SBI provides secured business loans for self-employed individuals and businesses. Some of the loan options they offer include export packing credit, channel financing, term loan, bank guarantees, letter of credit, lease rental discounting, construction equipment loan, corporate loan, asset-backed business loan, dropline overdraft, and warehouse receipt finance. SBI's business loan schemes include options like Channel Financing, Construction Equipment Loan, Corporate Loan, Asset Backed Business Loan, Lease Rental Discounting, Healthcare Business Loan, Fleet Finance, Warehouse Receipt Finance, SME Car Loan, and more.
SBI Business Loan Highlights |
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|---|---|
| Interest Rate |
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| Loan Amount | Up to Rs 500 crore |
| Loan Tenure | Up to 15 years |
| CIBIL Score | 750+ |
| Foreclosure Charges | 3% |
*Terms and conditions apply.
| Table of Contents | ||
|---|---|---|
| SBI Bank Business Loan Interest Rates | ||
| Fees & Charges | ||
| Types of SBI Bank Business Loan | ||
| Eligibility Criteria | ||
| Documents Required | ||
The interest rates for SBI Business Loans start at 9.10% per annum. Here are the interest rates offered by the lender for its various business schemes:
| Particulars | Interest rate (p.a.) |
|---|---|
| For SBI Business Loan for Finance to Food Processing Industry | 9.10% to 11.55% (for MCLR linked loans) and 9.20% to 11.65% (For RLLR linked loans) |
| For SBI SME Gold Loan | 9.55% |
Also read: Best Business Loan Interest Rate
Processing fees associated with SBI Business Loans are as follows:
| Particulars | Fees and Charges | |
|---|---|---|
| Asset Backed Loan/ Asset-Backed Loan - Commercial Real Estate | 1% of the limits (maximum Rs. 10 Lakhs) | |
| e Dealer Finance Scheme/ e Vendor Finance Scheme | Rs. 10,000 - Rs. 30,000 | |
| SBI OD Product | 1% of loan amount | |
| SME Gold Loan | Rs. 500 - Rs. 1,000 + applicable taxes | |
| PMMY | 0.50% + applicable tax for Tarun | |
| Fleet Finance | 1% of the limit | |
| PM Mudra Yojana | 0.50% + applicable tax for Tarun | |
| SME eBiz Loan | 1% of limit sanctioned + applicable taxes for 1st year & 0.35% + applicable taxes for 2nd year onwards. | |
| Simplified Small Business Loan | Rs. 7,500 | |
| Warehouse Receipt Finance | Up to Rs. 3 Lakhs | |
| Finance to Food Processing Industry | Up to 0.40% of loan amount (maximum Rs. 40 Lakhs) | |
| Loans to Business Correspondents | 0.50% for loans above Rs. 50,000 | |
| Stand Up India | Rs. 0.20% of loan amount + GST | |
Also read: Best Business Loan EMI Calculator
SBI Simplified Small Business Loan
Purpose: SBI Business Loans are aimed at business units operating in the manufacturing, services, and trade sectors to meet their working capital requirements.
Interest Rate: Linked to the EBLR.
Loan Amount: Ranges from Rs 10 lakh to Rs 25 lakh.
Repayment Period: Varies for Cash Credit and Dropline OD.
Margin: A margin of 10% is required.
Collateral Security: A minimum collateral of 40% is required, which can be provided in various forms, including mortgage charges on land and buildings.
SBI Asset Backed Business Loan
Purpose: SBI Business Loans are available for MSMEs to finance the acquisition of current assets and fixed assets for capacity expansion.
Interest Rate: Linked to EBLR or 6-month MCLR.
Loan Amount: Up to Rs 20 crore.
Loan Tenure: 1 to 10 years with a moratorium period.
Collateral Security: Mandatory, compliant under the SARFAESI Act.
SBI SME Gold Loan
Purpose: SBI offers overdraft or demand loan facilities where customers can use their gold ornaments or jewelry as collateral.
Interest Rate: 9.75% (EBLR + 0.60%).
Loan Amount: Up to Rs 50 lakh.
SBI SME Car Loan
Purpose: SBI provides financing options for businesses to purchase new cars.
Interest Rate: Linked to the CIC score of the proprietor, partner, promoter, or director.
Loan Amount: Rs 1 lakh to Rs 3 crore.
Repayment Period: Up to 5 or 7 years.
SBI SME Credit Card
Purpose: SBI Business Loans are available to fulfill various credit needs, including the purchase of shops.
Interest Rate: Linked to EBLR.
Loan Amount: Up to Rs 10 lakh.
Margin: Nil for loans up to Rs 50,000 and 20% above this amount.
SBI Business Loan for Commercial Vehicles
Purpose: SBI Business Loans offer financing options for new commercial vehicles, electric vehicles, hybrid vehicles, and more.
Interest Rate: Linked to the EBLR.
Loan Amount: Up to Rs 50 lakh.
Margin: 15% on the on-road price.
Repayment Period: Up to 7 years for commercial vehicles.
