SBI Mudra Loan

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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
Purpose	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
Margin	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
SHISHU	Linked to existing MCLR
KISHORE
TARUN

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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