SME Smart Score - MSME Loan / SME Loan Scheme | SBI - Business
SME Smart Score
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)
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