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FOREWORD
It gives us immense pleasure to bring out the booklet named “SBI for
You - SME Loan & Service Products” for the benefit of our esteemed
customers.
Our Bank has always been in the forefront in providing efficient
customer service tirelessly through various channels since last 212
years.
Banking industry is witnessing a paradigm shift. As a premier financial
institution of the country, SBI has been realigning its product bouquet
to cater to the fast changing needs and meet contemporary
expectations of the customers. It is a small attempt to apprise our SME
customers about our SME Loans & Services products. While an ocean of
information is available on the various sites, this booklet shall act as a
ready reference guide for our customers.
I deeply appreciate the excellent effort made by Team SBILD Jammu
and LHO Officials for taking this initiative.
Wishing you all a delightful banking experience.
Rana Ashutosh Kumar Singh
Chief General Manager
Local Head Office
Chandigarh
Check-list of documents to be submitted by the customer with loan application
SME Asset Products
1. Pradhan Mantri Mudra Yojna (PMMY)
2. Stand Up India
3. SME Credit Card
4. SME Smart Score
5. SME Credit Plus
6. SME Asset Backed Loan
7. SBI Asset Backed Loan -CRE
8. SBI Fleet Finance
9. SBI Doctor Plus Scheme
10. SBI Medical Equipment Finance Scheme
11. Cotton Ginning Plus
12. e- VFS Electronic Vendor Financing Scheme
13. e -DFS Electronic Dealer Financing Scheme
14. m -DFS Mortgage Dealer Finance Scheme
15. SME Open Term Loan (SME-OTL)
16. Simplified Small Business Loan (SSBL)
17. Commodity Backed Warehouse Receipt Financing
18. Arthias Plus Scheme
19. SBI FCNR(B) Loans
20. Lease Rental Discounting (LRD) Scheme
21. Stand By Line Of Credit (SLC)
22. General Purpose Term Loan for SSI
23 e-Trade SBI
SME Deposit Products
1. SME Power Pack Current Account
2. SME Power Gain Current Account
SME Services Products
1. Cash Pick Up Facility
2. SME Insta Deposit Card
3. Point of Sales (Pos)
4. Corporate Internet Banking (CINB)
5. SB Collect
6. e Z Card (Pre Paid Card)
CONTENTS
SBI FOR SME
A vibrant MSME segment is of utmost importance to meet the macro-economic goals of the country. State Bank of India is offering a complete product collection of deposit products, loan offerings as well as the convenience of transaction banking services like corporate retail banking offered through a completely served INB platform. The SME landscape in the country has witnessed significant change and growth - new age business models and young entrepreneurs are driving
this change and have created new ecosystems enabling lakhlakhs of Indians to become micro-entrepreneurs. The revival of business sentiment and growth in GDP has brought the focus sharply on the growth and viability of SME units. The Government's initiatives – Make in India, CGTMSE cover, MUDRA – are providing a significant boost to the SME segment.
SBI is pioneer and market leader in SME financing. With over one million
customers the SME portfolio of Rs.269875 crore as on 31st March 2018
accounts for nearly 13.17% of the Bank’s total advances.
1. Application form/request letter from the customer along with KYC documents 2. Statement of accounts for past 12 months covering minimum one Financial Year. 3. Details of security offered, if any. 4. Full set of Audited Balance Sheet for the last 3 years wherever applicable 5. Company/ unit incorporate documents- viz. Memorandum & Article of Association/ Partnership deed/ Trust Deed/ Bye-laws of Society, as the case may be 6. Brief Profile of the unit, management, Key persons, Industry etc. 7. Copies of Statutory approvals viz. MSME registration, License/ approval from regularity authority, Pollution Control Certificate, VAT registration, etc. 8. IT returns for the last 2 years. 9. VAT return for the last year. 10. In case of rented premises, copy of lease agreement(s)
11. Original title deeds/certified copies (in case of takeover of limits), prior deeds, Land tax receipt, Building tax receipt, possession certificate, Location sketch and other relevant papers for TIR of the properties. Note: Additional documents may be required depending on product/ service applied for.
LIST OF DOCUMENTS TO BE SUBMITTED BY
THE CUSTOMER WITH LOAN APPLICATION
This Scheme is launched to “fund the unfunded", i.e. to provide credit to micro enterprises / units in the country. For loans under PMMY, applicants can also apply on-line through SIDBI's Stand up India portal namely www.standupmitra.in
Eligibility Income generating non-farm activity in manufacturing, trading and services sector whose loan requirement is upto Rs. 10 lakhs
Purpose Financing working capital needs & acquisition of machinery/ factory building for modernization/ expansion, etc
Type of Facility
Term Loan and Working Capital. Mudra Rupay Card for all eligible Cash Credit accounts
Quantum of Finance
Maximum upto Rs. 10 Lakhs. Further classified under 3 categories namely SHISHU: up to Rs.50,000 only; KISHORE: above Rs.50,000 and upto Rs.5 lakhs; TARUN: above Rs.5 lakhs and up to Rs.10 lakhs
Margin Upto Rs. 50000 NIL Rs 50001 to Rs 10 lakhs 10%
Security Primary- Hypothecation/pledge over assets created from bank finance. Collateral: Nil To be covered under CGFMU
Repayment period
Working Capital: Repayable on demand. Term Loan: 3 - 5 years including a moratorium of upto 6 months.
