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SBI offers a number of different types of loans. Its loan portfolio includes both personal and business loans. These loans have been instrumental in helping both small and large businesses across the country flourish.


SBI also offers a wide range of SME (Small Medium Enterprises) loans to help boost the growth of small and medium enterprises in India. One such scheme is the Pradhan Mantri Mudra Yojana (PMMY), under which the SBI Mudra and SBI e-Mudra schemes are offered.

SBI Mudra Loan Highlights

Here are some of the key highlights of the SBI Mudra loan. 

Credit Nature

  • Working capital 

  • Term loan


  • Capital for start-ups

  • Modernisation and/or expansion

  • purchase of now machinery and equipment 

Eligible Borrowers

Entrepreneurs and business owners looking to set up a new venture or expand/modernise their existing venture(s)

Maximum Loan Amount

Up to ₹10 lakh, in accordance with the loan category;

  • SHISHU - Loans of up to ₹50,000

  • KISHORE - Loans starting from ₹50,001 to ₹500,000

  • TARUN - Loans starting from ₹500,001 to ₹10,00,000

Repayment Tenure

3 to 5 years

Processing Fee

  • There are no processing fees for loans under the SHISHU and KISHORE categories

  • 0.5% of the loan amount for Tarun loans


  • Nil for loan up to ₹50,000

  • 10% for loan amount from ₹50,001 to ₹10 Lakh

Interest rates

Linked to MCLR rates

SBI E Mudra Loan Features

Here are some of the features of the SBI e-Mudra loan schemes: 

  • Applicants should be micro entrepreneurs.

  • It is required that all applicants of the SBI e-Mudra scheme should be an existing current or savings account holder of SBI. The account(s) should be at least six months old at the time of loan application. 

  • The maximum eligible loan amount under the e-Mudra scheme is ₹50,000. 

  • The maximum loan tenure under the e-Mudra scheme is 5 years. 

  • For loans of over ₹50,000, the borrower will have to visit their SBI branch and get in touch with a representative from the bank

SBI Mudra Loan Interest Rates

Loan Categories

Interest Rates 




Linked to existing MCLR



SBI E Mudra Loan Eligibility Criteria

  • If you already own a business and are looking to develop or modernise your existing venture, you may take an SBI Mudra loan. 

  • If you’re a micro entrepreneur, you may avail an SBI Mudra loan. 

  • If you’re a new business owner or startup founder looking to fund your business, you may apply for the SBI Mudra loan. 

  • If you’re engaged in any of the following sectors, you may avail a SBI Mudra loan:

    1. Manufacturing sector

    2. Trading and services sector

    3. Allied agricultural services sector

Documents Required for SBI Mudra Loan

Here are the documents and details you need to begin applying for the SBI Mudra loan: 

  • Proof of Business 

  • Savings and/or current account number and other account-related details

  • Community details 

  • UIDAI- Aadhar Number 

  • Other information for uploading like:

    1. GSTN & UDYOG Aadhar

    2. Proof of Shop & Establishment or any other business registration documents (if available)

How to Apply for SBI E-Mudra Loan

You may apply for the SBI e-Mudra Loan following these steps: 

  • Visit the SBI e-Mudra portal.

  • Fill the SBI e-Mudra application form provided on the portal.

  • Provide your Aadhaar number for e-KYC through UIDAI.

  • Complete the e-Sign through OTP authentication.

  • Your request will be processed and disbursed within the stipulated time period.

SBI Customer Care

Here are some ways to contact SBI customer service in case of any queries. 

  • Toll free number(s):

    1. 1800 1234

    2. 1800 2100

    3. 1800 11 2211

    4. 1800 425 3800

    5. 080-26599990

  • Email: 

    1. customercare@sbi.co.in

    2. contactcentre@sbi.co.in 


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FAQs for SBI Mudra Loan

Who can apply for an SBI Mudra loan?

You can apply for the SBI Mudra loan if you:

  • Own a business that requires funds for development and expansion

  • Are looking for funds to start a new business venture

What is the repayment timeline for an SBI Mudra loan?

The repayment tenure for the SBI Mudra scheme ranges from 3 years to 5 years.

Can people living in urban areas apply for an SBI Mudra loan?

Yes, people living in urban areas can apply for the SBI Mudra loan, provided that the funds are intended to be used for business purposes.

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