What is SBI Business Loan?
SBI is the most famous and trusted bank in India. This bank provides different types of facilities to all its customers. In such a situation, you get to see many types of loan facilities in this bank of every bank. In such a situation, today we will give you information about the most famous Business Loan from this bank. So in today’s post, the information that we are going to give you, that information will prove to be very useful to you, if you are thinking of taking a loan from here. So we request that if you want to take a loan from here, then you should read this post of ours very carefully and till the end. We do not want you to leave this post half finished and go away. And then you don’t even get any information. So you read this post of ours very carefully and till the end. So before proceeding with the post, let us know what you will know in this post?
Information Related SBI Business Loan
First of all, we will give you information about the loan amount given by SBIand how much loan you can get from here.
Whatever loan will be given to you by this bank, at what rate of interest will that loan be given to you?
How long tenure rate will be charged to you on taking a loan from SBI, That is, for how long can you take the loan.
What is the main processing fee that will be charged to you on taking a loan from this bank?
What are the main documents you will need? If you want to take Business Loan from SBI,
Which eligibility do you have to fulfill?
In the end, we will tell you how you can apply for a loan from this bank.
So first of all let’s talk about the loan amount given by this bank.
Loan Amount From SBI Business Loan
Friends, let us tell you for your information that you can get a loan of at least 10 thousand from this. That is if you need less loan, then whatever loan amount you take from here, that loan will give you at least 10 thousand will have to be taken.
And on the other hand, if you want to take a maximum loan from here, then you can get a Business Loan of up to 15 lakhs from here.
That is, Union Bank gives you loan amounts ranging from 10 thousand to 15 lakhs.
So after taking the information about the loan amount, now we know that whatever loan will be given to you from here, you will get the loan according to the interest rate of what percent.
Interest Rate Of SBI Business Loan
Friends, whatever loan will be given to you from here, the interest that you will get on it, it is not at all certain. By this we mean that you do not get to see one type of interest rate here. Whatever interest rate you will be charged here, those interest rates will not be fixed but they will start from 8.90%. That is, the Business Loan that will be given to you by SBIyou will get it at an interest rate of at least 8.90%.
So after knowing about the interest rate, now we know that whatever loan will be given to you, for how long those loans will be given to you.
Tenure Rate Of SBI Business Loan
Friends, whatever loan you will get from here, you will get this loan for at least 12 months and for 1 year. And the same if you take a loan from here for a longer period, then from here you can take those loans for 60 months ie 5 years. That is, Union Bank will give you time from 1 year to 5 years.
After knowing about the tenure rate, now we know how much processing fee will be charged to you.
Processing Fee Of SBI Business Loan
Friends, whatever processing fee will be charged to you from here, the processing will depend on how much loan you have taken. By the way, the processing fee that you will be charged here will be equal to 0.5% of the processing loan amount. And this processing fee will be at least Rs 500.
ELIGIBILITY CRITERIA REQUIRED FOR SBI Business Loan
First of all, your age must be at least 18 years. And the maximum age can be 55 years.
Secondly, you must work somewhere, so that they can return the loan amount in time.
Third, the person who wants to take the loan should not be an employee of SBInor should he be a government employee.
Documents Required For SBI Business Loan
First of all, you will need your PAN card, you will need a photocopy of PAN.
You will have to provide proof of your identity, for which you can use your Aadhar card, driving license, and passport.
You will also have to provide proof of your address, for which you can use your telephone bill or electricity bill.
You will also have to show your income profile, for which you can also show your salary slip.
2 passport size photographs will also be required.
So friends, now let us give you information that how can you get a loan from here?
HOW TO APPLY FOR SBI Business Loan
- First of all you have to write on Google “SBI Business Loan,
- Then the official website of this bank will come in front of you.
- On which you have to click on it to proceed.
- Then there you also get to see an option of “ONLINE APPLICATION FORM”.
- Then you have to go there and fill it all.
- And then if you are eligible for the loan, then all the loan amount will be deposited in your bank.