SBI business loan Calculator Eligibility

SBI business loan eligibility and  interest rate depends upon following factors -

  • Loan amount: Generally, banks offer lower interest rates for higher amount.
  • Your Income : Higher Income bracket individuals are offered SBI business loans at lower interest rates. SBI business loan interest rate of the bank varies with your net monthly income.
  • Relationship with the Bank: Every bank offers special rates, offers and charges to the existing account holders of the bank. Those who have managed their accounts and made all the payments on time in past will get benefit of low SBI business loan interest rate.
  • Repayment Capacity: Before giving loan to the borrower, every bank checks the repayment capacity of the borrower. Bank verifies the repayment capacity of the customer through CIBIL score or credit score as it has all the details of previous loans taken and their repayments. CIBIL score also gives the information of credit card bills payment.

Eligibility Criteria

Eligibility Details


24 years - 65 years

Minimum Annual Income

Net income of the concern should be more than ₹150,000 per annum for SBI business loan up to ₹1,500,000 and over ₹300,000 for SBI business loan above ₹1,500,000.

Minimum Credit Score

700 and above


SBI business loans for Self Employed Professionals (SEP) :

Allopathic doctors, chartered accountants, company secretaries and architects who are practicing their profession. Proof of qualification needs to be shared.

SBI business loans for Self Employed Non-Professionals (SENP) :

Traders and manufacturers, retailers, proprietors, service providers, etc.

SBI business loans for Entities:


Partnerships, limited liability partnership, private limited and closely held limited companies. Other constitution types depending on their profile on a case to case basis.


Based on your meeting the SBI business loan eligibility criteria, you can get the funds up to a limit of Rs.30 lakh to 5 cr.


  • Allahabad Bank

Instant Personal, Car, Education, Home, Business Loan up to ₹ 50,000 - ₹ 50 Lakhs