SBI Business Loans – Low Interest Rates & Easy Approval

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Key Features of SBI Business Loans

Loan Amount: Minimum: Starts from ₹10 lakh for schemes like the Simplified Small Business Loan (SSBL). Some specialized schemes, like PM Mudra Yojana, offer loans as low as ₹50,000.
Maximum: Up to ₹25 lakh for SSBL, ₹100 crore for certain SME loans, or even ₹500 crore for large-scale corporate loans, depending on the scheme and borrower’s eligibility.
Specialized loans (e.g., for startups or healthcare) may have specific caps, such as ₹20 lakh for defense personnel or ₹1 crore for solar power systems.
Interest Rates: Competitive rates starting from 6.70% p.a. for select schemes, with most loans linked to the External Benchmark Lending Rate (EBLR) or Marginal Cost of Funds Based Lending Rate (MCLR).
Specific schemes:
- Simplified Small Business Loan: Starts at 8.05% p.a.
- PM Mudra Yojana: Linked to MCLR, with agriculture-related loans at 11.75% p.a.
- General business loans: Typically range from 11.10% to 18.30% p.a., depending on the borrower’s credit profile, loan type, and collateral.
Rates are influenced by factors like CIBIL score, business stability, and loan amount. Higher CIBIL scores and longer business tenure may result in lower rates.

- Collateral Requirements:
  Collateral-Free Loans: Available for MSMEs and specific schemes like PM Mudra Yojana (covered by Credit Guarantee Fund for Micro Units) and Stand-Up India (no collateral or third-party guarantee required).
  Secured Loans: Require collateral for higher loan amounts:
  Minimum 40% collateral for SSBL (e.g., mortgage on land/building, lien on fixed deposits, or mutual funds).
  Margin requirement: Typically 10% (ensured through stocks and receivables) or up to 25% for composite loans.
  Specialized loans (e.g., SME eBiz Loan) may require 35% collateral for e-commerce sellers.
- Purpose of Loan: Funds can be used for working capital needs (e.g., inventory, salaries, overheads), fixed asset acquisition (e.g., machinery, vehicles), business expansion, modernization, or technology upgrades.
  Greenfield projects under Stand-Up India for SC/ST and women entrepreneurs, and sector-specific uses like healthcare, transport, solar systems, and e-commerce.
- Target Group: All business units in manufacturing, services, trade, and allied agricultural activities.
  Self-employed professionals (e.g., CAs, doctors), proprietorships, partnerships, and private limited companies.
  Special focus on women entrepreneurs, SC/ST entrepreneurs, e-commerce sellers, and DPIIT-registered startups.
- Application Process: Online Application: Via SBI’s website (onlinesbi.sbi) or SBI e-Mudra portal for instant loans up to ₹50,000.
  Offline: Visit the nearest SBI branch with documents.
  Digital Loans: Up to ₹50 lakh approved in 10 seconds using GST, ITR, and bank statements, with no human intervention. Simplified documentation for MSMEs and SSBL — no financial statements required.
- Fees and Charges: Unified Charges: ₹7,500 + taxes for SSBL (covers processing, documentation, inspection, etc.).
  Processing Fees: Start from 1% of loan amount (vary by scheme).
  Foreclosure Charges: 3% if prepaid after 6 EMIs. Additional charges based on scheme and profile.
- Repayment Options: EMIs can be paid via Standing Instructions (SI), ECS, or Post-Dated Cheques (PDC).
  Flexible prepayment allowed; EMI calculators available online to estimate savings.
  Overdraft facilities like SSBL offer dropline overdraft with reducing drawing power.
- Special Schemes: Simplified Small Business Loan (SSBL): ₹10–25 lakh, no financial statements, need-based assessment.
  PM Mudra Yojana: Up to ₹10 lakh (₹20 lakh as per latest), instant loans up to ₹50,000.
  Stand-Up India: Collateral-free loans for SC/ST and women for greenfield projects.
  SME eBiz Loan: For e-commerce sellers with 6-month track record.
  SME Finance for CA Firms: Term loans/OD for office expenses or equipment.
  Healthcare Business Loan: Medical equipment or healthcare expansion.
  Digital Loans: Fast approvals using GST/IT data for MSMEs.
- Additional Benefits: MUDRA RuPay Card for eligible CC accounts under PMMY for flexible withdrawals.
  EMI Calculator to plan monthly payments and total interest.
  Concessional rates for women and digital loans (e.g., 5 bps concession via YONO).
  Customized products for healthcare, transport, and startups.
  Credit guarantee through CGSSI and CGFMU for reduced borrower and lender risk.

