SBI Business Loan | Interest Rates April 2018 | Documents | 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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 45 reviews
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

by Megha on SBI Business Loan
personal loan

Business loan required.

by RAVIKUMAR DR on SBI Business Loan
Agri seeds bussins

I need loan agri seeds business.

by Rup jyoti saikia on SBI Business Loan
Business

Business loan required

by Suhashree. T on SBI Business Loan
Buissess loan

Gd mrng dear sir/mam, as im going to starta primary school. Whats the procedure to get a loan of rs. 50,00,000?

by Madhuri on SBI Business Loan
Business loan

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

by Laxman Khatariya on SBI Business Loan
Need Loan 10 Lacks For New Shope

i need the 10 Lacks Loan for New Start up Business of Excavator Spare parts shop in Gandhidham (Gujrat)

by Gajendra Singh on SBI Business Loan
Business loan

Business loan required, how can i get

by Gulam sheikh on SBI Business Loan
Car parlour

I want Loan for car parlour

by Ranbir Singh sohal on SBI Business Loan
Business loan

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

by Mohd Abdul Qadeer on SBI Business Loan
Begniss

I am looking for large business loan for my business.

by Basavaraj on SBI Business Loan
1000000

Sir i want working capital lone my business
is corrugated boxes manifest industry plz
Support lone Amount Ten Lakh

by Benozir Miah on SBI Business Loan
Beauty perlar

I want a small loan for my beauty beauty parlour and Home service.

by shyamal Roy on SBI Business Loan
I have need 10 lakh business lone immediate

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)

by Kavya on SBI Business Loan
Business Loan

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.
Thanks

by Shaik mohamme sirajuddin on SBI Business Loan
Iam interested bussiness but i dont have how ever i started bussiness i want to improve my bussinessso i want loan

Plz sir madam i want loan, can i get loan amount of 50 lakh against 5 lakh ITR.

by Tireeth Ram Dewangan on SBI Business Loan
About medical store loan

Sir/madam I WANT TO OPEN FOR A NEW MEDICAL SHOP IN MY VILLAGE PLEASE SUGGEST FOR LOAN ACCORDING TO THE PHARMA SECTOR.

by Rajesh Kumar Sahu on SBI Business Loan
Term loan

Rajesh Kumar Sahu, required loan for starting new business.

by Kumar on SBI Business Loan
Business loan for nri

Sir I'm an nri I need business loan 50 lakhs.

by Dusmanta das on SBI Business Loan
Business loans

Iam small business man i want to 200000 two lakhs loan sir please sir i am poor man

by Vishal Gaikwad on SBI Business Loan
Average

I want business loan 500000lac which procedure

by Neetu Gautam on SBI Business Loan
Business loan

I want to take business loan for starting a coaching center.
What is the procedure?

by Dhanraj Sharma on SBI Business Loan
I want to take loan with range from 5 Lakhs to 8 Lakhs. What is the procedure.

Nice Service SBI group.

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3 thoughts on “SBI Business Loan | Interest Rates April 2018 | Documents | Calculator

  • 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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