IOB offers hassle-free mudra loans under Pradhan Mantri Mudra Yojna (PMMY) scheme for businesses to tide over their financial emergencies.

Key Features of IDBI Mudra Loan


IDBI Mudra Loan Features


  • Enterprises involved in the production of goods across sectors
  • Enterprises involved in the services sector

Application forms

  • Credit facilities above Rs. 200 lakhs - SME 8
  • Credit facilities between Rs. 50 lakhs - Rs. 200 lakhs - SME 7
  • Credit facilities up to Rs.10 lakhs - SME 5
  • Credit facilities between Rs.10 lakhs - Rs. 50 lakhs -  SME 6

Loan approval 

Under CGTMSE scheme

Guarantee fee

  • 1% of the loan as a one-time guarantee fee for loans up to Rs.5 lakhs
  • 1.5% guarantee fee for loans above Rs. 5 lakhs

Annual Service Charge

  • For loans up to Rs.5 lakhs - 0.50% 
  • For loans above Rs.5 lakhs -  0.75%


No collateral is required for loans availed up to Rs. 10 lakhs