Benefits of SBI Business Loans

Flexible Financing Options: Loans for diverse needs: working capital, machinery purchase, business expansion, modernization, or greenfield projects. Wide loan range: From ₹50,000 (PM Mudra Yojana) to ₹100 crore or more for large-scale businesses.
Competitive Interest Rates: Rates start at 6.70% p.a. for select schemes, with most linked to EBLR or MCLR, ensuring transparency. Concessional rates for women entrepreneurs and digitally sourced loans (e.g., 5 bps discount via YONO).
Collateral-Free Options: Schemes like PM Mudra Yojana and Stand-Up India offer loans without collateral or third-party guarantees, reducing financial burden for MSMEs and startups. Credit guarantee schemes (e.g., CGFMU, CGSSI) enhance accessibility for micro and small enterprises.
Flexible Repayment Terms: Tenure from 12 months to 20 years, with options for EMIs, overdrafts, or moratoriums (e.g., 18 months for Mudra loans). Prepayment flexibility with calculators to assess savings and minimal foreclosure charges (3% after 6 EMIs).

- Quick and Simplified Processing: Loans up to ₹50 lakh approved in 10 seconds using GST, ITR, and bank statement data, with no human intervention. Online application via SBI’s website portal for instant loans up to ₹50,000.
- Tailored Products for Diverse Sectors: Specialized loans for e-commerce sellers, healthcare professionals and solar power projects. Support for women and SC/ST entrepreneurs through Stand-Up India for greenfield ventures.
- Enhanced Accessibility: Available to private limited companies, self-employed professionals, and businesses in manufacturing, services. Minimal eligibility criteria, with relaxed norms for MSMEs and startups registered with DPIIT.
- Additional Features: MUDRA RuPay Card: Facilitates flexible withdrawals for cash credit accounts under PM Mudra Yojana. EMI Calculator: Helps estimate monthly payments and interest, aiding financial planning.
- Support for Business Growth: Funds technology upgrades, inventory, salaries, or expansion, boosting operational efficiency and competitiveness. Enables businesses to seize market opportunities without straining cash flow.
- Government-Backed Schemes: Integration with initiatives like PM Mudra Yojana and Stand-Up India ensures subsidized rates and risk coverage, benefiting micro-units and underrepresented groups.

