Types of Business Loans
| Loan Type | Amount | Interest Rate |
|---|---|---|
| MUDRA - Shishu | Up to ₹50,000 | 10-12% |
| MUDRA - Kishore | ₹50K - ₹5L | 10-12% |
| MUDRA - Tarun | ₹5L - ₹10L | 11-14% |
| Term Loan | ₹10L - ₹5Cr | 11-18% |
| Working Capital | Varies | 12-20% |
Eligibility Criteria
- Business vintage: 1-3 years (varies by lender)
- Minimum turnover: ₹40 lakhs - ₹1 crore
- Profitability for 2+ years
- Good credit score (700+)
- ITR filing for 2-3 years
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CGTMSE Scheme
Collateral-free loans up to ₹2 crore are available under Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme.