Asset Backed Loan - MSME Loan / SME Loan Scheme | SBI - Business
Asset Backed Loan
Purpose
For build-up of current assets and fixed assets needed for business purpose, capacity expansion, modernization, short term working capital (including shoring up of Net Working Capital, etc).
Features
- Target Group : All MSMEs as per MSMED Act 2006, Self-employed and Professional individuals. Wholesale/Retail traders. Unit should be registered as MSME.
- Quantum of loan (Min/Max)
- Minimum loan amount: > Rs 10 lakhs
- Maximum loan amount: Rs. 20 crores.
- However, in cities viz, Mumbai and Delhi loans upto Rs.30 Crores can be considered.
- LTV (%) : Immovable property: 60% of the realizable value.
- Pricing : Competitive pricing linked to EBLR / 6 Months MCLR
- Repayment Period: Drop-line Overdraft-
- 12 months to 240 months with either equated reduction in limit or customized reduction in limit, depending upon the cash accruals.
- Max Moratorium period-18 months based on activity. Interest to be serviced monthly during the moratorium period.
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Processing fee/Upfront Fee: For Dropline OD: Upfront/ processing fee of 1% of the limit subject to a maximum of Rs.10 lakhs. For Cash Credit: 0.40% of the loan amount Once in a year.
Eligibility Criteria
- Existing Customer already availing credit facilities from us.
- New units with marketable assets to offer as security.
- Takeover of existing units from other Banks/ FIs with satisfactory track record. (Credit information report to be obtained)
Collateral Security
Immovable property (compliant under SARFAESI Act) belonging to the unit, its proprietor/partners/ directors or their near relatives.
Last Updated On : Thursday, 14-07-2022

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above