How to Apply for SBI Business Loans

1. Determine Eligibility
2. Choose the Right Loan Scheme
- Simplified Small Business Loan (SSBL): ₹10–25 lakh, hassle-free for SMEs.
- PM Mudra Yojana: Up to ₹20 lakh for micro-units, instant loans up to ₹50,000 via e-Mudra.
- Stand-Up India: Collateral-free for greenfield projects (women/SC/ST).
- SME eBiz Loan: For e-commerce vendors.
- Healthcare/CA/Startup Loans: Industry-specific financing.
- Verify loan amount, interest rates (starting at 6.70% p.a.), and collateral requirements on SBI’s website.
3. Gather Required Documents
- Common Documents:
  - Identity Proof: Aadhaar, PAN, voter ID, or passport.
  - Address Proof: Utility bill, Aadhaar, or lease agreement.
  - Business Proof: GST registration, Udyam registration, shop license, or incorporation certificate.
  - Financial Documents: Last 2–3 years’ ITR, balance sheet, profit/loss statement, and bank statements (6–12 months).
  - Loan Application Form: Duly filled with passport-sized photographs.
- Scheme-Specific Documents:
  - SSBL: No financial statements required; collateral proof (e.g., property documents) for secured loans.
  - PM Mudra: Minimal documentation; e-Mudra needs Aadhaar-linked account.
  - Stand-Up India: Project report for greenfield ventures.
  - Digital Loans: GST returns, ITR, and bank statements for loans up to ₹50 lakh.
- Collateral Documents (if applicable): Property title deeds, fixed deposit certificates, or mutual fund statements.
4. Application Process
- Online Application:
  - Visit SBI’s official website (onlinesbi.sbi) or the YONO SBI app.
  - Navigate to the “Business Loans” section and select the desired scheme.
  - Fill out the online application form with personal, business, and loan details.
  - Upload scanned copies of required documents.
  - Submit the application. For digital loans (up to ₹50 lakh), approval can be instant (within 10 seconds) using GST/ITR data.
- For e-Mudra loans (up to ₹50,000):
  - Log in to SBI e-Mudra portal (emudra.sbi.co.in:8044).
  - Provide Aadhaar and PAN details, link an SBI account, and complete e-KYC.
  - Receive instant sanction and disbursal to the linked account.
- Offline Application:
  - Visit the nearest SBI branch or contact a relationship manager.
  - Request the business loan application form for the chosen scheme.
  - Submit the filled form along with physical copies of documents.
  - Branch officials will verify documents and assess eligibility.
- Note: For loans above ₹50 lakh or secured loans, additional verification (e.g., collateral valuation) may be required.
5. Loan Processing and Approval
- SBI evaluates the application based on credit score, business stability, revenue, and collateral (if applicable).
- Digital loans use automated credit assessment (GST/ITR/bank data) for quick sanction.
- For larger loans, SBI may conduct site visits or require a project report.
- Approval timeline: Instant for e-Mudra/digital loans; 7–15 days for others, depending on complexity.
6. Loan Disbursal
- Upon approval, sign the loan agreement and complete formalities (e.g., collateral documentation).
- Funds are disbursed to the borrower’s SBI account or as per the loan terms.
- For overdraft facilities (e.g., SSBL), access funds via a dropline overdraft account.
7. Repayment Setup
- Repay via EMIs through:
  - Standing Instructions (SI): Auto-debit from an SBI account.
  - ECS or Post-Dated Cheques (PDC).
- Use SBI’s EMI calculator to plan repayments.
- Overdraft loans may have flexible repayment or annual renewal.
8. Tax Benefits for Business Loans
- Interest paid on business loans is eligible for tax deductions under Section 37 of the Income Tax Act.
- For self-employed individuals or businesses, interest on working capital loans, term loans, and overdrafts can be deducted.
- Ensure that loan repayments are well documented to avail of tax benefits.
9. Loan Top-up and Renewal
- If the business needs additional funding, SBI offers a top-up loan after assessing the existing loan's repayment track record and business performance.
- For businesses requiring ongoing support, renewal or extension of existing loans is possible, subject to approval from the bank.
- Loan renewal can offer better terms if the business has shown consistent growth and timely repayments.
10. Loan Prepayment and Foreclosure
- Prepayment of loans can be made at any time, subject to the loan agreement and penalties (if applicable).
- Foreclosure (early closure) of loans may attract a fee or penalty, depending on the loan terms.
- Consider evaluating loan options before prepaying to ensure it's the right financial decision for your business.

