Get Free Credit Score
Download App

SBI e-Mudra Loan

Home Mudra Loan SBI Mudra Loan
loading Apply Now
loading

SBI e Mudra Loan

  • Max. Loan Amount Up to Rs. 1 lakh
  • Repayment Tenure Up to 5 years
  • No Collateral Required

Apply Loan for Your Business from leading banks

Digits Only
Error: Please enter valid amount.
Note: The amount of loan you desire to borrow
Digits Only
Error: Please enter valid amount.
Note: Income is required to check the suitable personal loan for you
Error: Please enter valid amount.
Note: Your company's annual sales/turnoveryou.
Error: Please select mode of salary received
Error: Please select your residence type
Digits Only
Error: Please enter valid amount.
Error: Please select profession years
+91
Error: Please enter a valid number.
Note: We may verify this number later using OTP
Error: Please select current city
Error: Please choose your employer
Error: Please select valid bank.
Note: Your company's annual sales/turnover.
Error: Enter a valid Full Name
Error: Enter a valid Email Address
Error: PAN is required
Error: Date of Birth is required
Error: This is mandatory. We need to check availability of service in your area
City: Gurgaon

By submitting this form, I agree to Term of Use

*Offers are from Paisabazaar's partner Banks & NBFCs.

OTP Verification

Verify your mobile

Please enter the OTP we sent via SMS

Didn’t receive your OTP? Send it again

Paisabazaar Personal Loan Cashback Offer
Terms and Conditions

What is the Offer?

Paisabazaar Personal Loan Cashback Offer (“Offer”) will allow customers to participate in this offer by applying for Personal Loan on the Website i.e. www.paisabazaar.com or mobile application (“Website”). To Participate in this Offer, customers need to apply/ fill in application for a Personal Loan on the Website between 00:00:00 hours 26th June, 2021 to 23:59:59 hours 31st July, 2021 (“Eligibility Period”). Once the Personal Loan is disbursed and confirmed by the bank, the customer will be eligible for the Offer. This Offer is launched and offered solely at the discretion of Paisabazaar. By your access and participation in the Offer, you agree to be bound by the terms described herein and all the terms incorporated by reference. This Offer shall also be governed by Terms of Use, Privacy Policy as displayed on the Website.

Under this Offer:

- 1 lucky winner will get up to 100% of his Personal Loan amount disbursed as Cash back (Maximum cashback will be INR 5,00,000). For e.g. If your Personal loan amount disbursed within the specified period is 7,00,000/-; you will be eligible for maximum Cashback of INR 5,00,000). If your Personal loan amount disbursed is 3,00,000/- or 5,00,000/- lakh you will be eligible for upto 100% cashback of your Personal Loan amount i.e. 3,00,000/- or 5,00,000/- respectively

- 2 lucky winners will get 1 lakh cashback

- 3 lucky winners get 50,000/- cashback

- 10 lucky winners get 10,000/- cashback

- Others get 1000/- cashback

Offer Eligibility

To receive benefits under this Offer:

1. Customer should have applied for Personal Loan on the Website between 00:00:00 hours 26th June 2021 to 23:59:59 hours 31st July 2021.

2. The Personal loan should be disbursed to the customer on or before 23:59:59 hours 31st August 2021

3. Only for salaried customers

4. Minimum Personal Loan amount should be INR 1,00,000

5. Where the Customer has applied for more than one Personal Loan application during the Eligibility Period, the Customer will be eligible for cashback under this Offer for Personal Loan applied first during the offer period/ Eligibility Period.

6. Customers availing/ availed Personal loan under any Pre-Approved offer or No income document offer on the Website will not be eligible for benefits under the Offer.

2. How does the customer get cashback?

For cashback below INR 10,000

-- The customer shall be eligible for cashback in the form of ‘Cashback’ voucher(s) on successful Personal Loan disbursal. The voucher shall be sent only on the registered mobile number & email entered by the customer while applying for the Personal Loan on the Website

* No other mobile number or email ID shall be considered for sharing voucher details

For Cashback equal to or more than INR 10,000

- The Cashback would be paid through online transfer to the customer’s bank account

- Customers shall share their Pan Card, Cancelled Cheque with Paisabazaar to avail the applicable cashback under this Offer

- 30% TDS would be deductible on the Cashback amount equal to or more than INR 10,000

- Any communication under this Offer will be done by or at 1800 208 8877 or cashback@paisabazaar.com

3. When will customers get cash back?

The cashback would be given to the selected eligible Customers between 1st October 2021 to 31st October 2021 post confirmation received from the disbursal bank.

