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SBI Business Loan for ₹20 Lakh

EMI: ₹43,485/month at 11%. Min income: ₹1,03,536/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
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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SBI Business Loan for ₹20 Lakh - Key Details

Interest Rate
11% p.a.
Monthly EMI
₹43,485
Total Interest
₹6,09,100
Total Payment
₹26,09,100
Min Income Required
₹1,03,536/mo
Processing Fee
1% of loan amount + GST

A ₹20 Lakh business loan from SBI at 11% interest for 5 years will cost you ₹43,485 per month as EMI. You will pay a total interest of ₹6,09,100 over the loan tenure. The minimum monthly income needed is ₹1,03,536 (assuming no existing EMIs).

Frequently Asked Questions

What is SBI business loan EMI for ₹20 Lakh?

SBI Business Loan EMI for ₹20 Lakh at 11% for 5 years is ₹43,485 per month.

What income do I need for ₹20 Lakh business loan from SBI?

You need a minimum monthly income of ₹1,03,536 for a ₹20 Lakh business loan from SBI (at 11% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh business loan from SBI?

The total interest payable on ₹20 Lakh business loan from SBI at 11% for 5 years is ₹6,09,100.

What is SBI's processing fee for ₹20 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.

₹20 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₹10 LakhEMI ₹21,742/mo₹15 LakhEMI ₹32,614/mo₹25 LakhEMI ₹54,356/mo₹30 LakhEMI ₹65,227/mo₹50 LakhEMI ₹1,08,712/mo₹1 CroreEMI ₹2,17,424/mo