E-Dealer Finance Scheme - MSME Loan / SME Loan Scheme | SBI - Business

Features

• Target Group : authorised Dealers/stockiest/distributors/franchisees
• Facilities Available :  Cash Credit
• Quantum of loan  Need based
  • Past Performance or Projected Sales, whichever is higher or
  • Limit Recommended by IM, whichever is Lower.
• Pricing :
  • Competitive Interest Rate Linked to EBR(Repo rate+2.65%) (For MSME Borrowers)/MCLR(Non MSME Borrowers)
• Borrower’s Margin / Contribution : Nil
• Repayment Period
  • Credit period up to 90 days. Yearly renewal
• Processing Fee/ Upfront Fee : Minimum single unified charges comprising of Processing Fee, Inspection Charges, Equitable Mortgages Charges, and facility fee ranging from Rs. 10,000 to Rs. 30,000/-
• Other Charges Nil
• Special Feature :
  • The transactions take place on a web based platform without branch intervention