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State Bank of India
State Bank of India is a public sector bank offering working capital loan with competitive terms for eligible applicants.
Interest Rate
9.50% - 13.00%
Processing Fee
Up to 1.00% of sanctioned limit
Max Loan Amount
Up to ₹10 Crores
Max Tenure
Renewable annually (typically 12-month facility)
Key Benefits
Features
- Overdraft / cash credit facility
- Interest charged only on utilized amount
Special Offers
- Reduced margin requirement for existing account holders
Pros & Cons
Advantages
- Lower starting interest rate
- Wide branch network for in-person support
Considerations
- Documentation-heavy, slower processing than private banks
Eligibility
- Minimum 2 years business vintage
- GST registration required
- Positive operating cash flow
Documents Required
- GST returns
- Bank statements (12 months)
- Stock/receivables statement
- ITR (2 years)
Frequently Asked Questions
Important Disclaimer
- All information provided is for reference purposes only and subject to change.
- Interest rates and fees are indicative and may vary based on your profile and market conditions.
- Loan approval is subject to the bank's terms and conditions and credit assessment.
- Processing-fee cashback, where applicable, is credited only after loan disbursal and unlocks upon EMI completion — it is not available for guest applications.
- Please verify all details with the bank before making any financial decisions.
Ready to apply with State Bank of India?
Get your processing fee back as cashback after disbursal.
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