Cent Mudra Term Loan - Digital

Cent Mudra Term Loan             Apply Now

Purpose: To meet the short-term/long term credit needs of micro businesses through loans.

Who can Apply: Individuals / Proprietorship running as Small Manufacturing / Service Units

Documents Required:

  • Udyam Aadhar mandatorily.
  • Existing saving/current account holder of our Bank for minimum 6 months for loans up to ₹ 2 lacs and 1 year for loans above ₹ 2 lacs. 
  • ITR-4 Form for loans above ₹ 2 lacs.
  • Quotation required for loans above ₹ 50,000.
    Security  - Nil, Account will be covered under CGTMSE
Maximum Loan: Up to ₹ 10 lakh per customer

Interest Rate:

Tenure

Rate of Interest (RBLR = 9.35%)

 Up to 3 years

RBLR + 0.95  %               = 10.30 %

 3- 5 years

RBLR + 0.95 + 0.20 %     = 10.50 %

 5 - 7 years

RBLR + 0.95 + 0.30 %     = 10.60 %

Processing Fee:
• No Processing Charges for Loans up to ₹5 Lakh  
• For Loans above ₹5 Lakh – 0.25% of loan amount + GST 

Documentation Charges:
• ₹ 2500 for loans above ₹ 2 lacs
API Charges & CGTMSE Fees: As applicable