Whenever there is a need for capital to pursue a new business, the businessman first thinks about the loan, during this time many questions arise in his mind, from where he can take loan (How to take business loan from SBI). How can I take it?
Many finance companies in India are nationalized banks that give loans to businessmen, but the first name of these comes from State Bank of India SBI.
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How to take business loan from SBI 2021?
So friends, through this article, we are going to tell you today that how to take a business loan from SBI Bank in 2021?
As you all know in India that most of the Indians have their bank account in SBI Bank itself, so the number of people taking loan from SBI Bank is also high.
SBI Bank is India’s largest national nationalized bank, its branches are in many other countries of the world besides India and it is the world’s most branched bank, its reach is from urban to rural areas.
Talking about business loan / business loan, it is easy to take SBI Business Loan 2021. In the absence of information on the direct processor, we make many rounds of SBI Bank to take business loan and still we are not able to get the loan, so today we are going to SBI The smallest and biggest information about business loans is going to be given in this post.
What is the eligibility to take business loan from State Bank of India-(SBI)?
To take business loan from SBI, your age should be more than 18 years and less than 65 years. Sometimes you can apply for business loan business loan from State Bank of India but this age limit changes from time to time.
If you are starting a new business, then you will be given a loan under the Pradhan Mantri Mudra Yojana, its limit will be up to Rs 10,00,000. To know about the Pradhan Mantri Mudra Yojana, click on the link given below.
Must read this – Pradhan Mantri Mudra Yojana
If you already have a business, then SBI bank gives you loan up to one crore, for this you need to have at least 3 years experience in business and it is also necessary to have profit of 2 years on the business you are doing.
Who can take a business loan from State Bank of India?
- Anyone running their own business? Like any private, Any partnership business.
- Apart from this, any person who owns a business.
What are the documents required to get a business loan from State Bank of India?
- VALID ID – AADHAR CARD /VOTER ID
- ADDRESS PROOF
- Pan Card
- Bank Statement of last 6 months
- Balance sheet issued by the auditor of your firm or business.
- Income Tax Return ITR for the last 2 years
- Documents relating to residence or office
How much can I get a business loan from State Bank of India?
In this way, you can get a business loan from SBI from 500000 to one crore, for this different criteria have been made.
Loans less than 10 lakh are given under Pradhan Mantri Mudra Yojana and all those above it are given under SBI Business Loan which can be up to one crore.
How much interest is charged for taking business loan from SBI?
After getting the information about the loan, the question arises in our mind that how much interest will be charged in SBI Business Loan and for how long it will be.
SBI business loan interest rates depend on the category under which you want to take the business loan
SBI Business Loan Interest Rates Information about SBI Business Loan Interest Rate given below 👇
- Pradhan Mantri Mudra Yojana – 11.15%
- Weavers Credit Card-9.75%
- Artisan Credit Card-9.70%
- SBI E Smart -9.00%
- General Business Loan-11.20%-16.30%
Apply Here – SBI Business Loan Apply Now
What are the other fees for availing SBI Business Loan?
While taking a business loan from SBI, processing fee up to 2-3% has to be paid, apart from this there is no document fee and the tenure of this loan can be from 12 months to 48 months.
SBI Bank Business Loan Customer Care Number?
For more details of SBI Business Loan you can contact the customer care service of State Bank of India
Sbi Customer Care Number 1800112211/18004253800
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