{"id":6439,"date":"2018-06-15T10:28:18","date_gmt":"2018-06-15T04:58:18","guid":{"rendered":"https:\/\/www.antworksmoney.com\/blog\/?page_id=6439"},"modified":"2019-09-25T11:40:16","modified_gmt":"2019-09-25T06:10:16","slug":"andhra-bank-mudra-loan","status":"publish","type":"post","link":"https:\/\/www.antworksmoney.com\/blog\/andhra-bank-mudra-loan\/","title":{"rendered":"Andhra Bank Mudra Loan"},"content":{"rendered":"<h2>Why choose Andhra Bank Mudra Loan?<\/h2>\n<ul>\n<li><strong>Affordable Interest rates<\/strong>Competitive interest rates is one of the most attractive features of\u00a0<strong>Andhra Bank Mudra Loan<\/strong>.<\/li>\n<li><strong>Simple, transparent processing:<\/strong>As a borrower, one need not worry about putting up a collateral at all. Further, the friendly customer care service providers make sure that customers are taken care of throughout the process by handholding them through all the steps.<\/li>\n<\/ul>\n<h2>Features of Andhra Bank Mudra loans<\/h2>\n<ul>\n<li>Following are the key features of Andhra Bank Mudra loan:<\/li>\n<li>The loan does not require collateral security or guarantee.<\/li>\n<li>Up to Rs. 10 lacs can be availed with this loan<\/li>\n<li>This loan is available to Non-Farm Sector on or after 4th April 2015.<\/li>\n<li>The loan can be availed for trading, service and manufacturing activities.<\/li>\n<li>Loan under Mudra are divided into three categories:<\/li>\n<li>Tarun: which is for loans between Rs.5.00 lakhs and Rs.10.00 lakhs<\/li>\n<li>Kishore: which is for loans between Rs.50,000\/- and Rs.5.00 lakhs<\/li>\n<li>Shishu: which is for loans up to Rs.50,000\/-.<\/li>\n<li>Kishore and Tarun will get 50% concession on applicable Processing\/Upfront fee. Shishu does not require any Processing fee \/ upfront fee.<\/li>\n<\/ul>\n<h2>Interest Rate for Andhra Bank Mudra loans<\/h2>\n<ul>\n<li>The rate of interest for Shishu: Base Rate\u00a0<strong>9.75% p.a.<\/strong>\u00a0at present<\/li>\n<li>In the case of Kishore and Tarun: Applicable as per extant guidelines Base Rate + 1.75% p.a. at present 9.75 + 1.75 =\u00a0<strong>11.50% p.a.<\/strong><\/li>\n<\/ul>\n<h2>Andhra Bank Mudra loans FAQs<\/h2>\n<ol>\n<li><strong>What is the maximum amount that can be availed as loan with the Andhra Bank Mudra loan?<\/strong>Up to Rs. 10 lacs can be availed with this loan. Loan under Mudra are divided into three categories:<strong>Tarun:<\/strong>\u00a0which is for loans between Rs.5.00 lakhs and Rs.10.00 lakhs\n<p><strong>Kishore:<\/strong>\u00a0which is for loans between Rs.50,000\/- and Rs.5.00 lakhs<\/p>\n<p><strong>Shishu:<\/strong>\u00a0which is for loans up to Rs.50,000\/-.<\/li>\n<li><strong>What is the interest rate applicable?<\/strong>\n<ul>\n<li>The rate of interest for Shishu: Base Rate 9.75% p.a. at present<\/li>\n<li>In the case of Kishore and Tarun: Applicable as per extant guidelinesBase Rate + 1.75% p.a. at present\n<p>9.75 + 1.75 = 11.50% p.a.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Does the loan require any guarantee?<\/strong>The loan does not require collateral security or guarantee.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Why choose Andhra Bank Mudra Loan? Affordable Interest ratesCompetitive interest rates is one of the most attractive features of\u00a0Andhra Bank Mudra Loan. Simple, transparent processing:As a borrower, one need not worry about putting up a collateral at all. Further, the friendly customer care service providers make sure that customers are taken care of throughout the &hellip; <a href=\"https:\/\/www.antworksmoney.com\/blog\/andhra-bank-mudra-loan\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Andhra Bank Mudra Loan&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-6439","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Antworks Money &#8211;  The Blog on Personal Finance | Guide to Loans, Credit Cards, Insurance and Investments<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.antworksmoney.com\/blog\/andhra-bank-mudra-loan\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:description\" content=\"Why choose Andhra Bank Mudra Loan? Affordable Interest ratesCompetitive interest rates is one of the most attractive features of\u00a0Andhra Bank Mudra Loan. Simple, transparent processing:As a borrower, one need not worry about putting up a collateral at all. 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