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

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 MSME.
• Facilities Available : 
  • Dropline Overdraft / Cash Credit / Term Loan
  • OR Combination of these facilities (depending upon customer’s need)
• Quantum of loan : 
  • Min. above Rs 10.00 Lakhs
  • Max. Rs 50.00 Lkahs
• Pricing : 
  • Attractive Interest rates based on rating of the Borrower/ External Rating or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank
  • EBLR linked (for MSMEs) & 6 months MCLR linked (for Non-MSMEs)
• Borrower’s Margin / Contribution
  • Working Capital: 20%
  • Term Loan: 33%
• 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.
• Processing Fee/ Upfront Fee
  • Unified Processing Fee: 0.40%
  • Unified Upfront Fee:
• Other Charges: As per Bank Guidelines which will be appraised to the borrower before sanction of loans
• Special Feature
  • Mandatory Requirement:
  • PAN
  • Udyam Registration No (URN). Online verification of URN should be carried out from https://udyamregistration.gov.in and a copy of the same may be documented after having verified the same as evidence.
  • GST (if applicable)
  • Both Commercial & Consumer CIC Reports should be satisfactory.
  • Go/No-Go Criteria as per CIBIL-CMR should be carried out for all loans as per e-Circular No. NBG/SMEBU-CIC/38/2019-20 dt. 09.08.2019. If the unit qualifies as Go, then only the application should be taken further.
  • 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 (As loan is covered under CGTMSE, score under collateral will be marked nil and overall scores will be normalized)