Mudra Loan Interest Rate 2026 MAY – JUN 2026
ALL BANKS | Updated Interest Rates | SBI | HDFC | ICICI | Bank of Baroda | PNB | Canara Bank
EMI Calculator Women Concession 1Lakh to 10Lakh
📊 Mudra Loan Interest Rate Calculator
Use this Mudra loan interest rate calculator to calculate EMI for any loan amount instantly.
Total Interest Payable₹0
Total Payment₹0
Principal Amount₹0
Mudra Loan Interest Rate p.m.0%
💡 Mudra loan interest rate per month = Annual Rate ÷ 12. For 9.35% p.a., monthly rate is 0.78%
🏦 Mudra Loan Interest Rate – ALL BANKS (MAY – JUN 2026)
Updated interest rates for all major banks. Mudra loan interest rate for women is 0.25% lower in most banks.
| Bank Name |
General Rate (p.a.) |
Women Rate (p.a.) |
Processing Fee |
| SBI Mudra Loan Interest rate |
8.50% – 10.15% |
8.25% – 9.90% |
Nil |
| HDFC Bank |
9.10% – 11.50% |
8.85% – 11.25% |
Up to 1% |
| ICICI Bank |
9.25% – 11.75% |
9.00% – 11.50% |
Up to 1% |
| Bank of Baroda |
8.70% – 10.50% |
8.45% – 10.25% |
Nil |
| Punjab National Bank (PNB) |
8.60% – 10.30% |
8.35% – 10.05% |
Nil |
| Canara Bank |
8.60% – 10.25% |
8.35% – 10.00% |
Nil |
| Union Bank of India |
8.75% – 10.40% |
8.50% – 10.15% |
Nil |
| Bank of India |
8.80% – 10.45% |
8.55% – 10.20% |
Nil |
| Indian Bank |
8.65% – 10.35% |
8.40% – 10.10% |
Nil |
| Kotak Mahindra Bank |
9.50% – 12.00% |
9.25% – 11.75% |
Up to 1% |
| Axis Bank |
9.40% – 11.90% |
9.15% – 11.65% |
Up to 1% |
| IDBI Bank |
8.90% – 10.60% |
8.65% – 10.35% |
Nil |
| Central Bank of India |
8.55% – 10.20% |
8.30% – 9.95% |
Nil |
| UCO Bank |
8.70% – 10.30% |
8.45% – 10.05% |
Nil |
| Indian Overseas Bank |
8.80% – 10.50% |
8.55% – 10.25% |
Nil |
💰 Mudra Loan Interest Rate for Different Loan Amounts
Mudra loan interest rate for 1 lakh, 2 lakh, 5 lakh, and 10 lakh with EMI calculations at 9.35% p.a. for 3 years.
📌 Mudra Loan ₹1,00,000
Mudra loan interest rate for 1 lakh: 8.50% – 10.15%
EMI (36 months): ₹3,197
Total Interest: ₹15,092
📌 Mudra Loan ₹2,00,000
Mudra loan interest rate for 2 lakh: 8.50% – 10.15%
EMI (36 months): ₹6,394
Total Interest: ₹30,184
📌 Mudra Loan ₹5,00,000
Mudra loan interest rate for 5 lakhs: 8.60% – 10.25%
EMI (48 months): ₹12,548
Total Interest: ₹102,304
📌 Mudra Loan ₹10,00,000
Mudra loan interest rate for 10 lakhs: 9.00% – 10.50%
EMI (60 months): ₹20,985
Total Interest: ₹259,100
🏦 SBI Mudra Loan Interest Rate – Complete Details
SBI Mudra Loan Interest rate is one of the most competitive in the market. SBI offers Mudra loans under all three categories with special concessions for women entrepreneurs.
| Loan Category |
Loan Amount |
Interest Rate (p.a.) |
Women Rate |
| Shishu |
Upto ₹50,000 |
8.50% – 9.50% |
8.25% – 9.25% |
| Kishor |
₹50,001 – ₹5 Lakh |
9.00% – 10.00% |
8.75% – 9.75% |
| Tarun |
₹5 Lakh – ₹10 Lakh |
9.50% – 10.15% |
9.25% – 9.90% |
✅ SBI e Mudra loan 50000 available at just 8.50% interest rate for eligible customers.
👩🦰 Mudra Loan Interest Rate for Women
Mudra loan interest rate for women entrepreneurs is 0.25% to 0.50% lower than general rates across most banks.
SBI Women Rate: 8.25% – 9.90% (0.25% concession)
HDFC Women Rate: 8.85% – 11.25%
ICICI Women Rate: 9.00% – 11.50%
Bank of Baroda Women: 8.45% – 10.25%
PNB Women Rate: 8.35% – 10.05%
Canara Bank Women: 8.35% – 10.00%
✅ Mudra Loan Eligibility Criteria
Indian citizen (minimum 18 years of age)
Small business owner / entrepreneur
Shopkeepers, artisans, manufacturers
Service providers (transporters, electricians)
Food vendors, canteen owners
Freelancers and self-employed professionals
📄 Documents Required
Aadhaar Card Voter ID / PAN Card Passport size photo Business proof (Shop Act, GST) 6 months bank statement Address proof (Electricity bill)
🔗 Official Mudra Loan Websites & Apps
🚀 Mudra Loan Online Apply – Steps
✅ Use Mudra loan interest rate calculator above to check EMIs before applying.
❓ Frequently Asked Questions
Q1: What is the current SBI Mudra Loan Interest rate?
A: SBI Mudra Loan Interest rate is 8.50% – 10.15% per annum (May-Jun 2026). Women get 0.25% concession.
Q2: How to use Mudra loan interest rate calculator?
A: Enter loan amount, interest rate, and tenure above. The calculator shows EMI, total interest, and monthly rate instantly.
Q3: What is Mudra loan interest rate for 1 lakh?
A: For ₹1,00,000 loan, interest rate is 8.50% – 10.15% depending on bank. EMI approx ₹3,197 for 3 years.
Q4: What is Mudra Loan interest rate per month?
A: Monthly interest rate = Annual rate ÷ 12. For 9.35% p.a., monthly rate is 0.78%.
Q5: Is there a special Mudra loan interest rate for women?
A: Yes, most banks offer 0.25% to 0.50% lower rates for women entrepreneurs.
Q6: What is Mudra loan interest rate for 10 lakhs?
A: For ₹10,00,000 loan (Tarun category), rates range from 9.00% to 10.50% depending on bank.
Q7: What is Mudra loan interest rate for 5 lakhs?
A: For ₹5,00,000 loan (Kishor/Tarun), rates range from 8.60% to 10.25%.
Q8: What is Mudra loan interest rate for 2 lakh?
A: For ₹2,00,000 loan, rates are 8.50% – 10.15%. EMI approx ₹6,394 for 3 years.
