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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

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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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 The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the SBI Business Loan

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.

Can I get a business loan from SBI to start a small shop?

Yes, you can apply for a loan through the E-Vendor Finance facility to start a small shop, provided you meet the required eligibility requirements.  

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