SBI Business Loan

Asset Backed Loan

10.10% onwards

Asset Backed Loan - Commercial Real Estate

10.05% onwards

Cotton Ginning Plus

7.90% onwards

e Dealer Finance Scheme

8.35% - 11.80%

Fleet Finance

9.10% - 9.95%

Lease Rental Discounting

10.10% onwards

SME eBiz Loan

9% onwards

SME Credit Card

9.50% onwards

CGTMSE

7.40% onwards

Export Packing Credit

3.35% - 8.35%

Prime Minister Employment Generation Programme (PMEGP)   

11.05%

Warehouse Receipt Finance

8.80% - 11.05%

Loans to Business Correspondents

9.75%

SBI OD Product

9.10% - 9.60%

SME Gold Loan

7.25%

SME Smart Score

9.35% - 11.40%

Finance to Food Processing Industry

8.25% - 10.70%

PM Mudra Yojana

11.05%

Stand Up India

11.05%

Other Schemes (NULM, Weaver's Credit Card, Artisan Credit Card)

11.05%

Loans under Contactless Lending Platform

Target group

• Individually managed proprietary/ partnership firm.
• Closely held public/private limited companies in the small & medium industrial & trading sector under C&I & SIB segments.

Collateral security

As per SBI's extant norms for working capital (WC) & term loan (TL).

Margin

25% for WC component & 33% for TL component.

Asset Backed Loan

Target group

• All business units that want loan facility for manufacturing & services activities.
• Self-employed & professionals covered by the MSMED Act 2006, wholesale/retail trade.

Margin

Minimum 25% cash margin for NFB facility.

Who can apply

• Existing customers of SBI who already availed credit facilities from the bank.
• New units that have marketable assets to offer as security.
• Takeover of existing units from other banks or financial institutions with a satisfactory track record.

Collateral security

Immovable property in the form of Equitable or Registered Mortgage of land/building, by way of first charge.

Asset Backed Loan - Commercial Real Estate

Target group

• Proprietorship
• Partnership
• Company

Margin

25% both for WC & fixed assets

Who can apply

• Existing customers of SBI who already availed credit facilities from the bank.
• New units that have marketable assets to offer as security.
• Takeover of existing units from other banks or financial institutions with a satisfactory track record.

Collateral security

Immovable property in the form of Equitable or Registered Mortgage of land/building, by way of first charge.

Cash flow statement

Cash flow statement required for Builder Finance on a quarterly basis in the month May/August/November/February to confirm the level of activity or status of the project/end-use of the funds.

Cotton Ginning Plus

Target group

Existing/new profit-making units in the line of activity of cotton ginning.

Margin

• Term Loan: 15%-25%
• WC: 15%-20% against Stock & 25%-40% against Book Debt

Collateral security

• Loans up to 10 Lakhs: Nil (covered under CGFMU)
• Loans above 10 Lakhs and up to 1 Crore: To be covered under CGTMSE if the fee is borne by the borrower.

Export Packing Credit

Target group

Manufacturers and merchant exporters eligible to avail Rupee Packing Credit at concessional interest rates.

Margin

Depends on the nature of order, commodity, exporter's capability, and RBI guidelines.

Collateral security

As applicable for Cash Credit/ WC limits

Who can apply

• Existing SBI customers who already availed credit facilities from the bank.
• New units
• Takeover of existing units from other banks or financial institutions with a satisfactory track record.

Other criteria

• Since packing credit loans are concessional & purpose-oriented, proper end-use of the disbursed amount must be explained by the exporters.
• ECGC: Bank's export credit portfolio (pre-shipment/packing credit) is insured within Export Credit Insurance for Banks Guarantee Scheme. The premium cost will be borne by the bank for 'A' & above rated.

e Dealer Finance Scheme

Target group

All authorised dealers of Industry Majors with whom SBI has tie-up arrangement.

Margin 

Nil

Collateral security

Nil or up to 50%, depends on each tie-up.

Other criteria

Transactions are done on SBI's Internet Banking Platform.

e Vendor Finance Scheme

Target group

Vendors of reputed Industry Majors or Corporates with whom SBI has tie-up arrangement.

Margin 

Nil

Collateral security

Nil

Who can apply

Existing borrowers of SBI who are continuously making profit for last 3 years.

Minimum turnover size for Industry Majors

500 Crores & above

Other criteria

• External Rating A & above or Internal Rating SB-7 & above required for SBI customer.
• Industry Majors' total vendor base should be at least 50.
• Outstanding Sundry Creditors should not exceed 3 months purchase.
• Industry Scenario to be considered & RMD guidelines will be referred.
• Transactions are done on SBI's Internet Banking Platform.

