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How To Get SBI Business Loan

SBI Business Loan Friends, if you are doing your business and want to take your business to new heights. So money will be required for this, but in this inflationary era, you are short of money and are thinking of taking a loan. Through this article, we will tell you that you will know in full detail how to take SBI Business Loan, SBI Business Loan Interest rate, eligibility, and loan amount that Business Loan applies online or offline.

SBI Business Loan

Friends, everyone knows about SBI Bank because SBI is a major and largest bank in India because friends will be very few such residents of India inside India. State Bank of India provides many types of banking facilities to applicants who do not have an account in SBI Bank, such as saving accounts, loans, insurance, and trading account, this type of facility is given by SBI Bank. Is | And The bank also gives applicants a home loan, business loan, car loan, education loan, or gold loan at attractive offers.

Let us tell you that SBI gives business loans to business loan applicants for a loan amount ranging from Rs 10000 to Rs 2500000 as per their requirement at an interest rate of 11.20% to 16.30% per annum for 4 years EMI at Rs 2,594 per lakh.

SBI business loan details

SBI Business loan is unsecured financial assistance provided by banks and NBFCs within India. SBI Bank aims to meet the growing business needs of the applicant from time to time. Most financial companies give term loans and Flexi loans to meet the needs of a company called a business loan or commercial loan. So far, you have learned what an SBI business loan is and got complete information about SBI loans, and now you will know what the process of taking an SBI business loan is

How much does the sbi give a business loan?

Friends, before taking a business loan from any bank, you should know about that bank and also know about its terms and conditions. At the same time, gather the bank’s information from which you are taking a business loan, and the bank will give you the loan. Gives the amount as per your requirement or not. Now we will talk about how much business Loan gives, friends. By the way, SBI gives business loans to the applicants according to their requirements. But SBI can easily give loan amounts up to a minimum of Rs 10000 and a maximum of Rs 2500000 lakhs.

SBI BUSINESS LOAN INTEREST RATE

Friends, till now, you have known about SBI business loan and how much SBI business loan amount gives. Similarly, before taking a business loan, you must check the bank from which you are taking a business loan and how much interest (Sbi Business Loan INTEREST RATE) will be charged to you on the business loan. Friends, SBI Bank gives business loans to the applicants at attractive offers and charges less interest than other banks. SBI charges an interest of at least 11.20% per annum on business loans and a maximum of 16.30% per annum.

What is the SBI Business Loan tenure?

As you know, the sbi business loan interest rate is 11.20% to 16.30%. Now you will know how much time State Bank of India gives for loan repayment on taking an SBI business loan. Before taking a business loan, you must know about the loan tenure of that bank so that you do not have any problem repaying the loan amount and you Easily repay the loan amount. By taking SbiBankBusiness Loan, you would get at least 12 months to repay the loan amount and a maximum of 48 months to repay the loan amount. That is, 4 years are available to pay the loan amount.

What is the SBI Business Loan Processing Fee

Friends, before taking a business loan from any bank, it is important to know about the terms and conditions of that bank. As you have known so far in this article, you have to know about the SBI business loan interest rate and how much time is available to pay the SBI business loan amount. You will now know how much processing fee will be charged to take SBI Business Loan. Friends, on taking SbiBusiness Loan, you will incur a processing fee of 1% to 3% of the loan amount. When you take a business loan from the sbi, at that time, you have to pay this processing fee.

SBI Business Loan Documents

  • Identity Proof – PAN Card, Aadhar Card, Driving License, Voter ID, Passport, etc.
  • Residence Proof, Aadhar Card, Driving License, Voter ID, Passport, etc.
  • PAN Card of the Proprietor / Firm / Company
  • 6 months bank account statement
  • IT
  • Financial income tax return for at least 2 years
  • Business Office Residence Certificate
  • License with proof of continuing business

It is important to have all these documents with you to apply for a business loan.

SBI Business Loan Fees and Charges

Interest Rate11.20% 
Processing Fee1% to 3%
Tenure12 months to 48 months
Lowest EMIper lakh 2,594 per month
Loan Amount10000 and Max 2500000
Part Prepayment Charges 3%
Early Foreclosure ChargesAllowed after 6 EMI’s, 3%

How to Login SBI Business Loan Portal?

  • First of all, you go to SBI Bank’s official website www. Go to sbi.co.in.
  • Now, you have to click on ‘Login’ in the top right corner of the page.
  • After this, you have to log in by entering your User ID and Password.
  • After this, you can check your bank balance in this portal. You can avail of the facility like loan status, online, money transfer for free.

How to Apply for SBI Business Loan Online?

  • Friends, first of all, you go to Google and the official website of the State Bank of India www. sbi.co. open in
  • Now, you register with OTP by entering your mobile number.
  • Now, you will get the option of loan on the home page, click on it, and then later, you have to open the business loan.
  • After this, an application form will open in front of you; you have to fill it out properly. Your name, address, business details, and other necessary information must be filled in.
  • After filling out the application form properly, you have to upload your documents.
  • After completing this process, the last one is to submit the application form by clicking on the submit option below.
  • Now, your documents will be verified if you strictly follow the applicable terms and conditions of sbi bank.
  • After this, your business loan (Sbi business loan) is approved. And your business loan amount is transferred to the bank account

How to Apply for SBI Business Loan Offline?

  • Friends, to take an SBI business loan. First, go to the nearest SBI bank branch (state bank of India).
  • Now, information about business loans has to be taken from the bank manager or employee.
  • Now, you take an application form from the bank and fill it out.
  • Attach all the documents with this application form
  • The application form has to be submitted to the bank.
  • After this, your application form and documents will be completely verified by the bank, and if the documents are there, the business loan is approved.
  • After that, the loan amount is transferred to the applicant’s bank account

sbi business loan status check

  • To check sbi business loan status; first, you go to this sbi.co.in/business loan-status. You can also check the status by clicking on this link.
  • After opening this page, you have to click on the BUSINESS option.
  • In the next step, you have to log in by entering your login id.
  • After this, you can check the status of your business loan by entering your loan details.

SBI Business Loan Customer Care

State of India (SBI) toll-free number

  • 1800 11 2211
  • 1800 425 3800
  • 080-26599990

Also Read: How To Get ICICI Business Loan

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