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SBI Business Loan for ₹10 Lakh

EMI: ₹21,742/month at 11%. Min income: ₹51,767/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
₹ 0
Monthly EMI
₹ 0
Total Interest
₹ 0
Total Payment
₹ 0
Monthly Income
₹ 0
Existing EMIs
₹ 0
0%
New Loan EMI
₹ 0
0%
Remaining Income
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SBI Business Loan for ₹10 Lakh - Key Details

Interest Rate
11% p.a.
Monthly EMI
₹21,742
Total Interest
₹3,04,520
Total Payment
₹13,04,520
Min Income Required
₹51,767/mo
Processing Fee
1% of loan amount + GST

A ₹10 Lakh business loan from SBI at 11% interest for 5 years will cost you ₹21,742 per month as EMI. You will pay a total interest of ₹3,04,520 over the loan tenure. The minimum monthly income needed is ₹51,767 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI business loan EMI for ₹10 Lakh?

SBI Business Loan EMI for ₹10 Lakh at 11% for 5 years is ₹21,742 per month.

What income do I need for ₹10 Lakh business loan from SBI?

You need a minimum monthly income of ₹51,767 for a ₹10 Lakh business loan from SBI (at 11% rate, assuming no existing EMIs).

What is the total interest on ₹10 Lakh business loan from SBI?

The total interest payable on ₹10 Lakh business loan from SBI at 11% for 5 years is ₹3,04,520.

What is SBI's processing fee for ₹10 Lakh business loan?

SBI charges a processing fee of 1% of loan amount + GST for Business Loan.

Can I prepay my SBI business loan?

SBI Business Loan prepayment policy: 2% of outstanding.

₹10 Lakh Business Loan from Other Banks

HDFC BankFrom 11.50 - 18.00%ICICI BankFrom 13.50 - 19.00%Axis BankFrom 14.25 - 19.20%Kotak Mahindra BankFrom 14.00 - 19.99%Bank of BarodaFrom 10.25 - 14.65%PNBFrom 11.50 - 14.50%Canara BankFrom 10.85 - 14.85%Union BankFrom 11.00 - 14.00%Indian BankFrom 11.15 - 13.65%IDBI BankFrom 11.50 - 14.00%

Other SBI Business Loan Amounts

₹5 LakhEMI ₹10,871/mo₹15 LakhEMI ₹32,614/mo₹20 LakhEMI ₹43,485/mo₹25 LakhEMI ₹54,356/mo₹30 LakhEMI ₹65,227/mo₹50 LakhEMI ₹1,08,712/mo₹1 CroreEMI ₹2,17,424/mo