PRADHAN MANTRI MUDRA YOJANA (PMMY)
The Stand up India scheme was launched by the Prime Minister on 05.04.2016. The scheme endeavours to create an eco system for SC, ST and women entrepreneurs, which facilitates and continues to provide a supportive environment for doing business. For loans under SUI, applicants can apply on line also through SIDBI’s Stand up India portal namely www.standupmitra.in.A RuPay Card to be issued to the borrower for Cash Credit Component Target Group SC/ST and Women entrepreneurs
Purpose To meet all kinds of credit requirement for setting up Greenfield Projects under manufacturing, services or the trading sector
Type of facilities
Composite Loan (Working Capital facilities / Term Loan)
Quantum of Finance
Minimum – More than Rs. 10 lakhs Maximum – Rs. 1 crore
Repayment for Term Loans
Maximum of 7 years (including moratorium period up to 18 months)
Margin Minimum mandatory margin is 10%. Maximum Margin Money on composite loan would be upto 25% which will be reduced through convergence with Central /State Schemes
Security Primary : Hypothecation of stocks, machinery, movables etc. purchased out of Bank’s finance Credit Guarantee/Collateral : ‘Credit Guarantee Scheme for Stand Up India (CGSSI), for loans under SUI, has been notified by GOI with NCGTC (National Credit Guarantee Trustee Company Ltd.) on the lines of CGTMSE.
STAND UP INDIA (SUI) SCHEME
To finance any kind of credit requirements to borrowers with good track record for last two years.
Target Group Small industrial units, Small retail traders Professionals & self employed persons Small business enterprises, Transport operators, artisans. Term loans can be sanctioned for acquisition of shop.
Type of facilities
Cash Credit and/or Term Loan
Quantum of Finance
Maximum - Rs.10 lakhs
Margin Upto Rs.25000/- Nil Above Rs.25000/- 20%
Security Hypothecation of stock in trade, receivables, machinery, office equipment SSI – No collateral is to be insisted upon (To be covered under CGTMSE) SBF—For loans more than Rs.25000/- charge over movable /immovable property/third party guarantee.
Repayment The Term Loan component should be repayable in a maximum of 5 years in suitable instalments.
SME CREDIT CARD
SME SMART SCORE
This is a loan to finance genuine short term and long term credit needs of SME borrowers based on credit score.
Target Group Individually managed proprietary/partnership firm or closely held public/private limited companies in the Small and medium industrial and trading sector under C&I and SIB segments.
Purpose Working Capital needs & Acquisition of fixed assets
Facility Cash Credit / Term Loan
Eligibility The chief promoter should be 18 to 65 years of age. The applicant must obtain a minimum overall score of 60% with a minimum of 50% under each
sub-head like Personal details, Business details and collateral details
Assessment of Limit
Manufacturing Units: 25% of annual turnover for WC loan and 67% of project cost for TL Trade & Services: 15% of annual turnover for WC and 67% of project cost for TL.
Quantum Of Loan
Manufacturing Units: Rs.5 lakhs to up to Rs.50 lakhs Trade & Services: 5 lakhs to Rs.25 lakhs NFB facilities can be sanctioned.
LTV/Margin 25% for working capital component and 33% for TL component.
Security Hypothecation of stocks and assets financed by Bank
Repayment Period
WC loan to be renewed every two years with annual review of performance. TL not more than 5 years excluding moratorium not exceeding 6 months
Stock Statement
To be submitted monthly
SME CREDIT PLUS
For meeting unforeseen expenditure of SSI units related to their
working capital requirements on account of increased level of activity
or unexpected bulk orders for which the existing sanctioned W/C
limits are not adequate.
Facility Clean Cash Credit. A separate account without DP
is to be opened for each borrower. Funds from this
account to the operative cash credit account from
where money can be withdrawn.
Eligibility Customers of high standing and integrity. For
existing borrowers, accounts should be standard
assets for past 2 years.
For new/existing units requiring/enjoying fund-
based WC limit of Rs.25 lakhs & over, the
minimum rating should be SB-9.
Assessment of Limit
Additional limit @ 20% of the total Fund Based
Working Capital credit limits can be sanctioned.
Quantum Of Loan
Maximum of Rs.25 lakhs. The additional limit can
be used for 12 times in a year with gap of at least
15 days between total repayment and its next
utilization.
LTV/Margin As applicable to working capital advances.
Security Extension of Charge or additional collateral
security to be obtained
Repayment Period
Amount once drawn under the facility will have to
be liquidated within two months
SBI ASSET BACKED LOAN
A loan for build-up of current assets and fixed assets needed for business purpose, capacity expansion, modernization, short term working capital etc.
Target Group
Existing and new business units who want to avail loan facility for manufacturing and services activities along with self-employed and professional individuals. Takeover of existing units from other Banks/ FIs with satisfactory
track record.
