SBI e- Mudra

SBI e-Mudra Loan Online – Get ₹50,000 to ₹1 Lakh Instantly

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SBI e-Mudra Loan Online – Get ₹50,000 to ₹1 Lakh Instantly

Are you a small business owner, street vendor, or self-employed professional looking for quick financial support? The SBI e-Mudra Loan can be your solution. Offered under the Pradhan Mantri Mudra Yojana (PMMY), this loan provides collateral-free credit to micro and small entrepreneurs. With SBI’s digital e-Mudra portal, eligible applicants can apply online and secure loans up to ₹1 lakh with minimal paperwork.

This guide explains the eligibility, required documents, benefits, and the step-by-step process to apply online.

What is SBI e-Mudra Loan?

The SBI e-Mudra Loan is a digital lending facility available to existing SBI customers.

  • For loans up to ₹50,000, the process is 100% online and disbursed instantly.

  • For loans above ₹50,000, applicants need to visit their SBI branch within 30 days to complete formalities.

The scheme supports the government’s vision of encouraging small businesses and startups by making finance accessible without collateral.

Eligibility Criteria

To apply, you must meet these conditions:

  • Be an Indian citizen aged 18–65 years.

  • Hold an active SBI savings or current account for at least 6 months.

  • Be engaged in non-farm income-generating activities (trading, manufacturing, services, or agri-allied).

  • Your business should be classified as a Micro or Small Enterprise.

Documents Required

Keep the following documents ready in digital format (less than 2 MB each):

  • SBI account number and branch details

  • Aadhaar card (linked with mobile number for e-KYC)

  • PAN card

  • Proof of business – GST registration, Udyam registration, or Shop & Establishment Certificate

  • Caste certificate (if SC/ST/OBC)

  • Address/ID proof (if not covered by Aadhaar)

  • Passport-sized photo

Loan Amount & Repayment

SBI offers Mudra loans in three categories:

Loan Type Amount Best For
Shishu Up to ₹50,000 Startups & new businesses
Kishore ₹50,001 – ₹5 lakh Growing small businesses
Tarun ₹5 lakh – ₹10 lakh Established businesses

  • Repayment Tenure: 3 to 5 years

  • Moratorium Period: 3–6 months

  • Interest Rate: Starts from 11.75% p.a. (subject to SBI’s prevailing rates)

How to Apply Online for SBI e-Mudra Loan

Follow these steps to apply:

  1. Visit the official SBI e-Mudra portal.

  2. Click “Proceed” and accept the terms.

  3. Enter your SBI account number and registered mobile number.

  4. Fill in your personal and business details (loan amount, purpose, income, business address).

  5. Upload required documents (Aadhaar, PAN, business proof).

  6. Verify Aadhaar with the OTP sent to your mobile.

  7. e-Sign the application using Aadhaar OTP.

  • If approved, loans up to ₹50,000 are disbursed instantly.

  • For loans above ₹50,000, you will receive an SMS to visit the branch within 30 days for documentation.

Benefits of SBI e-Mudra Loan

  1. No collateral or guarantor required
  2. Simple, digital process with minimal paperwork
  3. Instant disbursal for loans up to ₹50,000
  4. Flexible repayment options with moratorium period
  5. Backed by the Government’s PMMY scheme

Final Thoughts

The SBI e-Mudra Loan is an excellent opportunity for micro-entrepreneurs, shopkeepers, vendors, artisans, and service providers to expand their businesses with ease. By removing the hurdles of traditional loans, SBI empowers small businesses to access timely credit and achieve sustainable growth.