4. How will the amount for cashback and winners be decided?

1. The Customer who applied for Personal loan through the Website during the Eligibility Period and subsequent disbursal would be eligible for a guaranteed cashback during under the Offer in accordance with the Cashback slabs as mentioned.

2. For cashback amount for more than INR 1,000 and up to INR 5,00,000 the following process would be followed

- All the eligible customers would be a part of a “Luck Draw” to be held on 15th September 2021

- Winners would be decided by randomly selecting the eligible customers by way of Lucky Draw for cashback up to 100% of their loan amount (Upper Limit: INR 5,00,000)

- The lucky draw would happen live through webinar and recorded

PRELIMINARY TERMS & CONDITIONS

1.Minimum loan amount disbursed to be INR 1,00,000/- or above to be eligible for this Offer.

2. This offer (“Offer”) is being run on www.paisabazaar.com including Paisabazaar mobile application (collectively “Website”), which is owned and operated by Paisabazaar Marketing and Consulting Private Limited (“Paisabazaar”, “We” or “Our”).

3. By participating in this Offer, the user (“Customer”, “You” or “Your”) agrees to be bound by these terms and conditions (“T&C”); and shall also be governed by the Terms of Use, Privacy Policy as displayed on the Website. The terms and conditions as may be applicable on gift cards including Electronic Gift Vouchers, and other relevant documentation including any modifications, alterations or updates thereof, that are published on the Website.

4. *Amazon.in is not a sponsor of this Offer. Amazon Pay Gift Cards ("GCs") are issued by QwikCilver Solutions Private Limited (“QwikCilver”). GCs may be used only for the purchase of eligible products/services on Amazon.in or other partner sites. GC balances must be used within 1 year of the date of purchase/activation and any unspent balance shall expire in 1 year from the date of purchase. GCs cannot be transferred for value or redeemed for cash. QwikCilver, Amazon Seller Services Private Limited (“Amazon”) or their affiliates are not responsible if a GC is lost, stolen, destroyed or used without permission. To redeem your GC, visit www.amazon.in/addgiftcard. For complete terms and conditions, see www.amazon.in/giftcardtnc. All Amazon ®, ™ & © are IP of Amazon or its affiliates

5. All applicable terms and conditions of the individual loan disbursing banks/ NBFCs/ Fintechs.

6. To participate in the Offer, You must do/ fulfill the following:

a) The Customer shall be citizen of India and must be 18 years or above holding a valid PAN;
b) Apply for a Personal Loan on the Website and the Loan amount shall be disbursed by the respective bank/NBFC/ Fintech against customer’s application through the Website between 00:00:00 hours 26 th June, 2021 to 23:59:59 hours 31st August, 2021..

7.The participation in the Offer is voluntary and by participating, you are deemed to have read, understood and accepted these terms and conditions

8.These terms and conditions in anyway do not alter the terms and conditions that you may have agreed for availing a service offered by Paisabazaar. In case of a conflict between these terms and Terms of Use as displayed on the Website, the latter shall prevail to the extent of such conflict

9.You acknowledge and confirm that you are aware of the nature of telecommunications/ internet services and that an email transmission may not be received properly and may be read or be known to any unauthorized persons. You agree to assume and bear all the risks involved in respect of such errors and misunderstandings and Paisabazaar shall not be responsible in any manner.

10.By participating in this Offer, it would be deemed that you have given Paisabazaar /Paisabazaar partners your consent to contact You through call, SMS or email on the details provided by You for the purpose of this Offer and other Paisabazaar service offerings.

11.Electronic Gift Vouchers ’EGVs’ are not transferable. All the Terms and conditions for Gift Cards listed on www.amazon.in/giftcardtnc shall be applicable.

12. You are solely responsible for the safety and security of the EGVs. Paisabazaar/Loan disbursing bank/NBFC/Fintech is not responsible for any acts of omission or commission if the EGV is lost, stolen or used without permission.

GENERAL TERMS & CONDITIONS

1.This Offer is exclusive for Paisabazaar customers and is not sponsored by banks/NBFCs/Fintechs.

