Arthiyas Plus - Business
Arthiyas Plus
Purpose : To meet the Working Capital requirements of Commission Agents / Arthias engaged in trading activity.
Features
- Target Group: Commission Agents/ Arthias engaged in Retail Trade. qualify under SME Car Loan.
- Quantum of loan (Min/Max):
- Min: Rs. 10.01 lakhs
- Max: Rs 5.00 crores
- Margin (%):
- Stocks: 30%
- Receivables (not older than 6 months): 40%
- Pricing: Competitive pricing linked to EBLR
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Collateral Security : 125% of loan amount. Only SARFAESI Compliant Commercial and Residential properties shall be obtained as Collateral Security.
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Repayment Period : Repayable on demand or renewable after 12 months.
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Unified Charges (Inspection, Processing, Equitable Mortgage,Documentation Charges) :
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A) New Cases: 0.50% of limit sanctioned per annum. (Min: Rs 5,000/- and Max: Rs. 50,000/- plus applicable taxes)
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B) Renewal at Existing Level: i) 0.25% of limit sanctioned per annum. (Min: Rs. 2500/- and Max: Rs. 25,000/- plus applicable taxes) AND ii) 0.50% on enhanced portion of the limit sanctioned per annum (Min: Rs. 5000/- and Max: Rs. 50,000/- plus applicable taxes) i+ii) Overall cap of Rs. 50,000/- plus taxes
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Eligibility
- Commission Agents / Arthias (functioning in markets/ mandies) also engaged in Retail trade activities and enjoying good reputation in the market with sufficient experience in the line of their business for the past 3 years. They should be registered with the Market Committee and possess a valid license issued by the Authorized government agencies. In addition to the existing criteria, new units promoted by family members / partners of existing firm banking with SBI may also be considered eligible for loan provided they have at least one financial statement and minimum 6 months of operations / data.
Last Updated On : Friday, 08-07-2022

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
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Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above