Mudra bank Loan yojana{PMMY} details

Mudra Loan Interest rates

What is PMMY?download

Pradhan Mantri Mudra Yojana is a special scheme set up by the Government of India through an institution named Micro Units Development & Refinance Agency Limited (MUDRA) in order to provide financing aid through loans to the non-corporate non-farm sector income generating activities of micro and small entities (subject to those enterprises with credit needs below INR 10 lakhs).

Mudra Loan Interest rates:images

Sl NoBank/NBFC/MFIInterest rate (Fixed)Tenure
1HDFC12.75% to 20%1-5 years
2HDBFS15.95% to 18.95%1-3 years
3Tata Capital13.49% to 19.50%1-5 years
4Kotak Mahindra Bank11.5% to 18%1-5 years
5Capital First13% to 20%1-5 years
6Citibank12.75% to 15.75%1-5 years
7IndusInd Bank Ltd12.99% to 18.25%1-5 years
8Fullerton19.50% to 37%1-4 years
9Standard Chartered Bank12.50% to 17%1-5 years
10ICICI Bank11.49% to 17.50%1-5 years

Mudra Loan Interest rates :

Sl NoBank/NBFC/MFIInterest rate (Floating)Tenure
1Aditya Birla Finance Ltd14%1-3 years
2Allahabad Bank13.70%1-5 years
3Bank of Baroda14.15%1-3 years
4Bank of Maharashtra15.20%1-3 years
5Bank of India12.7% to 14.7%1-3 years
6Canara Bank13.65%1-3 years
7Central Bank12.70%1-3 years
8Dena Bank13 % to 14%1-3 years
9IDBI Bank12.75% to 13.75%1-5 years
10Indian Bank12.65% to 13.65%3 years
11Indian Overseas Bank14.70%1-5 years
12Karur Vysya Bank13.9% to 16.40%1-3 years
13Oriental Bank of Commerce11.2% to 12.95%1-5 years
14South Indian Bank14.80%1-4 years
15State Bank of Bikaner and Jaipur13.2% to 14.2%1-5 years
16State Bank of Hyderabad15.25% to 15.75%1-3 years
17State Bank of India17.80%1-4 years
18State Bank of Mysore16.90%1-3 years
19State Bank of Patiala12.65% to 14.65%1-5 years
20State Bank of Travancore13.2% to 13.45%1-5 years
21Tamilnad Mercantile Bank14.4% to 16.4%1-5 years
22UCO Bank14.1% to 15.1%4-5 years
23Union Bank of India14.4%1-5 years
24Vijaya Bank13.7%

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