Eligibility Criteria for SBI Business Loans

Eligible Entities:
- Business Types: Proprietorships, partnerships, private limited companies, limited liability partnerships (LLPs), or trusts engaged in manufacturing, services, wholesale/retail trade, or allied agricultural activities.
- Self-Employed Professionals: Chartered accountants, doctors, architects, etc.
- Micro, Small, and Medium Enterprises (MSMEs): As per MSME classification (based on investment and turnover).
- Startups: Registered with the Department for Promotion of Industry and Internal Trade (DPIIT).
- Special Categories: Women entrepreneurs and SC/ST entrepreneurs (eligible for schemes like Stand-Up India).
Business Vintage:
- Minimum operational history of 3 years for most loans (e.g., SSBL, SME eBiz Loan).
- Relaxed for specific schemes:
  - PM Mudra Yojana: No minimum vintage for micro-units.
  - Stand-Up India: No vintage required for greenfield projects.
  - Startups: May require DPIIT registration instead of vintage.
Credit Score:
- CIBIL score of 700 or above preferred for better interest rates and approval chances.
- Lower scores may be considered for collateral-backed loans or government-backed schemes (e.g., Mudra, Stand-Up India), but with stricter terms.
Age of Applicant:
- Typically 21–65 years at the time of loan maturity.
- Relaxations for specific schemes (e.g., Stand-Up India may allow younger entrepreneurs for greenfield projects).
Business Financials:
- Stable revenue and profitability for the last 2–3 years (verified via ITR, balance sheet, or GST returns).
- Minimum turnover requirements may apply for larger loans (e.g., ₹50 lakh+).
- For digital loans (up to ₹50 lakh), GST returns and bank statements suffice for assessment.
Nationality and Residency:
- Applicant must be an Indian citizen or a resident entity registered in India.
- Non-Resident Indians (NRIs) may be eligible for specific loans with additional documentation.
Regulatory Compliance:
- Valid business registrations: GST, Udyam (for MSMEs), shop license, or incorporation certificate.
- No defaults with banks or financial institutions.
- Clean legal record with no ongoing litigation affecting creditworthiness.
Scheme-Specific Eligibility Criteria
- Simplified Small Business Loan (SSBL):
  - Loan Amount: ₹10–25 lakh.
  - Eligible Entities: Small businesses, retail traders, or service providers.
  - Business Vintage: Minimum 3 years with stable operations.
  - Collateral: Minimum 40% collateral (e.g., property, fixed deposits, or mutual funds).
  - Financials: No financial statements required; need-based assessment using bank statements or GST returns.
  - CIBIL Score: Preferably 700+.
- PM Mudra Yojana:
  - Loan Amount: Up to ₹20 lakh (Shishu: ₹50,000; Kishore: ₹50,001–₹5 lakh; Tarun: ₹5,00,001–₹20 lakh).
  - Eligible Entities: Micro-units in non-agricultural sectors (manufacturing, trading, services) or allied agricultural activities.
  - Business Vintage: No minimum vintage; new businesses eligible.
  - Collateral: Collateral-free, covered by Credit Guarantee Fund for Micro Units (CGFMU).
  - Additional: e-Mudra (up to ₹50,000) requires an SBI account and Aadhaar for e-KYC.
- Stand-Up India:
  - Loan Amount: ₹10 lakh–₹1 crore.
  - Eligible Entities: Women entrepreneurs or SC/ST entrepreneurs for greenfield projects in manufacturing, services, or trading.
  - Age: Minimum 18 years.
  - Business Vintage: No prior business history required (new ventures eligible).
  - Collateral: Collateral-free; covered by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
  - Additional: Must not be in default with any bank/financial institution.
- SME eBiz Loan:
  - Loan Amount: Based on e-commerce turnover (typically ₹10 lakh–₹2 crore).
  - Eligible Entities: E-commerce sellers on platforms like Amazon, Flipkart, etc.
  - Business Vintage: Minimum 6 months of selling history on the platform.
  - Collateral: Minimum 35% collateral (e.g., property or fixed assets).
  - Financials: Turnover proof via platform sales data and bank statements.
- SME Finance for CA Firms:
  - Loan Amount: Based on need (term loans or overdrafts).
  - Eligible Entities: Practicing chartered accountants or CA firms.
  - Business Vintage: Minimum 2–3 years of practice.
  - Collateral: May be required for higher amounts.
  - Additional: Proof of professional registration with ICAI.
- Healthcare Business Loan:
  - Loan Amount: Up to ₹20 crore (depending on project size).
  - Eligible Entities: Doctors, hospitals, clinics, or diagnostic centers.
  - Business Vintage: Minimum 2 years for existing setups; new projects may qualify with a strong business plan.
  - Collateral: Required for larger loans; smaller loans may be collateral-free under CGTMSE.
- Startup Loans:
  - Loan Amount: Varies (typically up to ₹50 lakh for early-stage startups).
  - Eligible Entities: DPIIT-registered startups in technology, manufacturing, or services.
  - Business Vintage: Relaxed; new startups eligible with a viable business plan.
  - Collateral: May be collateral-free under CGTMSE for eligible startups.

