7/31/2019 SBI-SME-SBI SME Collateral Free Loan
1/1
SME COLLATERAL FREE LOAN
Details
Eligibility
New and existing Micro and Small Enterprises engaged in
Manufacturing andService sector. For Manufacturing sector, original
investment in plant & machineryshould be upto Rs 5 crore and
for Service sector, original investment in equipmentupto Rs 2
crore.
Purpose Working capital needs (Fund Based+ Non Fund Based). Term
loan for construction of Building, office, acquisition of machines
/ equipmentsincluding expansion and modernization of the unit.
Facility
Cash Credit Term Loan Letter of Credit Bank Guarantee
Quantum of FinanceTotal Exposure to the unit : Upto Rs. 1.00
crore (All facilities WC, TL & NFB facilities)
Interest RateAttractive rates of interest*
Service Charges concession in processing and service charges.
Other charges as applicable.
Security Primary Security:- Assets created out of bank finance
Existing assets of the borrower as per definition of CGTMSE No
collateral No third party guarantee
Repayment Period Working Capital (WC): One year, repayable on
demand. Working capital limits will
be renewed every two year. However, performance of the unit and
conduct ofaccount will be reviewed annually for continuation of
limits. Term Loan: Maximum Seven Years including moratorium
period.
