Mudra Loan Apply Online
The Mudra loan is provided by lenders to help non-corporate and non-farm sector income generating micro enterprises that need credit below Rs. 10 lakhs. The factors that affect the interest rate of MUDRA loan are the income of borrower, nature of business, repayment tenure, creditworthiness and required loan amount. The affordable interest rate of MUDRA loan is @7.30% onwards per annum with the repayment period up to 60 months. It is divided into three categories: - Shishu Loans up to Rs.50,000 Kishor Loans up to Rs.5,00,000 Tarun Loans up to Rs.10,00,000 Interest rates & Processing fees of various banks Bank name Interest rates Processing fee Bank of India 8% 1% Canara Bank 10% 1% Central Bank of India 8% 1% Bank of Baroda 8% 1% Bank of Maharashtra 10% 1% Indian Bank ...
