BOB Mudra Loan Apply: Hey buddy, do you also have a stubborn dream of starting your own business, but everything seems to be falling apart due to lack of money? Now stop worrying! Bank of Baroda has brought a “miraculous” offer of Mudra Loan, where you can get a loan of Rs 50 thousand to 10 lakhs sitting at home. Yes, you are hearing it right! So let’s know about the complete process of applying online for this loan and see how your dream is now going to turn into reality.
If you also have a bank account in Bank of Baroda and you suddenly need money for some work, then there is no need to panic now. You can easily apply for Mudra Loan from Bank of Baroda and make your dreams come true.
What is Mudra Loan and How to BOB Mudra Loan Apply?
Mudra Loan is a special loan scheme that provides loans to small and medium entrepreneurs at cheap rates. It was started by ‘Micro Units Development and Refinance Agency’ (MUDRA), which was launched by Prime Minister Narendra Modi in 2015. The scheme aims to provide financial assistance to small businesses so that they can increase their activities and contribute to employment generation.
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Key Features of Bank of Baroda Mudra Loan 2024
- Loan Amount: Rs 50 thousand to Rs 10 lakh.
- Purpose: For business expansion, starting a new business, or other economic activities.
- Low interest rate: The interest rate on the loan is so low that it will be a relief for your pocket.
- Easy installment payment: Paying in instalments is so simple that it will feel like a game to you.
- Simple documentation: The documentation is so easy that you can say “So easy!”
- Fast approval: The loan approval is so fast that your dream will turn into reality quickly.
- Contribute to job creation: By starting a new business, you can also create employment.
Documents required to apply for Bank of Baroda Mudra Loan
If you also want to apply online for Bank of Baroda Mudra Loan from your home, then you will need some important documents. These documents will help in completing your application process smoothly. Here is a list of documents that you have to keep ready:
- PAN card: It is required for your identity and income tax related information.
- Aadhaar card: It will serve as proof of your identity and address.
- Valid mobile number: It will be used to contact you during the loan process.
- Mobile number linked to Aadhaar card: OTP will be sent to the mobile number linked to your Aadhaar card, so this is also important.
- Netbanking: To confirm your bank’s previous transactions.
- Statement of last 6 months: Transaction history of your bank accounts.
- Video e-KYC: It is based on video call for the validity and identity of your documents.
By completing all the above documents, you can easily apply for BOB Mudra Loan. Keep all the documents ready and complete the application process without any hassle. What are you waiting for? Get your documents ready and apply for Bank of Baroda Mudra Loan from the comfort of your home!
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How You Can Apply for BOI Mudra Loan 2024?
Follow the steps below and complete your custom loan application without breaking a sweat. And yes, the official link is also in the table below—not hidden at all!
Step 1: Visit the Website
First, visit the official website of Bank of Baroda. The link is in the table below—no need to double click, just click once.
Step 2: Find the Loans option
After visiting the website, you will find the option “Loans” in the top tabs. Find it and click—note, this option is not lost somewhere.
Step 3: Click on Baroda Digital Personal Loan
In the list of “Personal Loans”, you will see the option “Baroda Digital Personal Loan”. Click on it—there is no way to go wrong!
Step 4: Click on Apply Online
Now you will see the option “Apply Online”. Click on it—yes, exactly what you were looking for earlier.
Step 5: Read the information and Proceed
A new page will open with the information about Mudra Loan. Read it and scroll down and click on “Proceed”—see how easily you can proceed.
Step 6: The OTP Game
Now you have to enter the mobile number linked to your Bank of Baroda and click on “Submit OTP”—yes, the same OTP that will come on your phone!
Step 7: Fill the form and do video KYC
The application form will open. Fill in all the details correctly, complete the video KYC and submit the application—it’s that simple!
Final Step: Verify and Receive Loan Amount
Your application will be verified by the bank and the loan amount will be sent to your bank—now the wait is for your tea.
Now you know how to apply for Bank of Baroda Mudra Loan online. If you face any issues or have any questions, let us know in the comments section below—we are here to help!
