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.
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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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Purpose: Term loan against future rental incomes.
Interest Rate: Linked to MCLR.
Loan Amount: Rs 10 lakh to Rs 500 crore.
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.
Purpose: For MSME units in dal milling activities.
Interest Rate: Linked to EBLR.
Loan Amount: Up to Rs 25 crore.
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.
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
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.