State Bank of India Business Loan

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State Bank of India offers business loan to people who are in need of financial help for their business growth. Both secured and unsecured loans can be availed through the bank by the people of India. One can use the loan amount to purchase new machinery, give salary to people who are working, for any new technology and various other purposes. SBI is an institution built over a century of trust. It is a banking behemoth that has become a household name in India. Having a 23 percent market share in assets today, SBI is the largest bank in the country reaching the remotest districts and talukas. Needless to say, it is a popular and quite trusted among businessmen as well.

Here are the details tabulated for your assistance :

State Bank of India Business Loan Details updated
Loan Amount Rs.50,0000 to Rs.10,000,00000
Loan Tenure 4 Years
Interest Rate 11.20% to 16.30%

The bank offers loans for starting any business, small and medium-sized enterprises loans and to the people who are self-employed running IT companies and traders etc. The bank offers special schemes for business loans for supplying agricultural activities and for women as well. Business loans can be used to expand and grow the venture. Most business owners are able to scale up their operations with the help of business loans.

Our website, provides all the information about SBI business loans:

Why Apply for SBI Business Loan?

Features of Business Loans at State Bank of India

The following key points will help you understand the features and benefits of the business loans:

Why Apply for Business Loan on Loanbaba?

At Loanbaba, you can compare and apply for business loans online. You can check out several loans for business and go through their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, on a single platform. The loan application process is simple and easy, as you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website. Loanbaba has worked with managers of various SBI branches in the past few years and we will ensure that your loan is prioritized for smooth processing and other charges. Our team of trained executives and credit managers make sure that your experience from application to approval is a hassle-free one. Comparing the loans by different lenders is also possible as all the details are provided to visitors in a tabulated format. All you have to do is enter the details while also mentioning your requirements.

SBI Business Loan Interest Rates

Business Loan SBI interest rate is between 11.20% and 16.30%, but varies as per individual profile. Keep a check on this page to note the updated SBI business loan interest rate for the current year. SBI loans are sanctioned by the bank’s relationship managers and the branch manager. It is suggested that applicants keep all the documents handy and also have a business plan in place in case of a bigger loan. This helps accelerate the chances of quick approval and thereafter, disbursal of amount. Significant experience is business is taken positively for safety reasons and hence, business owners can avail lower interest rates comparatively.

SBI Business Loan Eligibility Calculator

Business loan eligibility may differ from one candidate to another. You can also use free-of-cost State Bank of India Business loan eligibility calculator at The eligibility criteria for SBI loan for business are discussed below:

Types of State Bank of India Business Loans

SBI has business loan schemes for all kinds of professionals. The amount taken as loan can be used for either multiple or specific purposes. Under various schemes, SBI has taken care to design different loan products suited for different businesses. Also, a lot of attention to detail has been given so as to make sure most sectors benefit from their offerings.

Frequently Asked Questions about State Bank of India Business Loans

Here are the State Bank of India Business Loans FAQs.

1. What are the details and eligibility criteria of SBI Business Loans?

The details about Functioning capital finance by ICICI bank are as follows:

  • One can avail minimum fifty thousand rupees and a maximum of thirty lakh rupees through the bank.
  • Minimum annual income should be 1, 50,000 rupees
  • Least age should be twenty one years and highest age can be sixty five years at the time of loan maturity
  • Least annual turnover of business should be twenty lakh rupees
  • At least three years experience in present business and a total of five years experience in doing business.
  • The business should be experiencing profits continuously from last two years.
  • The business must be filling ITR worth rupees 1.5 lakh annually.

2. Which SBI Business Loan Products are most popular?

  • Working Capital Finance
  • Term Loan

3. What are the Documents needed to avail SBI Business Loan?

The bank has a straightforward documentation procedure since they go about it with internationally tested methods. All you need is a photo ID, verified signature, address proof and a document that declares your age. The same is submitted with the application, and you are ready to get the loans from the best banks in the world.

  • Proof of Address - Aadhar Card, registry copy, utility bills, rental agreement, bank statement etc.
  • Proof of Identity - PAN Card, Voter ID, Passport, Aadhar Card, Driving License etc.
  • Proof of Business Existence -PAN, excise / VAT/ service tax/ sales tax registration, partnership deed copy, certificate of practice, RBI, SEBI issued registration certificate, trade license etc.
  • Income Tax and PAN card Copy of two years.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of State Bank of India.