SBI Business Loan

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.