Documents Required for SBI Business Loans

Loan Application Form:
- Duly filled and signed SBI business loan application form (available online at onlinesbi.sbi or at SBI branches)
- Two passport-sized photographs of the applicant
Identity Proof (any one):
- Aadhaar card
- PAN card
- Voter ID
- Passport
- Driving license
Address Proof (any one):
- Aadhaar card
- Utility bill (electricity, water, or gas bill, not older than 3 months)
- Passport
- Rent/lease agreement
- Property tax receipt
Business Proof:
- GST registration certificate
- Udyam registration certificate (for MSMEs)
- Shop and establishment license
- Certificate of incorporation (for companies) or partnership deed
- Memorandum and Articles of Association (for private limited companies)
- DPIIT registration certificate (for startups)
Financial Documents:
- Income Tax Returns (ITR) for the last 2–3 years (self and business)
- Balance sheet and profit/loss statement for the last 2–3 years, certified by a Chartered Accountant
- Bank statements for the last 6–12 months (business account)
- GST returns (for businesses registered under GST)
- Projected financials or business plan (for larger loans or startups)
Scheme-Specific Documents
Simplified Small Business Loan (SSBL):
- Loan Amount: ₹10–25 lakh
- Financials: No audited financial statements required; bank statements or GST returns suffice
- Collateral: Property documents, fixed deposits, or securities (minimum 40%)
- Business Proof: GST registration, Udyam certificate, or shop license
- Proof of 3 years’ business vintage
PM Mudra Yojana:
- Loan Amount: Up to ₹20 lakh (Shishu, Kishore, Tarun categories)
- Minimal Documentation: Identity and address proof (Aadhaar mandatory for e-Mudra)
- Business Proof: GST registration, Udyam certificate, or self-declaration
- For e-Mudra: Aadhaar-linked SBI account, PAN optional
- For Kishore/Tarun: ITR, bank statements, or GST returns for 1–2 years
- No collateral required (covered by CGFMU)
Stand-Up India:
- Loan Amount: ₹10 lakh–₹1 crore
- Identity Proof: Aadhaar, PAN, or voter ID
- Business Proof: Project report for the greenfield project
- Address Proof: Rent agreement or utility bill
- Caste Certificate: For SC/ST applicants
- Financials: ITR or bank statements
- No collateral required (covered by CGTMSE)
SME eBiz Loan:
- Loan Amount: Based on e-commerce turnover
- Business Proof: Seller registration on e-commerce platforms (6-month track record)
- Financials: Sales data, bank statements (6–12 months), GST returns
- Collateral: Property or securities (minimum 35%)
- ITR for the last 2 years