2.It is understood and agreed that by mere participation to the Offer doesn’t not entitle the participant to claim the benefits/ prizes under this Offer. The participant should be a selected/ declared winner by Paisabazaar in conformity with the terms herein, to claim the benefits/ prizes.

3. The Offer is open to only end consumers and not to resellers.

4. This Offer is applicable on all personal loans available on Website except preapproved and pre- qualified personal loan offers.

5. This offer is not applicable for the employees of Paisabazaar and any of its group companies.

6. The EGV shall not be settled with cash in lieu by Paisabazaar, and is not transferable.

7. Paisabazaar can update, change and modify these terms without prior notice along with any FAQs or guidelines that may have been issued pertaining to the Offer, at any time and in its sole discretion.You shall not hold Paisabazaar, its group entities, or affiliates, their respective directors, officers, employees, agents, vendors, responsible for or liable for, any actions, claims, demands, losses, damages, costs, charges and expenses for a claim to have suffered, sustained or incurred, or claims to suffer, sustain or incur, by way of and/or on account of various offers offered under the Offer.Paisabazaar may suspend or terminate the Offer or your ability to participate in this Offer at any time for any reason. We reserve the right to take strict administrative or legal action, termination of your participation in the Offer, if we notice any activity that we believe is including but not limited to abusive, fraudulent, any attempt to take unfair advantage of the Offer and/or is in violation of the these terms, Terms of Use, and Privacy Policy of the Website. We reserve the right to review and investigate all activities pertaining to your action with respect to Offer and/or modify the Offer in our sole discretion as deemed fair and appropriate to us.In matters relating to the Offer hereto, the decision of Paisabazaar will be final and binding in all respect

8. The Offer and the related EGV are subject to availability.

9. Paisabazaar does not guarantee the disbursal of Personal Loan in any manner whatsoever. The decision of the loan disbursing banks/NBFCs/Fintechs will be final and binding in this regard.

10. The Offer is non-transferable and non assignable.

11. The Offer shall be and is available in accordance with applicable laws and shall not be available wherever it is prohibited under law.

12. Any tax or other liabilities or charges payable to the government or any other statutory authority/body or any participating establishment, which may arise or accrue to the customer due to provision of the Offer, shall be to the sole account of the customer

13. Participants are not bound in any way to participate in this Offer. Any participation is voluntary and the Offer is being made purely on a best effort basis.

14. The Offer shall be subject to force majeure events and on occurrence of such an event, the Offer may be withdrawn at the discretion of Paisabazaar

15. Paisabazaar shall not be responsible for any loss, injury or any other liability arising due to participation by any person in this Offer.

16.You hereby agree to indemnify, defend and keep Paisabazaar harmless against all damages, liabilities, costs, expenses, claims, suits and proceedings (including reasonable attorney’s fee) that may be suffered by Paisabazaar as a consequence of:

(i) violation of terms of this T&C by You;

(ii) violation of applicable laws;

(iii) any action or inaction resulting in wilful misconduct or negligence on Your part.

17. This T&C shall be governed in accordance with the applicable laws in India. Courts in Gurugram (Haryana) shall have the exclusive jurisdiction to settle any dispute that may arise under this T&C. Any query regarding this Offer will be entertained only till October 31st, 2021. Post such date Paisabazaar will not entertain any correspondence or communication regarding this Offer from any persons.

18. By participating in this Offer, you are deemed to have read, understood and accepted these Terms and Conditions.

19.If any provision of these terms is found to be invalid or unenforceable by a court of competent jurisdiction, such provision shall be severed from the remainder of these terms, which will otherwise remain in full force and effect.

20.This document is an electronic record in terms of Information Technology Act, 2000 and the Rules there under as applicable and the amended provisions pertaining to electronic records in various statutes as amended by the Information Technology Act, 2000. This electronic record is generated by a computer system and does not require any physical or digital signatures

हिंदी में पढ़े
Updated: 09-07-2021 10:26:01 AM

Please Note: SBI is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

The State Bank of India (SBI) Mudra Loan refers to the loans offered to individuals and Micro, Small & Medium Enterprises (MSMEs) under the guidance of the Micro-Units Development and Refinance Agency (MUDRA). Under Mudra scheme, SBI offers funding support of up to Rs. 10 lakh to Small and Medium-sized Enterprises (SMEs) sector units. Mudra Loans from SBI are offered at competitive interest rates with Nil or low processing fees along with flexible EMI options.

