SBI MUDRA Loan – Tarun
About This Loan
SBI MUDRA Tarun is the highest tier under MUDRA, providing 5,00,001 to 10,00,000 rupees for well-established micro enterprises needing significant capital for expansion, new equipment purchase, additional working capital, or scaling operations. The loan is available to businesses with at least 2 years of track record, minimum 5 lakh turnover, and good credit history. CGTMSE guarantee covers collateral-free lending at this tier. Tarun loans suit businesses that have outgrown their initial operations and need substantial capital to hire more employees, invest in production equipment, or expand to new geographies. Repayment tenure is up to 5 years, with processing time of 21 to 30 working days.
Maximum Amount
₹10,00,000
Interest Rate
10.25% – 14% p.a. (varies by profile and rating)
Tenure
Up to 5 years (term loan), 12 months renewable (working capital)
Collateral
Nil (CGTMSE guarantee available)
Processing Fee
0.50% of loan amount + applicable GST
Eligibility
Existing business with 2+ years track record; turnover of at least ₹5 lakh; good credit history; viable growth plan.
Application Process
- 1Apply at SBI branch or online portal
- 2Submit comprehensive financial documents and project report
- 3Branch conducts site visit and financial assessment
- 4Loan appraised by branch/regional office
- 5Sanctioned within 21-30 working days
Documents Required
- MUDRA loan application form
- Identity and address proof
- Udyam Registration certificate
- Last 12 months bank statements
- Last 2 years ITR with computation
- Balance sheet and P&L statement
- Detailed project report for expansion
- Quotations for assets to be purchased
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.