SBI Business Loan Interest Rate Calculator - Oct 2016

SBI Business Loan Interest Rates

Last Updated 21st Oct 16

Get upto Rs 2,500/- Cashback*
Terms & Conditions Apply*
Apply Online
SBI Business Loan
SBI Business Loan Interest Rate 11.20% - 16.30%
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 Allowed after 6 EMI's, Nil Prepayment Charges
Early Foreclosure, Charges Allowed after 6 EMI's, Nil Prepayment Charges
Apply Business Loan Online

I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry

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 the 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

SBI business loan interest rate is the rate which you pay over the loan amount that you have borrowed from the bank. 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 Business Loan Interest Rate depends upon
  • SBI business 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

SBI Business Loan Charges

SBI Business Loan 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
SBI Business Loan 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

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. SBI business loan EMI 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 business 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?

  • EMI calculator of SBI Business loan helps you to calculate your monthly EMI at different rate of interest
  • SBI Business loan 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
Estimated EMI online by using Business Loan EMI Calculator.

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 and future prospects of your business.
  • 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.
  • 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 SBI Business Loan 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

Comparison of SBI Business Loan with other banks

SBI Business Loan in India

SBI Business Loan Customer Care Number, Email, Application Status

Contact Details of SBI Business Loan 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
*My Finance Care Advisors Pvt. Ltd., or is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.
SBI Business Loan News - Oct 2016
17th Sep 16 SBI eyes 12 per cent SME loan growth in FY17
State Bank of India (SBI) is targeting12 percent growth in SME loans in the current financial year. This target is set in line with a massive growth of SME sector and muted demand for corporate loans. The bank is switching from balance sheet-based financing for SMEs to cash flow-based financing.
17th Jun 16 State Bank of India launches Rs 200 Cr fund for fintech startups
State Bank of India has announced a Rs. 200 Crore dedicated IT Innovation Startup Fund. It will provide a maximum assistance for Rs. 3 crore to companies registered in India and promoting their business innovations using IT in the banking and related technology space. The bank has opened a startup branch called InCube in Bengaluru in January. It functions as a single point of contact for the startup account holders for their various banking and financial advisory related requirements.
24th Feb 16 SBI Launches SBI ESmart SME to Offer Ecommerce Loan
SBI has launched SBI e Smart SME where sellers can apply for the loan online on the e-commerce platform and get instant sanctioning of the loan