Top 7 SBI Business Loans for Businessmen in India-2023
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In India, SBI Business Loan is available to large companies as well as small and mediumsized businesses. The banking giant offers a range of commercial loans, including secured and unsecured business loans with lowinterest rates @11% and a maximum of 15 years.

SBIState Bank of India also provides different SBI Business Loans to citizens of India, government programs such as the PMEGP, MUDRA Loan, and Standup in India. SBIs midcorporate loans range from Rs.50 Crores to Rs. 500 Crores.

Working capital finance, project finance, corporate finance, dealer finance, and dealer methods are also available at SBI. The Loan provides easy and longer monetary assistance against any leverage or security with a decent valuation of the businessmen.


SBI Business Loan Features & benefits:-

  • Many varieties of loan schemes:- State Bank of India offers a wide selection of Business Loans to meet the needs of a wide range of customers in India .SBI Bank Business Loan is available in amounts ranging from Rs. 10,000 to Rs. 500 Crore depending on the business profile of the clients.
  • Low-Interest rates;- At SBI, MSMEs can get loans with no collateral. State Bank of India offers collateral-free Business Loans.
  • Easy Application Process:-The application procedure of applying for an SBI Business Loan is simple and quick to follow. You can get through the whole process in a few minutes without any difficulty.
  •  Flexible Repayment Tenure;- The State Bank of India offers its lenders a flexible loan repayment period ranging from one year for working capital to 15 years for monetary loans.
  • SBI-Business Loan for Women:-Women can enjoy the many advantages of an SBI Business Loan in India that is specifically curated for them. In India Women-owned businesses with more than 50% of their company shares owned by women industrialists.
  • Women entrepreneurs can get a benefit0-05% interest rate reduction for loans ranging from Rs, 2 Lakhs to Rs. 50 Lakhs. 

SBI Business Loan Eligibility:-

  • The SBI Business Loan is available to any Indian citizen who owns a business and has residual income and the ability to repay the loan properly in time.
  • The business that falls under the SME categories is eligible to apply for an SBI Business Loan. These SME businesses are engaged in trade, manufacturing, or self-employment.
  • The businessmen who have current business for at least three years and have a total of five years of business experience are eligible for an SBI Bank Business Loan.
  • The applicant must be at least 21 years old at the time of loan application and below 65 years at the time of loan maturity.
  • TheIn the business company’s annual revenue should be at least Rs. 40 Lakh.
  • The company should generate a minimum annual income ITR of Rs. 1.5 Lakh per year.
  • An applicant must have a good credit score. Banks are required to verify that the borrower profile & checked  has not defaulted on any financial institution about the previous loan.


Factors Affecting SBI Business Loan Interest:-

  • CIBIL Score:- The CIBIL score of the client if is low, SBI will offer you a Business Loan with a higher Interest rate and vice versa. To get a loan from SBI, however, your CIBIL score must be Minimum  
  • The higher of your CIBIL score the better your chance of getting a low-interest Business Loan from SBI.
  • Business Experience:- The wide range of business experience, will be provide you a low-interest loan.
  • SBI requires a minimum of 3 years of business experience to obtain a Business Loan.
  • If the client have higher monthly revenue, SBI will offer you a loan with lower interest rates. Lenders with an annual turnover of a maximum of Rs. 20 Lakhs are eligible for bank loans from SBI.
Top 7 SBI Business Loans for Businessmen in India-2023

SBI-e-Mudra Loan Scheme:-

In SBI Business Loan category-The SBI Mudra Loan offers lowinterest rates and nominal administrative fees for small and mediumsized businesses. The loan can be used for the purchase of raw materials, inventory, working capital, and plant and machinery.

 The Indian government’s program has been especially beneficial for small, micro, and medium-sized firms in the service and manufacturing industries.

Through this loan, businesses can enjoy flexible repayment options. SBI can help entrepreneurs make their dreams come true with the Mudra Loan. 

Top 7 different SBI Business Loan schemes:-

 1. Commercial Real Estate Asset –Backed Loan:-

This is one of the top SBI Business Loan categories in SBI.The purpose /acquisition of real estate such as office buildings, retail space, industrial or warehouse space, multiplex, hotels, restaurants, gymnasium parks, cold storage, etc.

Where the prospect for repayment would generally be a lease or rental payment or sale of the asset.

