There are several banks that provide MUDRA loans all across the country. Your MUDRA loan offer will depend on your lenders flexibility. If you have been a previous customer of the bank from where you are seeking a MUDRA loan, you will be able to negotiate lower interest rates and tenures. But your credit score will play an important role in getting the best offers. That is why having a good credit score is essential.
With a good credit score in hand your lender will be assured that you have a good repayment history and thus you have a lower chance to default on your loan. Here are a few top lenders that provide MUDRA loans:
- State Bank of India
- Syndicate Bank
- Bank of India
- Andhra Bank
- Tamilnad Mercantile Bank