SME Credit Card - MSME Loan / SME Loan Scheme | SBI - Business
SME Credit Card
Purpose: To meet any kind of credit requirements including purchase of shop
Features
- Target Group : All Micro Enterprises, SSI units, SBF, Retail Traders, village industries, tiny units, professionals, self-employed, MSME Units - Udyam Registration with ministry of MSME is mandatory.
- Quantum of loan (Min/Max) : Maximum: Rs. 10.00 lakhs
- Margin (%)
- Upto Rs. 50,000/-: Ni
- Above Rs. 50,000/-: 20%
- Pricing : Competitive pricing linked to EBLR
- Collateral security: Nil Collateral Security. All loans to be covered under CGTMSE (Credit Guarantee Fund Trust Fund for Micro & Small Enterprises) and guarantee fee to be borne by borrower
- Repayment Period:
- Cash Credit: Repayable on demand. Validity: 3 years subject to Annual Revie
- Term Loan: < Rs. 5 lakhs: Max. 5 years including moratorium period up to 6 months. Annual review to be done. Rs. 5 lakhs & above: Max. 7 years including maximum moratorium period of upto 12 months. Annual review to be done.
- Fee & Charges : As applicable to SSI/SBF units
Loan amount | Processing fee |
---|---|
Upto Rs.5 lakhs | Nil |
Above Rs. 5 lakhs and upto Rs.10 lakh | Rs. 1,000/- (+ GST) |
Eligibility Criteria
Customers of the following segments with a satisfactory track record for the last 2 years:
- Small Industrial Unit, Micro Enterprises, Small Retail Traders, MSME Units, Professionals & Self-Employed persons, Small Business Enterprises, Transport Operators (SRTO), Units who do not enjoy credit limit with us/ other banks at present with excellent performance and credentials may be considered.
- Scoring Model: Units which obtain a minimum of 60% score as per Scoring Model, would qualify under the product.
Last Updated On : Thursday, 07-07-2022

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