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June 16th, 2016, 09:55 AM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank of India SME Loan

Hello, here I am providing you the details of the SME loans offered by the State Bank of India as under:

Loans:
Manufacturing
SBI Asset Backed Loan
SBI e-Smart SME e-Commerce Loans
Pradhan Mantri Mudra Yojana

Trade
SBI Asset Backed Loan
SME Credit Card
Pradhan Mantri Mudra Yojana

Services
SBI Fleet Finance Scheme
SBI Asset Backed Loan
Pradhan Mantri Mudra Yojana

Documents
KYC-PAN, address & ID proof
Income proof, bank statement and one photograph

Facility
Hassle free business loan against mortgage of property.

Target Group
Business Units engaged in the Trading, Manufacturing and Services

Purpose
Loan for all business purpose like working capital requirement, purchasing of fixed assets, capacity expansion/ modernization /technology up-gradation/R&D/shoring of NWC or any other short term requirement

Quantum of Finance
Loans upto Rs 20 crores

Interest Rate
Very attractive interest rate

Repayment Period
Repayment tenor upto 180 months

Special Features
Loan upto 60% of the value of property.
Dropline overdraft facility.
SME Insta Deposit Card and SBI Business Debit Card free of cost.
Free Cash pick up facility


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