SBI Business Loan – Interest Rates December 2018, EMI Eligibility Calculator

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

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.

Other Products from SBI (State bank of India)

  1. SBI Personal Loan
  2. SBI Home Loan
  3. SBI Car Loan
  4. SBI Credit Card
  5. SBI Property Loan
  6. SBI Two Wheeler Loan
  7. SBI Education Loan
  8. SBI Fixed Deposit Rates
  9. SBI Gold Loan

Source: State Bank of India Official Website

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 67 reviews
by Anilpathak on SBI Business Loan
Mobile recharge

Mobile recharge and other business planning for help in.

by Vikas thakur on SBI Business Loan
Need loan

Good Service

by Balakrishnan on SBI Business Loan
Business loan

I want to business loan for enlarging business

by SHYAM SUNDAR SINGH on SBI Business Loan
Busines lone

Proposal of fly Ash brks plant.I am existing savings account holder needs
needs 25laks business lone..

by Vipin Kumar singh on SBI Business Loan
Vipin

I am vipin Kumar singh, required business loan,

by Santanu kunar on SBI Business Loan
Business loan

Sir m an existing savings account holder' needs 200000 business loan..plz help me ...

by Bikki kumar on SBI Business Loan
Bussiness loan

Sir I needed business loan 1000000

by Saiful Ali on SBI Business Loan
SBI business lon

Sir I needed business Lon 500000

by Salman on SBI Business Loan
Hi

I need loan for business expansion

by Rajesh on SBI Business Loan
Business Loan

Sir I needed business loan upto 300000..

by Gurudeo gurao on SBI Business Loan
Business loan

I need this loan for business, I have diploma electrical engg. and 3 yaer experience in electrical work so pls request to you for loan.

by Abhishek Kumar on SBI Business Loan
Sir I need money for business can you help

Sir please help me I want money very urgent because my business has destroyed so please help me to improve my business

by Harsh gajjar on SBI Business Loan
Loan on industrial machine

I need a 2lac for by new machines . Can you help me?

by பாண்டிக்குமார் on SBI Business Loan
ஓட்டுநர் பயிற்ச்சி பள்ளி

ஓட்டுநர் பயிற்ச்சி பள்ளி ஆரம்பிக்க 150000 (1.5 லட்சம் ) தேவை.

by arjunrai on SBI Business Loan
i want business loan

mujhe gas agency start karne k liye loan chahiye document all ready

by RAJENDRASINGH RAWAT on SBI Business Loan
8 lack

process of sbi business loan.

by Lakhi majumder on SBI Business Loan
SBI Business loan

Business loan required how much i can get.

by Tushar Pawar on SBI Business Loan
Sbi bussness loan

Sir I want loan status bussness for gro engineering workshop so I need 700000 rps for startup bussness so What is the prosses

by Chandramani Sanjay Gaikwad on SBI Business Loan
business loan

Need 10 lakhs of loan to start the paper bag business

by amit Raj on SBI Business Loan
Self business loan

Need 5 lakhs of loan to start the garment business. Need to know the procedure

by Naseem Ekbal on SBI Business Loan
Business loan

Dear sir
I have already my own retail business.
But I want to stand my business 2000000 I have required
Thanks with best regards

by Yogesh Naikude on SBI Business Loan
Business Loan

Need 5 lakhs of loan to start the garment business. Need to know the procedure

by Pankaj Kumar on SBI Business Loan
Loan requirements

I want loan for startup business for Footwear whole sale. I want to 700000 rs. For startup business. I'm student.

by prasann dutt purohit on SBI Business Loan
bussiness loan

Business loan required.

by Naresh on SBI Business Loan
For loan

Dear sir i need of 500000 loan required for marketing of medicine so what
Is proceeds for this

by Ashutosh kumar sharma on SBI Business Loan
Loan for business startup for call center

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

by Gajadhar patel on SBI Business Loan
Sbi business loan

I want to open my own photo studio.
What is the procedure a getting loan
Worth rs. 10,00,000

by Jayachandran on SBI Business Loan
Nil n Nith apparel company

I need loan

by Siddharth on SBI Business Loan
I need loan for making sanitary napkin

5 lakh of loan amount required,

by Ranjithkumar on SBI Business Loan
Business loan

Greetings,
I want to Start a Hardware store,what is the procedure for Getting a loan worth Rs 5,00,000

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