Fleet Finance

Target group

• Existing Fleet Operators for Goods/Passenger transport.
• Existing individuals/ firms/ companies/ trusts/ society/ institutions/ associations.

Margin

• For cost of chasis: 5% for score between 35-60% & 0% for score above 60%.
• For cost of body: 45% for score between 35-60% & 40% for score above 60%.
• For fully buile model: 10% for score between 35-60% & 5% for score above 60%.
• For other expenses: minimum 50%.

Who can apply

• Existing Fleet Operators (Goods/Passenger) who have minimum 2 years of experience in the same line.
• Fleet operator who has and existing fleet of minimum 10 vehicles.
• Borrower must have a requirement of minimum 10 new vehicles or a minimum loan amount of 50 Lakhs.
• Transport operators who have national/state route permit & other necessary permits/license/approval.

Collateral security

• Up to 1 Crore: Nil
• Above 1 Crore: Minimum 20% tangible

Lease Rental Discounting

Who can apply

• All MSME units as well as Individuals who are owners of residential/commercial properties let out on rent.
• Owners of residential buildings & commercial properties that are to be rented or have already been rented to MNCs/ Banks/ Large & Medium size corporates/ Government offices/ reputed public bodies (Municipal Corporations, etc.).

Collateral security

• Equitable Mortgage on building against rentals or any other acceptable property of similar value.
• Mortgaged property's realizable value should be at least 143% of the loan amount.

Other criteria

Standing Instructions have to be set up in CBS for transferring the EMI from the Escrow Account to Term Loan account.

The loan will be disbursed only after:

• The execution & registration of Lease Deed.
• Noting of EM is mandatory in States where it is required.
• Where EM cannot be created, Registered Mortgage should be done.
• The occupation of premises by lessee or after the receipt of first lease rent, whichever is later.

PM Mudra Yojana

Target group

• Business Enterprises involved in Manufacturing, Trading, & Services sector (including allied agricultural activities).
• Existing and new units

Margin

• Up to 50,000: Nil
• 50,001 to 10 Lakhs: 10%

Collateral security

• Nil
• However, as Primary Security, Hypothecation of P&M for Term Loan & Hypothecation of Stocks & Receivables for CC to be done.

Other criteria

• These loans are guaranteed by CGFMU, which is provided through NCGTC.
• The guarantee cover is available for 5 years & hence for advances granted under Mudra Scheme, the maximum repayment period is 60 months.
• All Branches to issue MUDRA RuPay Card for all the eligible CC accounts.

SME eBiz Loan

Who can apply

Sellers registered on e-Commerce portal for selling products online, having at least 6 months track record on any of the major e-Commerce player.

Limit assessment

Based on turnover done in the last 12 months through all accounts maintained by the unit.

Collateral security

• Primary security: Hypothecation of stocks & assignment of receivables.
• Collateral security: Minimum 35% collateral (in the form of SARFAESI compliant land or building, liquid securities in the form of Bank Deposits/ LIC/ NSC/ KVP pledged or assigned to SBI).
• Guarantee: Personal guarantee of all Directors/ Partners/ Promoters of the unit.

Simplified Small Business Loan

Target group

• All business units involved in manufacturing & services activities
• Self-employed & professional individuals
• Wholesale/retail trade.

Margin

10% (to be ensured through stocks & receivable statement)

Other criteria

• Applicant must have an existing business for at least 5 years in the same area/locality.
• Applicant should be the owner of the premises or have valid tenant agreement with the shop's owner (in case of rented premises, a residual period of minimum 3 years).
• Applicant should hold a current account at any bank for at least 2 years (proprietorship/ partnership/ corporate concerns).
• Minimum average monthly balance should be more than 1 Lakh in last 12 months, with monthly threshold balance of 1,000.
• Applicant must meet the Go/No Go Criteria.

Stand Up India

Target group

SC/ST & Women entrepreneurs

Margin

• Minimum 10%
• Maximum margin money on composite loan should be up to 25%, which is reduced through convergence with Central/State schemes.

Collateral security

Nil

Other criteria

All loans above 10 Lakhs & up to 1 Crore to SC/ST borrowers & women entrepreneurs for Greenfield projects only.

SME Smart Score

Target group

• Individually managed proprietary/partnership firm.
• Closely held public/private limited companies in the small & medium industrial and trading sector under C&I, and SIB segments.
• The chief promoter/chief executive should be aged between 18 to 65 years.

