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SBM Business Loan
SBM BANK India provides various customized loan options, accounting services as well as all types of other services. With SBM you can take your business to the next level without putting yourself under any pressure of paying high interest rates. SBM bank business loans are easy to be approved within 24 hours time, making it convenient for you to get your business funded at the right time.
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SBM Business Loan
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SBM Business LoanHere are a few factors
| 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 Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for SBM Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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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
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
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.
Save Your Time with a Simple Loan Process
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.
FREQUENTLY ASKED QUESTIONS
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
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