MUDRA Yojana

MUDRA Yojana (PMMY) is a scheme launched by the Hon’ble Prime Minister on 2024 for providing loans up to 20 lakh - 50 lakh to the non-corporate, non-farm small/micro enterprises. These loans are classified as MUDRA loans under PMMY. These loans are given by Commercial Banks, RRBs, Small Finance Banks, MFIs and NBFCs. The borrower can approach any of the lending institutions mentioned above or can apply online through this portal . Under the aegis of PMMY, MUDRA has created three products namely 'Shishu', 'Kishore' and 'Tarun' to signify the stage of growth / development and funding needs of the beneficiary micro unit / entrepreneur and also provide a reference point for the next phase of graduation / growth.

How we profit:

Our services are offered at zero cost to users. You can apply for a loan with us without incurring any application or hidden fees. Instead, we shift the charge to lenders and potential lenders interested in reviewing your information through our site.

We are not a lender:

We are not a lender and does not broker loans to lenders or make decisions regarding loans or credit. It is not an agent, representative, or broker of any lender and does not endorse any lender or charge you for any service or product. This website does not constitute an offer or solicitation to lend. This site allows you to submit the information you provide to a lender. We exercise no control over our network's lenders or lending partners and are not responsible for any of their actions. We are not their agents or representatives. The loan request you submitted on our website is not a loan application.

Loan offers:

We analyses your loan application to find the best offer for you from our network of lenders. However, despite our large network, We do not have access to all lenders or loan products. Therefore, the offer you receive on our website might not always be the best option for you. Hence, you should make an informed decision after considering all offers from different platforms to make the best decision for your unique situation.

Illustrative example:

If you borrow ₹5,000 over a 48-month period with an arrangement fee of 8% (₹400), your monthly repayments will be ₹131.67, with a total repayment amount of ₹6,320.12, which including the 8% arrangement fee would amount to a cost of ₹1,720.12. This is representative of 18.23% APR.

APR & Interest rates:

The APR can range from 5.99% to 35.99%. We have no control over the actual APR offered to you by the lenders. The APR offered to you is dependent on various factors like loan amount, tenure, credit score, and interest rate. The minimum tenure for a loan is 61 days.

Availability of services:

While We have an extensive network of lenders, not all of them may offer their services at your location. Depending on their internal policies, different lenders choose not to extend services to various locations.

Credit score:

Credit scores are used by lenders to assess your ability to manage finances and repay debt. Your credit score is calculated by credit bureaus like CIBIL by taking factors like income, debt, and credit history into account. The loan options and interest rates offered to you by lenders might be dependent on your credit score.

Loan guarantee:

The completion of a loan application on our website does not guarantee loan approval. The lenders assess your application to determine loan eligibility and the amount that you are eligible for. While we strives to process loan applications within 24 hours, funds might take longer to get transferred in some instances. All information provided on this site must be taken as opinion, and users should perform due diligence and research before making financial decisions.