SBI EV Mitra - Business

Features

• Target Group : Existing and Prospective MSME & Non- MSME Business enterprises planning to set up EV Public Charging Station (PCS), EV Captive Charging Station (CCS) and Battery Charging Stations (Battery Swapping Stations). Existing Fuel Stations/ Petrol Pumps, Hotels, Restaurants, Commercial/ Office Spaces etc., intending to set-up EV charging infrastructure points in its operating premises for captive or commercial uses.
• Facilities Available : Term Loan
• Quantum of loan : 
  •  Minimum: > Rs. 10 lacs
  •  Maximum: Rs. 5 crores
• Pricing : 
  • Attractive Interest rates based on rating of the Borrower or as per Scheme Specific Rating (if applicable) or as per extant guidelines of the Bank.
• Borrower’s Margin / Contribution
  • Term Loan: Min. 25%
• Repayment Period
  • Term Loan: 8 years (including the moratorium period of maximum 9 months)
• Processing Fee/ Upfront Fee
  • As per Bank's extant card rates applicable from time to time.
• Other Charges: NA
• Special Feature
  • The project cost may include the cost of setting up of Cafeteria, Restrooms etc. However, the cost of such addon amenities should not exceed 25% of the total project cost or Rs. 100 lacs, whichever is lower.