How Much Time Does It Take To Make A Mudra Loan

The turnaround time for processing and disbursing the Shishu loans is 7-10 days. For the other two categories of MUDRA loans, Kishore and Tarun, the processing period is different from lender to lender. If you are already a customer who has a bank account and if you have a good relationship with your bank, you have a chance of getting your loan disbursed quickly. You would also be able to bargain for good interest rates and higher loan amounts. 

Good credit history will also come in handy if you want your loan to be disbursed quickly and with ease. Having a good credit score means that you have been responsible with credit in the past and you have made your payments on time. With a good credit record your lender will trust you to  make repayments on time and thus they would consider you to be a reliable borrower. The processing of the loan will also depend on other eligibility factors and on the scheme that you choose too.