MFI Loan
Grow stronger with MUDHALPADI’s low-interest finance for women and farmers.
Empowering growth through affordable finance, we offer MFI loans at lower interest rates tailored for women entrepreneurs and farmers, helping build sustainable businesses with reduced financial burden.
Tenure
Upto 36 Months
Interest Rate
Min-6% | Max-18% | Avg-12%
Processing Fee
Upto 3.5%
Penal Charges
Upto 4.5%
Features and Benefits
Flexible Tenure
You can choose your loan tenure
Credit Enhancement
Customer is eligible for top-up of loan amount after 12 months EMI are repaid.
Eligibility
- Nationality: The farmer should be Indian
- Nature of Business : Farming and agriculture business
- Age: 21 years to 75 years
- Business vintage: Eligibility will be reviewed on a case to case basis
- Work status: Self-employed / Farmers / firms involved in agri activity
- Applicant should hold minimum 2 acre Agricultural land for Agri loan
- Eligible Businesses:
- Credit evaluation criteria are assessed on a case-by-case basis
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
- MSME Certificate
- Farmer's Certificate
- Proof of farming business
- Copy of Registered Partnership Deed if any
- 6 Months Bank Statement of the borrower
- Copies of all existing facility/ sanction letters
- Income Tax Returns
- Crop details,including cultivation plans and expected yields
- Copy of monthly and quarterly GST Returns
- Financial Statements
Collateral Documents
- Title Document
- Proof of agricultural land
- Pledge agreement
- Tax Certificate
- Non - encumbrance letter
- No objection Letter and other documents as per sanction
Approach Of Gradation Of Risk
- Profile and market reputation of the borrower
- Group strength, overall customer yield, future potential
- Customer Credit Profile, repayment capacity based on cash flows and other financial commitments of the borrower, mode of payment
- Type of Loan, Ticket Size of the loan, nature of facility, loan to value of asset financed
- Tenure of relationship with the borrower group, past repayment track record and historical performance of our similar clients
- Purpose of the loan applied by the underlying asset, ROA expectation
- Nature of lending i.e; secured / unsecured along with value of primary and secondary collateral / security in secured loan
- Interest, default risk in related business segment
- Regulatory stipulations, if applicable
- any other factors that may be relevant in a particular case.