Hurry up! SBI is giving a loan of 50 thousand rupees in 3 minutes without documents, you can also avail the benefit in this way

Hurry up! SBI is giving a loan of 50 thousand rupees in 3 minutes without documents, you can also avail the benefit in this way.

Mudra loans can be a great help for you if you want to start a small and big business and you need money right away. People who have a savings account or current account with State Bank can take e-currency loan up to Rs 50,000 from SBI.

The best thing about e-MUDRA loans is that you do not have to go to a bank branch. You can apply online from home. SBI is offering e-MUDRA loans of up to Rs 50,000 to its customers in just 3 minutes of any type of document.

Small traders can take loans up to Rs 1 lakh

Let me tell you, e-MUDRA Loan is given only to small entrepreneurs. For that you need to have at least 6 months old or savings account in SBI Bank. The maximum term of e-MUDRA Loan is 5 years, but if you want to take a loan of more than Rs 50,000, you can go to a bank branch and complete the necessary procedures.

 For that you will also have to provide documents and business information. Under e-MUDRA Loan, small traders can take a loan of up to Rs 1 lakh, but there will be no need for these documents.

Keep these documents ready

Before applying for an e-Mudra loan over Rs 50,000, prepare your savings account or current account number and branch branch details. Apart from that, a certificate of whatever business you run is also required. 

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Apart from that the bank has to show the GSTN number and business registration document along with the proof of shop or business. Apart from this, if you come from the reserved category, keep the caste certificate ready.