sbi e mudra pm svanidhi loan
sbi e mudra pm Seva Nidhi loan: The State Bank of India (SBI) Mudra Loan refers to the loans offered to individuals and Micro, Small & Medium Enterprises (MSMEs) under the guidance of the Micro-Units Development and Refinance Agency (MUDRA). Under the Mudra scheme, SBI offers funding support of up to Rs. 10 lakh.
SBI Mudra Loans can be used for purchasing raw materials, stocking up inventory, meeting working capital needs, buying plant and machinery, paying rent, business expansion, and other business-related purposes.
| Interest Rate | 9.75% onwards |
| Loan Amount | Up to Rs. 10 lakh |
| Eligibility Criteria | Existing and New Units |
| Processing Fee & Charges | 0.50%of the loan amount + taxes |
| Pre-payment Charges | Between 3 – 5 years (moratorium of up to 6 months) depending on the activity/income generation |
| Margin | Up to Rs. 50,000 Nil and From Rs. 50,001 to Rs. 10 lakh is 10% |
| Residence Status | For the last 2 years, residing in the same society |
| Collateral Security | Nil |
| Nationality | Indian |
Apply for SBI e-Mudra Loan
- Visit the SBI official website
- Select Pradhan Mantri Mudra Yojana Application Form
- Provide the required details
- after SBI formalities and loan process is completed, the applicant shall receive an SMS
- need 30 days after the receipt of SMS
SBI e MUDRA Loan details
- Maximum loan amount offered is Rs. 1 lakh
- Maximum repayment period is up to 5 years
- Instant loan availability of Rs. 50,000
- For loan amount above Rs. 50,000, applicant needs to visit SBI
- Applicant should be a micro entrepreneur with minimum age of 18 years and maximum up to 65 years
- Must have maintained SBI’s current or savings account for at least 6 months
- Indian citizen
Documents required for sbi e-mudra
- Duly filled application form with passport sized photographs
- KYC documents of the applicant: Passport, Voter’s ID card, Aadhar card, Driving License, PAN card
- Details of Savings/Current Account number and branch
- 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 and business registration
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