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Interest Rates

Mudra Loan Interest Rates For Different Banks

Here is detailed information about Interest rates for Mudra Loan in various banks. The interest rate differs as per bank policies and years of tenures. Another reason for different interest rates for Mudra loan in various banks is that subsidy for Mudra loan varies from bank to bank.

Check details of Mudra Loan interest rates for major Indian banks below.

HDFC Bank Mudra Loan Interest Rate

  • Name of Bank – HDFC Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.75%
  • Maximum Interest Rate For Mudra Loan – 20%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

HDBFS Bank Mudra Loan Interest Rate

  • Name of Bank – HDBFS Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 15.95%
  • Maximum Interest Rate For Mudra Loan – 18.95%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Tata Capital Mudra Loan Interest Rate

  • Name of Bank – Tata Capital
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.49%
  • Maximum Interest Rate For Mudra Loan – 19.50%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Kotak Mahindra Bank Mudra Loan Interest Rate

  • Name of Bank – Kotak Mahindra Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 11.5%
  • Maximum Interest Rate For Mudra Loan – 18%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Capital First Mudra Loan Interest Rate

  • Name of Bank – Capital First
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13%
  • Maximum Interest Rate For Mudra Loan – 20%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Citibank Mudra Loan Interest Rate

  • Name of Bank – Citibank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.75%
  • Maximum Interest Rate For Mudra Loan – 15.75%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Indusind Bank Ltd Mudra Loan Interest Rate

  • Name of Bank – Indusind Bank Ltd
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.99%
  • Maximum Interest Rate For Mudra Loan – 18.25%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Fullerton Mudra Loan Interest Rate

  • Name of Bank – Fullerton
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 19.50%
  • Maximum Interest Rate For Mudra Loan – 37%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 4 Years

Standard Chartered Bank Mudra Loan Interest Rate

  • Name of Bank – Standard Chartered Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.5%
  • Maximum Interest Rate For Mudra Loan – 17%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

ICICI Bank Mudra Loan Interest Rate

  • Name of Bank – Kotak Mahindra Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 11.49%
  • Maximum Interest Rate For Mudra Loan – 17.50%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Aditya Birla Finance Ltd Mudra Loan Interest Rate

  • Name of Bank – Aditya Birla Finance Ltd
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14%
  • Maximum Interest Rate For Mudra Loan – 14%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Allahabad Bank Mudra Loan Interest Rate

  • Name of Bank – Allahabad Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.7%
  • Maximum Interest Rate For Mudra Loan – 13.7%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Bank of Baroda Mudra Loan Interest Rate

  • Name of Bank – Bank of Baroda
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.15%
  • Maximum Interest Rate For Mudra Loan – 14.15%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Bank of Maharashtra Mudra Loan Interest Rate

  • Name of Bank – Bank of Maharashtra
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 15.20%
  • Maximum Interest Rate For Mudra Loan – 15.20%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Bank of India Mudra Loan Interest Rate

  • Name of Bank – Bank of India
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.7%
  • Maximum Interest Rate For Mudra Loan – 14.7%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Canara Bank Mudra Loan Interest Rate

  • Name of Bank – Canara Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.65%
  • Maximum Interest Rate For Mudra Loan – 13.65%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Central Bank Mudra Loan Interest Rate

  • Name of Bank – Central Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.7%
  • Maximum Interest Rate For Mudra Loan – 12.7%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Dena Bank Mudra Loan Interest Rate

  • Name of Bank – Dena Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13%
  • Maximum Interest Rate For Mudra Loan – 14%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

IDBI Bank Mudra Loan Interest Rate

  • Name of Bank – IDBI Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.75%
  • Maximum Interest Rate For Mudra Loan – 13.75%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Indian Bank Mudra Loan Interest Rate

  • Name of Bank – Indian Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.65%
  • Maximum Interest Rate For Mudra Loan – 13.65%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Indian Overseas Bank Mudra Loan Interest Rate

  • Name of Bank – Indian Overseas Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.7%
  • Maximum Interest Rate For Mudra Loan – 14.7%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Karur Vyasya Bank Mudra Loan Interest Rate

  • Name of Bank – Karur Vyasya Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.9%
  • Maximum Interest Rate For Mudra Loan – 16.4%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

Oriental Bank of Commerce Mudra Loan Interest Rate

  • Name of Bank – Oriental Bank of Commerce
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 11.2%
  • Maximum Interest Rate For Mudra Loan – 12.95%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

South Indian Bank Mudra Loan Interest Rate

  • Name of Bank – South Indian Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.8%
  • Maximum Interest Rate For Mudra Loan – 14.8%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 4 Years

State Bank of Bikaner and Jaipur Mudra Loan Interest Rate

  • Name of Bank – State Bank of Bikaner and Jaipur
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.2%
  • Maximum Interest Rate For Mudra Loan – 14.2%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

State Bank of Hyderabad Mudra Loan Interest Rate

  • Name of Bank – State Bank of Hyderabad
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 15.25%
  • Maximum Interest Rate For Mudra Loan – 15.75%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

State Bank of India Mudra Loan Interest Rate

  • Name of Bank – State Bank of India
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 17.8%
  • Maximum Interest Rate For Mudra Loan – 17.8%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 4 Years

State Bank of Mysore Mudra Loan Interest Rate

  • Name of Bank – State Bank of Mysore
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 16.9%
  • Maximum Interest Rate For Mudra Loan – 16.9%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 3 Years

State Bank of Patiala Mudra Loan Interest Rate

  • Name of Bank – State Bank of Patiala
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 12.65%
  • Maximum Interest Rate For Mudra Loan – 14.65%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

State Bank of Travancore Mudra Loan Interest Rate

  • Name of Bank – State Bank of Travancore
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.2%
  • Maximum Interest Rate For Mudra Loan – 13.45%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Tamilnad Mercantile Bank Mudra Loan Interest Rate

  • Name of Bank – Tamilnad Mercantile Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.4%
  • Maximum Interest Rate For Mudra Loan – 16.4%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

UCO Bank Mudra Loan Interest Rate

  • Name of Bank – UCO Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.1%
  • Maximum Interest Rate For Mudra Loan – 15.1%
  • Minimum Loan Tenure – 4 year
  • Maximum Loan Tenure – 5 Years

Union Bank of India Mudra Loan Interest Rate

  • Name of Bank – Union Bank of India
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 14.4%
  • Maximum Interest Rate For Mudra Loan – 14.4%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

Vijaya Bank Mudra Loan Interest Rate

  • Name of Bank – Vijaya Bank
  • Loan Type – Business Loan
  • Minimum Interest Rate for Mudra Loan – 13.7%
  • Maximum Interest Rate For Mudra Loan – 13.7%
  • Minimum Loan Tenure – 1 year
  • Maximum Loan Tenure – 5 Years

If you are interested in getting loan through Mudra Bank scheme, You need to check the rate of interest as mentioned above. You can then apply using the online application form downloading it through the website of the bank.

For more details about Mudra Bank Loan scheme, go to Mudra Loan page.