Cotton Ginning Plus - MSME Loan / SME Loan Scheme | SBI - Business
Cotton Ginning Plus
Features
- Type of Facility
- Term Loan
- Cash Credit
- Purpose
- Working capital financing
- Acquisition of machinery factory building for modernization/ Expansion etc.
- Quantum of loan (Min/Max)
- Term Loan based on project outlay
- Working capital limits:Need based
- Margin (%) : Term Loan: 15%-25%
- Working capital:
- Against Stock: 15-20%
- against Book Debt: 25%-40%
- Pricing : Competitive Interest Rate Linked to MCLR
- Repayment Period
- Term Loan : 5 to 7 years
- Working Capital: Repayable on demand.
- Processing Fee/Upfront Fee : As per card rates applicable from time to time
Eligibility Criteria
- profit making existing units & New Units in the line of activity of cotton Ginning
Collateral Security
- Loans upto Rs 10 lacs: NIL (Covered under CGFMU)
- for Loan above Rs 10 lacs-Rs 1 cr to be covered under CGTMSE if FEE borne by borrower

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
SME Loan

Loans under Contactless Lending Platform

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
SME Loan

Loans under Contactless Lending Platform

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years