 

SBI Mudra Loans can be used to meet various business requirements, such as purchasing raw materials, stock up inventory, meet working capital needs, buying plant and machinery, paying rent, business expansion and other business related purposes. SBI Mudra loans are offered to individuals, MSMEs, businesses and enterprises engaged only in the services, manufacturing and trading sectors.

SBI MUDRA Loan Interest Rate and Features – 2021

Interest Rate9.75% onwards
Loan AmountUp to Rs. 10 lakh
Eligibility CriteriaExisting and New Units
Processing Fee & ChargesNil for Shishu and Kishor to MSE Units

For Tarun: 0.50%of the loan amount + taxes

Pre-payment ChargesBetween 3 – 5 years (moratorium of up to 6 months) depending on the activity / income generation
MarginUp to Rs. 50,000 Nil and From Rs. 50,001 to Rs. 10 lakh is 10%
Residence StatusFor last 2 years, residing in same society
Collateral SecurityNil
NationalityIndian

Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

Check – Mudra Loan Interest Rate of All Banks

Best SME/MSME Loan offers are just a click away Apply Now

How to Apply for SBI e-Mudra Loan?

Existing customers sharing relationship with SBI in the form of Savings Account or Current Account (Individual) can apply for e-MUDRA loan of amount Up to Rs. 1,00,000 by visiting SBI e-mudra portal and following the below mentioned steps:

Step 1: Select Pradhan Mantri Mudra Yojana Application Form from the drop down menu.

Step 2: Visit the SBI official website https://emudra.sbi.co.in:8044/emudra and click on ‘Proceed’.

Step 3: Provide the required details like applicant’s Aadhar card for e-KYC purposes through UIDAI, as the e-KYC and e-sign needs to be completed through OTP authentication for loan processing and disbursement.

Step 4: Once the SBI formalities and loan process is completed, the applicant shall receive an SMS that will state to initiate further process by revisiting e-MUDRA portal.

Step 5: This process needs to be completed within 30 days after the receipt of SMS of loan sanction.

Note: The applicant needs to upload the document in JPEG, PDF or PNG format only, with a maximum file size of 2MB.

how to apply for e mudra loan

SBI e-MUDRA Loan Features & Eligibility

Features
  • Maximum loan amount offered is Rs. 1 lakh
  • Maximum repayment period is up to 5 years
  • Instant loan availability of Rs. 50,000 as per bank’s discretion
  • For loan amount above Rs. 50,000, applicant needs to visit SBI’ nearest bank branch for loan formalities
Eligibility Criteria

To avail a Mudra loan from SBI, you must meet the following eligibility criteria:

  • Applicant should be a micro entrepreneur with minimum age of 18 years and maximum up to 65 years
  • Must have maintained SBI’s current or savings account for at least 6 months
  • Indian citizen who has never been defaulted with any bank in past

Documents required for SBI e-Mudra Loan

To apply for a Mudra loan from SBI, you are required to submit the following documents, along with loan application form:

  • Duly filled application form with passport sized photographs
  • KYC documents of the applicant: Passport, Voter’s ID card, Aadhar card, Driving License, PAN card
  • Details of Savings/Current Account number and branch
  • Proof of Business (Name, Start date & Address)
  • UIDAI- Aadhar Number (should be updated in A/c Number)
  • Community details (General/ SC/ ST/ OBC/ Minority)
  • Other information for uploading like: GSTN & UDYOG Aadhar
  • Proof of Shop & Establishment and business registration
  • Any other document required by SBI

SBI Mudra Loan Eligibility

  • Applicant with minimum age of 18 years and maximum up to 65 years are eligible
  • Applicant must be engaged in a non-farm income generating activity, either in manufacturing or in the services sector
  • The applicant should be residing at the same location for at least 2 years
  • Applicant should not have defaulted on any loan availed earlier from any financial institution

Must Read: How to Apply for Mudra Loan Online?

