The court has also slapped a fine of Rs 2,500 on each of them, they said.
Former chief manager of State Bank of Indore N A Khan besides Sabir Khan, Kamal Singh Solanki, Manoj Mehra, Mohammad Hussain and one Rashida were sentenced in this connection.
Subrati, another accused was not present in the court, which has issued a non-bailable warrant against him.
The accused have been charged with using fake documents to give a loan of more than Rs 30 lakh to a company which existed only on paper.