SBI Business Loan – Interest Rates & Features – 2021
|Interest Rate||Depends on applicant’s profile & business requirements|
|Processing Fee||From 1% – 5% of the sanctioned loan amount|
|Loan Amount||Min. Rs. 10,000 – Max. up to Rs. 500 crore*|
|Collateral||Not required for unsecured business loans|
|Repayment Tenure||From 12 months – 5 years, may exceed as per business requirements|
|Loan Disbursal Duration||Depends on case to case|
Note: Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank, NBFC and RBI. GST and service tax shall be levied extra on the mentioned charges.
*Loans up to Rs. 500 crore are offered to Mid-Corporate Group (MCG) for Lease Rental Discounting.
The bank also assists businesses in availing loans under government schemes, such as Mudra Yojana under PMMY, PMEGP, PSB Loans in 59 minutes, CGTMSE, Startup India and Stand-up India.
Apply for Business Loan @ 14.99% onwards per annum Apply Now
Table of Contents:
SBI Business Loan Eligibility Criteria
|Age||Min. 18 years & Max. 65 years|
|Business Existence||Min. 2 years|
|Annual Turnover||Depends on business volume and requirements|
|Business experience||Min. 2 years|
|ITR||Last 1 year|
|Profitability||Last 2 years in profit|
|Citizenship||Indian citizen with no previous defaults with any financial institution|
To check the SBI business loan EMI click on the below button: