SBI Business Loans ✓ Get Details on Documents ✓ Interest Rates ✓ SBI Business Loan EMI Calculator ✓ 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.
Other Products from SBI (State bank of India)
- SBI Personal Loan
- SBI Home Loan
- SBI Car Loan
- SBI Credit Card
- SBI Property Loan
- SBI Two Wheeler Loan
- SBI Education Loan
- SBI Fixed Deposit Rates
- SBI Gold Loan
Source: State Bank of India Official Website
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I want loan for startup business for Footwear whole sale. I want to 700000 rs. For startup business. I'm student.
Business loan required.
Dear sir i need of 500000 loan required for marketing of medicine so what
Is proceeds for this
I want loan for business startup for call center in lucknow. I am Ashutosh kumar sharma. I am a student and I want to start it right now.i want atleast 1 crore for my business. So give me full information regarding this. My contact number is
I want to open my own photo studio.
What is the procedure a getting loan
Worth rs. 10,00,000
I need loan
5 lakh of loan amount required,
I want to Start a Hardware store,what is the procedure for Getting a loan worth Rs 5,00,000
Business loan required.
I need loan agri seeds business.
Business loan required
Gd mrng dear sir/mam, as im going to starta primary school. Whats the procedure to get a loan of rs. 50,00,000?
I am running a hair and beauty academy since last one year and i need a loan for it. I want business loan how can I get it please help
i need the 10 Lacks Loan for New Start up Business of Excavator Spare parts shop in Gandhidham (Gujrat)
Business loan required, how can i get
I want Loan for car parlour
Sir I am science graduate and doing job as quality control manager in a pharma concern. I have more than 10 years of experience. Now I want to. start my own pharma marketing company. I am drawing 30,000 /- as salary.
For this business I need 10lacs.i have no other security to pledge .
Please help me to get the loan
I am looking for large business loan for my business.
Sir i want working capital lone my business
is corrugated boxes manifest industry plz
Support lone Amount Ten Lakh
I want a small loan for my beauty beauty parlour and Home service.
i want to open a wine shop with valid licence of West Bengal Govt and I have needed 1000000/-(Ten Lakh) for this, so please give me business lone amount 1000000/-(Ten Lakh)
I would like to start a business in kerala. I would like to get a loan. But i want to know what are the exact details required for this loan and how much loan i can avail to start a new business.
Plz sir madam i want loan, can i get loan amount of 50 lakh against 5 lakh ITR.
Sir/madam I WANT TO OPEN FOR A NEW MEDICAL SHOP IN MY VILLAGE PLEASE SUGGEST FOR LOAN ACCORDING TO THE PHARMA SECTOR.
Rajesh Kumar Sahu, required loan for starting new business.
Sir I'm an nri I need business loan 50 lakhs.
Iam small business man i want to 200000 two lakhs loan sir please sir i am poor man
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.