In this work, field plate and guard ring edge‐terminated Ni/4H‐nSiC Schottky barrier diodes (SBD) were fabricated using standard photolithography process. Strange peaks in capacitance–conductance curves, capacitance roll‐off, and a high value of ideality factor (η = 1.3) in fabricated SBD were seen as a signature of interface trap states (Nss) at the residual oxide (2.2 nm)/4H‐nSiC interface and series resistance (Rs). Schottky capacitance spectroscopic, High–low capacitance–voltage (C–V) and forward‐bias current–voltage (I–V) techniques, in the frequency range from 100 Hz to 1 MHz, determines Nss of the order of 1012 cm−2 eV−1 and were found exponentially distributed in the bandgap of SiC. Using Hill–Coleman's method, the density Nss was calculated to be 1.15 × 1015 cm−2 eV−1 at 100 Hz and 7.81 × 1012 cm−2 eV−1 at 1 MHz, which explains the larger value of capacitance at low frequencies. Relaxation times and capture cross sections of Nss were also estimated. Calculated values of Nss were used in a Silvaco simulation that emphasize that bulk level defects present in the SiC also contributes in the experimentally observed strange peaks in C–V characteristics of fabricated SBD. At higher current levels, calculated values of Rs (V, f), confirm an increase of leakage current through residual oxide and describes the capacitance roll‐off phenomena in the fabricated SBD.