Sbi Business Loan

By Author: Financeseva
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State Bank of India SBI Bank offers wide range of products & services, one of the most well-known product is SBI Business loan for (SME) Small Medium Enterprises Sectors. Under SME category both secured loan & unsecured loans are offered for enterprises. SBI business loan interest rate starts from 11.10% p.a but ensure applicant eligibility is involved in determining applicable rates.

There are certain factors considered to evaluate the eligibility of borrowers such as nature & scope of business, years of existence, estimated revenue growth, repayment capacity, CIBIL Score etc. SBI business loan online for new business allows the borrowers to avail customized business loan.

Features

SBI business loan offered to expand business scale

All Business units engaged in manufacturing, trading & services- including self-employed professional & non-professional

Borrowers age group should fall between 21 – 65 years

SBI Business loan ranging from 5 Lacs to 500 Cr

Benefits

Lowest processing fee on loan

Special schemes offered by SBI Bank

Flexible ...
... tenure facility up to 60 months

Under SBI Business loan both secured & unsecured are available

Other charges on SBI Business Loan

Apart from Interest rates, there are few other charges levied by SBI it includes followings: -

Processing Fee: - 2% - 3% applicable

Foreclosure Charges: - 3% on loan amount

Also Read:- SBI Home Loan

SBI Business Loan EMI Calculator
Business loan EMI equated monthly installment is a monthly payable fixed amount that must be paid by a loan borrower to SBI Bank on a regular basis until unless pay off borrowed principal amount.

SBI business loan EMI calculator is used to calculate monthly payable EMI, get instant schedule chart plus table as it depicts remaining each principal, interest, EMI payment amount & balance.

SBI Business Loan Eligibility Criteria

To avail business loan, ensure your business profile meet following requirements as given below:-

Applicant age group should fall between 21 – 65 years at the time of loan maturity

Profit & loss balance sheet for last 3 years

Any business is earning profit Last two year they are also eligible

CIBIL score required to be above 750

If you are a proprietor, self-employed individuals, private Ltd. And partnership firm and business manufacture are eligible for business loan.

SBI Business Loans Documents Checklist

Certain documents required to process borrowers application which are listed below:-

Identity Proof (Any one of the following):-

Aadhar Card

Pan Card

Voter ID

Residence Proof (Any one of the following):-

Electricity Bill

Water Bill

Rent/Lease Agreement

Bank Statement

Business Proof such as registration certificate, PAN, GST, profit & loss balance sheet & VAT

Bank statement of latest 6 months

Last 1 Year ITR

Any other document required by SBI Bank

Also Read:-WHAT IS BANK OVERDRAFT MEANING?

How to Apply SBI Business Loan Online?

If you are planning to setup & expand your business, you can avail Kotak Business Loan Online.

Financeseva offers you to compare Kotak business loan with other banks at single platform.

Get a detailed comparison of business loan schemes, benefits, interest rates, EMI calculator offered by banks.

Click on Get Quote & fill required details to submit the form, shortly concern representative will get in touch with you for further formalities.

SBI Business Loan Customer Care Number
For any queries, complaints and feedback regarding the loan, the bank has offered 24/7 customer service. Customers can contact with SBI Bank Customer Care through following ways:

Toll-free Number: 1800 1234, 1800 11 2211, 1800 425 3800 or 080-26599990.

You can directly visit SBI Site & fill basic details to continue online chat ask your quires

Apply Now:-Professional Loan

Contact Us

Address:- Plot 6A IInd Floor, Near Max Hospital, Opp Metro Pillar 178B, Patparganj, Delhi: - 110092

Gmail:- contact@financeseva.in

Phone:- +91 9863020202

Apply Online Click Here:- SBI Business Loan