Type of Facility
Fund Based (Drop-line Overdraft facility). Non Fund based can be given however, LTV ratio has to be maintained for the aggregate limits (FB+NFB) @ 50% of the realizable value
Assessment of Limit
Upto Rs. 5 crore : working capital credit limit to be computed at minimum 25% of projected turnover, subject to cash flow being sufficient to repay the amount Above Rs. 5.00 crores: Assessed Bank Finance (ABF) Method. NFB facility: Minimum 25% cash margin for NFB facility.
Quantum of Finance
Minimum loan amount: above Rs. 10 lakhs Maximum loan amount: Rs. 20 Crores
LTV/Margin 50% of the realizable value of property
Security
Collateral: Immovable property (SARFAESI enabled) Third party Guarantee: Personal Guarantee from the Promoters / Partners / Directors of the Unit. Personal Guarantee of the owner of the Collateral Security offered for Mortgage.
Repayment period
Ranging from 12 months to 180 months. Maximum moratorium 18 months. No over-drawings permitted.
SBI ASSET BACKED LOAN
COMMERCIAL REAL ESTATE (ABL -CRE)
A loan for build-up of current assets and fixed assets needed for business purpose, capacity expansion, modernization, short term working capital etc.
Purpose
For construction/acquisition of real estate both residential and commercial such as office buildings, retail space, industrial space, multiplex, hotels, restaurants, amusement parks, cold storage etc. where the prospect for repayment would generally be lease or rental payment or sale of asset
Target Group Proprietorship/ Partnership/ Company Existing/ New/ Takeover
Type of Facility
Fund Based (Drop-line OD facility) & Non Fund Based
Quantum of Finance
Above Rs. 10 lakhs Maximum upto Rs. 50 crores
LTV/Margin Immovable property: 50% of the realizable value. 25% margin both for working capital and fixed assets.
Security
Immovable property (compliant under SARFAESI Act) belonging to Unit, its proprietor/partners/directors or their near relatives, in the name of Associate units with common partners/directors or their near relatives. Near relatives will cover Father, Mother, Spouse, Son Daughter, real Brother & real Sister
Repayment
From 12 to 72 months, inclusive of moratorium, with either Equated Reduction or customized reduction in limit, subject to cash accruals as per projections. Int. Servicing: monthly
SBI FLEET FINANCE
Purpose To finance the fleets in the Medium Fleet Operator (MFOs) and Large Fleet Operator (LFOs) segment
Target Group
Existing Fleet Operators & Captive Users, Business Enterprises, Contractors, Mine owners, Port Owners/Operators etc. To finance new vehicles (Small, Light, Medium, Heavy Commercial Vehicles, Passenger Vehicle). e.g. trucks/tankers/ trailers/ tippers/buses/ luxury buses and passenger vehicles etc.
Eligibility
Minimum 3 years of experience in transport industry and other business, Fleet operator having existing fleet of minimum 10 vehicles or requirement of minimum 10 new vehicles or minimum loan amount Rs.50 Lakhs
Facility Term Loan
Assessment of limit
Borrower has to get min 50% score under scoring model
Security
Primary Security Hypothecation of the vehicles financed. Collateral Security Up to Rs. 1 Cr: No collateral security/TPG. Loans will be covered under CGTMSE. Above Rs 1 Cr: Min 20% tangible collateral including unencumbered vehicles in the existing fleet Personal Guarantee from the promoters/ Partners/Directors of the Unit will be mandatory. For proprietary concerns, third party guarantee is mandatory
Quantum of Finance
Minimum Rs. 50 lakhs, Maximum of Rs. 10 crores
SBI DOCTOR PLUS SCHEME
Purpose
Financing qualified medical practitioners, buying equipments, setting up Clinic/Nursing Home/Pathology Labs/ Drug Store etc. Financing expansion/renovation/modernization of existing premises.
Target Group
Medical Practitioners of allopathic discipline, promoters of allopathic hospitals and nursing homes, pathological clinics, polyclinics, X-ray labs, any activity of allopathic discipline
Eligibility
Individuals/Partnerships/Corporate/Trusts. Promoters should be registered practitioners and should possess minimum qualification to practice in allopathic discipline such as MBBS, BDS, etc
Quantum of Finance
In Metro/Urban/other centres For Corporate/Partnerships/Individuals: From Rs. 10 lakhs to Rs. 5 crores.
Margin 15%
Facility Term Loan
Security
Primary: Hypothecation/mortgage of the assets financed by the Bank No tangible collateral security for loan amounts upto Rs. 2 crores: to be covered under CGTMSE. 50% of CGTMSE fees will be borne by the borrower For loans above Rs. 2 crore and upto Rs. 5 crores: Minimum 25% tangible collateral security and Personal guarantee of promoters.
Repayment period
Maximum period of 7 years including moratorium period of maximum 12 months
SBI MEDICAL EQUIPMENT FINANCE SCHEME
This Scheme is launched for financing purchase of medical equipments and funding for ancillary equipments
Eligibility
Individuals, Partnerships, Corporate, Trust & Societies running diagnostic center, pathological lab, hospital, nursing home, etc and having tie-up with/employed qualified doctors Minimum 3 years of operations irrespective of constitution. Required approvals/registrations from the statutory/regulatory authority.
