SME Credit Card - MSME Loan / SME Loan Scheme | SBI - Business
SME Credit Card
Show More
SME Fixed DepositsSME Government SchemesApply OnlineExternal Benchmark based Lending Rate(EBLR) for MSME LoansOnline Lead StatusContact Details of AGM SMEsList of SME Intensive BranchesDigital collection ProductsDigital LoansLoan Against PropertyLoans for Healthcare IndustryTransport Vehicle loansSupply Chain FinanceEnergy Efficient ProductsOther Business LoansSmall Business LoansIndustry Specific Loans
Purpose: To meet any kind of credit requirements including purchase of shop
Features
- Target Group : All Micro Enterprises, SSI units, SBF, Retail Traders, village industries, tiny units, professionals, self-employed, MSME Units
- Facilities Available : Cash Credit and / or Term Loan
- Quantum of Loan : Max. upto Rs 10.00 Lkahs
- Pricing :
- Attractive Interest rates based on rating of the Borrower/ External Rating or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank.
- EBR (Linked to Repo Rate and Currently EBR is Repo Rate + 2.65%) linked (for MSMEs) & 6 months MCLR linked (for Non-MSMEs)
- Borrower’s Margin / Contribution :
- Up to Rs 50000 – NIL
- Rs 50001 to Rs 10 lacs ---10%
- Repayment Period:
- Cash Credit: Repayable on demand. Validity: 3 years subject to Annual Review.
- Term Loan: < Rs. 5 lakhs: Max. 5 years including moratorium period up to 6 months. Annual review to be done.
Rs. 5 lakhs & above: Max. 7 years including maximum moratorium period of upto 12 months. Annual review to be done. Interest to be serviced during moratorium.
- Processing Fee/ Upfront Fee :
Processing Fee | Upfront fee |
---|---|
Unified Processing Fee: | Rs 1000/- + GST |
Unified Upfront Fee: | NIL |
- Other Charges: As per Bank Guidelines which will be appraised to the borrower before sanction of loans
- Special Feature
- Nil Collateral Security
- All loans to be covered under CGFMU as under Mudra Scheme. However, the accounts which are already opened, and fee is being paid under CGTMSE will be continued.
- Assessment of Limit:
- Working Capital: 20% of turnover of the last 12 months through the account
- Term Loan: Total Project Cost less stipulated margin
- For Self - Employed & Professionals: 50% of Gross Annual Income as declared in their income tax return
Eligibility Criteria
Customers of the following segments with a satisfactory track record for the last 2 years:
- Small Industrial Unit, Micro Enterprises, Small Retail Traders, MSME Units, Professionals & Self-Employed persons, Small Business Enterprises, Transport Operators (SRTO), Units who do not enjoy credit limit with us/ other banks at present with excellent performance and credentials may be considered.
- Scoring Model: Units which obtain a minimum of 60% score as per Scoring Model, would qualify under the product.
Last Updated On : Friday, 09-02-2024

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
SME Loans
Limited Time Offers - Unlimited Joy

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