State Bank of India Business Loan

State Bank of India star star star star star 4.0 / 5.04 users

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.

State Bank of India Personal Loan Details Updated on 18th July 2018
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 supping agricultural activities and for women as well.

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

Why Choose SBI Business Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the business loan in State Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out SBI business loan eligibility and SBI Business Loan EMI calculator at Loanbaba.com.

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:

  • The minimum loan amount is Rs. 500,000 and the maximum loan amount is Rs. 1,000,000,000.
  • Loan tenure is 1 year to 4 years. Interest rate currently is up to 16.30% as per records in April 2018.
  • One can make prepayment of a part of the loan amount anytime post the payment of one percent prepayment charges.
  • One can foreclose his/her whole loan amount anytime after the payment of six instalments at foreclosure fee.
  • No charges for Prepayment after paying off first 6 EMIs.
  • The rates of interest offered by the bank are both fixed and flexible.

Why Apply for SBI Business Loan on Loanbaba.com?

At Loanbaba, you can compare and apply for business loans online. You can check out several small business loan schemes by State Bank of India and go through all their features such as quantum of loan, amount of loan, processing fees, interest rates, and other conditions, at one page. You can also quickly apply for State Bank Business Loan online on our website without having to visit the branch. It is simple and easy, and 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.

How to Apply for State Bank Business Loan on Loanbaba?

You can apply for State Bank of India business loan or any other bank/NBFC business loan at Loanbaba.com within a few clicks.

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 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 Loanbaba.com. The eligibility criteria for SBI loan for business are discussed below:

  • The applicant for business loan State Bank needs to meet the age requirement and possess all necessary identity and profit/revenue proof etc required applying for the loan.
  • He/she meet the requirement for company credit score and should not be under too many debts.

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.

State Bank Business Loan FAQs

Below provided are important questions about business loan State Bank of India.

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

State Bank of India Business Loan Review


Business Loan
star star star star star 15.0/5
The Business Loan in Kolkata from SBI bank has to be the best in deal. Other banks at the time of taking the loan, were offering me lower amount.
Mumbai July 15, 2018
Business Loan
star star star star star 15.0/5
SBI bank provided me an instant response in regards to my Business Loan application. The processing charges were minimal. It is a trusted service from their team.
Mumbai July 14, 2018
Business Loan
star star star star star 13.0/5
This is first experience with SBI bank and the Business Loan process was on time. The SBI team followed up as well properly. There were no issues in getting the amount.
Mumbai July 13, 2018
Business Loan
star star star star star 15.0/5
I requested for Business Loan in Ahmadabad from SBI bank. At first there were some issues as their charges were increasing my expenses than expected, but worked out a solution to it. All thanks to their customer service.
Mumbai July 13, 2018

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