SBI SME Collateral Free Loan-
- Borrowers eligible under the scheme will be covered under CGTMSE guarantee scheme.
- No collateral required.
- Max Loan amount up to Rs 1 crore.
- Repayment period- Max 7 years including moratorium period.
SME Smart Score
- Available to small and medium enterprise units engaged in manufacturing, trade or services.
- For manufacturing units the maximum loan amount is Rs 50lakhs and for trade and services units the total limit is up to Rs 25lakhs.
- Repayment period 5 years excluding moratorium not exceeding 6 months
- The interest rate is floating rate of interest and is linked to base rate.
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