Factors for SBI Business Loans

Credit Score/CIBIL Score:
- A minimum CIBIL score of 700 is typically required.
- Higher scores increase the likelihood of loan approval at lower interest rates.
- A low score may lead to higher rates or rejection.
Business Vintage and Stability:
- Businesses must have been operational for at least 3 years in the same locality.
- For certain schemes like the Simplified Small Business Loan (SSBL), proof of business continuity (e.g., ITR, trade license) is needed.
- Applicants with significant business experience (minimum 3–5 years) may secure better terms.
Business Income and Turnover:
- SBI evaluates annual turnover (minimum ₹20 lakh for some schemes) and profitability.
- Higher revenue and stable income reduce perceived credit risk, potentially lowering interest rates.
- For SSBL, a monthly average balance of ₹1 lakh in the last 12 months and credit summations of over ₹50 lakh are required.
Nature of Business:
- Eligible businesses include those in manufacturing, trading, services, self-employed professionals, and wholesale/retail trade.
- The scope and nature of the business influence loan suitability and terms.
Collateral and Margin:
- Secured loans require collateral (e.g., property, fixed deposits, or stocks), with a minimum of 40% collateral for SSBL and 10% margin (stocks/receivables).
- Unsecured loans may not require collateral but carry higher interest rates.
- No collateral is needed for loans under schemes like PM Mudra Yojana or Stand-Up India, which are covered by credit guarantee schemes.
Loan Amount and Purpose:
- Loan amounts range from ₹10 lakh to ₹100 crore, depending on the scheme (e.g., SSBL: ₹10–25 lakh).
- The purpose (e.g., working capital, expansion, equipment purchase) affects loan structure and terms.
- Higher loan amounts may attract lower interest rates.
Repayment Capacity and Tenure:
- SBI assesses the applicant’s ability to repay through income stability and cash flow.
- Repayment tenure ranges from 12 months to 7 years (up to 20 years for some schemes).
- EMIs are calculated based on loan amount and interest rate.
- Flexible repayment options include standing instructions, ECS, or post-dated cheques.
Documentation:
- Required documents include KYC (Aadhaar, PAN, etc.), business proofs (ITR, trade license, partnership deed), and financial statements (last 2 years’ ITR, balance sheet, P&L).
- For digital loans, SBI may use GST and ITR data to waive financial statements for loans up to ₹50 lakh.
Applicant Profile:
- Age: Typically 21–65 years at loan maturity.
- Eligible entities: Proprietors, partnerships, private limited companies, and self-employed individuals.
Government Schemes and Special Programs:
- Loans under PM Mudra Yojana, Stand-Up India (for women/SC/ST entrepreneurs), or startup finance may have relaxed eligibility, lower rates, or no collateral requirements.
Interest Rate Determinants:
- Rates start at 9.10%–11.20% p.a., linked to EBLR or MCLR.
- Rates vary based on credit score, loan amount, business profile, and collateral.
- Factors like digital sourcing (via YONO) or specific schemes may offer concessions.

Frequently Asked Questions (FAQs)

What types of businesses are eligible for SBI business loans?

Proprietorships, partnerships, private limited companies, LLPs, trusts, MSMEs, startups (DPIIT-registered), and self-employed professionals (e.g., doctors, CAs) engaged in manufacturing, services, trade, or allied agricultural activities. Special schemes like Stand-Up India prioritize women and SC/ST entrepreneurs.

What is the minimum and maximum loan amount for SBI business loans?

Minimum: ₹50,000 (e-Mudra under PM Mudra Yojana).
Maximum: Up to ₹25 lakh (SSBL), ₹20 lakh (Mudra), ₹1 crore (Stand-Up India), or ₹100 crore+ for large SMEs, depending on the scheme and eligibility.

What are the interest rates for SBI business loans?

Rates start at 6.70% p.a. for select schemes, typically linked to EBLR or MCLR. Examples:
SSBL: From 8.05% p.a.
PM Mudra: 11.75% p.a. (agriculture-related) or MCLR-based.
General range: 11.10%–18.30% p.a., based on credit score, collateral, and loan type. Women entrepreneurs and digital loans may get concessions (e.g., 5 bps via YONO).

Are SBI business loans collateral-free?

