Check your eligibility for Mudra loan, MSME term loan, and working capital loan instantly. Based on turnover, profit margins, CIBIL score, and collateral. This free tool is designed for Indian MSME owners, small businesses, freelancers, and entrepreneurs. No registration required.
Frequently Asked Questions
Shishu: up to ₹50,000. Kishore: ₹50,000 to ₹5 lakhs. Tarun: ₹5 to ₹10 lakhs. Tarun Plus: ₹10 to ₹20 lakhs. All Mudra loans are collateral-free and available at any public sector or private bank.
Working capital loan eligibility requires: minimum 2 years in business, CIBIL 650+, net profit positive for last 2 years, annual turnover above ₹10 lakhs, and valid GST/business registration. Banks typically sanction 20–25% of annual turnover as working capital limit. Use this calculator to estimate your working capital loan eligibility instantly.
Most public sector banks require CIBIL 700+ for MSME and business loans. NBFCs may consider 650+. A score below 600 makes approval very difficult. Mudra Shishu loans (under ₹50,000) may still be sanctioned under government priority-sector targets. Pay all EMIs on time and clear credit card dues to improve your CIBIL score.
Standard documents: GST registration certificate, 2–3 years ITR with P&L and balance sheet, 6–12 months bank statements, Udyam/MSME registration certificate, KYC (Aadhaar + PAN), business registration proof, and property documents (secured loans only).
MSME loan interest rates range from 8.5% to 18% p.a. depending on lender type and credit profile. PSBs offer 9–12% for well-rated borrowers. Mudra loans: 8.5–12%. NBFCs: 12–22%. CGTMSE-backed loans get 0.5–1% lower rates. Always compare the effective annual rate (EAR) not just the stated rate.
Yes, but options are limited. Mudra Shishu (up to ₹50,000) is available for startups. SIDBI's SMILE scheme covers early-stage businesses. NBFCs and fintech lenders like Lendingkart, Indifi, or FlexiLoans may fund 6+ month-old businesses with GST history and healthy bank statements — though at higher rates (16–24% p.a.).