#1
June 7th, 2016, 09:32 AM
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SME Connect SBBJ
Hello sir I want to know about eligibility criteria of SBBJ SME Connect Scheme so here can you please give me its details ?
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#2
June 7th, 2016, 09:33 AM
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Re: SME Connect SBBJ
Hey as State Bank of Bikaner & Jaipur is an associated bank of State Bank of India and here I am giving you details of SBBJ SME Connect Scheme Eligibility The existing term loan borrowers, who have not availed working capital facility during last one year, will be eligible for working capital facility under the Scheme. Take over from other Banks and potential borrowers, who have not availed any credit facility from our bank during last one year, will be eligible for existing as well as new term loans and working capital exposure. Other banks customers will be taken over subject to take over norms. All existing accounts satisfactorily conducted and eligible for taking further exposure will be eligible for new term loan. Loan Amount Minimum Rs. 10.00 lacs subject to Maximum of Rs. 15.00 crore. Margin 20 to 25 %. Rate of Interest 10 Lacs to ` 15.00 crore: 11.50 % per annum for first one year an there after normal rates as applicable from time to time as per credit rating and credit limit of the borrower Loan Processing Charges 50% Concession in normal applicable processing charges as applicable to SME loans. |
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