Public Sector Bank (PSU)Term Loan (Capex / Expansion)All MSME Borrowers🛡️CGTMSE CoveredVerified: 2026-09-29

SBI Asset Backed Loan for Business

Primary Lending Institution:State Bank of India (SBI)

₹10 Lakh to ₹20 Crore MSME credit at 8.90% – 10.75% with Up to 10 years tenure.

Interest Rate8.90% – 10.75%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹10 Lakh to ₹20 CroreBased on turnover & project cost

Repayment TenureUp to 10 yearsWith moratorium where applicable

Collateral SecurityRequires clear mortgageable commercial, industrial, or residential real estate with LTV restricted to 60%–70%.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires clear mortgageable commercial, industrial, or residential real estate with LTV restricted to 60%–70%.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is SBI Asset Backed Loan for Business?

Term loan or cash credit facility secured by commercial or residential real estate, offering flexible usage for business expansion.

Key Benefits & Features

High loan quantum up to ₹20 Crore; long repayment tenure up to 120 months; competitive pricing; multi-purpose business usage.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

SME entrepreneurs with clear marketable property collateral.

Business Vintage1+ Years in Operation

Min. Annual Turnover₹25.0 Lakh

Processing Fee0.50% to 1.00% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://sbi.co.in/web/business/sme/sme-loans/asset-backed-loan with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for SBI Asset Backed Loan for Business?

Borrowers can avail ₹10 Lakh to ₹20 Crore with a repayment tenure of Up to 10 years.

What are the processing charges and collateral terms for SBI Asset Backed Loan for Business?

The processing fee is 0.50% to 1.00% + GST. Collateral terms: Requires clear mortgageable commercial, industrial, or residential real estate with LTV restricted to 60%–70%.

What are the eligibility criteria for SBI Asset Backed Loan for Business?

SME entrepreneurs with clear marketable property collateral. Minimum business vintage required is 1 year(s).

How can an applicant apply for SBI Asset Backed Loan for Business?

Apply online at https://sbi.co.in/web/business/sme/sme-loans/asset-backed-loan or visit nearest branch with KYC, Udyam registration, and bank statements.