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State Bank of India

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

  • Bank Statements(latest 6 months bank statement /passbook)

  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA

  • Qualification proof of the highest professional degree

 

Other Charges : Business Loan

N/A

Products offered by State Bank of India

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Testimonial

Hi, I am new to the Internet. I did not even know that one can apply for a loan through a third party website. Out of curiosity I applied for a home loan though loanboss.com and was really surprised at the good response and smooth process. I hope more and more people apply for a loan through Loanboss as it is easier and won't cause you the headache of approaching banks directly. Lesser number of Internet users in the country is a problem though.

I wish Loanboss the very best and thanks for helping me out!

- Sachin Gupta

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