Simplified-Small Business Loan - MSME Loan / SME Loan Scheme | SBI - Business
Simplified Small Business Loan (SSBL)
Purpose
To provide hassle free finance for meeting only working capital requirement related to business activity of the unit.
Features
- Target Group : All Business units engaged in manufacturing, services activities along with self-employed and professional individuals, wholesale / retail trade.
- Quantum of loan (Min/Max) :
- Minimum: Above Rs. 10 lakhs
- Maximum: Rs. 25 lakhs
- Margin (%): 10% which should be ensured through stocks and receivable statement
- Pricing: Competitive pricing linked to EBLR
- Collateral Security :
- Minimum collateral of 40% in the form of exclusive mortgage charge on Land & Building/cash equivalent like lien/charge on Fixed Deposit, Mutual Fund etc. Realizable value of immovable property to be taken for this purpose and property should be SARFAESI compliant.
- Personal guarantee of all the directors / partners. However, personal guarantee of Professional director / Independent directors / Nominee directors will not be obtained.
- Personal Guarantee of the owner of the Collateral Security offered as Mortgage/Pledge.
- Repayment Period:
- Cash Credit: Repayable on demand or To be renewed annually.
- Dropline OD:
- Limits can be sanctioned for a period ranging from 12 months to 60 months (reducing DP) including a moratorium of a maximum three months. To be reviewed annually.
- The drawing power shall be reduced monthly so as to have the outstanding liquidated at the end of the repayment period.
- Regular transactions are permitted upto drawing power available.
- No over-drawings will be permitted.
- DP Reduction date or instalment due date will be last working day of every month.
- After liquidation, in case further loan is required, fresh request to be made
- Unified Charges : Rs. 7500/- plus applicable taxes. Unified annual charges comprising of processing fee, EM charges, documentation charges, Inspection, commitment charges and remittance charges (1 remittance per day free)
Eligibility Criteria
- Existing business for at least 3 years in the same locality/area. Should be owner of the premises or should have valid tenant agreement with the owner of the shop, in case of rented premises the residual period to be minimum > 3 years and minimum 1 year stay at the rented/leased premises.
- Current account holder at any bank for at least 2 years (proprietorship, partnership & corporate concerns). Monthly threshold balance of Rs. 10,000/- & Min. credit summations of > Rs. 50 lakhs during last 12 months Unit is situated within a radius of 10 km from the financing branch. The borrower should also fulfil the eligibility criteria for Go/ No Go.
Last Updated On : Thursday, 07-07-2022

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