State Bank Of Hyderabad Business Loan
Last Updated : Nov. 14, 2016, 6:08 a.m.
Founded in 1941 as Hyderabad State Bank, the Bank now has over 2000 branches and about 18,000 branches. Its head office is situated at Gunfoundry Area, Hyderabad. Since 1956, it has been a subsidiary of State Bank of India and is now the Bank’s largest associate bank. State Bank of Hyderabad offers business loan to the SME units engaged in diverse operational activities under various loan schemes. The loans are available in the form of working capital and term loans. The maximum tenure of working capital is 12 months. Whereas, the term loans are sanctioned for the maximum period of 7 years. The eligible candidates can avail a loan of an amount as high as Rs.10 crores. However, the maximum loan amount differs on the various loan schemes provided by the bank. The rate of interest too varies from scheme to scheme and ranges from 12.20% p.a – 16.05% p.a. The further information regarding the product is provided below:
State Bank Of Hyderabad Business Loan Details
| Particulars | Details |
|---|---|
| Interest Rate | 12.20% p.a. – 16.05% p.a. |
| Loan Amount | Up to Rs. 10,00,00,000 |
| Tenure | 1 year – 7 years |
| Processing Fee | As per bank's policy |
How To Apply
The interested candidates can apply for the business loan online. The applicant needs to fill the required details after clicking on the 'apply online' tab. After filling the details click on the submit button. The bank officer will contact back. Or the applicant can even visit the bank branch and fill the loan application form and submit the same along with the required documents at the designated counter.
State Bank Of Hyderabad Business Loan EMI Calculator
The EMI calculator is a calculator designed to make the calculation of EMI quick and simple. It computes the real results in the shortest time. The calculator helps the user to know his/ her EMI value and plan for the future payments accordingly. The user can also learn about the amount of interest he/ she has to pay for the loan amount being taken. The calculator works on a simple principle. The user only has to feed the loan amount, the rate of interest and the tenure of the loan. Afterwards, the computed value will be displayed on the screen.
For Example – A borrower takes a loan of Rs. 5 crores for the period of 7 years then his calculated EMI will range from Rs. 8,87,993 – 9,94,528. The total repayment amount will be ranging from Rs. 7,45,91,445 – 8,35,40,318.
The user can even know the amount of interest payable on the same loan amount at different tenure from the table given below :
Table Showing EMI, Total Interest Amount, Total Repayment Amount
| Loan Amount (in Rs.) | Interest Rate (p.a.) | Tenure (in years) | EMI (in Rs.) | Total Interest Amount (in Rs.) | Total Repayment Amount (Principal + Interest) (in Rs.) |
|---|---|---|---|---|---|
| 5,00,00,000 | 12.20% – 16.05% | 1 | 44,47,119 - 45,37,726 | 33,65,427 - 44,52,712 | 5,33,65,427 - 5,44,52,712 |
| 5,00,00,000 | 12.20% – 16.05% | 2 | 23,58,346 - 24,49,350 | 66,00,310 - 87,84,405 | 5,66,00,310 - 5,87,84,405 |
| 5,00,00,000 | 12.20% – 16.05% | 3 | 16,65,496 - 17,59,086 | 99,57,847 - 1,33,27,102 | 5,99,57,847 - 6,33,27,102 |
| 5,00,00,000 | 12.20% – 16.05% | 4 | 13,21,607 - 14,18,295 | 1,34,37,137 - 1,80,78,148 | 6,34,37,137 - 6,80,78,148 |
| 5,00,00,000 | 12.20% – 16.05% | 5 | 11,17,282 - 12,17,232 | 1,70,36,939 - 2,30,33,895 | 6,70,36,939 - 7,30,33,895 |
| 5,00,00,000 | 12.20% – 16.05% | 6 | 9,82,718 - 10,85,969 | 2,07,55,673 - 2,81,89,763 | 7,07,55,673 - 7,81,89,763 |
| 5,00,00,000 | 12.20% – 16.05% | 7 | 8,87,993 - 9,94,528 | 2,45,91,445 - 3,35,40,318 | 7,45,91,445 - 8,35,40,318 |
Amortization Table
| Year | Principal (in Rs.) | Interest (in Rs.) | Balance Amount (in Rs.) |
|---|---|---|---|
| 1 | 4,210,131 - 4,819,502 | 5,836,414 - 7,724,205 | 45,180,498 - 45,789,869 |
| 2 | 4,937,851 - 5,441,499 | 5,214,417 - 6,996,485 | 39,738,999 - 40,852,018 |
| 3 | 5,791,355 - 6,143,771 | 4,512,145 - 6,142,981 | 33,595,228 - 35,060,663 |