Target Group
• Nursing Homes • Diagnostic Centers & Pathology Laboratories • Eye and ENT Centers, specialty clients like skin, dental clinics, dialysis, endoscopy, IVF centers etc. • Medical Practitioners
Type of Facility
Term Loan
Quantum of Finance
Minimum: Above Rs. 10 lakhs Maximum Rs. 20 crores
Margin 15%
Security
Primary- Hypothecation of the assets financed Collateral: No tangible collateral security for loan amounts upto Rs. 2 crores covered under CGTMSE. 50% of CGTMSE fees will be borne by the borrower. For loans above Rs 2 crore and upto Rs. 20 crores: Minimum 25% tangible collateral and personal guarantee of promoters
Repayment period
3-7 years (including moratorium period of 6 months) Interest to be serviced on a monthly basis during the moratorium period
COTTON GINNING PLUS
This Scheme is launched to withstand the competition and retain our existing Cotton Ginning Mill units.
Eligibility Existing profit making units/New Units engaged in the activity
Purpose Financing working capital needs & acquisition of machinery/ factory building for modernization/ expansion, etc
Target Group Units engaged in Cotton Ginning mills
Type of Facility
Term Loan, Working Capital, Non-Fund based facilities, Cash Credit, LCs, BGs, SME Credit Plus
Quantum of Finance
Term Loan is based on project cost without any upper ceiling Working Capital: Need based limit
Assessment
Working capital up to 5 crores : Nayak Committee method minimum 20% of projected turnover Scoring Model applicable
Margin Term Loan: 25% Working Capital: Stock -25% Book debts- 40%
Security
Primary- Hypothecation/pledge over assets created from bank finance. Collateral: Loans up to Rs. 50 lakhs: CGTMSE For loans of Rs.50 lakhs – Rs.1 cr: CGTMSE only if the guarantee fee is borne by the borrower Loans without CGTMSE cover: Equitable mortgage of property /tangible security belonging to borrower / guarantor valued not less than 75% of the loan amount
Repayment period
Term Loan is repayable in 5 to 7 years excluding gestation period of maximum 12 months
e-VFS
(ELECTRONIC VENDOR FINANCING SCHEME)
A web based solution for financing receivables of recommended vendors of reputed Corporates/ Industry Majors (IMs). It provides instant credit to vendors account. This enables both the Industry Major and their vendor to achieve the objective of Just in Time (JIT) production. The vendors enjoy timely availability of funds. There are two variants under e-VFS. 1. Vendor Exposure: Financing will be made to the vendors against the supply of goods/services to reputed Corporates/IMs. The aggregate limits to the vendors are considered as notional limit to the respective IMs. 2. IM Exposure: Financing will be made to the reputed corporate/IMs for payment towards the supply received from their vendors.
Eligibility
Existing borrowers of Bank with continuously making profit for the last three years with minimum Turnover Size for IM: Rs. 500 Cr and above. External Rating: A and above / Internal Rating SB-7 and above (If SBI customer)
IMs total vendor base at least 50 Outstanding Sundry Creditors not to exceed three months purchase
Purpose To provide finance to vendors/suppliers of large Industry Majors
Type of Facility
Cash Credit (Clean)
Quantum of Finance
Aggregate limits(Notional Limit) on all vendors of IM
Margin NIL
Security NIL
Repayment period
Primarily IM will agree to pay each receivable on due date. In case IM fails to repay on due date, Bank will have recourse to vendor.
e-DFS
(ELECTRONIC DEALER FINANCING SCHEME)
The scheme provides for financing purchases of Dealers from Corporates/Industry Majors (IMs) with whom tie-up has been entered by SBI. It is based on the internet banking platform of the Bank and provides easy, convenient and hassle free banking facilities to all the stakeholders i.e., Bank, Company and Dealer by automatic remittance of funds It provides MIS to the branches and facilitates monitoring of end use of funds in the dealer accounts The Industry Major enjoys timely availability of funds. The dealer can make effective utilization on working capital funds. Both Industry Major and dealer can make use of improved cash flow forecasting.
Eligibility New /Existing dealers of Industry Majors with whom bank has a tie up
Purpose To provide finance to authorized Dealers/Stockist/ Distributors of large industry majors.
Quantum of Finance
Need based. Comfort Letter to be provided by the Industry Major
Margin NIL 100% invoice financing
Security Primary- 100% hypothecation of stocks financed and receivables Collateral : Minimum 25%
Credit Period
Credit period upto 90 days
m-DFS
(MORTGAGE DEALER FINANCE SCHEME)
This is a modified variant of e-DFS to address the needs of the dealers who are willing to avail the facility with the push model (Dealer Originated Payment Model), where the money will be remitted by the dealer to Industry Major (IM) for purchase of Inventory, and ready to offer adequate collateral security. Industry Major will not introduce the dealer through comfort letter and will not stop supply of goods to the dealer in case of non-payment of invoice on due date. m-DFS is under Dealer Originate Payment model (Push Model) wherein the dealer will remit the money to the pre-mapped account of the IM through only through CINB.