SBI Business Loan for SME Finance of CA Firm
Purpose: SBI provides overdraft and term loan options for CA firms to cover various business expenses and asset purchases.
Interest Rate: Linked to EBLR.
Loan Amount: Varies for overdraft and term loan options.
Margin: Nil for overdraft; 25% for term loans.
Collateral Security: For term loans, coverage under CGTMSE with the borrower paying the CGTMSE fees.
SBI Asset Backed Business Loan – Commercial Real Estate
Purpose: SBI Business Loans cater to financing working capital needs as well as real estate acquisitions, such as retail spaces, office buildings, etc.
Interest Rate: Linked to EBLR or 6-month MCLR.
Loan Amount: Up to Rs 50 crore for urban centers.
Margin: 25% for both working capital and fixed assets.
Collateral Security: Immovable property, compliant with the SARFAESI Act.
SBI SME Smart Score Business Loan
Purpose: SBI Business Loans are designed to address the diverse credit requirements of MSMEs.
Interest Rate: Competitive rates linked to EBLR.
Loan Amount: Up to Rs 50 lakh.
Margin: 20% for working capital and 33% for term loans.
SBI Business Loan for E-Dealer Finance
Purpose: SBI provides loans for authorized dealers of major industries to purchase inventory.
Interest Rate: Linked to MCLR.
Loan Tenure: Credit period up to 90 days with annual renewal.
SBI PM Mudra Yojana Loan
Purpose: For small businesses in the trading, manufacturing or services sector.
Interest Rate: Linked to MCLR.
Loan Amount: Up to Rs 10 lakh.
Margin: 10% for loans between Rs 50,000 to Rs 10 lakh; nil below Rs 50,000.
SBI Business Loan for Export Packing Credit
Purpose: SBI offers loans to help businesses buy materials and process them before exporting.
Loan Tenure: Usually not exceeding 180 days.
Collateral Security: As applicable for cash credit/working capital limits.
SBI Business Loan for E-Vendor Finance
Purpose: SBI offers cash credit facilities to vendors of reputable companies, using their receivables as collateral.
Interest Rate: Linked to MCLR.
Loan Tenure: Based on the tenor of the receivables.
SBI Stand Up India Business Loan
Purpose: SBI provides support for SC/ST and women entrepreneurs to establish new projects focused on environmental sustainability.
Interest Rate: Linked to MCLR.
Loan Amount: Rs 10 lakh to Rs 1 crore.
Margin: Minimum 10%, up to 25% for composite loans.
SBI Business Loan for Warehouse Receipt Finance
Purpose: For traders, manufacturers, or owners of goods against warehouse receipts.
Interest Rate: Linked to MCLR rates.
Margin: Between 25% to 35% of the market price of goods.
SBI Business Loan under Contactless Lending Platform
Purpose: SBI offers an online loan lending facility tailored for small and medium enterprises in the industrial and trading sectors.
Interest Rate: Linked to both EBLR & MCLR.
Loan Amount: Rs 1 lakh to Rs 5 crore.
SBI Healthcare Business Loan
Purpose: SBI offers financing options for medical practitioners to establish or expand clinics, hospitals, nursing homes, and other healthcare facilities.
Interest Rate: Linked to EBLR or 6-month MCLR.
Loan Amount: Up to Rs 20 crore.
SBI Business Loan for Fleet Finance
Purpose: SBI provides financing options for businesses to purchase new vehicles.
Interest Rate: Based on MCLR or 6 months EBLR.
Loan Amount: Rs 50 lakh to Rs 50 crore.
SBI Lease Rental Discounting
Purpose: Term loan against future rental incomes.
Interest Rate: Linked to MCLR.
Loan Amount: Rs 10 lakh to Rs 500 crore.
SBI SME Marble Plus Loan
Purpose: SBI offers financial support for units involved in the production of marble, quartz, and other stone-based products.
Interest Rate: Linked to collateral coverage and internal rating.
Loan Amount: Up to Rs 10 crore.
SBI Dall Mill Plus Business Loan
Purpose: For MSME units in dal milling activities.
Interest Rate: Linked to EBLR.
Loan Amount: Up to Rs 25 crore.
SBI SME Open Term Loan
Purpose: SBI offers financial assistance to businesses in the manufacturing and services sectors for purposes such as expansion, modernization, and other related activities.
Interest Rate: Linked to EBLR or 6 months MCLR.
Loan Amount: Rs 25 lakh to Rs 10 crore.
SBI Arthiyas Plus
Purpose: SBI provides financial assistance for Arthiyas or commission agents engaged in retail trading activities.
Interest Rate: Linked to the EBLR.
Loan Amount: Rs 10 lakh to Rs 5 crore.
Also read: Best Business Loan EMI Calculator
The eligibility criteria for availing SBI Business Loans are as follows:
Also read: Best Business Loan Eligibility
Broadly, you will need the following SBI Business Loan documents when applying for the loan:
Also Read : Best Business Loan Documents Required
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