| 4 | 6,792,385 - 6,936,675 | 3,719,241 - 5,141,951 | 26,658,553 - 28,268,278 |
| 5 | 7,966,448 - 7,831,911 | 2,824,005 - 3,967,888 | 18,826,642 - 20,301,830 |
| 6 | 8,842,686 - 9,343,441 | 1,813,230 - 2,590,895 | 9,983,956 - 10,958,389 |
| 7 | 9,992,894 - 10,971,514 | 672,010 - 975,886 | 0 |
Table Showing Business Loan Schemes, Eligibility and Quantum of Loan and Rate of Interest
| Schemes | Eligibility | Quantum of Loan | Tenure |
|---|---|---|---|
| Collateral Free Loans | New and existing Micro and Small Enterprises engaged in Manufacturing and service sector | Up to Rs. 1 crore | 1year -7 years |
| Contractor Plus | First Class contractors of good repute, undertaking works on behalf of Central / State Government Departments / Public Sector undertakings and reputed private sector organizations The contractors of good repute who are allotted contracts by Public Sector Undertakings/ Railways / M.N.Cs and reputed Private Sector Organisations Sub-contractors executing works on behalf of main contractors who have been allotted works by the above- mentioned categories of undertaking | Minimum: Rs. 5 lacs Maximum: Need Based | 1year -7 years |
| Doctor Plus | Individuals / partnership firms / Limited Companies / Trusts [with powers to borrow] are eligible, provided Key promoters should be qualified doctors Any qualified medical practitioner including dentists possessing minimum qualification to practice in a discipline such as MBBS/ BDS/ BAMS/ GAMS/ BHMS etc. from any institution established, aided or recognized by the Government The applicant Should be in the age group of 25 to 60 years | Up to Rs. 10,00,00,000 | - |
| General Purpose Term Loan | Existing or New Corporate / Non Corporate customers of SME (both manufacturing and services sector) | Up to Rs. 1,00,00,000 for service providers, Up to Rs. 2,50,00,000 for Manufacturers | 1 year – 5 years |
| Stree Shakti Package | Individuals / partnership firms / Limited Companies / Trusts which are managed by Woman entrepreneurs | Need based finance | 1 year – 7 years |
| Hotel Plus | Individuals / partnership firms / Limited Companies / Trusts who are in the activity of Hotel business are eligible | Need based finance | 1 year – 7 years |
| Tourism Fin | Individuals / partnership firms / Limited Companies / Trusts who are in the tourism development activity, tour operators, shops, restaurants, gift shops, etc | Need based finance | 1 year – 7 years |
| SBH Welcome | All manufacturing and service units covered under Micro & Small Enterprises segment | Minimum: Rs.1,00,00,000 Maximum: Rs. 5,00,00,000 | 1 year – 7 years |
Documents Required
- ID Proof – Anyone (Voter ID Card / Driving License / Passport / Aadhar Card)
- Address Proof – Anyone (Voter ID Card/ Driving License/ Passport/ Telephone Bill/ Electricity Bill / Registered Lease Deed or Sale Agreement/ Bank Statement)
- PAN Card
- Ownership proof of either residence or office either
- Business Continuation Proof – Anyone (Bank Statement / Sales Tax Challans / IT Returns / Shops & Est. Certificate / Certificate of Incorporation / Partnership Deed)
- Letter certifying end use of the business loan funds on Business Letterhead
- Passport Size Photographs of all applicants and co-applicants
Features and Benefits of State Bank Of Hyderabad Business Loan
- Multiple schemes to suit the different segments
- Loan available in form of working capital and term loan
- Highest loan available up to Rs. 10 crores
- Availability of collateral free loan up to Rs.1 crore
Factors Affecting Business Loan Eligibility
- Loan Repayment track
- Credit Performance / Credit Bureau Update
- Debt servicing ability of the customer
- Business Vintage
- Financial Ratios
- Existing relationship
State Bank Of Hyderabad Customer Care
To get the detailed information about the business loan, contact the customer care division. You can even get your queries redressed by product expertise. Call on the 24×7 helpline number 18004251825 or on 18004254055 active on all working days between 8:00 A.M – 8:00 P.M.