SBI Traders Easy Loan Scheme: Get Loan up to ₹ 5 crore for your Business



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.


About Shreya Chatterjee

23 comments

  1. Hlww Sir i want 5cr for open a piggery Farm in a large scale

  2. 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.

  3. I need 2 crore loan for purchase a farm urgently.

  4. 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

  5. Jayesh p dholakiya

    Iwamt 1.75 cr loan from sbi transfe to canarabank outsyaninh 75lacs only in seven days pls suggest bank cosuting or derect loan officerjayesh

  6. Jayesh p dholakiya

    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

  7. Raimanshavali Hombal

    Sir I want loan up to 2 crore for agriculture what I can do for next.

  8. Manjinder Singh

    Hlo ji i want to 5 crore loan bcuz i want to need to any business

  9. Wanted 5cr for establishment of new business

  10. Ram from forwell enterprises

    5 core ka loan chahiye suits manufacturing ke liye

  11. i needed 4 karore vidyalay banvane ke liye urgentlyjj

  12. jitendra sin gh sir i want 4 carore loan from sbi bank 4carore only in one month please suggest bank cousting or derect loan.

  13. Required loan against property 5cr

  14. Chagana Ram Solanki

    [email protected]
    Shree Shemkari tradersharjit
    CHAWL jawahar nagar
    Golibar Rd Santacruz East mumbai 400055
    9833504372

  15. I want 5 crore loan for bussiness plan

  16. I want business loan 4.5 crore doing sago business

  17. need minimum 5 Crore for upgrade pre primary school to main stream school.

  18. Muje meri jamin bechani he 15 bigha

  19. I need loan for Rs. 10 lacs for my ongoing trading business of artificial jewellery.

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