Margin

25% for WC component & 33% for TL component.

Collateral security

As per SBI's extant norms for WC & TLs.

SME Credit Card

Target group

SSI units, tiny units, retail traders, village industries, professionals, self-employed, etc.

Margin

Nil for loan up to 25,000 & 20% for loan above 25,000.

Who can apply

Customers having satisfactory record for last 2 years in the following segments:

• Small retail traders, small industrial units, professionals, self-employed persons, small business enterprises, transport operators, units that do not enjoy credit limit with SBI/other banks at present with excellent performance & credentials can be considered.
• Term loans may be sanctioned under SBCC for acquisition of shop under Small Business Enterprises.

Collateral security

• SSI: Nil
• SBF: For loans above 25,000, charge over movable/immovable property or third party guarantee.

Warehouse Receipt Finance

Target group

• Finance traders/owners of goods
• Manufacturers for own processing against warehouse receipts issued by Collateral Managers with whom SBI has tie-up.
• WHR issued by CWC/SWC are also eligible.

Margin

25% to 35% of Market Price, depending on facility & tie-up or without tie-up.

Collateral security

• Primary: Pledge/Hypothecation of underlying stocks for which WHR is issued by the Collateral Manager/CWC/SWC, with lien marked in favour of SBI.
• Collateral: Personal Guarantee of partners/directors, wherever applicable.

Finance to Food Processing Industry

Who can apply

• Units engaged in the following food processing industries:
• Fruit & vegetable processing industry
• Dairy products
• Food grain milling industry
• Processing of poultry, eggs, & meat products
• Fish processing
• Bread, oilseeds, breakfast foods, meals (edible), biscuits, confectionery, & other ready to eat food products.
• Aerated water/soft drinks, & other processed foods
• Special packaging for food processing industries

Loans to Business Correspondents

Who can apply

• Kiosk operators/ Customer Service Providers engaged by Business Correspondents of the Bank for providing Banking Services under Financial Inclusion.
• Aged between 18-60 years
• Should be residing in their area of operations for more than 3 years.
• BC/CSP should be attached with Bank for at least 1 year.

Margin

Nil

Collateral security

Nil

SBI OD Product

Target group

All National or State level Business Correspondents having valid agreement & satisfactory business relationship with SBI for at least 2 years.

Collateral security

• Assignment of commission to be received by the Business Correspondents.
• 20% cash collateral, if collateral security is offered.
• Personal guarantee of the promoter directors.

SBI Exporters? Gold Card Scheme

Target group

Creditworthy exporters with good track record

Other criteria

• Existing customers/new connections of SBI who fulfil the following criteria are eligible:
• Accounts classified as 'Standard Asset' continuously for at least last 3 years.
• No irregularities/adverse features should have been observed in the conduct of the accounts.
• The exporter should not have been blacklisted by ECGC or included in RBI defaulters'/caution list.
• The unit should not have incurred losses during the past 3 years.
• Overdue export bills of the unit should not be in excess of 10% of the previous year's turnover.

SME Gold Loan

Who can apply

• Existing MSME Units (Proprietorship Firms only)
• Both borrowing & non-borrowing units of SBI, who want to avail loan against Gold Ornaments or Jewellery.
• Unit/Shop should be with running activity.
• Account should not be in NPA status.

PMEGP

Who can apply

• Individual above 18 years of age
• At least VIII standard pass
• Projects cost should be above 10 Lakhs in the manufacturing sector & above 5 Lakhs in the business/service sector.
• Only new projects are considered
• Self Help Groups & Institutions registered under Societies Registration Act, 1860
• Production Co-operative Societies
• Charitable Trusts

PMMY

Target group

Existing & new Business enterprises engaged in Manufacturing, Trading, & Services sector (including allied agricultural activities).

Margin

Nil for loan up to 50,000 and 10% for loan above 50,001 to 10 Lakhs.

Stand-Up India

Who can apply

• At least one Scheduled Caste or Scheduled Tribe borrower and at least one woman borrower per bank branch for setting up a greenfield enterprise.
• The enterprise may be in manufacturing, services or trading sector.
• For non-individual enterprises, at least 51% of the shareholding & controlling stake should be held by either an SC/ST or woman entrepreneur.

Guaranteed Emergency Credit Line

Target group

GECL facility is for BEs/MSMEs to help them augment their net working capital, meet operational liabilities, and restart their businesses during COVID-19 crisis.

Margin

Nil