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SBI Business Loan


Eligibility & Documentation

SBI Business loan can help you raise capital for expanding a business or to invest in machinery, plants, business expansion, or commercial assets company. With My Mudra’s hassle-free application process, you can get a business loan, and the funds will be credited to your account once your business loan is approved.






SBI Business Loan Eligibility Criteria



Salaried Individuals

Self-Employed Individuals

Business / Company

Entitled Borrowers

Government / Semi government / PSU / Private/MNCs/ Proprietorship/Partnership businesses

Proprietor /

Partners / Directors

Partnership or Private Limited firms engaged in Manufacturing, Servicing, or Trading



Self Employed Professionals such as Chartered Accountants, Company Secretary & Doctors



The person should be 21 years old at the time of loan application and his maximum age should be 65 years

Applicant must be a minimum

of 21 years of age at the time

of application and should

be a maximum of 65 years

at loan maturity.

Proprietor / Key Partner /

Main Director must be a minimum

of 25 years at the

time of loan application and should

be a maximum of 65 years at

loan maturity.

Experience / Vintage

Minimum 3 years in current business/profession

Bank related details

· A current account holder at any bank for at least two years (proprietorships, partnerships, corporations).

· Monthly threshold balance of Rs.10,000 /- & Min.

· Credit summations exceeding Rs.50 lakhs in the last 12 months.

·  The unit is located within 10 km of the financing branch. 

Residence / Office Stability

· Existing business for at least 3 years in the same locality/area.

· Must own the premises, or have a valid lease agreement with the owner of the premises.

· If the shop is rented, the residual period should be a minimum of 3 years, with a minimum stay of 1 year at the rented/leased premises.


Individuals with Indian citizenship

Individuals with Indian citizenship

Proprietor / Partners / Directors with Indian citizenship

Other documents

The applicant should fulfill the Go/No Go criteria as well.


How to improve your SBI Business Loan Eligibility?

Follow these tips to improve your SBI Business Loan Eligibility –

Get Rid of Debts

Maintain a good repayment history by paying off your existing loans and liabilities on time without defaulting

Maintain a good CIBIL Score

Try to build a CIBIL score above 750

Do not apply for multiple loans simultaneously

Apply for a loan that fits your needs, raising multiple loan applications can decrease your credit worthiness

Choose a longer loan tenure

Opt for a longer repayment tenure that will allow you to disburse the overall due amount over a longer time span. This will also help in reducing the EMI amount.

Add Co-applicants

A co-borrower (a spouse, or parent) with a good income and credit score will boost your eligibility for a bigger loan amount.


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