SME E-Smart Score - Business

Features

• Target Group : Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments.
• Facilities Available :  Cash Credit and Term Loan
• Quantum of loan : >₹10.00 lakh to ₹5 crore
• Pricing :Competitive Pricing Linked to EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%)
• Borrower’s Margin / Contribution : 25% for working capital component and 33% for TL component
• Repayment Period
  • Working Capital: Repayable on demand.
  • Term Loan: Not more than 7 years including moratorium not exceeding 6 months
• Processing Fee/ Upfront Fee As applicable to MSME units as per as per Bank's latest Instruction.
• Other Charges : As per Bank Guidelines which will be appraised to the borrower before sanction of loans
• Collateral Security : As per Bank's extant norms for WC and TL
• Special Feature
  • For Term Loan, Project Report for the tenure of the loans to be obtained and processed as per Bank norms.
  • Eligibility :
  • Age of the borrower: The chief promoter /chief executive should be 18 to 65 years of age.
  • The applicant must obtain a minimum overall score of 60% with a minimum of 50% under each sub-head like Personal Details, Business Details, Collateral Details of our internal Scoring Model.