Eligibility All Authorised dealers (Tie-up not necessary)
Purpose
To provide hassle free finance to authorised
exclusive Dealers/stockiest/distributors/franchisee of IMs for purchase of Inventory who are willing to furnish Collateral Security of adequate value.
Facility Cash Credit
Quantum of Finance
Minimum : Rs.100.00 lakhs Maximum : Need based
Margin 10%
Security
Security Primary: 100% Hypothecation of stocks financed and receivables. Collateral Security: Minimum 75% Tangible Collateral Security in the form of Land & Building / Cash Collateral /Bank’s Approved securities Guarantee: Personal guarantee of the directors /
partners/ promoters to be obtained.
Credit Period
Maximum 90 Days
SME OPEN TERM LOAN (SME-OTL)
A Term Loan in which the units get comfort of preapproved sanction to plan their capital and other business development expenditure and then avail of the disbursement as required within 12 months from the date of sanction.
Eligibility Existing customers having satisfactory track record for 5 years. CRA rating of SB 8 & above, or ECR of BB & above
Target Group
All units under Manufacturing sector and Under Service sector: Healthcare Industry like Hospitals, Doctors etc and Hospitality Industry e.g., Hotels, Restaurants, etc, and Transport Operators with minimum 25 vehicles.
Purpose Any genuine/legitimate commercial purposes in line with regular business activity of the customer including expansion, modernization R&D etc.
Quantum of Finance
Both manufacturing and service enterprises: 20% of the total limit sanctioned with a max of Rs. 5 crores. For business development expenditure max Rs. 2 crores.
Facility Pre Approved Term Loan with option of multiple disbursements for multiple purposes
Security
Primary: Hypothecation / pledge of the assets created from Term Loan. Collateral: Extension of charge over existing collateral and additional tangible security. Personal guarantees of proprietors/ partners/promoters to be invariably obtained.
Margin 25%
Repayment Period
Maximum 5 years can be extended to 7 years on selective basis
SIMPLIFIED SMALL BUSINESS LOAN (SSBL)
Target Group All Business units engaged in manufacturing, services activities along with self-employed and professional individuals, wholesale/retail trade.
Purpose General purpose loan for business such as for build-up of current assets and fixed assets needed for business purpose
Eligibility
Existing business for at least 5 years/CA holder at any bank for at least 2 years n the same location (5 Km Radius). Should be owner of the premises or having valid tenant agreement with a residual period of minimum 5 years. Minimum average monthly balance of more than Rs. 1 lakh in last 12 months.
Quantum of Finance
10 times of average monthly balance in current account in previous 12 months subject to: • Minimum: Above Rs. 10 lakhs • Maximum: Less than Rs. 25 lakhs.
Facility Fund Based Drop-line Overdraft facility
Security
Primary: First exclusive charge on current assets of the unit Collateral: Minimum 40% of the sanctioned limit, in the form of exclusive mortgage charge on Land and building/ liquid securities Personal Guarantee
of the owner of the Collateral Security offered for Mortgage/Pledge and that of Promoter Directors / Partners
Margin 10%
Repayment
Limits can be sanctioned for period ranging from 12 months to 60 months (reducing DP) including moratorium of maximum three month.
COMMODITY BACKED WAREHOUSE RECEIPT
FINANCING (WHR)
This is a scheme for financing traders against goods or commodities like agriculture produces or metals, stored in warehouses. Such goods or commodities are readily tradable.
Purpose To finance traders/owners of goods against warehouse receipts of warehouses managed by MCX/NBHC and CWC/SWC
Target Group Any one dealing in commodities.
Quantum of Finance
Demand Loan: 75 % of the value of the warehouse receipt (WHR), valued at the market value or 80% of the minimum support price (MSP) declared by State/Central Govt, whichever is lower Cash Credit: 70 % of the value of the WHR,
valued at the market value or 75% of the MSP declared by State/Central Government, whichever is lower
Facility Demand Loan Cash Credit(Rs. 1 Crore and above)
Margin
Demand Loan: 25% (min) of the value of the WHR, valued at the market value or 20% (min) of the MSP declared by State/Central Govt, whichever is higher Cash Credit: 30% (min) of the value of the WHR, valued at the market value or 25% (min) of the MSP declared by State/Central Govt, whichever is higher
Security
Primary Security: Charge over warehouse receipt with lien marked in favour of the bank Collateral Security: Personal guarantee of partners/ directors.
Repayment period
Demand Loan: as and when the produce is sold not exceeding 12 months. Cash Credit: Repayable on demand.
ARTHIAS PLUS SCHEME
Scheme is launched to meet the Working Capital requirements of Commission Agents/Arthias engaged in trading activity.
