SME Smart Score

Business Current AccountsSME LoansSME Collection Products
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 Branches
SME Smart Score
Apply Now

Purpose: To meet any kind of credit requirements including purchase of fixed assets

Features

  • Target Group : All MSME Units including Proprietorship Firm/ Partnership Firm/ Closely held public & private limited company in Small & Medium industrial, trading and service sector under SSI, C&I and SBF Segments.
  • Quantum of loan (Min/Max) : Manufacturing, Trade & Services Units:
    • Minimum: above Rs. 10 lakhs
    • Maximum: below Rs. 50 lakhs
  • Margin (%) : 
    • Working Capital: 20%
    • Term Loan: 33%
  • Pricing : Competitive pricing linked to EBLR
  • Collateral Security : Nil. All loans to be covered under CGTMSE (Credit Guarantee Fund Trust Fund for Micro & Small Enterprises) and guarantee fee to be borne by borrower
  • Repayment Period:
    • Cash Credit: Loan to be renewed every 2 years with annual review of performance.
    • Term Loan/ Dropline OD: Not more than 7 years including moratorium not exceeding 6 months. Annual review to be done for all loans.
  • Fee & Charges: 0.40% of the loan amount

Eligibility Criteria

  • The chief promoter /chief executive should be 18 to 65 years of age

    The applicant must obtain a minimum overall score of 60% with a minimum of 50% under each sub-head like Personal Details, Business Details, Collateral Details (except in cases where collateral is not applicable, the minimum marks will be nil)

Apply Now

Last Updated On : Thursday, 07-07-2022

Interest Rates

8.40%* p.a.

w.e.f. 04.10.2022

*T&C Apply.

 

View All
SEE PRODUCTS APPLY NOW
Quick Links