State Bank of India SBI Business Loan
State Bank of India SBI | Business Loan | 28-Apr,2023
About State Bank of India SBI: State Bank of India (SBI) is one of the largest banks in India. It ranks first among the top Indian multinational public sector banks. State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body. It offers savings accounts, personal loans, car loans, home loans, gold loans, business loans, education loans, and other financial services. It was founded on July 1, 1955.
Detail: SBI bank offers a wide range of business loans to SMEs at affordable interest rates.
Annual Percentage Rate (APR): 6.70% p.a. onwards
Minimum & Maximum period for repayment (Loan Tenure): Up to 5 Years
Loan processing charges: Up to 1% of the limit
Late Payment: As per the loan agreement.
Foreclosure Charges: 3%
Partpayment Charges: As per the loan agreement.
Maximum Loan Amount: Up to Rs. 100 Crores
State Bank of India SBI Profile
Sector : Finance
Industry : Regional Banks
State Bank of India (SBI) is one of the largest state-owned financial institutions in India. It was nationalized by the Government of India in 1955. It has a network of over 50,000 ATMs across India. Currently, the Chairman of State Bank of India (SBI) is Dinesh Kumar Khara. The banks headquarters are located in Mumbai. The banks chairman and managing director are appointed by the government.
You will go on the Official website.
