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SBI Business Loan Interest Rate Calculator - Aug 2017

Last Updated 21st Aug 2017

SBI Business Loan Interest Rates

Self Employed
Interest Rate 11.20% - 16.30% Check Best Offers
Lowest EMI Rs. 2,594 per lakh
Tenure From 12 months to 48 months
Loan Amount Min Rs. 500,000 and Max Rs. 1,000,000,000
Processing Fee 2-3% of Loan Amount
Part Prepayment, Charges Nil Prepayment Charges
Early Foreclosure, Charges Allowed after 6 EMI's, Nil Prepayment Charges
Apply Business Loan @ 13.50%*

SBI Business Loan

SBI gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from SBI:

  • You can prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying 6 EMI's at forclosure charges - Nil Prepayment Charges
  • SBI has been rated 3.3/5.0 by customers for its service quality on MyLoanCare
  • SBI has over 17,107 branches in India where you can avail service

Business Loan SBI

Business loan interest rates offered by SBI are fixed as well as floating

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in SBI benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in SBI benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

SBI Interest Rate depends upon

  • Loan amount: Business loan rate in SBI depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: SBI offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: SBI will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: SBI offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. SBI allows prepayment of business loan after paying 6 EMI’s with prepayment charges - Nil Prepayment Charges

Processing Fee- SBI asks for a processing fee of 2-3% of Loan Amount of loan amount with applicable service tax

SBI Business Loan EMI Calculator

SBI Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by SBI is 2,594 per lakh loan amount. Business loan EMI of SBI depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 48 months business loan from SBI at interest rate of 11.20% per annum, EMI will be Rs. 2,594 per Rs. one lakh loan amount. At interest rate of 16.30% for the same loan, the EMI will be Rs. 2,849
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 11.20% per annum, the EMI on SBI business loan would range from Rs. 8,848 to Rs. 2,594 for loan tenure ranging from 12 to 48 months
  • Amount Borrowed: SBI Loan EMI will be high if you apply for a high loan amount. For amount borrowed 500,000, the EMI at 11.20% for 48 months would be 12,971. Similarly for amount borrowed 1,000,000,000, the EMI at 11.20% for 48 months would be 25,942,756.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of SBI helps you to calculate your monthly EMI at different rate of interest
  • SBI EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly

SBI Business Loan Eligibility Calculator

Business loan eligibility criteria SBI

Eligibility of Business loan in SBI relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business. and minimum business turnover of Rs.2,000,000
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. SBI requires minimum business track record of 36 months. Your ITR details for minimum 24 months
  • CIBIL Score: When checking eligibility for business loan, SBI will look at the complete CIBIL report. SBI will check your repayment history for all current and past loans and credit cards.

Popular Products:

  • Term Loan
  • Working Capital Finance

Business Loan SBI documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months

Compare SBI Business Loan

SBI Business Loan in India

SBI Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 979-350-2211
Ahmedabad 972-434-2211
Ambala 999-637-2211
Anand 972-434-2211
Aurangabad 973-001-2211
Bangalore 973-193-2211
Bhilai 989-328-2211
Bhilwara 979-933-2211
Bhiwadi 973-001-2211
Bhopal 989-328-2211
Bhubaneswar Cuttack 977-745-2211
Bikaner 979-933-2211
Chandigarh 977-916-2211
Chennai 979-094-2211
Cochin 999-539-2211
Coimbatore 979-191-2211
Dehradun 976-020-2211
Delhi 995-880-2211
Durg 989-328-2211
Faridabad 995-880-2211
Gandhinagar 972-434-2211
Ghaziabad 995-880-2211
Goa 973-001-2211
Greater Noida 995-880-2211
Gurgaon 995-880-2211
Guwahati 995-705-2211
Gwalior 989-328-2211
Hyderabad 995-919-2211
Indore 989-328-2211
Jabalpur 989-328-2211
Jaipur 979-933-2211
Jalandhar 977-916-2211
Jodhpur 979-933-2211
Kanpur 979-350-2211
Karnal 999-637-2211
Kolhapur 973-001-2211
Kolkata 974-842-2211
Kota 979-933-2211
Kozhikode 999-539-2211
Lucknow 979-350-2211
Ludhiana 977-916-2211
Madurai 979-191-2211
Meerut 976-020-2211
Mehsana 972-434-2211
Mohali Sas Nagar 977-916-2211
Mumbai 998-755-2211
Mussoorie 976-020-2211
Nagpur 973-001-2211
Nashik 973-001-2211
Noida 995-880-2211
Noida Extn 995-880-2211
Panipat 999-637-2211
Patna 995-595-2211
Pondicherry 979-191-2211
Pune 973-001-2211
Raipur 989-328-2211
Rajkot 972-434-2211
Ranchi 995-595-2211
Rohtak 999-637-2211
Roorkee 976-020-2211
Salem 979-191-2211
Shimla 980-509-2211
Sonepat 999-637-2211
Surat 972-434-2211
Trichy 979-191-2211
Udaipur 979-933-2211
Vadodara 972-434-2211
Varanasi 979-350-2211
Vijaywada 995-919-2211
Vizag 995-919-2211
Sbi Business Loan

Lowest EMI
Business Loan Eligibility
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