SBI e-Mudra Loans at Lowest Interest Rate

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SBI MUDRA Loan
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The State Bank of India is the largest public
sector bank in the country and one of the largest
loan providers in the business loan segment.
Under the MUDRA loan category, the bank offers
its low-cost business loan to prospective
business owners falling under the micro and small
enterprise category as defined by the Ministry of
Micro, Small and Medium Enterprises.The business
loan which is offered under the MUDRA yojana is
an economical business loan with minimal
processing fees and no additional costs attached
to it.
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SBI e-MUDRA Loan

• For all applicants who are currently holding
  their savings or current account with the State
  Bank of India, can apply for a business
  loan under the MUDRA scheme with the SBIs
  e-MUDRA portal.
• With the help of this portal, an existing SBI
  customer can apply for a business loan of up to ?
  50,000 instantly. 
• Before applying for MUDRA loan through SBI, one
  must go through the basic eligibility
  requirements for a successful application as well
  as the documents required by the bank for the
  loan approval.
• The eligibility criteria for the SBI customers
  only require
• The applicant should be aged between 18 to 60
  years
• The deposit account must be active for the last 6
  months or more
• The business must be in non-corporate non-farm
  activities
• The applicant must be a resident at their current
  location for the last 2 years

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Documentation required for SBI MUDRA

• As we all are aware that there are 3 major
  categories under the MUDRA yojana, therefore the
  requirement of documents might vary from one
  category to another. In this case, the documents
  required for the Shishu category are as
  follows
• Registration certificate of GST
• Shop Establishment Certificate
• Udyog Aadhar details
• SBI account details
• For Kishore and Tarun category
• Identity Documents (PAN, Aadhar Card, Voter ID,
  Passport etc.)
• Proof of Residence (Utility bills, Property Tax
  receipt, Passport etc.)
• Bank Statements (For the last 6 months)
• Price Quotations (In case of machinery or
  equipment purchase)
• Business ID (Aadhar proof of establishment)
• Profit Loss statement for the last 2 years
  (Majorly for revenue from sales activity)
• Balance Sheet statement (For the last 2 years and
  Projections for the next year)
• Partnership Deed and Legal Arrangement documents
• Passport size Photographs of individuals applying
  for the loan

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Thank You
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