SME CREDIT CARD

SIMPLIFIED FINANCING TO SMALL UNITS BASED ON SCORING MODEL

Parameters Features
Nature of Facility Cash Credit / Term Loan
Purpose To meet any kind of credit requirements including purchase of shop
Target Group SSI units, tiny units, village industries, retail traders, professionals, selfemployed, etc
Eligibility Criteria Customers with satisfactory record for last 2 years in following segments:

Small industrial units, Small retail traders, Professionals & self-employed persons, Small business enterprises, Transport operators, Units who do not enjoy credit limit with us / other banks at present with excellent performance and credentials may be considered.

Term loans can be sanctioned under SBCC for acquisition of shop under Small Business Enterprises.
Quantum of loan (Min/Max) Maximum: Rs.10 lacs
Margin (%)
  • Up to Rs.25000/- Nil
  • Above Rs.25000/- 20%
Pricing Competitive Pricing Linked to MCLR
Collateral Security SSI- No collateral is to be insisted upon (To be covered under CGTMSE)

SBF- For loans more than Rs. 25,000/- charge over movable/immovable property/third party guarantee. All loans that are eligible for guarantee cover under credit guarantee scheme of CGTMSE should be invariably covered under the scheme
Repayment Period
  • WC valid for 3 years with annual review.
  • TL not more than 5 years excluding moratorium of 6 months
Processing Fee As applicable to SSI/SBF units