MoneyMust Product Factsheet
Generated on 10/25/2026
Verified Financial Information
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SBI PM MUDRA Loan (Shishu/Kishore/Tarun)
Offered by SBI
The Verdict
The first stop for micro-enterprises needing collateral-free working capital.
Provider
SBI
MoneyMust Intelligence Score
Scored across value, trust, transparency, popularity and risk using 24+ verified data points.
See full breakdownInterest Rate
9% - 12%
Processing Fee
0.5%
Max Tenure
60 Months
Max Amount
₹10 L
Min. Income
₹0
Calculated using 24+ data points including fees, settlement ratios, and user sentiment.
Intelligence Engine
Trust & Stability
Verified institutional stability. SBI maintains a high Tier-1 capital ratio and positive regulatory track record.
Value Efficiency
Calculated return-on-fees ratio is in the top 15% of the loans category. Optimized for long-term growth.
Research Summary
This loan is most often researched by individuals with stable financial profiles who prioritize comprehensive features. Research pointer: compare this with 2-3 alternatives in the same category to understand the cost-benefit trade-offs yourself.
Key Benefits & Features
Collateral-free up to Rs 10 lakh
Government guarantee scheme
Pros
- Collateral-free up to Rs 10 lakh
- Government guarantee scheme
Cons
- Business vintage proof needed for higher slabs
Plan Your Repayment
Your Inputs
Monthly EMI
Principal
₹30 L
Interest
₹32.48 L
Total interest
₹32,48,327
Total payment
₹62,48,327
Note: These calculations are indicative based on the loan parameters. Actual EMIs may vary based on specific terms and underwriting.
Detailed Eligibility & Criteria
Criterion 1
Age: 21 - 65 years
Criterion 2
Employment: Salaried with min 2 years experience or Self-Employed with 3 years IT returns
Criterion 3
Credit Score: 750+ for best interest rates
Criterion 4
Stable residence for at least 1 year
Required Documents
Important Exclusions
Fees & Finance Charges
| Particulars | Charge Amount |
|---|---|
| Interest Rate (Floating/Fixed) | 9% - 12% |
| Processing Fee | 0.5% (Nil up to Rs 5 lakh) |
| Prepayment Charges | Nil prepayment charges |
| Processing Fee | Nil up to Rs 5 lakh |
Fees and charges are subject to revision by the institution. GST at 18% is applicable on all fees and interest components as per Govt. norms.Source: Verified by MoneyMust Research Team from official bank product disclosures (Aug 2026).
Educational Disclaimer
This page is intended for informational and educational purposes only. It is not financial, investment, insurance, legal or tax advice, and it is not an offer or solicitation to buy any product. MoneyMust is an independent research platform and is not an adviser, broker, distributor or agent. Verify current terms with the institution and consult a qualified professional before making a decision.
User Reviews & Experiences
Frequently asked questions about SBI PM MUDRA Loan (Shishu/Kishore/Tarun)
What does SBI PM MUDRA Loan (Shishu/Kishore/Tarun) cost?
Costs depend on the plan or variant you choose. The fee and rate details above summarise what SBI publishes; confirm the latest figures on the provider's official site.
Who is SBI PM MUDRA Loan (Shishu/Kishore/Tarun) suitable for?
The first stop for micro-enterprises needing collateral-free working capital.
Who offers SBI PM MUDRA Loan (Shishu/Kishore/Tarun)?
SBI PM MUDRA Loan (Shishu/Kishore/Tarun) is offered by SBI. MoneyMust is an independent research platform and does not sell or underwrite this product.
How should I compare SBI PM MUDRA Loan (Shishu/Kishore/Tarun) with alternatives?
Look at total cost, eligibility, key benefits and exclusions side by side. Use the comparison tool and the same-category alternatives listed on this page for a like-for-like view.