Target Group Commission Agents/ Arthias engaged in Retail Trade
Eligibility
Good reputation and experience for the past 3 years. They should be registered with the Market Committee and possess a valid license issued by the Authorized government agencies
Quantum of Finance
Minimum: Above Rs. 10 lakhs Maximum: Rs. 200 Lakhs
Facility Cash Credit
Period of Loan
One Year. To be renewed annually as per norms
Margin Stocks: 30% Receivables (Not older than 6 months): 40%
Security
Primary Security: Hypothecation of stocks and receivables and other current assets. Collateral Security: Enhancement in existing accounts/ New Connections/ Takeover: 200% of advance value. Collateral security should be tangible (Non-agricultural property) belonging to the borrower or guarantor. It should be Equitable/Registered mortgage of non-encumbered residential/commercial or industrial property in the name and possession of the mortgagor and SARFAESI complaint. Third party collateral securities from close relatives are acceptable.
SBI FCNR(B) LOANS
Foreign currency loans against FCNR (B) deposits can be sanctioned for Working Capital and Term Loan requirements of resident customers for productive activities at designated Branches. High priority to be given to Exporters, manufacturers and infrastructure projects. Such loans cannot be given for personal purpose and acquisition of consumer durables.
Eligibility Existing borrowers of manufacturing and trading units with External Credit Rating as
BB+, BB and above.
Amount of Each Loan
Minimum 50000 USD or equivalent in other currencies and in multiples of USD or EURO 10,000 and YEN 1000000 thereafter. No restriction on number of Loans but total amount should be within sanctioned limits.
Designated Currencies
USD, GBP, EURO and YEN
Facility Demand Loan FCNRB(DL) Term Loan FCNRB(TL)
Period Demand Loan max 12 Months Term Loan 1 to 5 years subject to Fund Angle Clearance of 3 years by GMU-K
Repayment
Can be fixed at monthly/quarterly/Half yearly intervals as per cash flows. Loan to be repaid through sale of foreign currency, adjustment of advance/inward remittance, export proceeds and other Forex inflows.
LEASE RENTAL DISCOUNTING (LRD) SCHEME
Lease Rental Discounting (LRD) Scheme has been introduced during 2014 as an extension of the existing Rent Plus Scheme to cater to the requirements of large borrowers.
Purpose To meet borrower’s liquidity mismatch. Not to be used for any speculative purposes. A certificate regarding the end use required.
Target Group
Owners of residential buildings and commercial properties, which are to be rented or already rented to MNCs / Banks/ Large & Medium size Corporates / Government Offices (both Central and State)/reputed Public bodies such as Municipal Corporations etc.
Quantum of Finance
NBG Branches Min Rs.10 Lakhs. Max Rs.50 cr. MCG Branches Above Rs.50.00 crores. Max Rs.500 cr.
Tenor of Loan
Maximum 12 years or residual lease period (not less than 2 years) considered for assessment of the loan, whichever is less.
Facility Term Loan
Security
Primary Security: i. Assignment of rent receivables. Collateral Security: Equitable Mortgage on building against the rentals of which the loan would be sanctioned or any other acceptable property of similar value. The realizable value of property to be mortgaged should be at least 143% of the loan amount.
STAND BY LINE OF CREDIT (SLC)
To meet borrower’s request for short period drawings over and above the sanctioned limits, in order to overcome problems faced due to factors such as bunching of orders, delays in realization/shipment, mismatches in cash flow, etc. For CRA rated borrowers, branches may extend stand by line of credit to meet genuine contingency needs of exporters and MSE units.
Eligibility
All borrowers including non Corporate under CAG/MCG/SME segments with CRA rating of SB-10 & above and above ECR of ‘D’ (total exposure of Rs. 10 crores and above) by the external rating agencies.
Target Group SSI and C&I customers for their domestic operations as well as for exports.
Quantum of Finance
15% of the working capital facilities (Fund Based + Non Fund Based) Maximum Rs.20 cr.
Tenor of
Loan
For a maximum period of 3 months extendable upto another 3 months at any one instance. No
restriction as to the number of occasions SLC can be made available in a calendar year.
Facility Fund Based and/or Non Fund Based Limits ensuring that aggregate exposure does not exceed the overall SLC limit.
Sanction
Sanction of the SLC limits should be obtained along with sanction of regular fund/ non fund working capital finance for all eligible borrowers who will specifically request for the facility.
GENETRAL PURPOSE TERM LOAN FOR SSI
Loan under this facility can be sanctioned for any general commercial purpose such as shoring up of networking capital, capital expenditure, substitution of high cost debt, research and development expenditure, quality upgradation to ISO standards, etc.
Eligibility
The customers should be of high standing and integrity. Existing SSI borrowers presently enjoying fund based limits of Rs.25 lakhs and above having CRA rating of SB 7 and above. Should have Pre tax profits in each of the immediately preceding 3 years and a proven record for timely payment of interest/ installments.
Target Group Existing SSI borrowers
Quantum of Finance
Maximum Rs. 50 Lakhs
Tenor of Loan
The loan is repayable in monthly/quarterly
installments (as per normal cash generation cycle and repayment capacity) over a period of 3 years. The repayment period may be extended in deserving cases upto 5 years.
