New Delhi. If you have lost your job due to corona virus and now you want to do some small self-employment and you need money immediately, then Mudra loan can help you. Those who have a savings account or current account with State Bank (SBI), can take an e-Mudra loan of up to Rs 50,000 from SBI. The best thing about e-MUDRA loan is that you do not need to go to the bank branch for this. For this, 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 without any document.
Let us tell you that e-Mudra loans are given only to small entrepreneurs. For this, you must have a current or savings account at least 6 months old in SBI Bank. The maximum duration of an E-Mudra loan is 5 years. But if you want to take a loan of more than Rs 50,000, then for this you will have to go to the bank branch and complete the necessary procedures. For this, you will also have to provide documents and details of business.
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