Looking to boost your small business with financial support? The State Bank of India (SBI) offers an easy online loan facility under the e-Mudra scheme, which is part of the Pradhan Mantri Mudra Yojana (PMMY). This loan is specially designed for micro and small entrepreneurs who need a small capital push to start or grow their business.
🔍 What is SBI e-Mudra Loan?
The SBI e-Mudra Loan is a digital financial product that helps small traders, vendors, service providers, and other micro-entrepreneurs with unsecured loans up to ₹50,000. Offered through SBI’s online portal, this scheme promotes self-employment and financial inclusion.
Applicants can access the loan without visiting a branch, making the process smooth and quick for those with an active SBI account.
💡 Three Categories of Mudra Loans
The Mudra scheme is divided into three segments:
- Shishu – Loans up to ₹50,000 (available online)
- Kishore – ₹50,001 to ₹5 lakhs (offline)
- Tarun – ₹5 lakhs to ₹10 lakhs (offline)
Online applications via SBI are accepted only for Shishu loans. For higher limits, you need to apply at the nearest branch.
📌 Key Highlights of SBI e-Mudra Loan
| Feature | Details |
|---|---|
| Loan Amount | Up to ₹50,000 |
| Tenure | Max 5 years |
| Collateral | Not required |
| Interest Rate | Bank’s prevailing MSME rate (subject to change) |
| Processing Fee | Nil for Shishu category |
| Repayment | EMI or flexible options available |
✅ Eligibility Criteria
To be eligible for the SBI e-Mudra loan:
- You must be an Indian citizen
- Your SBI account (savings or current) must be at least 6 months old
- Aadhaar should be linked with your mobile number
- You must be engaged in non-farm income-generating activities (trading, manufacturing, or services)
📄 Documents Needed
Keep these ready for hassle-free application:
- Aadhaar card (linked with mobile)
- PAN card
- SBI bank account details
- Passport-size photo
- Proof of business (GST, Udyam certificate, shop license, etc.)
- Income or sales details (optional)
🖥️ How to Apply for SBI e-Mudra Loan Online?
Here’s a simplified version of the online process:
- Go to the official SBI e-Mudra portal: https://emudra.sbi.co.in
- Accept the Terms and Conditions
- Enter your SBI account number and registered mobile number
- Complete OTP verification
- Fill out the digital form with personal and business details
- Upload required documents in PDF/JPG format
- Complete e-KYC and sign digitally via Aadhaar OTP
- On successful approval, the loan will be credited to your account
⭐ Why Choose SBI e-Mudra Loan?
- 100% digital and paperless process
- No need to visit the branch for Shishu loans
- Ideal for small traders, vendors, artisans
- Transparent terms and government-backed security
- Quick approval and easy EMIs
❓Top 20 FAQs on SBI e-Mudra Loan
1. What is the maximum amount I can get online?
You can get up to ₹50,000 through the online Shishu loan category.
2. Do I need to offer any security or guarantee?
No, the e-Mudra loan is completely collateral-free.
3. Is Aadhaar mandatory?
Yes, Aadhaar is essential and must be linked with your mobile number.
4. Can I apply without a PAN card?
PAN card is mandatory for identity and KYC verification.
5. What type of businesses can apply?
Any small business involved in trading, manufacturing, or services.
6. Can I apply if my SBI account is less than 6 months old?
No, your account must be at least 6 months old.
7. Is there a fee for applying online?
No, there is no processing charge for e-Mudra Shishu loans.
8. How much time does it take to receive the loan?
Once approved, the amount is generally disbursed within 3–7 working days.
9. What is the interest rate?
It varies based on SBI’s existing MSME lending rates.
10. Can I prepay the loan?
Yes, prepayment is allowed. Check with SBI for charges (if any).
11. What is the repayment period?
Up to 60 months (5 years), based on loan terms.
12. Can I apply from my mobile?
Yes, the entire process is mobile-friendly.
13. Is there any credit score requirement?
Not mandatory, but having a good transaction history helps.
14. Can I apply again if my loan is rejected?
Yes, after rectifying the reason for rejection.
15. What if I don’t have a GST certificate?
You can provide other business proofs like Udyam registration.
16. Can women entrepreneurs apply?
Yes, and in some cases, special preferences are given.
17. Is this loan available for farmers?
No, it is only for non-agricultural micro businesses.
18. What if I miss an EMI?
Late payment charges or penalties may apply.
19. Will my CIBIL score be affected?
Yes, repayment behavior will impact your credit score.
20. Where can I track my application?
Visit https://emudra.sbi.co.in or contact your SBI branch.
✍️ Final Thoughts
The SBI e-Mudra Loan is a practical and accessible option for aspiring and existing entrepreneurs who need quick, small-ticket financing. With no collateral, a simple application process, and government support, it’s a great stepping stone to turn your business dreams into reality. If you meet the criteria, apply today and give your business the financial support it deserves.