The Important feature of this Loan is as follows:-

  • The targeted group is Proprietorship, Partnership, Company LLP.
  • The minimum Loan Amount is Rs. 10 Lacs. The maximum loan amount is Metro & Urban Center is Rs. 50 Crore.Semi-Urban areas Rs. 20 Crore.
  • The margin is 25% both for working capital and acquisition fixed assets.
  • Competitive pricing to MCLR ( 6 months)/EBLR
  • Repayment periods are 12 months to 72 months.
  • Interest is to be serviced monthly during the period of moratorium also.
  • Upfront fees/Processing Fee is 1% of the limit(UppercapRs. 10 lacs)


Top 7 SBI Business Loans for Businessmen in India-2023
Credit for Export Packing Loan of SBI

2. Credit for Export Packing Loan:-

This loan’s purpose is to purchase raw materials, process, packing, transport, and warehouse goods meant for export. It has two essential features (viz) existence of an export order or letter of credit and liquidation of the packing by submission of export documents within a stipulated period. This is one of the best SBI Business Loans for Import & export businessmen in India.

The Important feature of this loan is as follows:-

  • There is Pre Shipment finance extended as working Capital allowed.
  • This loan to be provided to Manufacturers, as well as merchant exporters, is eligible to avail of Rupee Packing Credit at a concessional rate of interest.
  • It is a need-based Finance( No minimum /maximum)
  • The percentage of the margin is determined depending on the nature of the order, commodity, capability of the exporter, etc.
  • The Collateral Security is applicable in case of Cash Credit/Working capital limits.
  • The Repayment period for which the Bank gives packing credit depends on the manufacturing/trade cycle or specific requirements of the individual export, normally not exceeding 180 days.
  • Processing fees and Upfront fees as applicable to cash Credit Facility/ Working Capital Limits.


3. Loan Secured by Assets (Loan against Property):-

LAP is the most demandable SBI Business loan category in SBI.A dream comes true. Do you need funds to meet expenditures on education, marriage, healthcare, etc? There is a  simple undertaking in the application itself and no documentary evidence for the end use of the fund to be insisted upon of this LAP.

Employees, professionals, and self-employed individuals who are IT assess and NRIs who own residential property or commercial property in his or her name or in the name of spouse/children/parent/sibling.

The Important feature of this Loan is as follows:-

  • This is complete transparency in operation.
  • Personal Loan to individual owners of residential homes/flats and select commercial properties.
  • This loan is Access from a wide network of branches.
  • Interest rates are levied on daily reducing balance methods.
  • Lowest processing charges.
  • Rental Income in select cases is also considered for loan eligibility.
  • No prepayment penalties. You can have surplus funds at any time thereby conveniently reducing your loan liability and interest burden to the bank.
  • The minimum Loan amount is Rs. 10Lacs in this loan
  • Maximum Loan Amount Rs. 7.5 Crore in this loan
Top 7 SBI Business Loans for Businessmen in India-2023

4. SBI Fleet Finance Scheme Loan:-

SBI fleet finance scheme is aimed at providing loans for transport operators owing a fleet of commercial vehicles like trucks, trailers, tankers, and buses. This is one of the best SBI Business loans for transporter in India.

SBI is the premier Bank with over 200 years of history and is the largest commercial bank in India in terms of Assets, deposits, profits, branches, customers, and employees.

SBI fleet finance scheme provides loans for new four-wheelers like trucks, trailers, tankers, tippers, luxury buses, and cars. Finance for fully built vehicles, chassis, bodybuilding, road tax, registration, and insurance is also available under the scheme.

Important Feature of this loan is as follows:-

  • Existing fleet operators (goods or passengers) have a minimum experience of 5 years or more in the industry.
  • Fleet owners have an existing fleet of a minimum of 10 vehicles.
  • In this loan the Small Road Transport Operators will not be eligible
  • A loan will be provided for a minimum of 10 new vehicles or a minimum loan amount of Rs. 50 Lakhs.
  • Transport operators must hold national or state route permits and other necessary permits/licenses/approvals.
  • There should be a satisfactory track record with an existing bank or financial institution.
  • Income Tax Payer (Personal/ Business).
  • A minimum loan of Rs. 50 Lakhs & a maximum loan amount of Rs. 10 Crore can be sanctioned under the SBI fleet finance as a term loan.
  • The repayment period for the loan can be up to 66 months.
  • Collateral security is not required in the case of borrowers with an excellent track record.

