Interest Rate

Bank of Baroda, Mudra Loan

Bank of Baroda’s PRADHAN MANTRI MUDRA YOJANA (PMMY), a flagship scheme of government of India, changed into released on 8th April, 2015 by using the Hon’ble prime Minister to “fund the unfunded” by bringing such organizations to the formal financial device and increasing inexpensive credit score to them.

Credit facilities
Any form of Fund based or Non Fund based totally facility.
No minimum amount under mudra bank loan scheme. Maximum amount is – Rs.10.

00 lacs. Under Mudra Bank.

Categorization of MUDRA Loans
SHISHU : Loans sanctioned below the scheme up to Rs.50000

KISHORE : Loans sanctioned under the scheme from Rs.50001 to Rs.5.00 lacs

TARUN : Loans sanctioned beneath the scheme from Rs.5,00,001 to Rs.10.00 lacs

 

Security Deposit Under Mudra Bank Scheme.
property created out of the bank’s finance.
No collateral security.

Eligibility require with the aid of bank of Baroda

All “Non farm businesses”
underneath “Micro enterprises” and “Small establishments” segment
engaged in “profits producing activities”
engaged in “production, trading and offerings“ and
whose “credit score wishes are up to Rs.10.00 lacs”
Now allied agriculture activities have also been protected underneath PMMY scheme w.e.f. 01.04.2016.

hobby price of financial institution of Baroda for Mudra mortgage.

Limits                                                     Micro enterprises                  Small organisations
as much as Rs.50000/-                      MCLR+SP                               (MCLR+SP)+0.50%
Above Rs.50000/- to Rs.2.00 lacs   (MCLR+SP)+0.50%              (MCLR+SP)+zero.70%
Above Rs.2.00 lacs to Rs.10.00 lacs (MCLR+SP)+0.70%              (MCLR+SP)+zero.eighty five%

Processing charges : Nil

Tags:- Bank of Baroda, Bank of Baroda Mudra Loan, Bank of Baroda Mudra Loan Interest, Bank Of Baroda Mudra Loan Scheme, Bank of Baroda PMMY Mudra Loan. 

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1 comment - What do you think?  Posted by JIAN - January 24, 2018 at 9:00 am

Categories: Bank, Bank Of Baroda, Bank of Baroda, Interest Rate, Mudra Bank, MUDRA Loan   Tags: , , , ,

Punjab National Bank Mudra Loan Scheme

Punjab National Bank Mudra Loan Scheme 

‘Pradhan Mantri Mudra Yojana’ (PMMY) become released to ‘fund the wished’ via bringing such organizations to the formal economic device, and lengthening less expensive credit score to them.

underneath PMMY MUDRA Scheme, Punjab National Bank affords economic assistance upto Rs.10 lakh to non-farm enterprises for manufacturing, buying and selling and services activities, for earnings era purpose.

Sports allied to Agriculture” e.g.

pisciculture, beekeeping, hen, livestock rearing, grading, sorting, aggregation agro industries, diary, fishery, Agriclinics and Agribusiness centers, food & Agro-Processing, and so forth. (except for crop loans, land improvement along with canals, irrigation, wells ) and offerings helping those, which promote livelihood, will be eligible for coverage beneath PMMY w.e.f. 2016-17.

However, funding under the “activities allied to Agriculture” class is performed as in line with the financial institution’s current Allied agriculture schemes and the terms and conditions, Margin, Collateral, reimbursement, rate of interest will be as according to the hints of RBI / financial institution.

Any individual / proprietary situation / partnership company / organization / affiliation of people (AOP) / restrained legal responsibility partnership (LLP) / and so on., not a defaulter to any financial institution / monetary group is eligible for Mudra mortgage .

Following are the 3 variants of the MUDRA loans :
1. Shishu (upto Rs. 50,000)
2. Kishore (above Rs. 50,000 to Rs. five lakh)
3. Tarun (above Rs. 5 lakh to Rs. 10 lakh)

PNB Mudra Bank Loan Interest : The fee of hobby applicable to the MSME devices is in the variety of MCLR to MCLR +2.25% (challenge to change, as in step with govt /RBI pointers, issued every now and then)

list OF basic documents Require PNB MUDRA bank mortgage
SHISHU
1. evidence of identification i.e. Self certified reproduction of Voter’s identity card / riding License / PAN Card
/ Aadhaar Card / Passport / photograph Ids, issued by means of govt. authority and so on.
2. evidence of residence i.e. recent smartphone invoice / energy invoice / belongings tax receipt /
Voter’s id card / Aadhaar Card / Passport of man or woman / proprietor / partners,
certificate issued with the aid of govt. Authority/neighborhood Panchayat / Municipality etc.
3. Applicant’s current image (2 copies) no longer older than 6 months.
4. evidence of SC/ST/OBC/Minority, if relevant.
five. evidence of identity / cope with of the commercial enterprise organization , if available.
6. statement of Account from the present Banker, for the remaining six months, if any.
7. citation of machinery / other gadgets, to be bought.

