SBI Business Loan | Interest Rates Sept 2017 | Documents | Information

SBI Business Loans ✓ Get Details on Documents ✓ Interest Rates ✓ EMI ✓ Processing Charges on SBI Business loans Online.

Interest Rate 11.20% – 16.30%
Lowest EMI Rs. 2,594 per lakh
Tenure 1 Year to 4 Years
Loan Amount Min Rs. 500,000 and Max Rs. 1,000,000,000
Part Prepayment Charges Nil Prepayment Charges after 6 EMI’s
Early Foreclosure Charges Nil Prepayment Charges after 6 EMI’s

Apply Business Loan

Loan Amount

SBI Advantage on Business Loans:

  • Low interest rates. Further, SBI will charge interest on a daily reducing balance!
  • Low processing charges; only 2%-3% of loan amount
  • No hidden costs or administrative charges.
  • No security required ……which means minimal documentation…something that you had always wanted.
  • No prepayment penalties. Reduce your interest burden and optimally utilize your surplus funds by prepaying the loan (1% of the loan amount will be charged if you repay the loan before 6 months)
  • Long repayment period of up to 48 months.

The loan will be granted for any legitimate purpose whatsoever (e.g. expenses for domestic or foreign travel, medical treatment of self or a family member, meeting any financial liability, such as marriage of son/daughter, defraying educational expenses of wards, meeting margins for purchase of assets etc.)


You are eligible if you are a Salaried individual,  self employed engineer, doctor, architect, chartered accountant, or a  MBA with minimum 2 years experience.

Loan Amount
Your personal loan limit would be determined by your income and repayment capacity.
Minimum  :

  • Rs.24,000/- is offered in metros and urban centres.
  • Rs.10,000/- in rural/semi-urban centres

Maximum : 12 times Net Monthly Income for salaried individuals and pensioners  subject to a ceiling of Rs.10 lacs in all centres

Documents Required:

Important documents to be furnished while opening a Personal Loan Account:

  • For existing bank customers(only) Passport size photograph

Repayment  Options:
The loan is repayable in 48 EMI. You are allowed to pay more than the EMI if you wish to, without attracting any prepayment penalty.

Security – NIL

Processing Fee
Processing charges are 2-3% of the loan amount. This is amongst the lowest fees in the industry. Processing fees have to be paid upfront. There are no hidden costs or other administrative charges.

Source: State Bank of India Official Website

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 1 reviews
by G.Acharaya on SBI Business Loan

Nice experience as per govt bank. Loan approved within 5 days of application and get in my account on 6 days itself. great to see govt banks do the work faster.

3 thoughts on “SBI Business Loan | Interest Rates Sept 2017 | Documents | Information

  • April 26, 2017 at 9:57 am

    mujhe 3.5lakh ki loan chahiye business karne ke liye, mera abhi koi income nehi hai iske liye mujhe keya karna hoga. please helpme.

  • May 10, 2017 at 12:14 pm

    My business loan application got rejected by SBI, but thanks to Lendingkart Group for quick loan disburse with minimum documentation.

  • June 14, 2017 at 11:51 pm

    Amar 5Lakh takar loan chai kintu amar akhon kono bisiness nei taile ami akhon ki korbo please help me


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