5.Simplified Small Business Loan(SSBL):-

The main purpose of this loan is to provide hassle-free for meeting only working capital requirements related to the business activity of the unit. This SBI Business loan is the best for small businessmen in India.

The Important feature of this loan is as follows:-

  • All Business units engaged in manufacturing, and services activities along with self-employed and professional individuals, wholesale/retail trade.
  • Minimum above amount Rs. 10 Lakhs and Maximum Rs. 25 Lakhs.
  • In this loan There is Minimum collateral of 40% in the form of exclusive mortgage charge on Land & Building/cash equivalent like lien/charge on Fixed deposit, Mutual fund, etc.
  • Personal guarantee of all Directors/ partners. However, personal guarantee of professional director/Independent director.
  • Personal Guarantee of the owner of the Collateral Security as Mortgage/Pledge.
  • Limits can be sanctioned for a period ranging from 12 months to 60 months, including a moratorium of a maximum of three months.
  • Regular transactions are permitted up to the drawing power available.
  • Unified Charges Rs. 7500/- plus applicable taxes. The Unified annual charges comprising of the processing fee, EM charges, documentation charges, Inspection charges, and remittance charges.


6. SBI Overdraft Features:-

The Important key features of the overdraft account of SBI are as follows. These overdraft facilities are only available in the SBI Business loans category in SBI.

  • You can avail loan up to 95% of the value of your Time Deposit.
  • The minimum loan amount for online overdraft against a Fixed deposit is Rs. 5000.
  • In this loan the maximum loan amount for online overdraft against Fixed Deposit is Rs. 5 Crore.
  • It is available as both a Demand Loan and an Overdraft Facility as per your need.
  • The bank offers a low SBI OD interest and the interest is charged on a daily reducing balance.
  • There are no processing charges or repayment penalties.
  • This loan can be availed to Indian citizen  through multiple channels, including Internet Banking, YONO, and SBI branches.
  • The interest rate for SBI Overdraft is 1% above the relative time deposit rate.

SBI Over draft Eligibility:-

  • Customers( Single/joint Account Holders0 who are holding SBI’s TDR/STDR/RD/RFC&FCNR deposit are eligible to avail of this loan.
  • Single Account Holders can also avail of SBI Overdraft loans against TDR and STDR online via the Internet Banking system.
  • Individual customers holding TDR/STDR/e-TDR/e-STDR with SBI in the single name can avail of this facility online.
  • In this facility, Joint Account Holders can only avail of this facility at the SBI branches.


Top 7 SBI Business Loans for Businessmen in India-2023
Top 7 SBI Business Loans for Businessmen in India-2023

7.State Bank of India Stand–up India Loan Scheme:-

Stand-up India scheme offers bank loans from Rs. 10 lacks to Rs. 1 Crore to at least one woman borrower and one Scheduled Caste( SC) or Scheduled Tribe borrower per bank branch for setting up of Greenfield enterprise. This is one of the best loans for startup businesses in the SBI Business loan category in SBI.

The enterprise shall be engaged in agri-allied activities, manufacturing or ,trading sectors. At least 515 shareholding and controlling stakes should be with either an SC/ST or women borrower in the case of the non-individual enterprise.

The Important feature of this loan is as follows:-

  • Interest Rate( Base Rate+MCLR+35+Tenor premium
  • The loan amount will be a Minimum of Rs. 10 Lakhs & Maximum of Rs. 1 Crore.
  • Repayment Tenure:-There is 7 years tenure, including a moratorium period of 18 months in this loan.
  • The specification of the loan is expected to cover 85% of the project cost.
  • Collateral is
  • required as the Primary security Guarantee of the credit Guarantee scheme for stand-up India Loans (CGFSIL).
  • These Standup india loans need to be repaid within 7 years after the moratorium.
  • The repayment moratorium for this loan is maximum 18 months.
  • SBI Charges 0.20% as the total amount of processing charges for this loan.



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I am Ajay Kumar Patra. ( & MBA-Finance) with 27years of Accounts & Taxation Experience in Large Manufacturing Units in India. In 2021 I started my own tax consultancy firm called “Ajay Tax consultant”. I started my Digital marketing on my website "".I have already published more than 100 Blogs on Business, Finance, startups, Digital marketing & Tours & Travel for my viewers.