Asset Backed Loan - MSME Loan / SME Loan Scheme | SBI - Business

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.

• 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.