Facility Term Loan
Security
Extension of charge on, both primary as well as collateral securities, Additional tangible security such as immovable property, bank deposits, etc. Personal guarantees of proprietors/partners /promoters and Personal guarantees of family members of proprietor/partners/ promoters.
e -Trade SBI
e-Trade SBI is a Front end highly secure interface available to
customer through internet. It Supports global locations for doing
transactions and gives flexibility to do the transaction from any corner
of the world any time.
The customer can request the following transactions online by logging
on to https://etradesbi.onlinesbi.com
• Issue Letters of Credit and to handle related bill transactions
• Issue Bank Guarantees
• Advise you the Letters of Credit received from others
• Lodge Export Collection Bills
• Enquire the status of Trade Finance transactions
• Request for Negotiation of Bills and track your Negotiated
Bills.
• Request for Advance against Export Bills on Collection
• Lodge of Bills where Full Advance Payment has been
received.
• Manage your entire procurement from your vendor.
Benefits to the customer:
• Customized Reports of Transactions, No need for maintaining
separate MIS at company level.
• Company saves the time of the employees.
• Decreased transaction time
• increases the satisfaction of the Company’s customers.
• Lower Transaction cost on account of minimum manual intervention.
Concessions: A flat concession of Rs. 50 per transaction on commission subject to a maximum of 10% at the normal commission in respect of forex related Transactions conducted through eTradeSBI.
SME POWER PACK Current Account is ideal for Elite Businessmen,
Top Professionals, Large Traders etc. operating across the country
handling bulk cash transactions and processing Large number of
payments & collection transactions. SME POWER PACK is a value
added Current Account with a Monthly Average Balance of Rs. 5
lakhs where the customer can enjoy variety of freebies and
concessions.
At account maintaining branch
Cash Deposit Free Upto Rs 60 Lakh Per Month
NEFT and RTGS Free
Drafts/Banker's
cheques: Free
Deposit of cash at Non
Home Branch Free (Maximum 2 Lakhs per day )
Corporate Internet
Banking Free
Cheque Book Issue Free 1000 Multi City cheque leaves per month.
Outstation Cheque Collection
25% of normal charges
Standing Instruction Free
Pre Approved Car Loan Free for Promoters
Monthly/Duplicate
Statement Free
Insta Deposit Card Free
Premium Business
Debit Card Free (for first year) with withdrawal limit of Rs 2,00,000 per Day
SME POWER PACK CURRENT ACCOUNT
SME POWER GAIN Current Account is ideal for Premium
Businessmen, Professionals and Traders etc. looking to expand and
diversify their operations and handling bulk cash transactions. SME
POWER GAIN is a value added Current Account with a Monthly
Average Balance of Rs. 2 lakhs where the customer can enjoy variety
of freebies and concessions And reduce their transaction costs
significantly.
At account maintaining branch
Cash Deposit Free upto Rs. 15 lakhs per month
NEFT and RTGS Free
Deposit of cash at Non
Home Branch Free (Maximum 2 Lakhs per day )
Corporate Internet
Banking Free
Cheque Book Issue Free 200 Multi City cheque leaves per month.
Monthly/Duplicate
Statement Free
Outstation Cheque
Collection 50% of normal charges
Standing Instruction Free
Monthly/Duplicate
Statement Free
Pride Business Debit
Card Free (for first year) with withdrawal limit of Rs 1,00,000 per Day
SME POWER GAIN CURRENT ACCOUNT
CASH PICK UP FACILITY
Facility Cash could be picked up at the customer’s door by the bank’s empanelled service provider for deposit in the branch.
Security
Host of security features from identity of the cash picker, the bag and its sealing, transit insurance to intact delivery at the branch for deposit are ensured.
Facility Cash could be picked up at the customer's door by the bank's empanelled service provider for deposit in the branch.
Mode of transport
Based on the amount of cash pick up, 2 wheeler/ 3 wheeler/4 wheeler is used.
Type of Pick up
Cash pick up could be arranged both on monthly basis and call basis.
MIS It is available for single as well as multi location deposit of cash
Mid day credit
Cash deposited upto prearranged time could be subsequently credited in the account on the same day.
This Card has been specially designed for SME customers to deposit
cash to the CC/ Current accounts, keeping in mind business
requirements. The Card helps you deposit cash 24*7 365 days in a
year in CDM/Recycler. Card is issued Free of cost.
Eligibility
SME Insta Deposit Card enables SME customers to deposit cash to their CA / CC account(s) through CDM/Recycler/GCC. One card can be linked to three accounts under the same CIF and will contain name of the SME Customer.
Nature of use
Card can be used for deposit of Cash, Balance Enquiry, Mini Statement of the account and PIN Change.
Deposit limit
Cash can be deposited by the way of currency notes only. Maximum amount of currency notes deposited can be upto 200 pieces with the maximum limit of Rs.49900/- per transaction. At Green Channel Counter, no limit on the number of pieces of currency notes subject to maximum of Rs.40000/-
SME INSTA DEPOSIT CARD
Point of Sale terminals enable safe and hassle-free card payments
Features
• PSTN/GPRS Network • Additional Convenience Point to the card
holder • No additional/ hidden charges • Loyalty Rewards for Customers
• No cash handling by merchants and branches
Types of
Terminals
• PSTN - Gets connectivity through Land Line • Desktop GPRS - Gets connectivity through
the secure GPRS SIMs provided by Bank. • Terminals get power from the normal
electricity supply. • Portable GPRS - Gets connectivity through
the secure GPRS SIMs provided by Bank. Terminals get power from the inbuilt battery.
