Mudra Loan Online Apply 2026 — Up to ₹10L, No Collateral

Mudra loan categories

• Shishu: up to ₹50,000 (new businesses)
• Kishor: ₹50K–₹5L (growing businesses)
• Tarun: ₹5L–₹10L (established businesses)

Interest rate 2026

8-12% APR depending on bank & profile. No processing fee under PMMY.

Documents needed

• Aadhaar + PAN
• Business proof (Udyam / GST / shop license)
• 6-month bank statement
• Address proof
• 2 passport photos

Apply online (2 ways)

1. udyamimitra.in — official portal

2. Directly with bank — SBI YONO, HDFC, ICICI, PNB all have online Mudra flows

Banks that approve fastest in 2026

Bank of Baroda, SBI, PNB, HDFC (for existing customers).

Rejection reasons (avoid these)

• CIBIL <650
• No Udyam registration
• Bank account <6 months old
• Existing default on any loan