State Bank Of India E Mudra Loan How To Apply

State Bank Of India E Mudra Loan How To Apply

E Mudra Loan Instruction

Follow the e mudra loan instructions

You can apply for an e Mudra loan of up to Rs.50,000 / – under this channel

  • The loan application will be a single screen with relevant questions that you need to complete immediately or select from the drop-down menu provided.
  • Make sure you go through all the steps and complete the application at the same time so that you have trouble-free information and quick approval.
  • The e-Mudra system is currently available to existing customers with SBI Savings / Current Account Number other than account type categories such as Company Salary / Security Packages, NRI, Staff and Agri. Please make sure you have your correct account number when using this application.
  • The length of the deposit account relationship should be 6 months or more.
  • The age of the borrower must be between 18 and 60 years.
  • Aadhaar Number (optional): Aadhaar number is required to create an e-KYC instant application. You must tick the check box to share Aadhaar e-KYC. OTP is sung on your Aadhaar mobile phone number, which you need to enter in the application to complete the e-KYC process.
  • If you do not wish to provide your Aadhaar details, your loan application will be processed in person at our branch.
  • Documents to be uploaded (Optional): Scanned copy / Photo of any of the following: (a) Store and Establishment Certificate, (b) GST Registration Certificate, (c) Dyog Aadhaar, (d) or any other business registration certificate. Document size should not exceed 2MB and the format should be PDF, JPEG or PNG only.
  • Business name, business start date and business address: Business details need to be provided with an entry form wherever requested. This information will later be used by the SBI team to verify your business address.
  • Public and religious information: We need this data from SBI as part of their credit policy. Public Information – General / SC / ST / OBC / Less.
  • Sales details: Please keep track of sales revenue figures, account details where the proceeds from the sale are deposited (Account number, Bank name and branch).
  • E-Sign: You are required to accept online SBI Terms and Conditions in Mudra by providing your Aadhaar number. You must tick the check box to share Aadhaar for e-Sign purpose. OTP is sung to your mobile number connected to Aadhaar, which you need to enter in the app to complete the e-Sign process.

These are simple and authoritative ways to get an e-mudra loan. If you follow all the instructions of the e mudra loan, the chances of the loan approval will be doubled and the bank should consider it because of your hard work.

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