SME SMART SCORE

SIMPLIFIED FINANCING BASED ON SCORING MODELS

Parameters Features
Nature of Facility Cash Credit / Term Loan
Purpose Working Capital needs & Acquisition of fixed assets
Target Group Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments.
Eligibility Criteria
  • The chief promoter /chief executive should be 18 to 65 years of age
Quantum of loan (Min/Max) MANUFACTURING UNITS: Rs.5 lacs to up to Rs.50 lacs
(20% of annual turnover for WC loan and 67% of project cost for TL)

TRADE & SERVICES: Rs.5lacs to Rs.25lacs
(15% of annual turnover for WC and 67% of project cost for TL.)
Margin (%) 25% for working capital component and 33% for TL component
Pricing Competitive Pricing Linked to MCLR
Collateral Security As per Bank's extant norms for WC and TLs
Repayment Period
  • WC loan to be renewed every two years with annual review of performance.
  • TL not more than 5 years excluding moratorium not exceeding 6 months
Processing Fee As applicable to SSI /SBF / C&I units as per as per Bank's latest Instruction.