SBI Business Loan | Interest Rates Nov 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.

Purpose
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.)

Eligibility

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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 10 reviews
by Ranjan kumar on SBI Business Loan
Loan for New Shop

Sir, i am 10+2 qualified i want to a start a new clothe shop in our home town
I have a land with house for security

by Debabrata GIRI on SBI Business Loan
Samll business loan

I am samll business man my itr file 2010to2017,but no seurtey by loan 550000lakh three years EMI loan complet no problem help you

by Shubham mishra on SBI Business Loan
Business loan

Sir, I hve qualified +2 and i want to start a business but i've no security so how can i take loan by my documents.

by nazeersk on SBI Business Loan
nskktkl2015@gmail.com

sir ihave b.come taxation oi want to loan business purpose but have no security so may take loan

by AJAY YADAV on SBI Business Loan
Business loan

Sir I have bachelor degree....
I want loan for business
Purposes but I have no security so
May I take loan

by sachin Vishwakarma on SBI Business Loan
loan

Sir i have a bachelor deegere..
I want loan for businesses purposes but i hv no security so
May i take loan

by Kajal kumari on SBI Business Loan
Loan for building apartment

I want loan for building apartment.
I am student of MCA year 1.Am i eligible for
that?please send me answer.

by Debashis ganguly on SBI Business Loan
It is may please compled as early as possible

I am diploma engineer from jadavpur polythechnic kol-32
I am started a drawing & designe office the associats. We are three engineers and two staffs .
Your credit card help me to bye a desck. Top auto cad cumputer bye
To start the company M/S Alliance Consultant for building drawing.at naktala. Kolkata -47 ph -983184xxxx

by Vipin jain on SBI Business Loan
Give me a loan

Mujhe loan chahiye, kitna milega

by G.Acharaya on SBI Business Loan
Superb

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 Nov 2017 | Documents | Information

  • April 26, 2017 at 9:57 am
    Permalink

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

    Reply
  • May 10, 2017 at 12:14 pm
    Permalink

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

    Reply
  • June 14, 2017 at 11:51 pm
    Permalink

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

    Reply

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