SBI e‑Mudra Loan – Apply | Eligibility | Documents | Benefits

Looking to apply for SBI e‑Mudra Loan? Here's your complete guide to e‑Mudra loan apply online, eligibility requirements, documentation, interest rates, and benefits—with SEO keywords naturally integrated for Google ranking: SBI e‑Mudra Loan, e‑Mudra loan apply, Mudra Loan SBI.

What is SBI e‑Mudra Loan?

The SBI e‑Mudra Loan is part of the Pradhan Mantri Mudra Yojana (PMMY) offered by SBI to support micro and small enterprises. 

It provides collateral-free loans for business purposes such as working capital, modernization, or expansion. Borrowers can avail loans up to ₹1 lakh—with instant sanction up to ₹50,000 online.

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Loan Amount & Categories

Under the SBI e‑Mudra Loan scheme:

• Shishu: Up to ₹50,000 (instant online approval)

• Kishore: ₹50,001–₹5,00,000

• Tarun: ₹5,00,001–₹10,00,000 (requires branch visit)Reddit+3Business Standard+3Reddit+3Marg Compusoft

• SBI provides Mudra RuPay cards for eligible beneficiaries.Paisabazaar+1MyMoneyMantra+1

 SBI e‑Mudra Loan Eligibility

To apply for SBI Mudra Loan, you must:

• Be an Indian citizen above 18 years

• Be a micro‑entrepreneur in manufacturing, trading, or service sectors (excluding crop farming)Reddit+15SBI+15Paisabazaar+15

• Hold an active SBI Savings/Current Account for at least 6 monthsTata Nexarc Blog+5Paisabazaar+5MyMoneyMantra+5

• Maintain a good credit history and business transaction record

 Documents Required

For the SBI e‑Mudra loan apply process, these documents are commonly needed:

• Aadhaar card (linked with SBI account and mobile)

• Business proof: Shop/establishment certificate, UDYAM registration, GSTN

• SBI bank account details and six months' statement

• PAN card, address proof, recent passport-size photo

• Community certificate (if applicable)

• Price quotes or invoices (for equipment purchases)

• Financial or business registration documents for Kishore/Tarun categoryReddit+13Paisabazaar+13Fincash+13SBI+9Marg Compusoft+9Reddit+9

 How to Apply: SBI e‑Mudra Loan Apply Online Process

For loan up to ₹50,000 (Shishu): Online Application

1. Go to the SBI e‑Mudra portal and click "Proceed for e-Mudra".Tata Nexarc Blog+2Marg Compusoft+2Fincash+2

2. Accept the instructions in chosen language, click "OK".

3. Enter your SBI account number, mobile number, required loan amount, captcha, and click "Proceed".

4. Fill in the application and upload documents in PDF/JPEG/PNG (max 2MB).

5. Enter your Aadhaar number, consent for e‑Sign, receive OTP, and complete e‑KYC to submit.Marg CompusoftMarg Compusoft+3Tata Nexarc Blog+3MyMoneyMantra+3Fincash+1Housing+1

For amounts ₹50,001 to ₹1 lakh (Kishore/Tarun): Branch Visit Required

• Submit documents at your SBI branch

• After sanction, you’ll receive an SMS with next steps to access the e‑Mudra portal

• Complete the process and disbursement within 30 days of SMS.Marg CompusoftPaisabazaar+1Marg Compusoft+1

 Repayment & Interest Rates

• Maximum loan tenure: Up to 5 years

• Moratorium: Up to 6 months for loans ≤ ₹5 lakh; up to 12 months for ₹5–10 lakh loans

• Interest rates: Linked to EBLR/MCLR, generally ranging between 8%–12% depending on category and borrower profile. E.g., agriculture-linked rate ~11.75% p.a.Reddit+6Project report builder for bank loan+6Tata Nexarc Blog+6

• Processing Fee: Nil for Shishu and Kishore; 0.50% + taxes for Tarun loans.Wikipedia+6Paisabazaar+6SBI+6

Benefits of SBI e‑Mudra Loan

• Collateral-free (secured via CGFMU) – no pledge required for loans up to ₹1 lakhBusiness Standard+13Paisabazaar+13Project report builder for bank loan+13

• Online apply for small amounts (quick and convenient)

• Government-backed scheme supporting MSMEs and financial inclusionWikipedia+2skarafinancial.com+2Reddit+2

• Fast disbursement, minimal paperwork

• Mudra RuPay Card for transaction and withdrawals under the schemeskarafinancial.com+1timesofindia.indiatimes.com+1Marg Compusoft+1Paisabazaar+1

 Tips & Common Pitfalls

• Maintain active transactions in your SBI account (6 months or more) to improve acceptance chances.skarafinancial.com+3Marg Compusoft+3Housing+3

• Banks assess business legitimacy and credit score; mere Aadhaar/PAN may not suffice.Reddit+1Tata Nexarc Blog+1

• Avoid middle‑man agents and advance payments. SBI’s own process is secure and transparent.

Summary Table – SBI e‑Mudra Loan Apply