SBI Business Loan


Interest Rates 1.20% p.a. onwards
Loan Amount Up to Rs. 10 Lakh
Tenure Up to 10 Years
Loan Processing Fee Up to 1% of the limit
CIBIL Score 750+
Foreclosure Charges 2%

SBI Business Loan Features and Benefits

  • A host of Business Loans to match with diversified customer requirements.
  • The SBI business loan interest rates start from just 1.20% p.a.
  • The need-based funding available for all types of business operations.
  • Collateral-free loans available for MSMEs.
  • The application process is simple, as well as easy to follow.
  • Business loan for womens in SBI comes at concessional interest rates.

Why Apply for SBI Business Loan?

  • A host of Business Loans to match with diversified customer requirements.
  • The interest rate offered is highly competitive and linked to MCLR.
  • The need-based funding available for all types of business operations.
  • Collateral-free loans available for MSMEs.
  • The application process is simple, as well as easy to follow.
  • Business loan for womens in SBI comes at concessional interest rates.

SBI Business Loan Documents Required

  • Duly filled loan application form.
  • 2 photographs of the applicant in passport size.
  • Proof of identity, such as Passport, PAN Card, Voter ID, or Driving License.
  • Proof of residential address, such as Registered Rent Agreement, Leave and License/, Utility Bill of at least 3 months, or Passport.
  • Proof of business, such as GST/ Service Tax registration, Company's incorporation details including address proof of the business,
  • P&L Account and Balance Sheet certified by a CA, the proof of the business's existence, a copy of the partnership deed and business profile.
  • In case of companies, KYC documents of Directors.
  • For partnership firms, KYC documents of Partners.
  • Bank statements and Sanction Letters of existing loans.
  • All the legal, property-related documents like past Title Chain. E.g. Conveyance Deed, Allotment Letter, Sales Deed, Latest Property Tax Receipt, Possession Letter, Copy of Approved Plan of construction or extension.
  • The documentation requirement may greatly vary as per the loan product. MyMoneyMantra representative will guide you on the same.