What about the In­ter­est Rate?

Consumer Voice - - Bfsi Guide -

There is no fixed in­ter­est rate for MUDRA loans. Banks are charg­ing at base rate + 1% to 7% min­i­mum. The in­ter­est rate can be higher ac­cord­ing to risk and cus­tomer pro­file, and it can be dif­fer­ent in each bank. So, it is ad­vis­able to check the near­est bank branches once, be­fore ap­ply­ing for a MUDRA loan.

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