SBM Business Loan

Here are a few factors

Product Rating

( 4.5 /5 )

Total - 4 ratings

Location 50km From Branch
CIBIL Score 650+
Processing Offline
Business Vintage 3 Year
Minimum Turnover 1 Cr+
Loan Amount & Tenure 10 Lac- 50 Lac
(12 month- 36 Month)
Loan Product Only Term Loan No OD Limit
Rate of Interest & Type 16% to 20% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 25 Year-65 Year
Part Payment Allowed No
Whether Ownership Proof Required Yes, Either Office or Residence should be owned within Lending Branch Location
Business Registration Proof Mandatory Yes
Program Banking Program-20 Lac, Income Program-30 Lac, GST Program-20 Lac
Product for Professionals No
Negative Profile Both Side Rented Applicant, Grain Traders, Advocates, Jewellers, Share Traders, Gym,
Liquor Business, Real Estate
USP 1. No of Enquiries not matter
2. No. of running loan doesn't matter
Additional 1. 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company

SBM Business Loan EMI Calculator

Interest Type

Loan Amount

Interest Rate


Loan Tenure

Loan Amount100,000
Interest %16 %
Tenure (months)12
Emi (monthly)9,073
Total Interest8,877
Loan Amount + Interest108,877
YearTotal Principal
( A )
Total Interest
( B )
( A + B)
Total Payment Loan Paid Till Date (%)
23,5303,68927,21976,47023.53 %
Oct7,7401,3339,07392,2607.74 %
Nov7,8431,2309,07384,41715.58 %
Dec7,9471,1269,07376,47023.53 %
76,4715,18681,6570100.00 %
Jan8,0531,0209,07368,41731.58 %
Feb8,1619129,07360,25639.74 %
Mar8,2708039,07351,98648.01 %
Apr8,3806939,07343,60656.39 %
May8,4925819,07335,11464.89 %
Jun8,6054689,07326,50973.49 %
Jul8,7203539,07317,78982.21 %
Aug8,8362379,0738,95391.05 %
Sep8,9541199,0730100.00 %

Documents Required for SBM Business Loan

Let’s look into the eligibilities and required Documentation to make your application process even smoother:

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Note : SBM Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Some Important Points

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

About SBM Business Loan

SBM Bank India ensures that you do not miss out on any opportunities owing to a lack of finances or funding sources. At SBM, a diverse variety of finance options drives your business ahead by offering customized offerings tailored to your specific business requirements. SBM collaborates with you to meet all of your immediate funding needs, whether they be for working capital, term loans, or third-party financing through discount and trade-related advantages. Profit from our global reputation and bring your company into the spotlight.

You might not regularly need a loan to operate your firm. Anyway, future unforeseen circumstances and other factors outside of your control may occasionally result in a short-term financial shortfall issue that can be quickly remedied by a quickly planned solution.

Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question


The interest rate of SBM Business Loan is 16-20%

Yes, you can get an Overdraft at SBM Bank 

The proof of business continuation required to apply for SBM Business Loan is ITR, Trade License, Sales Tax Certificate, and Bank statements. etc. 

 The minimum required age to apply for SBM Business Loan is 25