What is e-mudra loan?
e-mudra loan is an online Mudra loan scheme which is running by State Bank of India. Under that scheme you can apply Mudra Loan Online via State Bank of India Official e mudra website.
Know e mudra procedure in English | Hindi/हिंदी
What is a procedure to apply e mudra?
There is not standard procedure to apply e mudra loan. Any Indian citizen can apply for mudra loan online.
Which documents require for it?
For e mudra application you require your Aadhaar Card which should be linked with your state bank of India account and your existing phone number where you will get OTP.
Age of applicant in e mudra scheme?
There is no age limit to apply e mdura loan. Anyone can apply e-mudra with valid documents.
Is e mudra available offline?
Yes, e mudra loan is also available offline via SBI branches. You can apply e mudra at any branch of State bank of India, SBI.
How can apply SBI e mudra?
SBI has provided a facility to apply e mudra loan website via SBI official e mudra website or mudrabank.com and you can visit at nearest SBI branch to apply e mudra loan offline.
We suggest you to read all terms & condition before apply. Click here to read all instructions.
What is the Interest rate of e mudra loan?
The standard MSME loan rate is applicable on e mudra loan. It is fluctuate according to market. Currently 11.50% applicable on e mudra scheme.
How can I calculate the interest rate of e mudra loan?
SBI has launched an interest calculator online to check the interest rate and EMI. Pls click here to know interest rate and EMI.
Please note that the Interest & EMI may vary according to interest rate because it is floating. Click here to calculate EMI & Interest.
What is the repayment period of mudra loan?
- WC/TL: in 3 – 5 yrs including a moratorium of upto 6 months depending on the activity/ income generation.
- Review of WC/TL to be done annually.
How much margin money require for e mudra?
State Bank of India, SBI require 0% margin money up to 50,000 loan (Shishu Category) and above 50,001 to 10, 00,000 (Kishore & Tarun scheme) they require minimum 10% as margin money.
How much SBI is charging processing fee for e mudra/ mudra loan?
In e mudra scheme state bank of India is not charging any processing fee under Shishu and Kishore category but under Tarun from 5,00,001 to 10,00,000 they are charging 0.50% + tax as processing charges.
To know procedure in English | Hindi/हिंदी
What is E Mudra loan approval time?
Under e mudra scheme the SBI releasing instant money under e-mudra Shishu category and under Tarun & Kishore it takes up to 60 days to clear.
How much banks are offering e mudra loan?
Only SBI is offering e mudra loan online and other banks have a facility to apply mudra loan online but they are collecting the data and calling offline for mudra loan. Click here to get list of banks offering online mudra loan.
Where can I compliant or contact for e-mudra?
e-mudra is available for all Indian citizens and if you feel that bank is harassing or asking something to clear Mudra loan.
You can directly file an complaint to Grievance department of concern bank, Financial inclusion team of GOI, Public Grievance portal of PMO or write us on pg (at) janpaksh.com.
We will forward your complaint to concern officials for immediate action. The all facility are free.
Please note that the entire process is free and if someone asks to pay money, please report to concern authority or us. You can register your complaint at bank’s portal. Click here to get link of PG portal of all banks.