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SBI Business Loan - Documents, Eligibility and Benefit

Explore the comprehensive package of SBI Business Loan, covering crucial aspects like necessary documents, eligibility criteria, and the associated benefits. Unveil a streamlined application process with essential documentation, ensuring eligibility for self-employed individuals, private companies, and LLPs. Benefit from versatile loan options, collateral-free facilities, and attractive interest rates tailored to meet diverse business needs. This presentation delves into the intricacies of securing an SBI Business Loan, guiding you through the necessary documentation, eligibility requirements.

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SBI Business Loan - Documents, Eligibility and Benefit

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  1. SBI Business Loan Benefits 01 02 Low-interest rate Collateral free loan Interest rate on SBI business loan is derived from Marginal cost of funds based lending rate (MCLR) MSMEs can avail easy business loans with no collateral Easy EMIs on amount upto Rs 1 crore 04 03 Loans for women Flexible in repayment Women entrepreneurs avails the benefit of 0.05% rate reduction for amounts ranging from INR 2 lakhs to INR 50 lakhs. SBI offers enhanced repayment period One year for working capital Fifteen years for monetary loans

  2. Self-employed individuals, private companies, partnership firms, LLPs involved in manufacturing, trading and service Minimum turnover of INR 40 lakhs Minimum experience of 3 years in current business and 5 years total experience The firm has made a profit in last 2 years Minimum annual income (ITR) of INR 1.5 lakhs per month The applicant is of 21 years of age and should not be older than 65 years at the time of loan maturity. Eligibility for SBI Business loan

  3. Identity proof Address proof Bank statement of last 6 months 12 months GST statement for income computation Last 2 years balance sheet, income tax return, and other financial statements like Profit & loss. SBI may ask for additional documents Documents Required For SBI Business Loan

  4. Apply For SBI Business Loan

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