The SBI E MUDRA Loan was launched by the Government of India in 2015. With an e Mudra loan, you can get loans up to 10 lakh in only a few minutes. The scheme is for (MSMEs) Small and Micro Business Owners, Those who have to build their own business.
| Scheme | SBI E Mudra Loan |
| Loan Amount | 10,00,000 |
| Interest rate | 8.40 % – 12.35% |
| Repayment | 3 to 5 year |
| Beneficiaries | Micro, Small & Medium Enterprises (MSMEs) |
| Year | 2022 |
| Application method | Online |
| Collateral required | Nil |
Read More: HDFC Gold Loan
SBI E MUDRA LOAN DOCUMENT REQUIRED
- Passport size photo
- I.D Proof ( passport, voter card, pan card, Aadhar card
- Residence proof Like electricity bill, recent telephone
- Bank statement last 6 month
- Proof of caste certificate ( SC/ST/OBC/GENERAL
- Proof of business document
- Addition information if by SBI
SBI E MUDRA LOAN ELIGIBILITY CRITERIA
| Age Required | 18 – 65 year |
| Resident of India | 2 year |
| Bank account | Must have SBI ‘s account at latest 6 month |
| Business | Must have micro & small businesses running |
| Phone number | Must be linked phone number with Aadhar |
SBI E MUDRA LOAN FEATURES
- You can apply loan online mode for emudra loan
- You can take loans up to 50,000 online
- For loans up to 1,00,000, you have to go to SBI bank
- Interest rate 8.40% – 12.35%
- Your interest rate will depend on your loan amount
Read Now: SBI Gold Loan
ADDITIONAL BENEFITS OF E MUDRA LOAN
Borrowers funded under this scheme are given Rupay Debit Card called Mudra Card. The emudra loan amount is divided into three categories, Shishu, Kishor, and Tarun, there is 0% of the processing fee, and the Tarun loan is 0.5% of the processing fee. Also, a margin of 10% loan amount is 50,001 to 10, 00,000 is ivied
| Category | Loan Amount | Daily Cash withdrawal Limit | Daily POS Limit |
| Shishu | 50,000 | 10,000 | 15,000 |
| Kishor | 50,001 – 5,00,000 | 15,000 | 25,000 |
| Tarun | 5,00,001 – 10,00,000 | 20,000 | 30,000 |
IN ADDITION NEW BENEFITS & DEALS UNDER THIS SCHEME
HOW TO APPLY SBI E MUDRA LOAN Online
- SBI e mudra loan apply online, you should visit the website
- You will see some information below that you will see the ok button, you have to click there.
- Next, you have to enter your registration number Aadhaar number, phone number, and account number and verify with OTP
- Enter the number of loan amount with SBI Saving Account & Current Account and click on the process
- Next, you have to fill in the information about your business and the document should be more than 2MB in JPG, PNG
- Read SBI mudra loan team and condition and tick the check box
- After the entire process has been completed, click on the Submit button.