Cash@PoS (Chhota ATM)
It enables the cardholder to avail cash withdrawal facility in addition to purchase of goods at their nearby merchant shop having SBI PoS using their debit cards up to a limit of Rs. 1000/- per card per day for Metro and Urban centres and Rs. 2000/- per card per day for Semi-urban and Rural centers.
POINT OF SALES (PoS)
CORPORATE INTERNET BANKING (CINB)
Corporate Internet Banking (CINB) is the online channel which
facilitates Corporate Customers such as firms, companies, trusts,
partnerships, proprietorship concerns etc. to carry out banking
activities anywhere and anytime. Any Corporate maintaining account
with any branch of State Bank of India can avail CINB. We can access
CINB site by visiting online banking site of SBI at corp.onlinesbi.com.
The Transactional multi user products available under CINB are VYAPAR and VISTAR. Following facilities/ types of transactions are enabled online. 1. Fund transfer to own accounts or within other SBI accounts. 2. Fund transfer to beneficiary accounts in other banks through
RTGS/NEFT 3. Request for draft issue 4. Payment to registered suppliers 5. Various tax payments ( Direct, Indirect and State) 6. Facility to schedule transactions 7. Top up of Pre paid cards 8. View and download of DEMAT holding statement 9. MIS / reverse file facility (Reports generation) 10. Bulk upload facility for payments of salary, tax, pre-paid cards
top up, bills, remittances to intra and interbank beneficiaries etc.
11. E-collection facility 12. Direct debit facility ( pull mode) 13. Electronic Dealer and Vendor Finance 14. IPO subscription facility through ASBA 15. Facility for online trading of 'Currency Futures' 16. Facility for online payment of EPF subscription
STATE BANK COLLECT
'State Bank Collect' facilitates Corporate Internet Banking (CINB) customers to receive online payments from receivers of their goods & services. CINB customers need not maintain a website. Payer of the Corporate has to just click on 'State Bank Collect' and choose the
Corporate for which payment has to be made, fill up particulars of goods/services towards which payment has to be made and make the payment through one of the several options displayed to him on a Multiple Option Payment System (MOPS) page. The corporate customer will get MIS Report of the account.
Mode of payment options available
• SBI Internet Banking • Other Banks' Internet Banking • SBI ATM cum Debit Card • Other Banks' ATM cum Debit Card • All Banks' Credit card • Off-line Collection at SBI Branch through SBI
Cheque/cash • UPI/ NEFT/ RTGS • For more details, visit:
www.onlinesbi.com
How to avail this facility
The Corporate customers desirous of availing the 'State Bank Collect' facility should be registered for CINB with Khata plus/Vyapaar/ Vistaar facility. In post-login, the CINB administrator has to go to State Bank Collect page and configure page for State Bank Collect for their Corporate/Institution which will be subsequently approved by the Bank.
Safety
instructions
Do not share your User ID/Password, Profile
Password, One Time Password (OTP) sent through SMS, etc., to anyone or leave any such information anywhere.
e-Z Card (Pre Paid Card)
The State Bank eZ-Pay Card, a Reloadable, Prepaid Card issued in INR is an ideal product for making payment of salaries & other periodical payments to employees. Cards can be loaded from a single point and the funds are available to the employees immediately
Minimum/ Maximum
Rs. 500 and thereafter in multiples of Re. 1/-, however the balance in the Card should not exceed Rs. 50,000/- at any point of time.
Usage
State Bank e Z-Pay Card is usable at all State Bank ATMs, at VISA enabled Merchant Establishments at PoS and for Online Payments.
Balance enquiry
Cardholder can view from any State Bank ATM in India free of cost and also online at https://prepaid.onlinesbi.com
Validity of Card 10 years from the date of issue.
Daily Transaction Limit
From State Bank ATMs: Rs.100/-,Rs.40,000/-
& From PoS Transaction limit: Rs. 50,000/-
Personalized Cards
The Card can also be personalized, upon request by the Corporates for Bulk Issue.
Documents Required
Individuals: full KYC documents required.
Corporates: Cards can be issued to employees/
beneficiaries of listed company only.
Corporates have to submit KYC documents of
beneficiaries before loading/activating the
Cards for use.
We Care For You
For all your queries please visit our website:
https://sbiforsme.bank.sbi/
or call us at:
Contact Centre Numbers : 1800-11-2211; 1800-425-3800
080-26599990
For SME Business related queries, please send e-mail to us:
1. For Punjab State and UT Chandigarh
2. For Haryana State
3. For Himachal Pradesh
4. For J & K
Disclaimer: We have taken due care to provide you with accurate information
however there may be some errors or omissions, we request valuable feedback
from the users for further enrichment of the booklet to bring an improved
version thereafter.
