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

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

Are you a small business owner, street vendor, or self-employed professional looking for quick and hassle-free financial support? The SBI e-Mudra Loan could be the perfect solution. Launched under the Pradhan Mantri Mudra Yojana (PMMY), this scheme empowers micro and small entrepreneurs with collateral-free loans up to ₹1 lakh. Through the SBI e-Mudra portal, eligible customers can apply online and get instant approval with minimal paperwork.

What is SBI e-Mudra Loan?

The SBI e-Mudra Loan is a fully digital lending facility that allows existing SBI account holders to apply for business loans online.

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

  • For loans above ₹50,000 (up to ₹1 lakh), applicants must visit their SBI branch within 30 days to complete documentation.

This initiative is designed to make credit easily accessible for small entrepreneurs, helping them grow their businesses without worrying about collateral.

Eligibility Criteria for SBI e-Mudra Loan

To qualify, you need to meet the following conditions:

  • Must be an Indian citizen between 18 and 65 years of age.

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

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

  • Your business must fall under the Micro or Small Enterprise category.

Documents Required

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

  • SBI Account number and branch details

  • Aadhaar Card (linked with mobile for e-KYC)

  • PAN Card

  • Business Proof (GST Registration, Udyam Registration, Shop & Establishment Certificate, etc.)

  • Caste Certificate (if applicable – SC/ST/OBC)

  • Address/ID Proof (if not included in Aadhaar)

  • Passport-size Photograph

Loan Amounts & Repayment Options

Under the Mudra scheme, loans are divided into three categories:

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

Through the SBI e-Mudra portal, you can apply for loans up to ₹1 lakh.

  1. Repayment Tenure: 3 to 5 years

  2. Moratorium Period: 3 to 6 months (no EMI during this period)

  3. Interest Rate: Starts from 11.75% p.a. (varies based on loan category and SBI’s lending rates)

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How to Apply Online for SBI e-Mudra Loan

Follow these simple steps to apply:

  1. Visit the Portal – Go to SBI e-Mudra Loan Portal.

  2. Click “Proceed” and accept the terms & conditions.

  3. Enter Account Details – Provide your SBI account number and registered mobile number.

  4. Fill Application Form – Enter personal, business, and loan details (loan amount, purpose, income, etc.).

  5. Upload Documents – Aadhaar, PAN, and business proof.

  6. e-KYC & e-Sign – Verify Aadhaar using OTP and digitally sign the form.

  7. Loan Disbursement –

    • Up to ₹50,000 → Credited instantly to your SBI account.

    • Above ₹50,000 → Visit branch within 30 days to complete the process.

Key Benefits of SBI e-Mudra Loan

  • No collateral or guarantor required

  • Fully digital and paperless (for loans up to ₹50,000)

  • Instant disbursement for smaller loans

  • Flexible repayment options with moratorium period

  • Government-backed scheme under PMMY

Final Thoughts

The SBI e-Mudra Loan is a game-changer for small entrepreneurs, shopkeepers, craftsmen, service providers, and vendors who need quick access to working capital. With its easy application process, minimal paperwork, and instant disbursement, it ensures that financial support reaches those who need it most.

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