Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Maximum financeUp to ₹20 lakh: Shishu up to ₹50,000; Kishore ₹50,001–₹5 lakh; Tarun ₹5,00,001–₹10 lakh; Tarun Plus ₹10,00,001–₹20 lakh for borrowers who repaid a Tarun loan.View source
The official page gives category bands and a ₹20 lakh maximum including Tarun Plus.
- Source
- Mudra Loan
- Page / section
- Features / — Maximum Limit
- Accessed
- 21 Aug 2026
- Confidence
- high
Maximum tenureTerm/
The distinguishes term/demand and working-capital repayment periods.
- Source
- Mudra Loan
- Page / section
- — Repayment Period
- Accessed
- 21 Aug 2026
- Confidence
- high
Processing feeNil for all categories.View source
The official states nil processing fee for every category.
- Source
- Mudra Loan
- Page / section
- — Processing Fee
- Accessed
- 21 Aug 2026
- Confidence
- high
Prepayment / closureNil pre-closure charges.View source
The explicitly says pre-closure charges are nil.
- Source
- Mudra Loan
- Page / section
- — Pre-closure charges
- Accessed
- 21 Aug 2026
- Confidence
- high
EligibilityNon-farm micro or small enterprises engaged in income-generating manufacturing, trading or services; collateral is not required, while assets created from finance are hypothecated and CGTMSE coverage is noted.View source
The page describes eligible non-farm micro/small enterprises and its no-collateral structure.
- Source
- Mudra Loan
- Page / section
- Overview / Eligibility /
- Accessed
- 21 Aug 2026
- Confidence
- high
Repayment tenureTerm/
The publishes maximum up to 84 months for term/demand facilities and 12 months for working capital, both subject to annual review.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- — Repayment Period
- Accessed
- 29 Aug 2026
- Confidence
- high
Pre-closure chargeNil pre-closure charges.View source
The row states that pre-closure charges are nil.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- — Pre-closure charges
- Accessed
- 29 Aug 2026
- Confidence
- high
Income eligibilityNo minimum income amount is published. PMMY eligibility is based on a non-farm micro or small enterprise engaged in income-generating manufacturing, trading, services or allied agriculture, with credit needs up to ₹20 lakh; the page explicitly says there is no minimum loan amount.View source
The issuer defines enterprise and credit-need conditions and expressly publishes no minimum loan amount, but no minimum income figure.
- Source
- Mudra Loan ()
- Page / section
- Features; Eligibility;
- Accessed
- 29 Aug 2026
- Confidence
- high
BenchmarkMudra Loan pricing is not tied to a single external benchmark in the reviewed product page. Bank of Baroda states that the rate is as applicable to its MSME-sector pricing mechanism and may be revised; no fixed benchmark or universal rate is published.View source
The official page states “: As applicable to Sector” and does not name an external benchmark or fixed rate.
- Source
- Mudra Loan () — rate treatment
- Page / section
- Features —
- Accessed
- 29 Aug 2026
- Confidence
- high
Facility typePMMY business finance is available as a term/demand loan or a working-capital facility for eligible non-farm micro and small enterprises.View source
The official page distinguishes term/demand finance from working-capital finance in its repayment section.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- Overview / — Repayment Period
- Accessed
- 29 Aug 2026
- Confidence
- high
RateThe current PMMY page says ROI is as applicable to the MSME sector. The Bank of Baroda MSME matrix publishes BRLLR + SP for micro limits up to ₹50,000, BRLLR + SP + 2.00% above ₹50,000 to ₹2 lakh, and BRLLR + SP + 2.20% above ₹2 lakh to ₹10 lakh; Tarun Plus above ₹10 lakh is governed by the applicable current MSME pricing band. BRLLR is 7.90% p.a. w.e.f. 6 December 2025, so the final rate remains limit- and borrower-dependent.Effective 6 Dec 2025View source
The page directs rate to pricing; the current page publishes the micro limit bands and context.
- Source
- Loan Interest Rates — current matrix used by Mudra-linked products
- Page / section
- Regulatory limits up to ₹25 lakh; context
- Accessed
- 11 Sept 2026
- Confidence
- high
Maximum loan amountUp to ₹20 lakh under PMMY, comprising Shishu up to ₹50,000, Kishore above ₹50,000 to ₹5 lakh, Tarun above ₹5 lakh to ₹10 lakh, and Tarun Plus above ₹10 lakh to ₹20 lakh for borrowers who have successfully repaid a Tarun loan.View source
The page lists four categories and states that the maximum loan amount is ₹20 lakh, with Tarun Plus restricted to successful Tarun-loan repayment.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- Features — categories and Maximum Limit
- Accessed
- 29 Aug 2026
- Confidence
- high
Security / collateralNo collateral security is required for eligible Mudra accounts covered under CGTMSE. Assets created from the Bank's finance are hypothecated as primary security.View source
The page states no collateral is required and that Mudra loans are covered under , while assets created by bank finance are hypothecated.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- — Security / Insurance / Guarantee
- Accessed
- 29 Aug 2026
- Confidence
- high
Documents requiredCompleted Mudra application; identity and residence proof for all applicants; business identity/address proof; recent photographs; SC/ST/OBC/minority proof where applicable; proof of loan requirement such as equipment quotations and vendor details; and any additional document required under sanction terms.View source
The Documentation section lists the application, , business, category and loan-purpose documents and allows additional documents under sanction terms.
- Source
- Mudra Loan () — Bank of Baroda official product page
- Page / section
- Documentation
- Accessed
- 29 Aug 2026
- Confidence
- high
Benefits and features
- Credit facilities for micro and small enterprises without collateral or security, subject to the scheme and bank rules.
- No processing charge and no minimum loan amount are published.
- Finance can be fund-based or non-fund-based and used for eligible manufacturing, trading, services and allied-agriculture income-generating activities.
- categories cover Shishu up to ₹50,000, Kishore from ₹50,001 to ₹5 lakh, Tarun from ₹5,00,001 to ₹10 lakh and Tarun Plus from ₹10,00,001 to ₹20 lakh for successful Tarun-loan borrowers.
- Term/
demand repayment can run up to 84 months with a suitable moratorium; working-capital facilities are reviewed annually, and the page notes coverage plus hypothecation of financed assets.
Eligibility
- Non-farm micro or small enterprises engaged in income-generating manufacturing, trading or services
- collateral is not required, while assets created from finance are hypothecated and coverage is noted.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Mudra application
- identity proof
- residence proof
- business registration/address proof
- photographs
- category proof where applicable
- equipment quotations/vendor details
- sanction-specific documents
Related official documents
Bank of Baroda loan product pages — eligibility, limits and chargesofficial-product-pages · current-at-review · accessed 29 Sept 2026
↗MSME Loan Interest Rates — current matrix used by Mudra-linked productsofficial-rate-page · current · accessed 11 Sept 2026
↗Mudra Loan — Pradhan Mantri Mudra Yojana current official pageofficial-product-page · current · accessed 11 Sept 2026
↗Mudra Loan (PMMY) — Bank of Baroda official product pageofficial-product-page · current · accessed 29 Aug 2026
↗Bank of Baroda loan APR auditofficial-product-pages-and-rate-table · current-at-review · accessed 29 Sept 2026
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