SME Credit Card - MSME Loan / SME Loan Scheme | SBI - Business

Features

• Target Group : All Micro Enterprises, SSI units, SBF, Retail Traders, village industries, tiny units, professionals, self-employed, MSME Units - Udyam Registration with ministry of MSME is mandatory.
• Quantum of loan (Min/Max) : Maximum: Rs. 10.00 lakhs
• Margin (%)
  • Upto Rs. 50,000/-: Ni
  • Above Rs. 50,000/-: 20%
• Pricing : Competitive pricing linked to EBLR
• Collateral security: Nil Collateral Security. All loans to be covered under CGTMSE (Credit Guarantee Fund Trust Fund for Micro & Small Enterprises) and guarantee fee to be borne by borrower
• Repayment Period:
  • Cash Credit: Repayable on demand. Validity: 3 years subject to Annual Revie
  • Term Loan: < Rs. 5 lakhs: Max. 5 years including moratorium period up to 6 months. Annual review to be done. Rs. 5 lakhs & above: Max. 7 years including maximum moratorium period of upto 12 months. Annual review to be done.
• Fee & Charges : As applicable to SSI/SBF units