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SBI Business Loan Interest Rate Calculator - Jun 2017

Last Updated 22nd Jun 2017

SBI Business Loan Interest Rates

Self Employed
Interest Rate Check Best Offers
Tenure
Loan Amount Max Rs. 0
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Not allowed
Apply Business Loan @ 13.50%*
Rs.
Rs.
+91

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 % prepayment charges
  • You can foreclose your entire Business loan anytime after paying EMI's at forclosure 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 EMI’s with prepayment charges -

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 0 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 months business loan from SBI at interest rate of % per annum, EMI will be Rs. 0 per Rs. one lakh loan amount.
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of % per annum, the EMI on SBI business loan would range from Rs. 0 to Rs. 0 for loan tenure ranging from to months
  • Amount Borrowed: SBI Loan EMI will be high if you apply for a high loan amount. For amount borrowed 0, the EMI at % for months would be 0.

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.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan.
  • 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

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

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*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.