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Higher Loan Amount | Attractive Interest Rates | Fast Loan Disbursal

Looking to expand your business? Want to give wings to your dream business venture? Planning to acquire a new business? Count on our easy and faster business loans that can help you take your dreams to newer heights. 

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Micro Loan


Eligibility & Documentation

Here is the eligibility criteria that need to be fulfilled to avail a microloan from My Mudra

Age : The person’s age must be between 20 and 60 years

Citizenship: The applicant must be a permanent resident of India

Business Age: The business should be operational for the past 3 years

Annual Turnover: The business must have a minimum annual turnover of ₹20 lakh.

Required Documents

The following documents are required to avail a micro Loan. These documents need to be submitted by every application that wants to avail of a micro loan in India from My Mudra Fincorp. You won’t face much difficulty in getting these documents

List of Documents

KYC : Company PAN Card, Director/Proprietor/ Partner PAN Card, Aadhaar Card, and Passport. Proprietor/Partner/Director  Electricity Bill/Rent Agreement/Passport.

Business Address Proof : Electricity/Water bills/ Rent Agreement.

Financial Documents : Company’s Bank account statement for the past 6 months.

Please keep in mind the aforementioned documents are indicative. More documents may be asked for during the process of your business loan. 


How to improve your Micro Loan Eligibility?

Follow these tips to improve your Micro 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.


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