult official sources before applying.
A Mudra loan from HDFC Bank comes with various features and benefits for its customers. Find about them below:
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.
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.
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.
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.
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.
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 |
|---|---|
1% - 12% |
|
8.60% - 11.15% |
|
11.15% - 20% |
Disclaimer: The interest rates displayed in the table are indicative and may vary based on individual credit profiles, loan amount, and tenure. HDFC Bank reserves the right to adjust rates at its discretion, in accordance with prevailing guidelines and market conditions. Please consult your nearest branch or official resources for the most accurate rates.
Note: 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 offers Mudra loan against easy eligibility parameters. Here is a closer look at theHDFC Bank Mudra loan eligibility for each type of Mudra loan:
The following table outlines the eligibility requirements for applicants seeking the Shishu Mudra Loan from HDFC Bank:
| Eligibility Criteria | Details |
|---|---|
Eligible Borrowers |
Small entrepreneurs, micro enterprises, MSMEs, self-employed individuals, startups |
Business Types |
Non-farm business enterprises engaged in manufacturing, trading, services |
Loan Amount |
Up to ₹50,000 |
Sector Eligibility |
MSME sector; allied agricultural activities including fisheries and horticulture also eligible |
Credit Requirement |
Loans up to ₹50,000 for initial business or working capital |
Credit Score Requirement |
Good credit score preferred to ensure loan approval and better interest rates |
Collateral |
No collateral required (unsecured business loan) |
Disclaimer: The eligibility criteria mentioned are subject to HDFC Bank’s policies and guidelines. Applicants are advised to check with the bank for the most updated requirements before applying.
Refer to the table below for the detailed eligibility criteria applicable to Kishor Mudra Loan applicants from HDFC Bank:
| Eligibility Criteria | Details |
|---|---|
Eligible Borrowers |
Small entrepreneurs, MSMEs, self-employed, startups |
Business Types |
Non-farm business enterprises engaged in manufacturing, trading, and services |
Loan Amount |
Up to ₹5 Lakhs |
Sector Eligibility |
MSME sector; allied agricultural activities eligible |
Credit Requirement |
Loans above ₹50,000 and up to ₹5 Lakhs |
Credit Score Requirement |
Good credit score essential for approval |
Collateral |
No collateral required |
Disclaimer: The information provided in this table is for reference purposes only. HDFC Bank may revise the eligibility norms at its discretion, and final approval depends on the bank’s assessment.
The table below provides the specific eligibility conditions for availing the Tarun Mudra Loan from HDFC Bank:
| Eligibility Criteria | Details |
|---|---|
Eligible Borrowers |
Established small and medium enterprises, entrepreneurs |
Business Types |
Non-farm business enterprises involved in manufacturing, trading, and services |
Loan Amount |
Up to ₹10 Lakhs |
Sector Eligibility |
MSME sector including allied agriculture (fisheries, horticulture) |
Credit Requirement |
Loans above ₹5 Lakhs and up to ₹10 Lakhs |
Credit Score Requirement |
Good credit score necessary |
Collateral |
No collateral required |
Disclaimer: The eligibility conditions listed are indicative and may vary as per HDFC Bank’s internal rules. Please confirm the exact criteria with the bank at the time of application.
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.
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:
| Document | Required for Shishu (≤ ₹50,000) | Required for Kishor (₹50,001 – ₹5,00,000) | Required for Tarun (₹5,00,001 – ₹10,00,000) |
|---|---|---|---|
Valid photo identity proof |
Yes |
Yes |
Yes |
Address proof (or utility bills) / current address proof |
Yes |
Yes |
Yes |
Proof of income – Latest Income Tax Returns / financial documents |
Yes |
Yes |
Yes |
Bank account statement for the last 6 months |
Yes |
Yes |
Yes |
Duly filled Mudra loan application form |
Yes |
Yes |
Yes |
Ownership proof of residence/office |
Yes |
Yes |
|
Proof of continuity of business |
Yes |
Yes |
Yes |
Trade references |
Yes |
Yes |
Yes |
Disclaimer: The document list is based on HDFC Bank’s standard requirements under the Pradhan Mantri Mudra Yojana as of the latest published policy, and may change without notice. Submission of documents does not guarantee loan approval. The final decision rests with HDFC Bank after verification. Always confirm document requirements with a bank representative before applying. Note that the bank may ask you for additional documents if required.
HDFC Bank offers Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) to support micro and small enterprises. The repayment terms are designed to align with the borrower's cash flow and business requirements:
Term Loan: Repaid in suitable instalments, with a moratorium period determined based on the business's cash flow.
Overdraft & Cash Credit (OD & CC) Limit: Repayable on demand, with renewal and annual review as per the bank's internal guidelines.
