Following are some of the SME loan products from State Bank of India.  These are specifically designed by SBI in support of improved credit to SMEs.  The inline image shows the SME branches of SBI in Hyderabad and Secunderabad twin cities.  The details herein are drawn from SBI loan product sheet and aspirant individuals, SMEs may contact the SME branches of SBI falling under their jurisdiction in twin cities.  The information is given for the benefit of readers and I don’t deal with facilitating loans.  However, I can assist individuals and organizations in project fund / Project finance documentation, representation of your project fund requirement with relevant funding organizations, and professional support in the context.

sbi sme branch loan products

SME Current Accounts:

  1. SME Power pack, SME Power gain, SME Premium
  2. Business Current Accounts with QAB ranging from INR 20,000/ to INR 5.0 lakhs
  3. Freebies, concessions and nil charges on various transaction in the account
  4. Business Debit Card and Insta Cash Deposit Card facility available
  5. Current Account withdrawals can be made in ATMs with BDCs
  6. Cash Deposit can be made in CDMs with ICDs
  7. Under Surabhi Deposit Scheme Business Current Accounts will earn interest also.

POS (SWIPING) Machine & Power POS account

  1. POS machines with wide acceptability of debit/credit cards with attractive merchant discount rate.
  2. Power POS current account may be opened with zero balance
  3. POS overdraft facility of INR 25,000/-

Asset backed loan (ABL)

  1. Business units can avail the loans under the scheme for build up of current assets, fixed assets, modernization and such purposes
  2. 60% of the value of the property
  3. Minimum of INR 10.00 lakhs and maximum of INR 20.00 crores
  4. Very attractive rate of interest at 11.75% [enquire with bank for the current rate of interest]
  5. Drop line overdraft facility
  6. Half yearly stock statement

Open term loan

  1. A pre-approved term loan facility – option of multiple disbursement for multiple purposes
  2. Business units may finalise plan and avail the disbursement within 12 months
  3. Useful for existing units banking with SBI or other banks
  4. Maximum of INR 2.50 crores
  5. Collateral as per the bank norms

Electronic Dealer Finance Scheme (e-dfs)

  1. To provide financial assistance to authorised dealers of industry majors(IMs)
  2. Bank has tie ups with a large number of IMs for providing e-DFS to the dealers authorised by IMs
  3. 100% funding of invoices
  4. Collateral security @ 25% or inil as per the tie up with IM
  5. Very attractive rate of interest @ 10.30% presently
  6. Disbursements are on specialised e-platform through INB

Project finance for large value private builders

  1. Working capital finance on Project specific basis
  2. Reputed, successful quality builders with 3 ventures minimum experience
  3. Upto 50% finance of the net requirement
  4. Subject to statutory clearances from all competent authorities
  5. CRA linked interest rates
  6. 100% mortgage of land & building / alternate collateral
  7. Repayment in 24 months (max) extendable to 36 months

All the above SME loan products are as announced by SBI which may revise them from time to time.  Hence, readers may confirm the operation and admissibility factors with their relevant SME branch.