SBI Business Loan

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The State Bank of India offers various kinds of business loans catering to different enterprise sizes and sectors. The range of loan amounts available under these facilities starts from ₹25,000 and extends up to ₹500 Crores.

SBI Business Loan Interest Rates

The interest rates depend on the linked benchmark rate. These include the following depending on the type of business loan you choose:

Marginal Cost of Funds based Lending Rate (MCLR)
External Benchmark Lending Rate
Credit Information Companies (CIC) Score
Pre and Post Shipment Rupee/Foreign Currency Export Credit

Calculate Your SBI Business Loan EMI

Loan Amount

Tenure

Rate of Interest

Your Monthly Business Loan EMI

Principal Amount

Total Interest

Total Amount Payable

Amortization Schedule

Download

Year	EMI	Principal	Interest	Balance

SBI Business Loan Features & Benefits

Here are a few characteristics and pros of availing of a business loan from the State Bank of India:

Diverse Array of Loans

SBI offers 30+ credit products for businesses of varying sizes and belonging to different sectors

Low Interest Rates

When compared to other lenders, the interest rates offered by SBI on business loans are quite competitive

Collateral-free Loans

As it is difficult for micro and small enterprises to provide an asset as security, the bank also offers collateral-free credit facilities

Easy Application Process

SBI allows you to apply for business loans conveniently and without any hassle on their online portal

Flexible Repayment Tenure

SBI business loans offer flexible tenure ranging between 12 months to 20 years, which makes the repayment process easy

Business Loans for Women

SBI also runs multiple lending schemes like Stand-Up India to support women entrepreneurs, allowing them to get loans at lower rates

Types of SBI Business Loans

Check the following table to learn about the types of business loans that SBI offers:

Type of Loan	Loan Amount	Repayment Tenure
Surya Shakti – Solar Finance	Up to ₹4 Crores	Up to 10 years
Loans under Contactless Lending Platform	₹1 Lakh to ₹5 Lakhs	Up to 7 years
Asset Backed Loan	₹10 Lakhs to ₹20 Crores (Up to ₹30 Crores in cities like Delhi, Mumbai, etc.)	12 months to 20 years
Asset Backed Loan - Commercial Real Estate	Up to ₹20 Crores (Semi-urban areas) Up to ₹50 Crores (Metro and Urban areas)	12 months to 6 years
Export Packing Credit	Need-Based Finance	Up to 180 days
E-Dealer Finance Scheme	Need-based, past performance or projected sale, or limit recommended by IM (whichever is lower)	Up to 90 days
E-Vendor Finance Scheme	Need-based	As per the tenure of the receivables
Fleet Finance	₹50 Lakhs to ₹50 Crores	Up to 5.5 years, which is negotiable
Lease Rental Discounting	Up to ₹50 Crores (for NBG) ₹500 Crores (for MCG)	As per the bank’s guidelines
Simplified Small Business Loan (SSBL)	₹10 Lakhs-₹25 Lakhs	12 months to 60 months
SME Smart Score	₹10 Lakhs-₹50 Lakhs	Up to 7 years
SME Credit Card	Up to ₹10 Lakhs	Up to 7 years
Warehouse Receipt Finance	Need-Based	12 months for a Working Capital Demand Loan (WCDL) Repayable on demand on Cash Credit Upon closure of the underlying loan and liquidation of the bank’s dues on a Revolving Demand Loan (RDL)
Loans to Business Correspondents	₹25,000-₹2.5 Lakhs	Up to 12 months for Overdraft Up to 36 months for a Demand Loan Up to 60 months for a Term Loan
SBI Gold Loan	₹1 Lakh-₹50 Lakhs	Up to 12 months
SME Marble Plus	₹10 Lakhs to ₹10 Crores	Up to 10 years
SME Car Loan	₹1 Lakh-₹3 Lakhs	5 years to 7 years
Arthiyas Plus	₹10.1 Lakhs to ₹5 Crores	12 months
SME Open Term Loan	₹25 Lakhs to ₹10 Crores	Up to 8 years
Healthcare Business Loan	₹10 Lakhs to ₹20 Crores	Repayable on demand on Cash Credit Up to 10 years for a Term Loan
Commercial Vehicle Loan	₹10 Lakhs-₹50 Lakhs	Up to 7 years for commercial vehicles Up to 4 years for electric vehicles
SME Finance for CA Firm	Overdraft: ₹2 Lakhs-₹25 Lakhs Term Loan: ₹2 Lakhs-₹75 Lakhs (for state capitals/Tier I cities) and ₹1 Crore (for Metro cities)	Repayable on demand for Overdraft Up to 10 years for a Term Loan
Dall Mill Plus	Up to ₹25 Crores	Up to 8 years
Finance to Biofuel Projects	Need-based	Up to 15 years
Finance to Startups (MSME UDAAN)	Up to ₹50 Crores	Up to 10 years

SBI Business Loan Eligibility

The eligibility criteria for SBI business loans vary depending on the type of loan you choose. However, to be eligible to avail of an SBI business loan, you need to fulfil the following basic eligibility requirements:

You must be a self-employed individual or a proprietor or partner in a business
Your age must be at least 21 years old
The business should be existing for at least 3 years
You must not have defaulted on loan repayment for any bank or NBFC loan

Documents Required for an SBI Business Loan

The list of required documents also differs based on the choice of a business loan. Here are some of the basic documents you need to keep in handy when applying for an SBI business loan:

A duly filled SBI business loan application form
KYC documents, like Aadhaar card, PAN card, voter’s ID, and more
Proof of business address
Company incorporation documents
Bank statements for the last year
Income Tax Returns for the last three years

How to Apply for an SBI Business Loan

The State Bank of India allows you to apply for a business loan through these channels:

Online: You can choose the type of loan you wish to apply and fill out a simple application form on SBI’s online portal
Visit to the Branch: You can also visit the nearby branch of the bank to apply for a business loan

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How to apply for an SBI business loan online?

The process to apply for an SBI business loan is simple. Visit the official SBI website, click on the ‘Business’ section on the top dashboard, and the ‘SME Loan’ options. Check the list of business loan products offered by the bank and click on ‘Apply Now’ for which you wish to apply.

Fill in the application form, complete KYC, attach the required documents and submit your application form after choosing a suitable loan amount and tenure.

How can I calculate SBI business loan EMIs?

You can use an SBI Business Loan EMI calculator to determine your monthly instalments. All you have to do is visit an online SBI Business Loan EMI calculator facility and enter the required values.

Can I get a collateral-free business loan from SBI?

Yes, SBI offers some business loan offers that do not require you to pledge your valuable assets as collateral. This also includes loans under the Government-run Mudra scheme.