SBI offers the business sector both small and large enterprises to meet their financial requirement. SBI Business Loan Interest Rate is quite attractive. You will have to submit very minimum documents and the loan approval process is quite fast. The SBI Business Loan Interest Rate 2019 depends on your credit score which should be 750 or more. You can opt for SBI SME Loan Interest Rate for the need of working capital in the small and micro-enterprise. To avail SBI Small Business Loan Interest Rate, you need to have business profit for last 1 year. SBI Loan Interest Rates for Business is hugely dependent on your repayment capacity and credit history. The need for fund to expand your business can be easily met through SBI Business Loan Interest Rate. There are different types of SBI Business Loan Interest Rate 2019 namely- SBI SME Loan Interest Rate, SBI Small Business Loan Interest Rate and much more.
SBI Business Loan Interest Rate- Documents Required
To avail SBI Business Loan Interest Rate at an affordable range, you need to have a good repaying capacity with stable income source. You need to submit very minimum documents when you are opting for SBI SME Loan Interest Rate or SBI Small Business Loan Interest Rate.
Following are the documents that you need to submit to enjoy SBI Business Loan Interest Rate-
- Address proof- Utility Bills like Gas or Electricity bill, Registered Lease Deed
- Applicant’s ID proof- Passport, AADHAR card, Voter ID card, Driving License
- Business Continuity proof- Certificate of Incorporation, Sales Tax Certificate, Partnership Deed, Shop & Establishment Certificate
- PAN card of the Enterprise or the primary applicant
- Financial Documents- Audited Balance Sheet, Profit & Loss Statement
- An approved copy of Partnership Deed
- Proof of residence or ownership of office either in the name of joint members or the single applicant
- Application form
- Passport Size Photograph
SBI Business Loan Interest Rate Of Different Schemes
Based on your business size and need, you can avail SBI Business Loan Interest Rate 2019. For medium or small enterprises, SBI SME Loan Interest Rate or SBI Small Business Loan Interest Rate is quite low.
| Scheme Name | SBI Business Loan Interest Rate |
| SBI Asset Backed Loan | 10.70%* |
| SBI Fleet Finance Scheme | 8.25%* to 16.95%* |
| Pradhan Mantri Mudra Yojana | 11.15%* |
| Doctor Plus | 10.25%* |
| SBI Construction Equipment Loan | 9.90%* |
| Warehouse Receipt Financing | 9.40%* |
| Supply Chain Finance | 8.80%* |
| SBI e-Smart SME e-Commerce Loans | 10.70%* |
| SME Credit Card | 10.90%* |
| Lease Rental Discounting | 11.50%* |
*interest rate may vary from time to time
