Mudra Loan Interest Rates in India - 01 Jan 2021

Lenders charge very nominal interest rate on Mudra Loan. Interest rate is prescribed by the lender/ bank from time to time, which is usually linked to MCLR. The lender can decide the interest rate for the loan. Mudra or the RBI or the Government of India does not have any control the interest rate decided by the lender.

Bank Name	Interest Rates
Ahmedabad Mercantile Cooperative Bank	11.50% to 13%
Allahabad Bank	MCLR to MCLR+2.00% i.e. 8.25% to 10.25% (depending on activity of finance). 0.50% relaxation in rate of interest will be allowed to Women Beneficiary, subject to minimum of MCLR.
Andhra Bank	Shishu Category Interest Rate: MCLR i.e. 8.40% Kishore & Tarun Categories Interest Rate: MCLR + 1.80% p.a. + TP* i.e. 10.45% to 10.70% * TP of 0.25 % is applicable for TLs with repayment period (including gestation period) above 36 months and up to 60 months and 0.50% for TLs with repayment period (including gestation period) of above 60 months.
Andhra Pradesh Grameena Vikas Bank	N/A
Axis Bank	12% to 24%
Bank Of Baroda	Up to Rs.50000/- Micro Enterprises: MCLR+SP Small Enterprises: (MCLR+SP)+0.50% Above Rs.50000/- to Rs.2.00 lakhs Micro Enterprises: (MCLR+SP)+0.50% Small Enterprises: (MCLR+SP)+0.70% Above Rs.2.00 lakhs to Rs.10.00 lakhs Micro Enterprises:(MCLR+SP)+0.70% Small Enterprises:(MCLR+SP)+0.85% One-year MCLR is 8.30%
Bank Of India	9.30% to 10.30%
Bank Of Maharashtra	MSE Loans up to Rs.10.00 lakh : @MCLR+1.75%+BSS i.e. 10.65% Agricultural allied activity, food processing etc. up to Rs.10.00 lakh : @MCLR+2.00%+BSS (at Simple Interest) i.e. 10.90% (BSS is Business Strategy Spread which is at present: 0.25%)
Baroda Gujarat Gramin Bank	SHISHU Loans ( up to Rs.50,000/-): 2.90% below BPLR i.e. 11.00% KISHORE Loans ( from Rs. 50,001/- to Rs.2,00,000/-): 2.90% below BPLR i.e. 11.00% KISHORE Loans ( from Rs. 2,00,001/- to Rs.5,00,000/-): 1.90% below BPLR i.e. 12.00 % TARUN Loans ( from Rs. 5,00,001/- to Rs.10,00,000/-): 1.90% below BPLR i.e. 12.00 %
Baroda Rajasthan Kshetriya Gramin Bank	11% to 11.50%
Baroda Up Gramin Bank	(i) Up to Rs. 3.00 Lakhs: 9.50% (ii)Above Rs. 3.00 Lakhs upto Rs. 10.00 Lakhs: 10.50%
Bassein Catholic Cooperative Bank Limited	N/A
Bihar Gramin Bank	BIG SHISHU: 11.20% BIG KISHOR: 11.20% BIG TARUN: 11.20%
Canara Bank	13.65%
Catholic Syrian Bank Limited	N/A
Central Bank Of India	12.70%
Chaitanya Godavari Grameena Bank	N/A
Citizen Credit Cooperative Bank Limited	10.50% to 11.75%
City Union Bank Limited	Shishu - 12.00% Kishore - 12.25% Tarun - 12.50%
Corporation Bank	N/A
Dcb Bank Limited	N/A
Dena Bank	13 % to 14%
Dena Gujarat Gramin Bank	12% to 14%
Dombivli Nagari Sahakari Bank Limited	CASH CREDIT (Upto Rs. 1 lakh): Women: 9.70% and Others: 9.95% TERM LOAN (Above Rs. 1.00 Lakh to Rs. 10.00 Lakhs): Women: 9.70% and Others: 9.95%
Federal Bank	N/A
Hdfc Bank	12.75% to 20%
Icici Bank Limited	12% to 20%
Idbi Bank	12.75% to 13.75%
