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SBI Business Loan EMI for ₹1 Crore

Monthly EMI: ₹2,17,424 at 11% for 5 years. Total interest: ₹30,45,440.

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SBI Business Loan for ₹1 Crore — Key Details

Interest Rate
11.00 - 14.75% p.a.
Max Tenure
5 Years
Processing Fee
1% of loan amount + GST
Prepayment Charges
2% of outstanding

With a ₹1 Crore business loan from SBI at 11% for 5 years, you will pay a monthly EMI of ₹2,17,424. The total amount payable is ₹1,30,45,440, of which ₹30,45,440 is interest.

Frequently Asked Questions

What is SBI Business Loan EMI for ₹1 Crore?

At 11% interest rate for 5 years, the EMI for ₹1 Crore Business Loan from SBI is ₹2,17,424 per month. Total interest payable: ₹30,45,440.

What is SBI Business Loan interest rate for ₹1 Crore?

SBI offers Business Loan at 11.00 - 14.75% p.a. The actual rate may vary based on your credit score, income, and the loan amount.

How much total interest on ₹1 Crore Business Loan from SBI?

For ₹1 Crore at 11% for 5 years, you would pay approximately ₹30,45,440 as total interest, making the total repayment ₹1,30,45,440.

Can I prepay my SBI Business Loan of ₹1 Crore?

SBI's prepayment policy for Business Loan: 2% of outstanding. Making prepayments can significantly reduce your total interest outgo.

Is ₹1 Crore Business Loan from SBI a good option?

SBI offers competitive rates starting from 11.00 - 14.75% with tenure up to 5 years. Compare with other banks on this page to find the best option for your ₹1 Crore business loan.