State Bank of India Business Loan
India's largest bank — trusted PSU pricing with some of the lowest home-loan rates in the market, especially for women borrowers and government employees.
★ CGTMSE-backed collateral-free MSME schemes.
SBI Business Loan at a glance
- Interest rate
- 10.75% – 16% p.a.
- Processing fee
- Up to 1%
- Maximum amount
- ₹5 Cr (SME schemes)
- Tenure
- 1 – 5 years
Indicative as compiled by QCred; the lender's live schedule prevails. Your rate depends on credit score, income and loan size.
Check your SBI business loan offer
It takes 2 minutes. This will not affect your credit score.
SBI vs other lenders on business loan
| Lender | Interest rate | Processing fee | Max amount | |
|---|---|---|---|---|
| HDFC Bank | 15% – 22% p.a. | Up to 2% | ₹75 Lakh (unsecured) | Apply → |
| State Bank of India | 10.75% – 16% p.a. | Up to 1% | ₹5 Cr (SME schemes) | Apply → |
| ICICI Bank | 14% – 22% p.a. | Up to 2% | ₹1 Cr (unsecured InstaBIZ) | Apply → |
| Axis Bank | 14.25% – 20% p.a. | 1.25% – 2% | ₹75 Lakh (unsecured) | Apply → |
| Kotak Mahindra Bank | 15% – 21% p.a. | Up to 2% | ₹75 Lakh (unsecured) | Apply → |
| Punjab National Bank | 11% – 15% p.a. | Up to 1% | ₹5 Cr (MSME schemes) | Apply → |
| Bank of Baroda | 10.85% – 15.50% p.a. | Up to 1% | ₹5 Cr (SME) | Apply → |
| IDFC FIRST Bank | 14.50% – 24% p.a. | Up to 2.5% | ₹1 Cr (unsecured) | Apply → |
| Tata Capital | 15% – 25% p.a. | Up to 2.75% | ₹90 Lakh (unsecured) | Apply → |
| Bajaj Finserv | 14% – 26% p.a. | Up to 2.95% | ₹80 Lakh (unsecured) | Apply → |
Eligibility
- Business vintage
- 2+ years
- Annual turnover
- ₹10 Lakh+ (varies by lender)
- Age
- 23 – 65 years
- Credit score
- 685+ recommended
Documents required
- PAN and Aadhaar of proprietor/partners/directors
- GST returns for the last 12 months
- Last 12 months' bank statements
- 2 years' ITR with financials
- Business registration proof
State Bank of India Business Loan FAQs
What is the State Bank of India business loan interest rate?
State Bank of India business loan rates currently run 10.75% – 16% p.a. depending on your credit score, income profile and loan amount. The processing fee is Up to 1%. Rates are revised periodically — QCred confirms the live rate for your profile before you apply.
How much business loan can I get from State Bank of India?
Up to ₹5 Cr (SME schemes), subject to your repayment capacity (lenders cap total EMIs near half your net income) with tenures of 1 – 5 years. Use our eligibility calculator for a quick estimate.
Should I apply to State Bank of India directly or through QCred?
The rate and product are the same — but through QCred you see how SBI's offer compares against other lenders for your exact profile before committing, and one advisor tracks your file to disbursal. Our service is free; lenders pay us on disbursal.