Banks are charging different interest rates on MUDRA loan. We are planning to provide you interest rates details of all banks. So that you can decide that in which bank you should apply for MUDRA loan. As you aware that MUDRA is a collateral free loan and because of collateral free bank are not taking interest in MUDRA schemes.
Please do not any money for MUDRA Loan & if banks are demanding something, delaying your application or harassing.
Bank of Baroda Interest rate..
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.