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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

After getting rejected for a home loan by two banks I thought my wish of owning a home in a city like Mumbai will remain a dream. By chance I came to your site and applied for the loan.

What happened then was a smooth process. It's been my good luck to visit your site and get loan for my dream home.

Thanks

- Deepak Gupta

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