Andhra Bank offers Mudra loans to the Micro, Small and Medium Enterprises (MSMEs) which are engaged in service, trade, or manufacturing sectors. The Andhra Bank Mudra Loan scheme was specifically designed to offer financial aid to small businesses. This loan amount can be used for business-related activities, such as meeting capital requirements, modernization and so on.
|Andhra Bank Mudra Loan – 2020|
|Maximum Loan Amount||Rs. 10.00 Lakh|
|Interest Rate||8.20% onwards|
|Tenure||3 years to a max. of 5 Years|
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges