ICICI Bank Mudra Loan

ICICI bank has also launched an ICICI Bank Online Mudra Loan Scheme and under that scheme, you can apply for e mudra loan online. It is free with a low-interest rate.

Micro Units Development & Refinance Agency Ltd. (MUDRA) is a new institution set up by the Government of India to provide funding to the non-corporate, non-farm sector income generating activities of micro and small enterprises whose credit needs are below ₹10 Lakh.

Under the aegis of Pradhan Mantri MUDRA Yojana (PMMY), MUDRA has created three products i.e. ‘Shishu’, ‘Kishore’ and ‘Tarun’ as per the stage of growth and funding needs of the beneficiary micro unit. These schemes cover loan amounts as below:

1. Shishu: covering loans up to ₹50,000
2. Kishore: covering loans above ₹50,000 and up to ₹5,00,000
3. Tarun: covering loans above ₹5,00,000 and up to ₹10,00,000

All Non-Corporate Small Business Segment (NCSBS) comprising of proprietorship or partnership firms running as small manufacturing units, service sector units, shopkeepers, fruits/vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, food processors and others in rural and urban areas, are eligible for assistance under Mudra.

Bank branches would facilitate loans under the Mudra scheme as per customer requirements. Loans under this scheme are collateral free loans.

ICICI Bank Online Mudra Loan could be availed for the following

Vehicle loan: Commercial vehicle loan, Car loan and Two-wheeler loan

Business Installment Loan (BIL):  Loan for working capital requirement, buying plant and machinery, renovating offices, etc.

Business Loans Group Loans (BLG) and Rural Business Credit (RBC):  We offer Drop line overdraft/Overdraft facility/Working capital loans

Vehicle Loans

• Mudra application form
• Vehicle loan application form
• 2 passport size colour photographs
• Photo Identity proof
• Address proof
• Income proof
• Bank statement (last 6 months)

Business Installment Loan

• Mudra application form
• BIL application form
• Photo identity proof
• Address proof
• Establishment proof
• Bank statement (last 6 months)
• Ownership proof of residence/office
• Proof of continuity of business
• Proof of qualification
• Trade references

Business Loans Group and Rural Business Credit

• Mudra application Form
• BIL/RBC application form
• Photo identity and age proof
• Address proof
• Ownership proof of residence/office
• Business vintage proof
• Bank statement (last 12 months)
• Income tax return (last 2 years)

ICICI bank is not providing any online faculty to get mudra loan like SBI emudra online. You have to visit bank branch for mudra loan. You can download ICICI bank mudra loan form online. Click here to download ICICI Bank Mudra loan online application form.

Frequently Asked Questions

Is ICICI Bank providing Mudra Loan?
Yes, ICICI Bank is the leading private bank and like other banks it is also providing Mudra Loan under ICICI Bank mudra loan scheme/ PMMY.

Which ICICI Bank branch is providing Mudra Loan?
All ICICI Bank branches is authorised to accept your mudra loan application and process. You can apply Mudra loan at any ICICI Bank branch.

How Can I apply Mudra loan in ICICI Bank?
You need an ICICI bank mudra loan application with few documents to apply mudra loan. It is very simple process.

What is the interest rate of Mudra Loan?
ICICI Bank is charging nominal rates on mudra loans which is floating and may change as per the RBI guideline. Please visit bank website or visit nearest ICICI Bank branch.

Is ICICI Bank Mudra Loan is available online?
Yes, ICICI Bank is providing mudra loan online. Pls visit the Bank website or click here

Am I eligible for ICICI bank Mudra Loan?

Yes, everyone is eligible for ICICI Bank Mudra loan? Before approving the loan bank will check your background and after satisfaction on certain parameters, they will disburse mudra loan in your account.

Is Bank account mandatory in ICICI Bank for loan?

No, it is not mandatory that your bank account should be in ICICI bank but if your account is there it will help you to apply ICICI Bank mudra loan.

Courtesy:- ICICI Bank