✓Minimal Documentation ✓Flexible Repayment ✓Collateral Free Loan | Apply for Business Loan Now! Check Eligibility

ICICI Bank is an Indian banking and financial services company that offers a number of banking products and financial services. One such loan product is the ICICI Bank Mudra loan. These loans are offered under the Pradhan Mantri Mudra Yojana (PMMY). The primary objective of these loans is to provide financial assistance of up to ₹10 Lakhs to the non-corporate, non-farm small and micro enterprises. 

ICICI Bank Mudra Loan Highlights

Here are the key highlights of the ICICI Bank Mudra loan:

Credit Nature

  • Working capital 

  • Term loan

Purpose

  • Vehicle Loans

  • Business Instalment Loan (BIL)

  • Business Loans Group Loans (BLG) and Rural Business Credit (RBC)

Eligible Borrowers

  • Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms 

Maximum Loan Amount

Up to ₹10 lakh, in accordance with 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

12 months to 5 years

Interest rates

As per bank policies

Collateral security

No collateral will be required. 

*Subject to change at the discretion of the bank. 

ICICI Bank Mudra Loan Features

Here the features of the ICICI Bank Mudra loan: 

  • The ICICI Bank Mudra loan under the Pradhan Mantri Mudra Yojana (PMMY) is an MSME-focused business loan product. 

  • The ICICI Bank Mudra loan is a collateral-free loan product. 

  • All Non-Corporate Small Business Segment (NCSBS) consisting of proprietorship or partnership firms are eligible for the ICICI Bank Mudra loan. 

  • There are three categories of loans offered under the ICICI Bank Mudra loan - SHISHU, KISHOR and TARUN. 

ICICI Bank Mudra Loan Interest Rates

Loan Categories

Interest Rates 

SHISHU

 

 

As per bank’s policies

KISHORE

TARUN

ICICI Bank Mudra Loan Eligibility Criteria

Here’s the eligibility criteria for the ICICI Bank Mudra loan:

  • All Non-Corporate Small Business Segment (NCSBS), can be either proprietorship or partnership firms are eligible to apply for the ICICI Bank Mudra loan. 

Documents Required for ICICI Bank Mudra Loan

Here are the documents required in order to apply for the ICICI Bank Mudra loan: 

  • Application form for Mudra loan

  • Address proof

  • Two passport-sized colour photographs

  • Bank statement (for the past six months)

  • Income proof

  • Photograph identity proof

  • ITR (for 2 years)

  • Business vintage proof

  • Ownership proof of residence/office

  • Trade references

  • Financials certified by CA 

  • Qualification proof

Read More

How to Apply for ICICI Bank Mudra Loan

You may visit your nearest ICICI Bank branch to begin your ICICI Bank Mudra loan application process. In addition, you can apply online too.

ICICI Bank Customer Care

You can contact the ICICI Bank customer service by calling their toll-free number: 1800 1080. 

DISCLAIMER:

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.

Read More

FAQs for ICICI Bank Mudra Loan

Who can apply for ICICI Bank Mudra Loan?

All Non-Corporate Small Business Segment (NCSBS) consisting of proprietorship or partnership firms are eligible for the ICICI Bank Mudra loan.

Is income proof required for ICICI Mudra loan?

Yes, when you apply for a Mudra loan with ICICI bank, you would be required to submit your income proof. 

Can I apply for the ICICI Mudra Loan without ITR?

Vehicle loans, business loans group and rural business credit do not require ITR you to submit ITR.

Home
active_tab
Loan Offer
active_tab
Download App
active_tab
CIBIL Score
active_tab