Mudra bank interest rate is changing daily according to RBI policy and now mudra bank interest rate is really competitive and less. Here we will update you daily mudra bank interest rate.
There is no fix interest rate in Mudra bank loan scheme and it is very bank to bank. The profile of customer & risk are also an critaria to fix interest rate. Mudra is a collateral free loan which is make it more critical because it may increase the NPA of banks.
Banks are charging different interest rates on MUDRA Bank loan. We are planning to provide you interest rates details of all banks. As you aware that the MUDRA is a collateral free loan and because of collateral free banks are not showing too much interest in MUDRA Loans. We suggest you check bank’ss interest rate before submitting papers because all banks have different policy, terms & charges.
Please do not pay money for MUDRA Loan & if banks are demanding something, delaying your application or harassing. Please write us on info @ mudrabank.com
Bank of Baroda Interest rate..
Mudra bank interest Rate of Interest:
|Limits||Micro Enterprises||Small Enterprises|
|Up to Rs.50000/-||Base Rate||Base Rate+0.50%|
|Above Rs.50000/- to Rs.2.00 lacs||Base Rate+0.50%||Base Rate+1.00%|
|Above Rs.2.00 lacs to Rs.10.00 lacs||Base Rate+1.00%||Base Rate+1.25%|
Processing Charges: Nil
- Assets created out of the Bank’s finance.
- No collateral security.
MUDRA SHISHU Yojana
Under Mudra Shishu Yojana banks are providing loan up to 50,000/-. It is a basic scheme and banks are charging a very nominal interest rate which is around 10% to 12%. We also found that the Nationalize banks are charging less interest rate than private banks etc.
MUDRA KISHOR Yojana
Under Mudra Kishor Yojana bank are providing loan up to 5,00, 000/- rupee. It is middle scheme & comes in the category of unsecured loan & its Interest rate is high from14% to 17% depends on bank to bank. We suggest you differentiate interest rate between Nationalize bank and Private bank before apply for MUDRA Loan.
MUDRA TARUN Yojana
Mudra Tarun Yojana is the last scheme of government of India. Under MUDRA Tarun Scheme applicant can apply for a loan between 5,00,001 to 10,00,000/-. It is also an unsecured Loan and its rate of interest rate is high and starts from 16% and very bank to bank. In every case the interest rate between Nationalise bank and Private banks are different. Please check interest rate before the apply loan.
soon we will provide you a Mudra bank interest rate calculater. Where you will get loan interest and EMI according to bank.