| Loan Amount | ₹100,000 |
| Interest % | 8 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 8,699 |
| Total Interest | ₹ 4,386 |
| Loan Amount + Interest | ₹ 104,386 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 40,701 | ₹ 2,794 | ₹ 43,495 | ₹ 59,299 | 40.70 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 59,301 | ₹ 1,592 | ₹ 60,893 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
Note : SBM Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
SBM Bank India ensures that you do not miss out on any opportunities owing to a lack of finances or funding sources. At SBM, a diverse variety of finance options drives your business ahead by offering customized offerings tailored to your specific business requirements. SBM collaborates with you to meet all of your immediate funding needs, whether they be for working capital, term loans, or third-party financing through discount and trade-related advantages. Profit from our global reputation and bring your company into the spotlight.
You might not regularly need a loan to operate your firm. Anyway, future unforeseen circumstances and other factors outside of your control may occasionally result in a short-term financial shortfall issue that can be quickly remedied by a quickly planned solution.
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
One of the most important steps. Now you will have to submit all the required documents digitally.
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
The interest rate of SBM Business Loan is 16-20%
Yes, you can get an Overdraft at SBM Bank
The proof of business continuation required to apply for SBM Business Loan is ITR, Trade License, Sales Tax Certificate, and Bank statements. etc.
The minimum required age to apply for SBM Business Loan is 25
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