     MUDRA Yojana Loan Amount
CategoryLoan Amount
ShishuUp to Rs. 50000
KishorRs. 50000 – Rs. 5 lakh
TarunRs. 5 lakh – Rs. 10 lakh

In addition to finance, MUDRA also offers credit guarantee for Mudra loans, acts as a technology enabler and provides developmental and promotional support. The funding support is offered through four avenues:

  • Through a Micro Credit Scheme (MCS) for loans up to Rs. 1 lakh, where the financing comes through micro finance institutions
  • Using a refinance scheme for Commercial Banks, Regional Rural Banks (RRBs) and Scheduled Co-operative Banks (SCBs)
  • Through women enterprise program
  • By securitization of loan portfolio 

The bank provides the SBI Mudra loan for working capital needs and as term loan to meet various business needs. The maximum amount of loan offered by SBI under Mudra Yojana is Rs. 10 lakh. Businesses engaged in manufacturing or provisions of services are eligible for a CGTMSE guarantee, though the same is not provided to businesses engaged in retail trade. The Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) guarantees the loans given under the Mudra scheme to eligible applicants up to a certain specific amount.

Get Business Loan for Startups at Lowest Interest Rates Apply Now

Documents Required for SBI Mudra Loan

The following documents have to be submitted for Shishu, Kishor or a Tarun loan scheme:

  • Duly filled application form with passport sized photographs
  • ID Proof: Passport, voter’s ID card, driving license, PAN Card, Aadhaar Card
  • Residence Proof: Recent telephone or electricity bill, Voter’s ID card, Aadhaar Card, Passport
  • Income Proof: Last 6 months’ bank statement
  • Proof of belonging to SC/ST, OBC or any minority group, if applicable
  • Any other document required by SBI

Also Read: Is there any Subsidy for a Mudra Loan?

Additional Benefits

Borrowers financed under Mudra loan are provided with RUPAY Debit Cards named as MUDRA Card for cash withdrawals & Point-of-Sale (POS) transactions under three loan categories, named as Shishu, Kishor & Tarun:

LimitShishuKishorTarun
Daily Cash Withdrawal Limits10,00015,00020,000
Daily POS Limit15,00025,00030,000

FAQs

Ques. Who can apply for an SBI Mudra loan?

Ans. Any micro or small business owner can apply for an SBI Mudra loan. The owners can be proprietors, partners or directors in the business.

Ques. How can I get a Rs. 50,000 loan from SBI?

Ans. You can either apply for direct loan from SBI or can avail Mudra/e-Mudra loan from SBI to avail loan amount up to Rs. 50,000.

Ques. What is the repayment timeline for an SBI Mudra loan?

Ans. The funds for working capital are payable on demand while that for term loans have a 3 to 5 years repayment tenure, including the moratorium period of up to 6 months.

Ques. Can people in urban areas apply for an SBI Mudra loan?

Ans. Yes. People in urban areas can apply for an SBI Mudra loan.

Ques. What is a Mudra Card?

Ans. Mudra Card is a debit card that can be used to withdraw money in portions from the total sanctioned loan. It shall be used as a debit-cum-ATM card to withdraw amount to make business purchases.

Ques. Is there any subsidy provided under Mudra loan scheme?

Ans. No, there is no subsidy provided under Mudra loan scheme.

Ques. What is the maximum loan amount offered under Mudra loan scheme?

Ans. The maximum loan amount offered under Mudra loan scheme is Rs. 10 lakh.

Ques. What is the processing time taken by banks in the Mudra loan application approval?

Ans. The Mudra loan processing time is approximately 7-10 working days for approval and disbursal from the date of loan application form submission. However, it varies from bank to bank and depends on loan amount, applicant’s profile and nature of business.

Ques. Under Mudra Scheme, is the overdraft facility of up to Rs 5000 covered?

Ans. Yes, Overdraft facility of amount Rs. 5000 sanctioned under Pradhan Mantri Jan Dhan Yojana (PMJDY) is covered under Mudra Loan.

Ques. How can I get/download SBI Mudra loan application form online?

Ans. To apply for SBI Mudra loan, the applicant needs to download the loan application form in pdf format from its official website or click here. The downloaded form needs to be duly filled and all the required documents are to be gathered and submitted at the nearest bank branch.

Ques. Does NBFCs also provide Mudra loans?

Ans. No, only banks are authorized to provide Mudra loans. Government of India does not provide permission to NBFCs to provide Mudra loans. However, they can provide MSME loans.

Ques. Who do I complain to, if the bank manager denies my MUDRA loan application form?

Ans. If you think your loan application has been rejected on false grounds, you can complain to the higher bank authority if your loan application is rejected. However, it depends on the sole discretion of the respective bank to accept or reject Mudra loan applications considering applicant’s creditworthiness, repayment history or financial stability.

Menu