Mudra Loan Interest Rate 2021 - All Banks Interest RatesMudra Loan Interest Rates - Compare Interest Rate of All Banks 2021Mudra Loan Interest Rates - Compare Interest Rate of All Banks 2021Mudra Loan Interest Rates - Compare Interest Rate of All Banks 202102/07/2019 · Interest rates on MUDRA loans start at the rate of and the loan repayment tenure ranges between 1 year and 7 ;· The Mudra Loan Interest Rates vary from bank to bank and depends on the applicant’s profile and business requirements. To check the exact interest rate the applicant shall need to contact the respective bank or may check from the banks’ official website. Few mentioned banks have been merged in the above ;· Current Mudra Loan Interest Rate. Pradhan mantri mudra yojana interest rate is 1% per month or 12% per year for the loans under the Shishu loan category. For Tarun and Kishore categories, the banks have the discretion to decide the mudra loan interest rate. Banks can decide Mudra loan interest rates based on the credit history of the applicant. Mudra Loan Lowest Interest RateWhat is the lowest interest rate on a Mudra loan? Interest rates start at as low as 1% per month. However, it may depend on various factors like your loan amount, tenure, eligibility, ;· Mudra Loan Interest Rate The Government of India has introduced the Mudra loan intending to promote affordable business and entrepreneurship loans. The full-form of Mudra is Micro Units Development and Refinance Agency Loans which are provided to small enterprises and non-farm agencies, trading, and the interest rate – In the second tab of the Mudra loan EMI calculator, you need to input the interest rate you can afford. Mudra loan interest rates begin at Mudra loan interest rates begin at ;· Mudra Loan Banks: Interest Rate: 1: State Bank of India (SBI) 12-24% PA: 2: State Bank of Mysore (SBM) 12-24% PA: 3: State Bank of Hyderabad (SBH) 12-24% PA: 4: State Bank of Travancore (SBT) 12-24% PA: 5: State Bank of Bikaner & Jaipur (SBBJ) 12-24% PA: 6: State Bank of Patiala (SBP) 12-24% PA: 7: Vijaya Bank: 12-24% PA: 8: United Bank of India: to 9: Union Bank of IndiaThe lowest interest rate is capped at 1 year MCLR or the Base Rate (whichever rate the bank applies). The maximum cap is above the refinance rate. In case of the NBFCs, the rate of interest is capped at 6% above the Mudra Finance Rate. These measures taken have a positive effect on the pricing of all Mudra Loans provided.

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