SBI Business Loan: In this article, we will provide you information about State Bank of India business loan. If you are thinking of starting a new business or want to expand your business but you are short of money then you can join with SBI Bank Business Loan.
Irrespective of the type of your business, you can avail SBI business loan for all types of micro, small and medium industries.
You can avail a business loan up to Rs 25 lakh from SBI Bank. You can get this loan for a long period of 60 months.
Business loan SBI in Hindi 2022
Many people want to take a loan to start a new business, but there is a question in their mind that from where to get the loan for the business. State Bank of India Bank is providing business loans to the customers at attractive interest rates.
When we take a loan to start our business, to expand our business or to meet any need related to our business, then it is called Business Loan.
Business loan is of both types Secured & Unsecured loan. Before giving the loan, the lender checks the CIBIL score of the applicant, therefore SBI Business Loan 2022 Before applying for, you should pay attention to your Credit Score.
SBI Bank is providing business loan to women at low interest rate. The name of SBI bank’s business loan is SBI Simplified Small Business Loan. This is a drop-line overdraft facility.
You can get a minimum loan amount of Rs 10 lakh and a maximum of Rs 25 lakh under SBI Business Loan from the bank. The maximum loan tenure of the loan is up to 60 months.
HIGHLIGHTS:
| loan name | How to get SBI Bank Business Loan? |
| name of lender | State Bank of India |
| loan amount | Minimum Rs 10 lakh Maximum Rs.25 lakh |
| loan tenure | 60 months |
| Fees and charges (processing fee, EM Charges, Documentation Charges, inspection, commitment fee and shipping fee included) |
Rs 7500 |
| margin | 10% |
| collateral security | Minimum collateral of 40% |
| application mode | online / offline |
| official website | sbi.co.in |
SBI Business loan interest rate 2022
The interest rate of this loan depends on your business requirements. At present, there is no information about the interest rate on the official website of the bank, so you can get information about the interest rate of SBI business loan by visiting your nearest bank branch or by calling the customer care number of the bank. .
The loan interest rates are competitive and linked to MCLR. If you fulfill all the conditions of the bank and your credit history is very good, then you can take advantage of the bank’s attractive interest rates.
Benefits and Features of SBI Business Loan
- sbi bank loan name SBI Simplified Small Business Loan Is.
- SBI Bank offers SBI Simplified Small Business Loan to small entrepreneurs to start their business and expand their business.
- If you are starting a new business (SBI Business Loan for new business) then this loan is for you.
- This is a drop-line overdraft facility.
- You can avail the loan amount up to 10 times the average monthly balance in the current account in the last 12 months.
- You can take a minimum loan of Rs 10 lakh and a maximum of Rs 25 lakh from the bank.
- State Bank of India Business Loan The maximum loan tenure is up to 60 months.
- All business units engaged in all types of manufacturing, service activities as well as self-employed and professional individuals, wholesale/retail trade can avail of this loan.
- SBI Business Loan interest rates are competitive and linked to MCLR.
- The margin for the loan is 10%.
- To avail the loan, you need to pledge 40% of the loan amount as collateral.
- All type of charges on the loan (includes processing fee, EM fee, documentation fee, inspection, commitment fee and remittance fee) is Rs.7500.
SBI Business Loan Eligibility
- All business units engaged in manufacturing, service activities as well as self-employed and professional individuals, wholesale/retail trade can apply for this loan.
- This loan scheme is specially designed for those people who want to start a small business or are running their own business.
- Your business should be existing at the same place for at least 5 years.
- Applicant must be the owner of the business place or must have a valid tenant agreement with the owner of the shop.
- Current account holder in any bank for at least 2 years.
- Minimum average monthly balance of more than Rs.1 lakh in the account in the last 12 months.
- The borrower should also satisfy the eligibility criteria as per Go/No Go criteria.
SBI Business Loan Documents required
- Address Proof: Aadhar Card, Voter ID Card, Bank Statement, Registry Copy, Rent Agreement, Utility Bill.
- Identity Proof: Passport, Driving License, PAN Card, Aadhaar Card, Voter ID Card.
- Business existence proof: PAN, Sales Tax / Excise / VAT / Service Tax Registration, Copy of Partnership Deed, Business License, Practice Certificate, Registration Certificate issued by RBI, SEBI
- Copy of Income Tax PAN for 24 months
- Bank statement of last 6 months
- other documents
How to apply for SBI Business Loan?
If you want to take advantage of this loan to meet the expenses related to your business, then you will have to apply, whose complete process is given below:
SBI business loan apply online
- on the home page of the website business loan An option will appear, click on it.
- After clicking on this link, the loan page will open in front of you.
- On this page you will get all the information related to business loan.
- To apply you Apply now Have to click on the option.
- The loan application form will open in front of you.
- Enter the information sought in the form and submit the form.
- After this the bank employees will contact you and the loan process will be continued further.
How to Apply for SBI Business Loan Offline?
- To apply offline, you must first go to your nearest State Bank of India branch.
- Contact the bank employee.
- The bank employee will provide all the information related to the loan.
- Then you have to fill a loan application form.
- Attach the documents with the form and submit it to the bank.
- In this way your offline application will be done.
SBI loan customer care number
- Toll-Free Numbers: 1800 1234, 1800 11 2211, 1800 425 3800, 1800 2100 or 080-26599990.
conclusion
In this article we have given you SBI Business Loan Complete information about has been provided. Any person who has a small business or is thinking of starting his own business can take a business loan from State Bank of India. Complete information about applying is given in this article.
Before applying for the loan, you have to calculate the EMI of your loan with the help of SBI business loan EMI calculator so that you can know the amount of installments you will have to pay at the time of loan repayment.
FAQ:
You can get loan from Rs.10 lakh to Rs.25 lakh.
7500 rupees, it has all types of charges.
40% of the loan amount has to be pledged as collateral.