E-Dealer Finance Scheme - MSME Loan / SME Loan Scheme | SBI - Business
E Dealer Finance Scheme
Purpose
To provide hassle free finance to authorised exclusive Dealers/stockiest/distributors/franchisees (hereinafter called “dealers”) of Industry Majors (IMs) for purchase of Inventory who are willing to furnish Collateral Security of adequate value.
Features
- Type of Facility Cash Credit
- Quantum of loan (Min/Max)
- Need Based.
- Past Performance or Projected Sales, whichever is higher or
- Limit Recommended by IM, whichever is Lower
- Margin (%) : Nil. 100% finance to dealers
- Pricing : Competitive Interest Rate Linked to MCLR
- Collateral Security : Nil / Or up to 50% depending on each tie -up
- Repayment Period : Credit period up to 90 days. Yearly renewal
- Processing Fee/Upfront Fee : Minimum single unified charges comprising of Processing Fee, Inspection Charges ranging from Rs. 10,000 to Rs. 30,000/-
Eligibility Criteria
- All Authorised dealers of Industry Majors with whom the Bank has tie-up arrangement
Other Conditions
- Transactions are done on Internet Banking Platform of the bank (no cheque book required) & which results in easy, convenient & hassle free banking facilities to all stake holders i.e. Bank, IM & Dealer.
- Multiple Channel Repayment Option such as Cash, Cheque, Fund Transfer, NEFT, RTGS etc.
- Transaction through 2 methods i.e. PULL METHOD (When the Industry Major makes a request for debit in the dealer’s account) & PUSH MODEL (When the dealer originates the remittance)
Last Updated On : Thursday, 02-01-2020

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
SME LOANS

Loans under Contactless Lending Platform

Asset Backed Loan - Commercial Real Estate

Rinn Suraksha for Micro & Small Enterprises

SBI fleet finance under tie-up with Tata Motor Finance Ltd

Small Commercial Vehicle finance under tie-up with Tata Motors Ltd

Small Commercial Vehicle finance under tie-up with Mahindra & Mahindra Ltd

Compressed Bio Gas under SATAT Scheme

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