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.

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)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
SME Loan

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)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years