Kotak Mahindra Bank offers MUDRA Loan facility under Pradhan Mantri Mudra Yojana (PMMY) under 3 schemes - Shishu, Kishor and Tarun for granting financial aid to MSMEs.

Key Features of Kotak Mahindra Bank Mudra Loan

 

Particulars

Kotak Mahindra Bank Mudra Loan Features

Loan Amount

Up to Rs. 10 lakhs

Eligibility
  • Individuals, start-ups, proprietors, partners, women entrepreneurs and MSMEs 
  • Applicants having good financial and past loan repayment history will be given preference
  • An applicant with no loan defaults with any bank or NBFC will be preferred
  • Indian Citizens having no criminal background

Rate of Interest

11.5% -18% p.a.

Maximum Loan Tenure

Up to 5 years

Loan Type and Loan Amount

Shishu

Kishor 

Tarun 
  • Up to Rs. 50,000
  • Between Rs. 50,000 - Rs. 5.00 Lakhs
  • Between Rs. 5.00 Lakhs - 10.00 Lakhs

Borrower Age 

18 years – 65 years

Rate of Interest

Based on the borrower’s profile and requirement for loan

Collateral

No collateral required