SBI Business Loan
Apply Online Click Here:- SBI Business Loans
SBI Bank offer simplified small Business Loans to business owners at competitive rates, get additional benefits & scheme as included!
Calculate Your EMI Click Here:- SBI Business Loans EMI Calculator
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
