IDBI Bank Mudra Loan

The IDBI Bank Mudra Loan, part of the Pradhan Mantri Mudra Yojana (PMMY), supports non-farm income-generating activities. Ideal for individuals and MSMEs in sectors like manufacturing, trading, and services, this loan offers up to ₹10 Lakhs without collateral. No matter if you're located in a rural region or a metro city, the IDBI Bank Mudra Loan can support your business expansion or working capital requirements.

Here are the key IDBI Bank Mudra Loan highlights, providing a quick overview of the loan features, eligibility, and terms:

Disclaimer: The details in this table are for informational purposes only and may change; please contact IDBI Bank for the latest terms and conditions.

The IDBI Bank Mudra Loan interest rate is linked to the Bank's Base Rate and the applicant's credit rating. As of February 12, 2025, the rate for Micro, Small, and Medium Enterprises (MSMEs) is set at 9.10%. The loan amount can range from ₹50,000 to ₹10 Lakhs, with the rate varying based on the business and credit profile of the applicant.

Processing charges are as follows:

• Nil for loans up to ₹5 Lakhs

• Up to 0.50% for loans exceeding ₹5 Lakhs

There is no collateral or third-party guarantee required, making it a low-risk financing option for entrepreneurs.

Here are the key eligibility criteria for the IDBI Bank Mudra Loan, helping you determine if your business qualifies for this financing option:

• The IDBI Bank Mudra Loan eligibility applies to individuals and MSMEs engaged in non-farm income-generating activities

• Eligible businesses include those in manufacturing, trading, or service sectors, such as professionals offering services

• Entrepreneurs from both urban and rural areas across India can apply for this loan

• The loan supports working capital needs or capital expenditure for setting up or expanding businesses

• There is no requirement for collateral or a third-party guarantee to secure the loan

Here is a list of the essential documents required to apply for the IDBI Bank Mudra Loan:

• Identity Proof: Aadhaar card, PAN card, or passport

• Address Proof: Utility bills, voter ID, or property tax receipts

• Income Proof: For self-employed applicants, Income Tax Returns (ITR) or business financials; for salaried individuals, salary slips or bank statements

• Business Proof: Business registration documents or partnership deed

• Additional documents may be requested based on the loan type (Shishu, Kishore, or Tarun)

The repayment tenure for the IDBI Bank Mudra Loan varies depending on the type of loan:

• Cash Credit/Overdraft: 12 months, repayable on demand

• Term Loan: Up to 5 years for larger business needs such as equipment or infrastructure purchases

Here’s how you can apply for the IDBI Bank Mudra Loan in a few simple steps:

1. Visit the nearest IDBI Bank branch to discuss your business requirements and loan options

2. Fill out the loan application form with the required details

3. Submit your documents, including identity proof, business proof, and income proof

4. Loan assessment: The bank will evaluate your application based on your business and credit profile

5. Approval and disbursement: After approval, the loan amount will be disbursed as per the loan terms

Here are the IDBI Bank customer care details for any assistance with your Mudra loan or other banking services:

Toll-Free Numbers: Available for most mobile and landline operators:

• 1800-209-4324

• 1800-22-1070

Call Centre Numbers: For chargeable calls, contact:

• 022-67719100

• 0091-22-67719100 (for international calls)

Customer Care Centre Address

IDBI Bank Ltd.

19th Floor, IDBI Tower, WTC Complex,

Cuffe Parade, Colaba, Mumbai - 400 005

Email Support: Reach out for inquiries at

customercare@idbi.co.in

These contact methods ensure you can easily receive the support you need regarding the IDBI Bank Mudra Loan or any other banking service.