ICICI Bank Mudra Loan How To Apply

ICICI Bank Mudra Loan How To Apply

ICICI Bank also offers ICICI Bank Online Mudra Loan Scheme and under that program, you can apply for e mudra loan online. It’s free with a low interest rate.

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution established by the Government of India to fund non-corporate, non-farm activities that generate income for small and medium enterprises whose debt requirements are less than R10. Lakh.

Under the auspices of the Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products namely ‘Shishu’, ‘Kishore’ and ‘Tarun’ in terms of the growth phase and the financial needs of the small beneficiary unit. These plans include loan rates as below:

  • Shishu: covers a loan of up to R50,000
  • Kishore: loan coverage of more than R50,000 and up to R5,00,000
  • Tarun: loan coverage of more than R5,00,000 and up to R10,00,000

Every Non-Enterprise Subsidiary (NCSBS) comprising ownership or co-operative firms operating as small production units, service industry units, shop owners, fruit / vegetable retailers, truck drivers, food service units, grocery stores, machinery operators, small industries, food processors and others in rural and urban areas, they are eligible for assistance under Mudra.

Bank branches will provide loans under the Mudra scheme according to customer requirements. Loans under this program are free loans.

ICICI Bank Online Mudra Loan can be used for the following

  • Car loan: Commercial car loan, car loan and two-wheeler loan
  • Business Institutional Loan (BIL): Loans for operating capital, purchasing machinery and equipment, office repairs, etc.
  • Business Loans Group Loans (BLG) and Local Business Loans (RBC): Offers Drop line overdraft

Required documents to Pradhan Mantri Mudra Yojana

Car Loan

  • Mudra application form
  • Car loan application form
  • 2 color images of earth size
  • Proof of photo ownership
  • Proof of address
  • Proof of income
  • Bank statement (6 months ago)

Business Institutional Loans

  • Mudra application form
  • Application form BIL
  • Proof of photo ownership
  • Proof of address
  • Proof of establishment
  • Bank statement (6 months ago)
  • Proof of ownership of the residence / office
  • Proof of business continuity
  • Proof of qualifications
  • Trade indicators

Business Loans Group and Rural Business Credit

  • Mudra application form
  • BIL / RBC application form
  • Image ID and age proof
  • Proof of address
  • Proof of ownership of the residence / office
  • Vintage proof of business
  • Bank statement (12 months ago)
  • Income tax return (2 years ago)

ICICI Bank does not offer any online skills to get a mudra loan like SBI emudra online. You should visit a bank branch to get a mudra loan. You can download the ICICI bank mudra loan form online. Click here to download the ICICI Bank Mudra online application form.

Frequently Asked Questions

Does ICICI Bank offer Mudra Loan?

Yes, ICICI Bank is a leading private bank and like other banks and offers Mudra Loan under the ICICI Bank loan loan mudra scheme / PMMY.

Which ICICI Bank branch offers Mudra Loan?

All ICICI Bank branches are authorized to accept your mudra loan application and process. You can apply for a Mudra loan at any branch of ICICI Bank.

How do I apply for a Mudra loan at ICICI Bank?

You need to apply for a mortgage mudra at ICICI with a few documents to apply for a mudra loan. It is a very simple process.

What is the interest rate of Mudra Loan?

ICICI Bank charges interest rates for floating mudra and may change in accordance with RBI guidelines. Please visit the bank’s website or visit the nearest ICICI Bank branch.

Is ICICI Bank Mudra Loan available online?

Yes, ICICI Bank offers mudra loans online. Pls visit the Bank’s website or click here

Am I eligible for the ICICI bank Mudra Loan?

Yes, everyone deserves a loan from ICICI Bank Mudra? Before authorizing a loan the bank will check your domain and after you are satisfied with certain restrictions, it will issue a mudra loan from your account.

Is a bank account an obligation for ICICI Bank to borrow?

No, it is not mandatory for your bank account to be in ICICI bank but if your account is available it will help you to apply for ICICI Bank loans.

Does ICICI Bank offer Mudra Loan?

Yes, ICICI Bank is a leading private bank and like other banks and offers Mudra Loan under the ICICI Bank loan loan mudra scheme / PMMY.

Which ICICI Bank branch offers Mudra Loan?

All ICICI Bank branches are authorized to accept your mudra loan application and process. You can apply for a Mudra loan at any branch of ICICI Bank.

How do I apply for a Mudra loan at ICICI Bank?

You need to apply for a mortgage mudra at ICICI with a few documents to apply for a mudra loan. It is a very simple process.

What is the interest rate of Mudra Loan?

ICICI Bank charges interest rates for floating mudra and may change in accordance with RBI guidelines. Please visit the bank’s website or visit the nearest ICICI Bank branch.

Is ICICI Bank Mudra Loan available online?

Yes, ICICI Bank offers mudra loans online. Pls visit the Bank’s website or click here

Am I eligible for the ICICI bank Mudra Loan?

Yes, everyone deserves a loan from ICICI Bank Mudra? Before authorizing a loan the bank will check your domain and after you are satisfied with certain restrictions, it will issue a mudra loan from your account.

Is a bank account required at ICICI Bank to borrow?

No, it is not mandatory for your bank account to be in ICICI bank but if your account is available it will help you to apply for ICICI Bank loans.

Leave a Comment