SBI e-Mudra Loan Apply Online – Complete Guide to Get ₹50,000 to ₹1 Lakh Instantly
Are you a small business owner, vendor, or self-employed individual looking for quick and easy financial support? The SBI e-Mudra loan might be the perfect solution for you. Offered under the Pradhan Mantri Mudra Yojana (PMMY), this loan is designed to empower micro and small entrepreneurs with collateral-free credit. Through SBI’s e-Mudra portal, eligible applicants can apply online and get up to ₹1 lakh with minimal documentation.
Let’s explore the eligibility, benefits, documents required, and the step-by-step process to apply for the SBI e-Mudra loan online.
What is the SBI e-Mudra Loan?
SBI’s e-Mudra loan is a digital lending facility for existing SBI customers to avail loans up to ₹1 lakh. For loans up to ₹50,000, the entire process is fully online and often disbursed instantly. Loans above ₹50,000 require a branch visit to complete formalities within 30 days.
This initiative supports the government’s goal of boosting small businesses and startups in India by offering easy access to finance without the need for collateral.
Eligibility Criteria
To apply for an SBI e-Mudra loan, you must meet the following conditions:
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Be an Indian citizen aged 18 to 65 years.
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Have an active SBI savings or current account for at least 6 months.
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Be engaged in non-farm income-generating activities like manufacturing, trading, services, or agri-allied businesses.
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Your business must be classified under Micro or Small Enterprise.
Documents Required
Ensure you have these documents ready in digital format (less than 2 MB each):
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SBI account number and branch details
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Aadhaar card (linked with your mobile number for e-KYC)
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PAN card
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Business proof – GST registration, Udyam registration, or Shop & Establishment Certificate
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Caste certificate (if SC/ST/OBC)
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Address and ID proof (if not covered by Aadhaar)
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Passport-sized photograph
Loan Amounts & Repayment
SBI categorizes Mudra loans into three groups:
| 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 |
Under the e-Mudra portal, you can apply for loans up to ₹1 lakh. The repayment period ranges from 3 to 5 years, including a moratorium of 3–6 months.
The interest rate typically starts from 11.75% p.a., depending on SBI’s lending rates and your loan category.
How to Apply Online for SBI e-Mudra Loan
Follow these steps to apply:
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Visit the SBI e-Mudra portal:
Go to https://emudra.sbi.co.in (official site) -
Click “Proceed” and accept the terms.
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Enter your SBI account number and registered mobile number.
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Fill in your personal and business details, including loan amount, purpose, income, and business address.
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Upload documents such as Aadhaar, PAN, and business proof.
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Verify Aadhaar via OTP linked to your mobile number.
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Digitally sign (e-Sign) the application using Aadhaar OTP.
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If approved, funds up to ₹50,000 are credited instantly to your SBI account. For amounts above ₹50,000, you’ll receive an SMS to visit the branch within 30 days to complete documentation.
Benefits of SBI e-Mudra Loan
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No collateral or guarantor required
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Minimal paperwork and fully digital process
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Fast disbursement for loans up to ₹50,000
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Flexible repayment period with moratorium
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Backed by the Government of India’s PMMY scheme
Final Thoughts
The SBI e-Mudra loan is a powerful tool for self-reliant individuals, micro-entrepreneurs, and small business owners to access timely credit without the hassle of traditional loan procedures. Whether you’re a vendor, craftsman, service provider, or run a small store, this scheme helps you scale your business with ease.
Start your application today by visiting the official SBI e-Mudra portal, and take a confident step towards business growth.