Idfc Bank Limited	N/A
Indian Bank	12.65% to 13.65%
Indian Overseas Bank	9.45% to 14.70%
Indusind Bank	12.99% to 18.25%
Jalgaon Janata Sahakari Bank Limited	N/A
Jammu And Kashmir Bank Limited	N/A
Kalupur Commercial Cooperative Bank	10.50% to 14.50%
Karnataka Bank Limited	N/A
Karnataka Vikas Grameena Bank	11.50% to 14.75%
Karur Vysya Bank	13.9% to 16.40%
Kaveri Grameena Bank	N/A
Kerala Gramin Bank	10.50% to 11.50%
Kotak Mahindra Bank Limited	11.5% to 18%
Madhya Bihar Gramin Bank	Up to Rs 50000/-: BPLR -4.40% = 9.60% Rs 50001/- to 200000/-: BPLR -3.80% = 10.20% Rs 200001/- to 10.00 Lakh: BPLR - 2.00% = 12.00%
Maharashtra Gramin Bank	N/A
Malwa Gramin Bank	N/A
Meghalaya Rural Bank	N/A
Narmada Jhabua Gramin Bank	11.25% to 12.75%
Nutan Sahakari Bank Ltd	11% to 13.50%
Oriental Bank Of Commerce	11.20% to 12.95%
Pallavan Grama Bank	12.65% to 13.65%
Pandyan Grama Bank	9.45% to 14.70%
Pragathi Krishna Gramin Bank	MLR-0.25% i.e. 12.00%
Prathama Bank	(i) Upto Rs 50,000/-(MUDRA SHISHU): 11% (ii) Above Rs 50,000/- to Rs.10.00 lakhs (MUDRA Kishor & Tarun): 11.75%
Puduvai Bharathiar Grama Bank	N/A
Punjab And Sind Bank	MCLR + 1.75 % to MCLR + 2.25 % i.e. 10.15% to 10.65%
Punjab Gramin Bank	N/A
Punjab National Bank	MCLR to MCLR +2.25% i.e. 8.30% to 10.55% (subject to change, as per Govt /RBI guidelines, issued from time to time)
Rajasthan Marudhara Gramin Bank	12% to 14.50%
Rajkot Nagrik Sahakari Bank Limited	N/A
Rbl Bank Limited	12% to 22%
Sarva Haryana Gramin Bank	11% to 16.50%
Sarva Up Gramin Bank	N/A
Saurashtra Gramin Bank	12.75% to 14.50%
South Indian Bank	14.80%
State Bank Of India	12.50% to 17.80%
Sutlej Kshetriya Gramin Bank	10.50% to 16%
Syndicate Bank	Up to Rs. 1.00 lakhs (Working Capital & Term Loans): One year MCLR i.e. 8.45% Above Rs. 1.00 lakh to Rs. 10.00 lakhs: Up to and inclusive of One year: MCLR+1.00% i.e. 9.45% Above One year: MCLR+1.25% i.e. 9.70%
Tamilnad Mercantile Bank Limited	14.4% to 16.4%
Telangana Grameena Bank	10.22% to 15%
The Andhra Pradesh State Cooperative Bank Limited	11% to 15%
The Gujarat State Cooperative Bank Limited	11.50% to 12.00%
The Mehsana Urban Cooperative Bank	11.50% to 13.00%
The Nainital Bank Limited	12% to 24%
The Surath Peoples Cooperative Bank Limited	10.25% to 14%
The Tamil Nadu State Apex Cooperative Bank	N/A
Tjsb Sahakari Bank Ltd	10.22%
Tripura Gramin Bank	10.50% to 14.50%
Uco Bank	14.10% to 15.10%
Union Bank Of India	The rate of interest applicable to the units is in the range of MCLR + 0.40% to MCLR + 1.65% i.e. 8.60% to 9.85%
United Bank Of India	N/A
Uttar Bihar Gramin Bank	Up to Rs 50000/-: 11.50% Rs 50001/- to 500000/-: 12.00% Rs 500001/- to 10.00 Lakh: 12.00%
Vijaya Bank	V- Mudra Card: MCLR+1.30%=9.80% V- Mudra Weavers' Card: Upto and inclusive of Rs.50,000/-: MCLR+1.50%=10.00% Above Rs.50000 and upto & inclusive of Rs.2.00 Lakhs: MCLR+2.00%=10.50% Above Rs.2.00 Lakhs and upto & inclusive of Rs.5.00 Lakhs: MCLR+2.75%=11.25%
Yes Bank	N/A