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SBI Business Loan

admin

8 Jan, 2015

SBI SME Collateral Free Loan-

Borrowers eligible under the scheme will be covered under CGTMSE guarantee scheme.
No collateral required.
Max Loan amount up to Rs 1 crore.
Repayment period- Max 7 years including moratorium period.

SME Smart Score

Available to small and medium enterprise units engaged in manufacturing, trade or services.
For manufacturing units the maximum loan amount is Rs 50lakhs and for trade and services units the total limit is up to Rs 25lakhs.
Repayment period 5 years excluding moratorium not exceeding 6 months
The interest rate is floating rate of interest and is linked to base rate.

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