How can apply SBI Mudra Loan online 2022

SBI Mudra Loan refers to the business loans and working capital loans offered to individuals, self-employed professionals, and Micro, Small & Medium Enterprises (MSMEs) under the guidance of the Micro-Units Development and Refinance Agency (MUDRA). Under the Mudra scheme, SBI offers business loans and MSME loans of amount up to Rs. 10 lakh. SBI e Mudra loan can be applied and availed online for amount up to Rs. 1 lakh with repayment tenure of up to 5 years.

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Features of e-Mudra, Requisite documents for Applying Loan

  • Should be a micro entrepreneur.
  • Should be an existing CA/SB Account holder of SBI, minimum 6 months old.
  • Max eligible Loan amount- Rs.1.00 Lakh
  • Maximum Loan period-5 Years
  • Instant availability of loan up to Rs.50,000/- based on Bank’s eligibility norms.
  • For loan above Rs.50,000/-, customer to visit Branch for completing formalities.
  • Savings/Current Account number and branch details.
  • Proof of Business (Name, Start date & Address)
  • UIDAI- Aadhar Number (should be updated in A/c Number).
  • Community details (General/SC/ST/ OBC/ Minority)
  • Other information for uploading like: GSTN & UDYOG Aadhar
  • Proof of Shop & Establishment or Any other Business Registration document (if available).

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