Apply BOB Mudra Loan Online 2024: The employment level is continuously decreasing due to the lack of job opportunities in the country. However, the government is promoting self-employment opportunities among youth to start a new business with the help of financial assistance and skill training. So if you are also planning to start a small business and looking a financial help then you can check this article, where we will share with you the latest scheme of the Central Government of Bank of Baroda Mudra loan. The mudra loan is provided to the eligible candidates for the maximum amount of 10 lakh. You can check the Apply BOB Mudra Loan Online 2024 eligibility criteria, interest rates, application procedure, monthly EMI, and other details in this article.
Mudra loan is a Central Government scheme promoted by multiple participating banks including Bank of Baroda which is one of the biggest banks in India. Mudra loan is divided into three categories including Shishu mudra loan for a maximum of 50000 rupees, Kishor mudra loan of rs 5 lakh rupees maximum, and Tarun mudra loan for rs 10 lakh. The loan is provided to individuals who want to start micro, small, and medium enterprises- MSMEs. Apart from this company is also offering another loan online mode to eligible customers in Bank of Baroda. So you can get an instant mudra loan in Bob without visiting the branch online mode but before applying for the loan you should check the eligibility criteria.
Apply BOB Mudra Loan Online 2024 eligibility
- Only Indian citizens who are regular customers of Bank of Baroda are eligible to apply for mudra loan through online mode
- Applicant should have a valid email id and mobile number which should be linked with Aadhar card pan card and bank account of the applicant.
- You should have GST number of your business
- The business of the applicant should already registered with government portal. If you do not registered your business till yet then you can apply it free of cost on the official website of udyam portal.
- Apart from this you should have at least 6 months bank statement of your business account which is link with your business.
- If you are engaged with any other loan scheme then you should provide details accordingly.
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Application procedure in Bank of Baroda mudra loan
Mudra loan available shuru online as well as offline mode in Bank of Baroda where you need to visit the nearest branch to get the maximum 10 lakh rs mudra loan. But if you are looking a little amount to start or upgrade your business then you can switch over to the E mudra loan where you can apply through online mode by following this procedure:
- Visit to the official website of Bank of Baroda and search the e mudra loan section
- After that you will reach on the new page where you can read features and other important details of Bank of Baroda digital mudra loan and after that click on apply now link according to the above image.
- Now you will reach on the new page of Jan samth portal and you have to click on business loan schemes where you will get the link of digital mudra loan.
- After that create your user id and password by providing your personal details and after that fill the application form where you have to provide your personal details, bank account information, IFSC code, business registration details, loan amount etc
- Prepare the EMI to repay the loan amount
- After that you have to upload the relevant documents on the portal and click on the submit link
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Once you apply to the portal you will receive notification on your mobile number and email id which you have provided and can track your application status from the application number accordingly. Company will contact you to confirm your application and personal verification through telephonic round and after that you will receive the loan amount in your bank account after detection of other charges such as processing fees, GST etc.