SBI E Mudra is a personal loan scheme offered by State Bank of India (SBI). It allows customers to avail loans at competitive interest rates without any collateral. The scheme was launched in April 2015.
Fill out the application form.
You can apply for a personal loan through the SBI E Mudra website. To do so, visit https://www.sbimudranew.com/loan-application/. On the home page, click on Apply Now. Then fill out the required details and submit them.
After submitting the application form, upload the following documents:
1) Passport size photograph (front & back).
2) Proof of identity such as PAN card, Voter ID, Driving License etc.
3) Bank statement showing last 6 months of income.
Pay the processing fee.
You will need to pay a processing fee of Rs. 500/- through Debit/Credit Card or Net Banking.
Receive approval within 24 hours.
We understand that getting a personal loan is not easy. That’s why we make it as simple as possible by providing you with instant decision making. Our team of experts will review your application and provide you with a decision within 24 hours.
Take advantage of the loan offer.
You can apply for a personal loan at any time. However, there are certain times when you might need to take advantage of the loan offer more than others. If you’re planning to buy a house, car, or other big ticket items, you’ll likely need access to funds right away. On the other hand, if you’re looking to pay off debt, save money for a vacation, or start a business, you might be able to wait until later in the year.