E-Vendor Finance Scheme - MSME Loan / SME Loan Scheme | SBI - Business
E Vendor Finance Scheme
Purpose
Financing receivables of recommended vendors of reputed Corporates/ Industry Majors (IMs). Completely web based solution with minimal branch intervention and provides instant credit to vendors account electronically
Features
- Type of Facility : Cash Credit (Clean)
- Target Group : Vendors of reputed Industry Majors/ Corporates with whom the Bank has tie-up arrangement
- Quantum of loan (Min/Max) : Need Based
- Margin (%) : Nil
- Pricing : Competitive Pricing Linked to MCLR
- Collateral Security : Nil
- Repayment Period : According to tenor of the receivables.
- Processing Fee/Upfront Fee : Rs. 10,000 to Rs. 50,000/-
Eligibility Criteria
- Existing borrowers of Bank with continuously making profit for last 3 yr
- Minimum Turnover Size for IM: Rs. 500 Cr and above
- External Rating: A & above/Internal Rating SB-7 & above (If SBI customer)
- IMs total vendor base at least 50
- Outstanding Sundry Creditors not to exceed three months purchase
- Industry Scenario to be considered / RMD guidelines will be referred
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.
- There are 2 variants under e-VFS:
- Vendor Exposure: Financing will be made to the vendors against the supply of goods/services to reputed Corporates/IMs.
- IM Exposure: Financing will be made to the reputed corporate/IMs for payment towards the supply received from their vendors.
Last Updated On : Friday, 29-11-2019

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
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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