new Delhi. Small and middle-class businessmen will no longer have to face the economic difficulties at the beginning of the loan. Because through SBI e-Mudra you can get maximum loan of up to one lakh. With this, you will be able to spend on modernization, buying machinery, expanding business and other necessities. The special feature of this scheme is that for this you will have to pay a very low processing fee. Also, the loan will also be made available at a cheaper rate.
Another feature of the scheme is that you can take a loan of up to 50 thousand rupees without any hassle in it. You will not even need to go to the bank for this. You can apply for this from home. The applicant must be a small entrepreneur to take a loan. Also, he should have a current or savings account of at least 6 months old in SBI.
What is e-Mudra loan
E-Mudra loan means Micro Units Development and Refinance Agency. Under this, loans are provided to the people of micro, small and medium enterprise (MSME) category at a cheap interest rate through the bank. If you have a savings or current account with SBI, you can avail this facility. It does not even require documents for loans up to 50 thousand rupees. Because the loan is passed on the basis of your documents recorded in the bank records. For application, you can apply online from home.
Important things related to loan
1. To apply for SBI e-Mudra loan, you must be a small entrepreneur. Also, you must have a current or current account with SBI. Which is at least six months old.
2.Lon can be taken for a maximum period of five years. In this, you will get a loan of 50 thousand rupees sitting at home. In this, maximum you can take a loan of up to one lakh rupees, although for this you will have to go to the branch.
3. You can apply for a loan by visiting the E-Mudra portal. On passing the loan from the bank, a message will be sent to your mobile number.
Loan process
If you want to take a loan of up to one lakh, then you have to contact your nearest branch branch. Here you will get your SBI Saving Account or current account number, branch detail, passbook, certificate of any business or business you run, Aadhaar card, caste certificate, GSTN number and industry Aadhaar number or proof of shop or unit- Photocopies of letters etc. have to be submitted. Also, one has to fill the form related to e-Mudra loan.
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