Preapproved Business Loans (PABL) SBI PABL
A pre-approved, collateral-free overdraft of up to ₹20 lakh for micro and small businesses that already hold an SBI current account, taken through YONO Business.
Last updated on
- Status
- Open
- Run by
- State Bank of India
What you get
- Above ₹50,000 up to ₹20 lakh
- No collateral
- Dropline overdraft over a fixed 48 months
- Pre-approved offer with simple paperwork and little manual handling
Who can apply
- Businesses that are already running.
- Micro and small enterprises.
- Age up to 70.
- The most on offer is ₹20 lakh.
- Existing SBI current account customer
- Individual, sole proprietor or partnership firm
- Promoter aged 70 or under
- Only customers SBI has pre-approved will see the offer
How to apply
- Log in to YONO Business at https://yonobusiness.sbi.bank.in
- If you are eligible, a pop-up shows the offer. Check the amount, fill in the details and submit
- The branch will contact you
- Visit the branch once to sign the documents for sanction and payout
- If no pop-up appears, SBI has not pre-approved you
In person, your SBI home branch, for signing the documents
In Kerala, online through YONO Business for SBI current account holders, then one visit to the home branch
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.