Check ✔ SBI Business Loan Interest Rates ✔ Eligibility Criteria ✔ Monthly EMI ✔ Documents ✔ Age ✔ Repayment Period, Processing Fee, Pre-payment Charges sbiloanrates.com

Purpose of Business Loan– SBI Bank offers loan to self employed for expansion or working capital requirements of their business – such as purchase of equipments, fixed assets, funding their expansion or growth plans, modernization or technology up-gradation and more.

SBI Business Loan Interest Rates

Interest Rates 11.20% Onwards
Processing Fee 2.00% – 3.00%
Tenure Upto 4 years
Age Limit 21 years – 65 years
Loan Amount Rs. 500,000 to Rs. 1,000,000,000

SBI Business Loan Eligibility Calculator

  • Minimum age 21 years and maximum 65 years at the time of loan maturity.
  • Loan amount depend on applicant’s eligibility.
  • Minimum 3-years of business stability required.
  • ITR and bank statements required.

Documents Required SBI Business Loan

  • Proof of Address– Aadhaar Card/ Voter’s ID / Registry copy/ Rent agreement/ utility bills like electricity etc
  • Proof of Identity– PAN Card/ Passport/ Driving License/ Aadhaar Card.
  • Proof of Business Existence– sales tax/ Pan/ excise/ VAT/ service tax registration/ certificate of practice/ trade license/ Certificate of Incorporation/ Certificate of commencement of business.
  • Copy of Income Tax PAN for 2 years.
  • Banking of last 6 months.

Benefits of SBI Business Loan

  • Candidate can prepay part of his loan anytime after paying prepayment charges.
  • Candidate can foreclose his business loan after 6 emis (locking period is 6-months).

SBI Business Loan EMI Calculator

Business Loan emi calculator gives you an idea about emi depend on loan amount, interest rates and repayment period. The emi is a monthly specified amount that candidate need to pay every month.

Loan Amount in Rs Tenure In Months Interest Rate Monthly EMI
50000 48 11.30% Rs. 1,300
500000 48 11.40% Rs. 13,020
1000000 48 11.50% Rs. 26,089
1500000 48 11.60% Rs. 39,207
2000000 48 11.40% Rs. 52,080
2500000 48 11.50% Rs. 65,223
3000000 48 11.60% Rs. 78,414
3500000 48 11.40% Rs. 91,141
4000000 48 11.50% Rs. 1,04,356
4500000 48 11.30% Rs. 1,16,962
5000000 48 11.50% Rs. 1,30,445
5500000 48 11.40% Rs. 1,43,221
6000000 48 11.40% Rs. 1,56,241
6500000 48 11.50% Rs. 1,69,579
7000000 48 11.60% Rs. 1,82,965
7500000 48 11.40% Rs. 1,95,302
8000000 48 11.50% Rs. 2,08,712
8500000 48 11.30% Rs. 2,20,927
9000000 48 11.50% Rs. 2,34,801
9500000 48 11.60% Rs. 2,48,310
10000000 48 11.40% Rs. 2,60,402
5000000 48 11.50% Rs. 1,30,445
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SBI Business Loan Interest Rates Jan 2019, Eligibility
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