This government bank is giving a loan of Rs 50,000 in just 3 minutes without any document.
State Bank of India, the country’s largest government bank, has come up with a great offer of loans up to Rs 50000 for small businesses. SBI will provide lodgement to small businessmen in just 3 minutes and that too without any documents or documents.
E-Mudra Loan will provide a loan of Rs 50,000 to small businessmen without visiting any SBI branch in the country. Mudra loans can be helpful for small and large self-employed and those who need immediate cash. Customers having savings account or current account in State Bank (SBI) can take e-Mudra loan up to Rs 50,000.
The best thing about e-Mudra loan is that you don’t need to go to a bank branch for it. For that you can apply online at home. SBI is providing e-Mudra loan up to Rs 50,000 in just 3 minutes to its customers without any documents.
E-Mudra loans are given only to small scale industries. For that one needs to have at least 6 months old current or savings account with SBI Bank. E-Mudra loan has a maximum tenure of 5 years. But if you want to take a loan of more than 50,000 rupees, then you have to go to the bank branch and complete the necessary process.
For that you have to provide documents and business details as well. In e-Mudra loan, small businessmen can take loan up to one lakh rupees. But it will require some documents.
To apply for an e-Mudra loan above 50 thousand rupees, you have to provide your savings account or current account number and branch details. Apart from this, it is also necessary to provide proof of any business or business you are doing.
Aadhaar number should be linked with your bank account. Apart from this, the GSTN number and business registration document along with the extent of the shop or business will also have to be shown to the bank. Caste proof letter also has to be provided if you come from reserved category.