SBI e-Mudra Loan (Instant Digital)
About This Loan
SBI e-Mudra is an instant digital MUDRA loan available through the SBI YONO app, designed for existing SBI customers who need quick small-ticket working capital. Get up to 1 lakh rupees sanctioned in minutes without visiting a branch, with the loan amount credited to your SBI account instantly after digital verification. Pre-approved for eligible SBI account holders based on transaction history, CIBIL score (typically 700+), and account stability. The completely paperless process uses Aadhaar-based e-KYC and OTP verification, eliminating physical documentation entirely. This product suits small shop owners, street vendors, and home-based businesses that already maintain SBI accounts and need emergency working capital without the friction of branch visits.
Maximum Amount
₹1,00,000
Interest Rate
9.75% – 11.15% p.a.
Tenure
Up to 5 years
Collateral
Nil
Processing Fee
Nil
Eligibility
Existing SBI savings/current account holder; CIBIL score 700+; age 18-65 years; non-agricultural business activity.
Application Process
- 1Open SBI YONO app and login
- 2Navigate to Loans > e-Mudra
- 3Check eligibility and pre-approved amount
- 4Accept terms and complete OTP verification
- 5Loan disbursed to account instantly (within 10 minutes)
Documents Required
- No documents required, fully digital
- Pre-approved based on existing SBI banking relationship
- Aadhaar-linked mobile number for OTP verification
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.