SBI MUDRA Loan – Kishore
About This Loan
SBI MUDRA Kishore loan caters to entrepreneurs who have established their business and need funds for expansion. Loans range from ₹50,001 to ₹5 lakh covering working capital and term loan needs. No collateral required.
Maximum Amount
₹5,00,000
Interest Rate
10.25% – 13% p.a. (varies by profile)
Tenure
Up to 5 years (term loan), 12 months renewable (working capital)
Collateral
Nil
Processing Fee
0.50% of loan amount
Eligibility
Existing small business with 1+ year track record; satisfactory banking history; viable expansion plan.
Application Process
- 1Visit SBI branch with business documents
- 2Apply online through SBI YONO or onlinesbi.sbi
- 3Submit expansion plan and financial documents
- 4Branch inspects the business and evaluates viability
- 5Loan sanctioned within 14-21 working days
Documents Required
- MUDRA loan application form
- Identity and address proof
- Business registration / Udyam certificate
- Last 6 months bank statements
- Business plan for expansion
- Quotation of machinery/raw materials
- Income tax returns (if filed)
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.