Start-Up Loan
Make your ideas into reality with MUDHALPADI!
Start-ups contribute to the creation of new markets and enhance the quality, availability, and affordability of products and services in India. The innovative ideas from young minds only require the right support to blossom into reality. Mudhalpadi is poised to nurture this talent and serve as the backbone of these businesses by providing the necessary financial support to meet their capital requirements.
Tenure
Upto 36 Months
Interest Rate
14 - 25%
Processing Fee
Upto 3.5%
Features and Benefits
Our business loan ranges Upto ₹25,00,000/- covering the capital requirements of Start-Up.
Flexible Tenure
You can choose your loan tenure for any period between 1 and 3 years
Credit Enhancement
Customer is eligible for top-up of loan amount after 12 months EMI are repaid.
Eligibility
Nationality: Indian
Credit Score: 685 or higher
Age: 21 years to 75 years
Work status: Self-employed
New Business owners and entrepreneurs
Business vintage: Eligibility will be reviewed on a case to case basis
Sole proprietorship firms
Private limited companies and closely held limited companies
Partnership firms & limited liability partnership firm
Required Documents
Photo Identity Proof
- Aadhar Card
- PAN Card
- Voter Id
- Valid Passport
- ID Proof issued by Panchayat
- Updated Bank passbook with Photo attestation by Nationalized Bank/Pvt Bank
Address Proof
- Aadhar Card
- Ration Card
- Voter Id
- Electricity Bill
- Valid Passport
- Updated Bank Passbook of Nationalized Bank/Pvt Bank with same address
*Please choose any 2 documents from each photo identity proof and address proof list.
Income Proof and other Documents
- ITR
- Copy of GST Registration
- Copy of monthly and quarterly GST Returns
- Shop Act Licence (for urban/semi-urban)
- Certificate of Incorporation of Borrower Company and Memorandum of Association (MOA) and Articles of Association (AOA)
- Copy of Registered Partnership Deed
- Copy of Registered Deed for LLP
- Bank statements
- Copies of all existing facility/sanction letters/Track records
- Financial statements
- Udyam Registration
- MSME Certificate
Collateral Documents
- Title Document
- Pledge agreement
- Tax Certificate
- Non - encumbrance letter
- No objection Letter and other documents as per sanction
Business Proposal and Projections
Business proposal and first 3 months sales projections to be presented in need basis