BOB E Mudra Loan Online: The Bank of Baroda is promoting their customers to establish a new business through Bank of Baroda E Mudra loan. If you are also running or going to start a new startup or business then you should also require money. if you are a customer of Bank of Baroda then you will get the benefit of asking for up to 50000 rupees loan under the Bank of Baroda E Mudra loan through online mode. However, the bank is providing a maximum 10 lakh loan under BOB E Mudra Loan Online scheme. So if you are also looking for E Mudra Loan then you can read this article where you can learn about the Bob Mudra loan eligibility, Important documents and application procedure in this article.
BOB E Mudra Loan Online
Bank of Baroda is one of the largest centralized banks which is providing banking facilities to their customers across India. The Government of India has started the Pradhan Mantri Mudra loan scheme to provide financial assistance to MSMEs in India. The Bank of Baroda is also providing Mudra loans online mode where you can take up to 50000 rupees instant loan to start your business under BOB E Mudra Loan Online scheme. The loan is very helpful for small business owners because you do not need to submit any security for Bob Mudra loan. there is no hidden charges including processing fees and other fees for Mudra loan under Bank of Baroda.
Eligibility criteria for BOB E Mudra loan
You need to follow the following eligibility criteria for applying Bank of Baroda e Mudra loan scheme 2023 online mode:
- The applicant should be a resident of India
- Your age should be more than 18 years old
- Your bank account should be opened in the Bank of Baroda
- The applicant should not be a defaulter of any other bank otherwise you will not get the loan amount
- It is also important that the Bank of Baroda is providing Mudra loans only for those applicants who want money to upscale or start their business. you cannot use a Mudra loan for your personal uses.
- Any citizen who is running a small business including a fruit and vegetable vendor, tractor operator, cab driver, Taxi Driver, Dairy farmer, small manufacturing units, and other small businesses that are under MSMEs can apply for a Bank of Baroda Mudra loan through online mode.
BOB MUDRA Loan 2023 : 3 मिनट में 10 लाख का लोन, ऐसे करे आवेदन
Documents for BOB e Mudra loan
- The applicant should have a government identity card ( you can show your Aadhar card/PAN card/ ration card/ passport/ and another relevant document)
- The address proof of the applicant
- the proof of your business
- You should have a plan to use this money for your business.
- GST number
- Passport size photograph
Apply online for BOB e Mudra loan 2023
- First of all visit to the official website of Bank of Baroda. you can also click on this link. https://www.bankofbaroda.in/
- After that, you will reach a new page where you have to click on the link for Business.
- Now you have to click on the link MSME and find the Digital Mudra loan section on the website.
- Click on the link for Digital Mudra loans up to 50,000 for online.
- Now you will reach a new page. Enter your personal details including your name, mobile number, and other information on the website, and click on the next button.
- The system will generate an OTP message in your mobile phone you have to enter the message on the website and proceed
- Enter the business details and loan amount and select the EMI type to repay your loan
Once you submit all the details you have to click on the submit button. company will verify your application and allow you the loan amount if you are eligible to get Bank of Baroda Digital Mudra loan. You can select the EMI according to your budget and you will get a chance to fill your EMI from 12 months to 84 months.
However, if you want more than 50000 rupees under Mudra loan scheme then you have to contact your nearest branch of the Bank of Baroda and apply through physical mode. You can apply for a Kishore Mudra loan where you will get up to 5 lakh rupees loan and you can also apply for Tarun Mudra loan where you will get maximum 10 lakh under Bank of Baroda Mudra loan scheme.