BOB Digital Mudra Loan 2025: If you’re an aspiring entrepreneur or a small business owner, the BOB Digital Mudra Loan 2025 could be the financial boost you need to grow your business. Offered by Bank of Baroda (BOB) under the Pradhan Mantri Mudra Yojana (PMMY), this digital loan facility enables micro and small enterprises to access funding without the need for extensive paperwork or collateral.
In this article, you’ll find complete information about eligibility, interest rates, online application process, benefits, required documents, and how to apply for the BOB e-Mudra Loan 2025.
What is BOB Digital Mudra Loan 2025?
The BOB Digital Mudra Loan is a type of loan offered to micro and small enterprises, self-employed individuals, and businesses engaged in manufacturing, trading, or services (including allied agricultural activities). It is provided under the MUDRA scheme, an initiative launched by the Government of India to empower small businesses with easy access to credit.
This facility is fully online and paperless, making it quick and user-friendly for applicants to apply via the BOB website or app.
Types of Mudra Loans under PMMY
BOB offers three categories of loans under the Mudra scheme:
- Shishu Loan – Up to ₹50,000
- Kishor Loan – ₹50,001 to ₹5,00,000
- Tarun Loan – ₹5,00,001 to ₹10,00,000
Depending on the stage and requirement of your business, you can apply under the suitable category.
Eligibility Criteria
To apply for a BOB Digital Mudra Loan, you must meet the following eligibility conditions:
- Applicant must be an Indian citizen.
- Business must be non-corporate, non-farm small/micro enterprise.
- Must have a valid Udyam Registration.
- Business must be involved in manufacturing, trade, services, or allied agriculture.
- Existing or new customers of Bank of Baroda can apply.
- Must have satisfactory credit history (if applicable).
Documents Required
Here are the documents needed to apply for the BOB Digital Mudra Loan:
- Aadhaar Card
- PAN Card
- Business Proof (Udyam Registration / GST certificate)
- Bank Statement (last 6 months)
- Passport-size Photograph
- Quotation of machinery or items to be purchased (if applicable)
- Address Proof (utility bill, voter ID, etc.)
All documents can be uploaded online while filling out the application.
Interest Rates and Charges
BOB offers competitive interest rates on its Mudra loans. Typically, the rate varies depending on the applicant’s profile and type of business.
- Interest Rate: Starts from 8.50% (subject to change)
- Processing Fee: Nil for Shishu category; nominal for others
- Prepayment Charges: Nil
The interest rate is calculated on a reducing balance basis, and no hidden charges are applicable.
Benefits of BOB e-Mudra Loan
- 100% Digital Process – Apply from home
- No Collateral Required
- Quick Disbursal of Funds
- Suitable for Startups & Small Businesses
- Flexible Repayment Options
- Government Subsidy and Interest Support (if eligible)
- Ideal for working capital and business expansion
How to Apply for BOB Digital Mudra Loan Online?
Visit: Go to bankofbaroda.in
Navigate: Click on Business Banking > MSME > Digital Mudra Loan
Apply: Click on “Apply Now” or use the BOB World app
Fill Form: Enter Aadhaar, PAN, business details, loan amount
Upload Docs: Submit scanned copies of required documents
Submit: Wait for verification – loan gets credited on approval
| Official Website | View |
Conclusion
The BOB Digital Mudra Loan 2025 is a golden opportunity for micro and small entrepreneurs to secure funding with minimal documentation and no collateral. With a fully online process and quick approval, it empowers individuals to start or expand their businesses with ease.
If you are looking to grow your small business or start a new venture, don’t miss out on this government-backed financial assistance from Bank of Baroda.