SBI Business Loan for Women

1
How SBI Business Loan for Women Works?
2
SBI Business Loan for Women

• A Business Loan is for the growth and expansions
  of business or to fund a start-up venture.
• Introduced for
• Service based/Self-Employed Proprietorship.
• Firms in Partnership.
• Trading or Manufacturing Units.
• Entrepreneur.
• SBI also offers business loan to women which is
  characterized by
• low interest rate,
• high loan repayment tenures,
• low processing fees,
• minimum documentation.

3
Features of SBI Business Loan for Women

• Interest Rate Lowered by 0.5, if the loan
  amount exceeds ? 2 Lakhs.
• Margin is reduced by 5 as applicable to separate
  categories.
• Offered to the women who have participated in the
  Entrepreneurship Development Programs.
• It can be availed without security if the loan
  amount is up to ? 5 Lakhs.

4
Benefits of SBI Business Loan for Women

• Easy to access This loan is easily accessible as
  the borrower does not require providing
  collateral for the loan amount up to ? 5 Lakhs. 
• Low rate of interest Women who wish to avail SBI
  business loans can have the benefit of concession
  on the interest rates. SBI offers a concession of
  0.5 on business if the loan amount exceeds ? 2
  Lakhs. This can help women entrepreneurs to use
  the money saved to scale for their business.
• Flexible repayment terms SBI business loan for
  women entrepreneurs can be repaid in easy EMIs.
  SBI understands that every business faces many
  ups and downs which are why they offer easy and
  flexible loan repayment tenures.

5
Factors which affects Interest Rate of SBI
Business Loan for Women

• Loan amount The business loan interest rate in
  SBI depends upon the availed loan amount. They
  have a negative relationship with each other as
  higher the loan amount lesser will be the
  interest rate.
• Credit Score SBI business loan for women comes
  at a higher rate of interest if the borrowers
  credit score is low or vice versa. 
• Revenue The rate of interest will be lower if
  the business turnover is high.

6
Eligibility for SBI Business Loan for Women

• Age Age plays a significant role as it enables
  the lender to know about the repayment capacity
  of a borrower. SBI offers business loans to those
  who are a minimum of 21 years at the time of loan
  approval and a maximum of 65 years at the time of
  loan maturity.
• Ownership A borrower should have more than 50
  of its share capital to avail the SBI business
  loan for women.

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Documents Needed

• Residential proof Aadhaar Card, Voters ID card,
  Bank statement, registry copy, rent agreement,
  utility bills.
• Proof of Identity Passport, Driving License, PAN
  Card, Aadhaar Card, Voters ID Card.
• Proof of Business existence PAN, Sales
  Tax/Excise/VAT/Service Tax Registration, Copy of
  Partnership Deed, Trade license, Certificate of
  Practice, Registration Certificate issued by RBI,
  SEBI.
• Income Tax Returns copy for 24 months.
• Last 6 months bank statement. 

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Thank You !!!