The SBI e Mudra loan is a hassle-free financial solution for micro and small businesses in India. Offered under the Pradhan Mantri Mudra Yojana (PMMY), this digital loan facility by State Bank of India allows eligible individuals to apply online without visiting the bank. Whether you’re looking to apply for ₹50,000 or understand eligibility and rates, this guide covers everything in simple terms.
With SBI, the e Mudra loan process is fast, paperless, and designed to support small business growth.
📌 What is SBI e Mudra Loan?
The e Mudra loan from SBI is a digital loan offering for individuals who have a savings or current account with SBI. You can apply for an amount of up to ₹50,000 completely online. This loan is mainly for small business owners, traders, artisans, and self-employed individuals.
The scheme falls under the broader SBI Mudra loan category, which has three types:
| Loan Type | Amount Range | Suitable For |
|---|---|---|
| Shishu | Up to ₹50,000 | Startups, small traders |
| Kishore | ₹50,001 – ₹5 Lakhs | Growing micro enterprises |
| Tarun | ₹5 Lakhs – ₹10 Lakhs | Established small businesses |
SBI e Mudra primarily caters to the Shishu category.
💰 SBI e Mudra Loan ₹50,000 – Features
If you’re looking for the SBI e Mudra loan ₹50,000, here’s what you can expect:
| Feature | Details |
|---|---|
| Loan Amount | Up to ₹50,000 |
| Interest Rate | Starts from 8.5% p.a. (subject to change) |
| Tenure | Up to 5 years |
| Collateral | Not required |
| Processing Fee | Nil or minimal |
| Mode of Application | Online via SBI portal |
This amount can be used for buying inventory, tools, equipment, or managing working capital.
🎯 SBI e Mudra Loan Eligibility
To apply successfully, you must meet the SBI Mudra loan eligibility criteria:
| Eligibility Factor | Requirement |
|---|---|
| Age | 18 to 60 years |
| Account Type | Must have SBI Savings/Current account |
| Business Type | Non-farm micro business (e.g., retail, services) |
| Account Tenure | Should be active for at least 6 months |
| Loan Usage | For business-related purposes only |
Both new and existing SBI customers can apply, but the account should be KYC-compliant.
📞 SBI e Mudra Loan Customer Care Number
If you need help with your SBI Mudra loan application, you can contact the support team. While there is no exclusive SBI Mudra loan customer care number, you can reach the general SBI helpline:
- Customer Care (Toll-Free): 1800 1234 / 1800 2100
- PMMY Helpdesk (for Mudra-related queries): Available at the nearest SBI branch
Make sure to keep your account number and registered mobile number handy when calling.
📄 Required Documents for SBI e Mudra Loan
For the online process, minimal documentation is needed. Here’s a quick list:
| Document Type | Example |
|---|---|
| Identity Proof | Aadhaar Card, Voter ID |
| Address Proof | Aadhaar, Utility Bill |
| Bank Passbook | SBI account statement/passbook |
| Business Proof | Business registration, ITR, GST, etc. |
| Photograph | Passport-size photo |
Note: For amounts above ₹50,000, additional documents may be needed.
🧾 SBI e Mudra Loan Interest Rate
The SBI Mudra loan interest rate starts from 8.5% per annum and may go up depending on the customer’s profile and creditworthiness. There is no fixed rate for all applicants.
| Loan Amount | Interest Rate Range | Tenure | EMI Example (for ₹50,000) |
|---|---|---|---|
| Up to ₹50,000 | 8.5% – 12% | 1–5 years | ₹1,027 for 5 years |
The rate remains competitive compared to other microfinance or informal lending options.
📝 How to Apply – SBI e Mudra Loan Application Process
Applying for the loan is quick and easy. Here are the steps for SBI Mudra loan application:
- Visit the official SBI e-Mudra portal
- Enter your account number and registered mobile number
- Fill in the personal and business details
- Upload necessary documents if required
- Accept terms and complete OTP-based e-sign
- Once approved, the loan is credited to your SBI account
You can track the status on the same portal or visit your home branch for assistance.
📊 Comparison: SBI e Mudra Loan vs Other Banks
Let’s compare how SBI stands against other banks for e-Mudra loans:
| Bank | Max Amount (Online) | Interest Rate | Processing Time |
|---|---|---|---|
| SBI | ₹50,000 | 8.5% – 12% | Within 3–5 days |
| Bank of Baroda | ₹50,000 | 9% – 12.5% | 5–7 working days |
| Union Bank | ₹50,000 | 9.5% – 13% | 4–6 working days |
| Canara Bank | ₹50,000 | 9% – 11.5% | Up to 7 days |
SBI remains among the top choices due to faster processing and digital workflow.
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✅ Benefits of SBI e Mudra Loan
- Quick and Paperless: Fully online up to ₹50,000
- No Collateral: Safe for micro-business owners
- Low Interest: Affordable for small traders and startups
- Flexible Repayment: Tenure up to 5 years
- Reliable Support: SBI’s nationwide network for help
📌 Final Thoughts
The SBI e Mudra loan is a great opportunity for small business owners and self-employed individuals to access credit without stress. With up to ₹50,000 available online, the process is simple and fast. By understanding the SBI e Mudra loan eligibility, interest rate, and required documents, you can apply with confidence.
Whether you are a street vendor, tailor, beautician, or small retailer, the e Mudra loan SBI program can support your growth. Use this opportunity to upgrade tools, expand inventory, or improve your workspace.
Stay prepared, keep your SBI account active, and apply with proper details. The SBI e-Mudra initiative is designed to empower India’s micro-entrepreneurs—make it work for you.