KISHORE / TARUN
1. proof of identity i.e. Self licensed replica of Voter’s id card / using License / PAN
Card / Aadhaar Card / Passport / photograph Ids issued via govt. authority and many others.
2. proof of house i.e. latest smartphone invoice / electricity invoice / property tax receipt /
Voter’s identity card / Aadhaar Card / Passport of man or woman / proprietor / partners,
certificate issued by using executive. Authority/neighborhood Panchayat / Municipality etc.
3. proof of SC/ST/OBC/Minority, if applicable.
4. proof of identification / cope with of the enterprise employer – Copies of applicable Licenses /
Registration certificate / hire or lease agreement/ different files bearing on
the possession, identity of deal with of commercial enterprise unit / Udyog Aadhaar Memorandum.
five. assertion of Account from the existing Banker, for the closing six months.
6. remaining years unaudited stability sheets of the present devices, along with profits tax
/sales tax returns and so forth. (applicable for loans of Rs. 2 lakh and above).
7. Projected stability sheets of begin-ups / current units for 365 days, in case of operating
capital limits and for the period of the mortgage in case of term mortgage (applicable for loans
of Rs. 2 lakh and above).
8. sales done throughout the cutting-edge economic yr, up to the date of submission of
application (in case of present devices).
9. Proforma Invoices / Quotations for the assets to be bought and estimates for the
civil works, if any to be undertaken. issue of technical feasibility and financial
viability may be discussed with borrower, if felt vital.
10. Asset & legal responsibility statement of the borrower such as, directors & companions.
11. Memorandum and Articles of association of the organization/Partnership Deed of
partners and so on., wherever applicable.
12. images ( copies) of applicant / proprietor / companions / directors no longer older than 6
months.

Source:- PNB

Click here to download PNB Mudra Loan Application.

Tags:- PNB Mudra Loan, PNB Mudra Bank Scheme, PNB Mudra Loan application Form, PNB Mudra, PNB PMMY Mudra, PNB PMMY, PNB Mudra Application, PNB Online Mudra Loan, PNB Online Mudra Scheme, PNB Mudra Yojana, Punjab National Bank Mudra, Punjab National Bank Mudra Scheme, Punjab National Bank Mudra Compliant.

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Be the first to comment - What do you think?  Posted by JIAN - January 23, 2018 at 7:23 pm

Categories: Bank, Interest Rate, MUDRA, MUDRA Application Form, Mudra Bank, MUDRA Loan, Punjab National Bank   Tags: , , , , , , , , , , , ,

MUDRA Interest Rate

Modi Government has launched the MUDRA Scheme for weaker sections & small entrepreneurs but after the launch there is not clarity on Interest Rate.

Now we are providing interest Rate details according to MUDRA Scheme.

MUDRA SHISHU Yojana
Under Mudra Shishu Yojana banks are providing loan upto 50,000/-. It is basic scheme and banks are charging 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 upto 5,00, 000/- rupee. It is middle scheme & comes in category of unsecured loan & its Interest rate rate is high from14% to 17% depends on bank to bank. We suggest you to differentiate interest rate between Nationalize bank and Private bank before apply MUDRA Loan.

MUDRA TARUN Yojana
Mudra Tarun Yojana is the last scheme of government of India. Under MUDRA Tarun Scheme applicant can apply 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 apply loan.

As per our experience banks are not taking interest to approve MUDRA loan because of in-secure loan. Bank has right to dis-approve your loan request but they will process your loan application before deny.

If you are still facing any issue or bank employees are harassing you or demanding bribe. Please contact with CVO of concern Bank or local authority or mail us at info (at) mudrabank.com.

Tags:- MUDRA Interest Rate, Interest Rate MUDRA, MUDRA Bank Interest, Interest Rate under MUDRA Scheme, MUDRA Scheme Interest Rate, SHISHU Interest Rate, KISHOR Interest Rate, MUDRA Loan Interest Rate, Tarun Interest Rate.

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221 comments - What do you think?  Posted by JIAN - October 8, 2015 at 3:14 pm

Categories: Bank, Interest Rate, MUDRA, Mudra Bank, MUDRA Loan   Tags: , , , , , , , ,