Yes, for specific schemes:
PM Mudra Yojana: Collateral-free, covered by CGFMU.
Stand-Up India: No collateral or third-party guarantee, covered by CGTMSE.
Some MSME loans: Collateral-free up to ₹50 lakh under CGTMSE.
Secured loans (e.g., SSBL, SME eBiz) require collateral (e.g., property, fixed deposits) with a minimum of 35–40% of the loan amount.

What is the repayment tenure for SBI business loans?

Ranges from 12 months to 20 years, depending on the scheme:
SSBL: Up to 5 years.
PM Mudra: Up to 7 years (18-month moratorium for eligible cases).
Stand-Up India: Up to 7–10 years.
Working capital loans: Often renewable annually or payable on demand.

Who can apply for SBI business loans?

Indian citizens or resident entities (21–65 years at loan maturity) running eligible businesses. Key criteria:
Business vintage: Minimum 3 years for SSBL, SME eBiz; relaxed for Mudra or startups.
CIBIL score: Preferably 700+ for better terms.
Valid registrations: GST, Udyam, or incorporation documents.
Women/SC/ST entrepreneurs qualify for Stand-Up India.

What documents are required to apply for an SBI business loan?

Common documents include:
Identity/address proof (Aadhaar, PAN, passport).
Business proof (GST registration, Udyam certificate, shop license).
Financials (ITR, balance sheet, bank statements for 2–3 years).
Loan application form with photographs.

Scheme-specific:
SSBL: Collateral documents (e.g., property deeds).
PM Mudra: Minimal docs; Aadhaar for e-Mudra.
Stand-Up India: Project report for greenfield projects.
SME eBiz: E-commerce sales data.

How can I apply for an SBI business loan?

Online: Via SBI’s website (onlinesbi.sbi), YONO app, or e-Mudra portal (emudra.sbi.co.in:8044 for loans up to ₹50,000). Upload documents and get instant approval for digital loans (up to ₹50 lakh).
Offline: Visit an SBI branch, submit the application form and documents, and consult a loan officer.
Digital loans use GST/ITR/bank data for quick sanction (within 10 seconds).

How long does it take to get an SBI business loan approved?

Digital loans (e.g., e-Mudra, up to ₹50 lakh): Instant approval (within 10 seconds) using automated credit assessment.
Other loans: 7–15 days, depending on loan size, collateral verification, or site visits. Larger loans (e.g., ₹50 lakh+) may take longer.

What is the purpose of SBI business loans?

Funds can be used for:
Working capital (inventory, salaries, overheads).
Asset purchase (machinery, vehicles, equipment).
Business expansion, modernization, or technology upgrades.
Greenfield projects (Stand-Up India).
Sector-specific needs (e.g., e-commerce, healthcare, solar power).

Are there any fees or charges for SBI business loans?

Yes, including:
Processing Fees: Starting at 1% of the loan amount (varies by scheme).
Unified Charges: ₹7,500 + taxes for SSBL (covers documentation, inspection, etc.).
Foreclosure Charges: 3% if prepaid after 6 EMIs.
Additional charges may apply (e.g., collateral valuation). Check scheme-specific terms.

Can startups apply for SBI business loans?

Yes, DPIIT-registered startups are eligible, especially for schemes like Stand-Up India or MSME loans. Requirements include a business plan, DPIIT certificate, and projected financials. Collateral may be relaxed under CGTMSE.

List of SBI Business Loans

Simplified Small Business Loan (SSBL)
PM Mudra Yojana
Stand-Up India
SME eBiz Loan
SME Smart Score

SME Finance for CA Firms
Healthcare Business Loan
Startup Loans
SME Asset-Backed Loans
e-Dealer Financing Scheme

SME Working Capital Loans
Commercial Vehicle Loans
Solar Power System Loans
Transport Plus Loan
e-Vendor Financing Scheme

Doctor Plus Loan
Warehouse Receipt Financing
SME Credit Card
Export Credit

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