To avail a bank loan for business purposes is in itself a big job. So, in a bid to provide Traders with hassle free loan, the State Bank of India launched a scheme called Traders Easy Loan Scheme. One can avail loan up to ₹5 Crore to meet business requirements and generally is sanctioned against some equitable collateral like mortgage of property.
Eligibility:
- Existing customer of SBI having a satisfactory track record.
- Small business enterprises, entrepreneurs, self-employed, professionals, commission agents engaged in purchase and sale of food grains and other commodities are eligible.
- New connections can be considered for this scheme on a person to person basis.
However, Agriculture property or property outside urban limits is not accepted.
Quantum of financial assistance:
- Minimum loan one can avail is of ₹25,000/- and the maximum loan up to ₹5 crore is provided.
- Interest rate– interest or margin rate is 35% means that one can avail loan up to 65% either of the value of the collateral (mortgaged property) or the requirement of the business*-whichever is less.
(*Business requirement is evaluated on the basis of the business turnover that is shown/projected by the applicant.)
Processing Fees-
- For loans up to ₹2 lakh the processing fee is- ₹250/-
- For loans above ₹2 lakh, ₹250/- is charged per lakh.
(Note: Processing fee is subjected to change depending on the bank’s policy)
Repayment:
One can repay the loan within 5 years in monthly/quarterly/half-yearly/yearly basis depending on the borrower.
How to avail?
Contact your nearest SBI branch to apply.
For demonstration, however, a form has been attached HERE.
Hlww Sir i want 5cr for open a piggery Farm in a large scale
Sir
I want business loan. Of 1cr can I get. I want to open a computer assembling company in big scale. Plzz give guidelines to me.
Hello Sir,
We The Indian Iris aware the people about government policies and schemes and services in solar sector. To avail loan please visit https://www.mudra.org.in/
Mudra Nodal Officer Contacts : https://www.mudra.org.in/Default/DownloadFile/Nodal-Officers-MUDRA.pdf
Bank Nodal Officer : https://www.mudra.org.in/Default/DownloadFile/Banks_Nodal_Officer_PMMY.pdf
These contacts will guide you to avail loan through MUDRA Yojana.
I need 2 crore loan for purchase a farm urgently.
Hello Ashutosh,
Please contact to nearest SBI Branch for more details.
I need loan for opening new thetar
Hello sir ,
Please contact to nearest SBI Bank branch for more details.
For this scheme visit here:
heindianiris.com/wp-content/uploads/2015/11/HERE.pdf
Iwamt 1.75 cr loan from sbi transfe to canarabank outsyaninh 75lacs only in seven days pls suggest bank cosuting or derect loan officerjayesh
Sir i need 2 crore trade finance for import and export busi of non ferrous material at rakkot plsmail us how to proceed in that
Hello Jayesh,
Please contact to nearest SBI Bank for more details. Visit this link for application form.
https://theindianiris.com/wp-content/uploads/2015/11/HERE.pdf
Sir I want loan up to 2 crore for agriculture what I can do for next.
Hlo ji i want to 5 crore loan bcuz i want to need to any business
Wanted 5cr for establishment of new business
5 core ka loan chahiye suits manufacturing ke liye
i needed 4 karore vidyalay banvane ke liye urgentlyjj
jitendra sin gh sir i want 4 carore loan from sbi bank 4carore only in one month please suggest bank cousting or derect loan.
Required loan against property 5cr
[email protected]
Shree Shemkari tradersharjit
CHAWL jawahar nagar
Golibar Rd Santacruz East mumbai 400055
9833504372
I want 5 crore loan for bussiness plan
I want business loan 4.5 crore doing sago business
need minimum 5 Crore for upgrade pre primary school to main stream school.
Muje meri jamin bechani he 15 bigha