SBI MUDRA Loan – Kishore
About This Loan
SBI MUDRA Kishore loan caters to entrepreneurs who have established their business and need funds for expansion, equipment purchase, or increased working capital. Loans range from 50,001 to 5 lakh rupees covering both working capital and term loan needs, with repayment tenure up to 5 years. No collateral is required, and the loan is typically available to businesses with at least one year of operational track record. SBI processes Kishore MUDRA loans within 14 to 21 working days after complete documentation, and the loan is accessible through any SBI branch across India as well as the SBI YONO app.
Maximum Amount
₹5,00,000
Interest Rate
10.25% – 13% p.a. (varies by profile)
Tenure
Up to 5 years (term loan), 12 months renewable (working capital)
Collateral
Nil
Processing Fee
0.50% of loan amount
Eligibility
Existing small business with 1+ year track record; satisfactory banking history; viable expansion plan.
Application Process
- 1Visit SBI branch with business documents
- 2Apply online through SBI YONO or onlinesbi.sbi
- 3Submit expansion plan and financial documents
- 4Branch inspects the business and evaluates viability
- 5Loan sanctioned within 14-21 working days
Documents Required
- MUDRA loan application form
- Identity and address proof
- Business registration / Udyam certificate
- Last 6 months bank statements
- Business plan for expansion
- Quotation of machinery/raw materials
- Income tax returns (if filed)
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.