MyMudra – Ashirvad Loan

LIVE A BETTER LIFE WITH ASHIRVAD LOAN

Spending all of your savings on wedding expenses is not the smart choice, nor on remodeling your kitchen to make your house comfortable. It can cost you a huge  Planning a wedding, renovating your home, or even planning a vacation? My Mudra's Ashirvad Loan is the solution.

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Ashirvad Loan

 

Eligibility & Documentation


Mudra's Ashirvad loans can help you live a comfortable and safe life, providing you with a safety net in case of unplanned or immediate financial difficulties. With our easy-to-use online application, you can apply online, and the funds will be credited to your account once your loan is approved.

 

My Mudra’s Ashirvad Loan Eligibility Criteria

 

 

Salaried Individuals

Self-Employed Individuals

Entitled Borrowers

Government / Semi government / PSU / Private/MNCs/ Proprietorship/Partnership businesses

Proprietor /

Partners /Directors

Age

The person should be 21 years old at the time of loan application and his maximum age should be 65 years

Applicant must be a minimum of 21 years of age at the time of application and should be a maximum of 65 years at loan maturity.

Income

Net monthly salary should be Rs.20,000

Gross annual income should be of minimum Rs.2.5 lakh

 

Net monthly salary should be Rs.25,000 (if residents of the metro city)

Gross annual income should be of minimum Rs.3 lakh

Experience / Vintage

Minimum 2 years of work experience

Minimum 3 years in current business/profession

CIBIL score

Should have a minimum CIBIL score of at least 750.

Should have a minimum CIBIL score of at least 750.

Work History

No defaults in the previous 24 months.

No defaults in the previous 24 months.

Citizenship

Individuals with Indian citizenship

Individuals with Indian citizenship

 

Documents Required To Avail My Mudra’s Ashirvad Loan

 

Salaried Individuals

Self-Employed Individuals

Identity Documents

PAN Card, Aadhaar Card, Voter Identity Card, Driving License,

PAN Card, Aadhaar Card, Voter Identity Card, Driving License

 

Job Card issued by NREGA duly signed by an officer of the State Government

Job Card issued by NREGA duly signed by an officer of the State Government

Address Proof

· Recent Electricity bill

· Recent Telephone bill

· Ration Card

 

· Driving License with Photo

 

 

· Recent Electricity bill

· Recent Telephone bill

· Ration Card

 

· Driving License with Photo

 

Income Proof

· Last month’s pay slip

· Recent bank statement

· Form 16

· Last month’s pay slip

· Recent bank statement

· Form 16

Purpose of loan

For repairs / renovations / financing wedding / education expenses / medical expenses / bank transfer / travel expenses, shopping, and more.

For repairs / renovations / financing wedding / education expenses / medical expenses / bank transfer / travel expenses, shopping, and more.

 

Purchase of furniture, gadgets such as fans, geysers, air-conditioners, smartphones, TVs, vocational courses, and more.

Purchase of furniture, gadgets such as fans, geysers, air-conditioners, smartphones, TVs, vocational courses, and more.

Required

document

A document that estimates the cost of expenses.

A document that estimates the cost of expenses.

 

Once your loan has been approved, it will be credited to your registered bank account immediately.

eligibility

How to improve your Ashirvad Loan Eligibility?

Follow these tips to improve your Ashirvad Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.

improve-eligibility

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Security

From taking regular backups to using stronger passwords, we strictly prohibit any kind of unauthorized access of your crucial data, corruption, or theft throughout its life cycle.

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