Fleet-Finance - MSME Loan / SME Loan Scheme | SBI - Business
Fleet Finance
Purpose
To finance new vehicles (Small, Light, Medium, Heavy Commercial Vehicles, Passenger Vehicle). E.g. trucks/tankers/ trailers/ tippers/buses/ luxury buses and passenger vehicles etc.
Features
- Type of Facility : Term Loan
- Target Group
- Existing Fleet Operators (For Goods or Passenger transport)
- Existing Individuals/ firms/companies/ trusts/Society/Institutions/Associations
- Quantum of loan (Min/Max)
- Min: Rs. 50 lacs
- Max: Rs. 10 Cr (higher limit allowed as per Bank’s discretion)
- Margin (%)
- For Cost of Chasis : 5% (score b/w 35-60%) & 0% (above 60% score)
- For Cost of Body : 45% (score b/w 35-60%) & 40% (above 60% score)
- For fully buile model : 10% (score b/w 35-60%) & 5% (above 60% score
- Other expenses : Min. 50%
- Pricing : Competitive Pricing linked to MCLR
- Repayment Period
- Upto 66 months.
- Repayment in EMI basis . Customized repayment is possible depending on cash accruals.
- Upfront Fee : 1% of the limit
Eligibility Criteria
- Existing Fleet Operators (Goods or Passenger) having experience of 2 years or more in the same line.
- Fleet operator having existing fleet of minimum 10 vehicles
- Requirement of minimum 10 new vehicles or minimum loan amount Rs.50 Lacs
- Transport operators holding national/ state route permit and other necessary permits/license/approval.
Collateral Security
- Up to Rs. 1 Cr : No collateral security. Loans will be covered under CGTMSE.
- Above Rs. 1 Cr : Min 20% tangible
Last Updated On : Thursday, 02-01-2020

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years
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Loans under Contactless Lending Platform

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.45%
3 years to less than 5 year
5.50%
5 years to less than 10 years