How to get SBI e-Mudra Loan 50 thousand to 1 lakh taka instant cash loan online application. SBI e-Mudra loan apply online.

SBI e-Mudra Loan: Friends are doing business or going to start a new business, suddenly need money, wondering where to get it. Worry no more, e-currency loans are here. Raise your hand money, even sitting at home. SBI Mudra Loan is a significant business loan for small and medium entrepreneurs offered by the State Bank of India. Under the e-Mudra scheme, State Bank of India provides loans of up to Rs 1 lakh to small and medium businesses. Businessmen can take a loan of Rs 50,000 online instantly through this scheme. SBI e-Mudra loan interest rate is also quite low from 8.40 percent to 12.35 percent.

What are the features of SBI e-Currency Loan?

• Under the SBI e-Mudra loan scheme, both old and new businessmen, employees engaged in trading and service sectors and those involved in agriculture can get this loan up to a maximum of Rs 1 lakh.
• SBI e-Mudra loan Repayment period after availing the loan is maximum five years.
• You can get 50 thousand rupees instant loan.
• To get a loan above 50 thousand rupees you have to visit your nearest SBI bank branch and complete the loan formalities.

What are the eligibility requirements for availing SBI e-Mudra Loan?

• To get this loan you need to have a current or savings account with SBI that is at least six months old.
• You must be associated with a non-farm business or a service sector.
• You must have lived at the address you give as your residence for at least two years.
• If you are involved in any business or service sector alone, you can apply for the loan.
• If you have any agriculture activity then you will be eligible to apply for this loan.

What are the documents required to get SBI e-Mudra loan?

• Your kyc documents like Voter ID Card, Aadhaar Card, PAN Card.
• Your savings or current account number is required.
• Some proof of the business you do (address, date of business start, type of business etc.).
• Your Aadhaar number must be linked with your bank account.
• Your caste certificate (general/sc/st/obc/minority) if any.
• Your business registration.
• Also some other documents may be asked from you by SBI. Like GST Registration Certificate.

What are the benefits of SBI e-Currency Loan?

• Various small businesses of the country will get progress through such loan scheme.
• Interest on e-currency loans is very affordable.
• Small businessmen can also easily apply for this loan.
• E-Currency Loans will play a major role in increasing the country's GDP.

How to apply online for SBI e-Mudra loan 50 thousand?

If you are an SBI customer, you can apply for an e-Currency loan up to one lakh rupees by visiting the SBI portal. In that case follow the below steps.

1st Step:- First of all open the official website of SBI https://emudra.sbi.co.in:8044/emudra in the browser or click here. Then click on Proceed for e-Mudra button.

2nd step:- On the page that will open in front of you, scroll down and click on the Ok button.

3rd step:- Then select your language and click on Ok button, enter the mobile number and fill captcha and click on verify button, an OTP code will be sent to the mobile, put the OTP code and verify. After that, if you want to give Aadhaar details, click Yes and enter the Aadhaar number and click on Generate OTP. Enter the OTP on the register mobile, otherwise, click No. Then enter your sbi savings or current account number below and enter the loan amount below that. Then click on the proceed button.

4th Step;- By completing these formalities your loan getting process is complete then an SMS will be sent to your mobile through which you can proceed to the next steps of Mudra Portal.

5th Step:- After receiving the loan sanction SMS you have 30 days left to complete the entire process.

SBI e-Mudra makes getting your loan very easy with minimal documentation and quick approval.

Note: The documents that you upload on the official site for instant fifty thousand taka SBI e-Mudra loan should be maximum 2mb in size and in PDF / JPEG / PNG format.