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Features of SBI E MUDRA loan by SBI 50000, with rate of interest being a minimum of 1% per month or 12% per annum. Repayment period of 1-5 years. Kishore - Loans from Rs. 50001 up to Rs.
MUDRA loans are available in three categories. For small business, loans upto 50000/- /- is available under the Shishu category and beyond 50,000 and up to 5 lakh under the Kishor category. It also offers loans beyond 5 lakh and up to 10 lakh under the Tarun category.
Documents Required Valid photo identity proof. Current address proof. Proof of income - Latest ITR Financial Docs of Income. Last 6 months Bank statement. Loan application form. Ownership proof of residence/office. Proof of continuity of business. Trade references.
The scheme offers a sanction that ranges from Rs. 50,000 to Rs. 5 lakh. The interest rate ranges from 8.60% and is based on the schemes guidelines and your credit history.