State Bank of India
Overview
Traders Easy Loan scheme is launched by SBI to provide hassle free loan to Traders. Any businessman/ entrepreneur/ professional and self employed person can avail this loan. Loan under the scheme can be availed to meet normal business requirements and is sanctioned against equitable mortgage of property.
Loan Feature
| Loan Amount | Upto Rs 5 crore |
| Interest Rate | 12.50-13.00% |
| Tenure | Maximum 5 years |
| Pre Payment Charges | Not provided |
| Service Charges | Processing charges: 1% of the loan amount
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Eligibility Criteria : Business Loan
| Self | |
|---|---|
| Age | Age criteria not provided |
| Income | Income criteria not provided |
| Job Experience | Job experience not provided |
| Residence Proof | Residence proof not provided |
Docs Required : Business Loan
| Self | |
|---|---|
| ID Proof | PAN card/voters ID/ passport/driving license |
| Address Proof | Recent telephone bill/electricity bill/property tax receipt/passport/voters ID |
| DOB Proof | 10th class certificate |
| Financial Docs |
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Other Charges : Business Loan
N/A
Products offered by State Bank of India
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