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|
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.
Your personal loan limit would be determined by your income and repayment capacity.
- 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
Important documents to be furnished while opening a Personal Loan Account:
- For existing bank customers(only) Passport size photograph
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 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
Submit your review
I want business loan 500000lac which procedure
I want to take business loan for starting a coaching center.
What is the procedure?
Nice Service SBI group.
Loan required, what the procedure.
How much premium for collateral security for Rs 40 lakhs loan
Business loan required can i get it.
I am Graduate and have shop in my own place, to growth my business I want a loan against my land property
I am a pensioner of Rs.10,000/-(Ten thousand)monthly pension. How much business loan I may get in minimum EMI? Kindly send detail information.
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
I am samll business man my itr file 2010to2017,but no seurtey by loan 550000lakh three years EMI loan complet no problem help you
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.
sir ihave b.come taxation oi want to loan business purpose but have no security so may take loan
Sir I have bachelor degree....
I want loan for business
Purposes but I have no security so
May I take loan
Sir i have a bachelor deegere..
I want loan for businesses purposes but i hv no security so
May i take loan
I want loan for building apartment.
I am student of MCA year 1.Am i eligible for
that?please send me answer.
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
Mujhe loan chahiye, kitna milega
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.