These repayment structures are in line with the general Mudra loan tenure norms, which offer repayment periods from 1 to 7 years, depending on the lender and type of Mudra loan (Shishu, Kishor, Tarun, Tarun Plus)
The steps to apply for HDFC Bank Mudra loan online are simple and convenient. Simply follow them as specified below:
To apply for a Mudra loan, walk into your nearest HDFC Bank branch.
Upon arrival, approach a Relationship Manager or the branch's loan desk. They will guide you through the application process and provide information on the available Mudra loan categories.
Fill out the Mudra loan application form provided by the bank. Ensure all required fields are completed accurately to avoid delays in processing.
Along with your application, submit the necessary documents.
The bank will conduct a Know Your Customer (KYC) verification and assess your creditworthiness. This may involve a discussion about your business plan, cash flow, and repayment capacity.
If your application is approved, you will receive a sanction letter detailing the loan amount, interest rate, tenure, and other terms. Upon acceptance, the loan amount will be disbursed to your account.
Disclaimer: The information provided above is intended for general guidance purposes only. HDFC Bank's policies and procedures may change over time. Applicants are strongly advised to verify the latest details directly with HDFC Bank by visiting an HDFC Bank branch or contacting the bank's official customer service channels
For any queries regarding your HDFC Bank Mudra loan, you can reach out to the bank on 1800 2600 or 1860 1800.
For customers travelling internationally: +9122 61606160
For Imperia Account, Diners Black Credit Card and Infinia Credit Card customers: +9122 61717606
Mutual Fund enquiries: 1800 267 1006
Complaints (Toll free): 1800 258 3838
Cell for Grievance Redressal (Banking or Digital Lending products): 1800 266 4060
Cell for Grievances (Credit Cards): 044 - 61084900
The following table highlights some of the most popular central government schemes in India that provide financial support, employment, or skill development opportunities:
| Scheme Name | Purpose / Key Benefit |
|---|---|
Pradhan Mantri Jan-Dhan Yojana (PMJDY) |
Financial inclusion with basic accounts, RuPay card, and access to insurance/pension. |
Micro-credit loans to small/micro enterprises under Shishu, Kishor, and Tarun categories. |
|
MGNREGA |
Guarantees 100 days of wage employment per rural household with unskilled work. |
Short-term skill training and certification to enhance employability. |
|
Credit-linked subsidy for setting up micro-enterprises. |
|
Bank loans (₹10 Lakhs–₹1 Crore) to SC/ST and women entrepreneurs for greenfield enterprises. |
|
Recognition and support for startups through funding, tax benefits, and incubation. |
|
Credit guarantee for collateral-free loans to micro and small enterprises. |
|
Skilling and placement scheme for rural poor youth. |
|
DAY–NRLM |
Self-help group and livelihood support for women in rural areas. |
Kisan Credit Card (KCC) |
Affordable short-term credit facility for farmers. |
Ayushman Bharat – PM-JAY |
Health insurance scheme offering cashless treatment for secondary and tertiary care. |
These schemes collectively aim to improve financial security, create jobs, and support entrepreneurship across India.
Here’s a look at some notable state-level schemes launched by different governments to provide localised financial aid, social security, and employment benefits:
| Scheme Name | State | Purpose / Key Benefit |
|---|---|---|
Rythu Bandhu |
Telangana |
Direct cash support to farmers per acre each season for input costs. |
Aasara Pensions |
Telangana |
Monthly pension support for elderly, widows, and disabled persons. |
TS-iPASS |
Telangana |
Single-window clearance for industries to boost investment and jobs. |
YSR Rythu Bharosa |
Andhra Pradesh |
Annual income support package for farmers. |
Kanyashree Prakalpa |
West Bengal |
Cash scholarship to keep girls in school and prevent early marriage. |
LIFE Mission |
Kerala |
Housing and rehabilitation scheme linked with livelihood support. |
Naan Mudhalvan |
Tamil Nadu |
Upskilling and scholarship programme to boost youth employability. |
Mahatma Jyotirao Phule Shetkari Karjamukti Yojana |
Maharashtra |
Loan waiver and relief measures for indebted farmers. |
Mukhyamantri Kanya Suraksha Yojana |
Bihar |
Cash transfer scheme to promote girl child education and welfare. |
These state initiatives are designed to address region-specific challenges while complementing central programmes for inclusive development.
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.
Yes, HDFC Bank offers Mudra loans under the Pradhan Mantri Mudra Yojana (PMMY) to support micro and small enterprises. These loans provide financial assistance for business expansion, working capital, or other needs. Eligible applicants include individuals, proprietorships, partnerships, and small businesses, with options for collateral-free funding.
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.
Any small or medium business enterprise engaged in generating income through non-farm activities is eligible to obtain Mudra loans from HDFC Bank.
Depending on your profile, the loan application is approved quickly, within a few working days.
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