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Home / SME Finance
 
SME Finance Products
 
Sulabh Vyapar Loan
Dealer Finance
Funding under CGFMSE
Direct Credit Scheme – SIDBI
Preferred customer scheme – IDBI Bank / SIDBI
Vendor financing (Pre – Sale)
Vendor financing (Post – Sale)
Lending Against the Security of Future Credit Card Receivables
Working Capital Financing – Software Development Entities
Finance to Medical Practitioners
Loan to SRWTO
SME Hosiery Special Current Account
 
Sulabh Vyapar Loan
 
Eligible Segments

Traders and Service Sector

Facility Fund Based :Overdraft, Cash Credit, Term loan, Bills Discounting Non Fund Based: Bank Guarantee and Letter of credit
Loan Amount Minimum: Rs.5 lacs and Maximum: Rs 500 lacs.
Tenor TL: upto to 5 years.
Pricing Max: BPLR        Min: 1.25% below BPLR
Security
  • Hypothecation of stock & Book debts and asset financed by bank.
  • Personal Guarantee of the borrower.
  • Collateral security upto 110% of the loan amount
    • Processing charges Upto 1% on the loan amount.
     
    Dealer Finance
     
    Eligible Segments Distribution chain partners comprising dealers, stockists, distributors, etc.
    Facility Overdraft, Cash Credit, Term loan, Other working capital facilities
    Purpose
  • OD/ CC: Working capital/ Meeting temporary mismatch of funds.
  • TL: Acquisition of fixed assets, renovation of premises, retiring of high cost debt, etc.
  • Other working capital facilities on case to case basis.
    • Loan Amount Minimum: Rs.10 lacs and Maximum: Rs 500 lacs.
    Tenor One year to 3 years.
    Pricing Linked to BPLR
    Security
  • Exclusive charge on all assets of the borrower.
  • Personal Guarantee of the borrower.
  • Collateral security as deemed necessary.
    • Processing charges Upto 1% on the loan amount.
     
    FUNDING UNDER Credit Guarantee Fund Scheme for Micro and Small Enterprises (CGFMSE)
     
    Eligible Segments Should be a Micro and Small Enterprise (manufacturing / services) as defined under MSMED Act 2006.
    Purpose Working Capital & Term Finance for capex / takeover of existing loans
    Loan Amount
  • Minimum: No minimum amount
  • Maximum: Rs. 100 lakh.
    		•
    Tenor As per the facilities requested.
    Pricing
  • Annual Service Fee and One time Guarantee Fee as specified by Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE).
  • Interest rate linked to BPLR.
    • Security
  • Guarantee cover from CGTMSE to the extent applicable on a case-to-case basis but not exceeding Rs.37.50 lakh.
  • Exclusive charge on current and fixed assets purchased out of Bank’s finance.
  • Personal guarantee of the borrower.
  • No collateral/ 3rd party guarantee will be taken.
    • Processing charges Upto 1% of the loan amount.
     
    DIRECT CREDIT SCHEME with SIDBI
     
    Eligible Segments All entities in the SME segment as covered under MSMED Act 2006.
    Purpose Working Capital & Term Finance capex / takeover of existing loans.
    Loan Amount
  • Minimum Rs.10 Lacs.
  • Maximum Rs.20 Crore.
    • Tenor Depending upon the nature of facilities.
    Pricing Linked to BPLR
    Security
  • Charge on fixed and current assets.
  • PG of the proprietor / partners/ promoter directors.
    • Processing charges Upto 1% of the loan amount. Service tax as applicable.
     
    PREFERRED CUSTOMER SCHEME – IDBI Bank / SIDBI
     
    Eligible Segments All entities in the SME segment as covered under MSMED Act 2006 having satisfactory relationship with either IDBI Bank or SIDBI.
    Facility General-purpose overdraft / short-term loan limit to be utilized as desired by the client
    Purpose
  • Non project specific expenses like adding / replacement of machinery, balancing equipment, renovation / additions to factory building, jigs / fixtures, computer hardware / software, WC margin needs, marketing related expenses, setting up franchise, brand building, execution of bulk orders, deposits for contracts, temporary shortage of Working Capital, etc.
  • Initial investments in new projects where full projects/ scheme has not been crystallized could also be covered under the scheme e.g. buying new industrial land or shed for expansion, etc.
  • Expenditure incurred 3 months before issue of offer letter by the Bank could also be considered.
    • Loan Amount
  • Upto Rs.200 lacs for customers of IDBI Bank.
  • Upto Rs.100 lacs for customers of SIDBI.
    		•
    Tenor
  • Overdraft - 12 months.
  • Short Term Loan – 12 months with equal repayment & no moratorium.
    • Pricing Linked to BPLR
    Security Extension of existing security and Personal Guarantee.
    Processing charges

    Upto 1.00% of loan amount. Service tax extra
     
    VENDOR FINANCING PROGRAM
     
      Pre-Sale Funding Post-Sale Funding
    Target Segments Micro, Small and Medium Enterprises as per definition given in MSMED Act 2006 Micro, Small and Medium Enterprises as per definition given in MSMED Act 2006
    Nature of Loan Overdraft / CC and NFB – LC for purchase of material

    Bill Discounting / Financing against Invoices.
    Eligibility Criteria Vendors of existing corporate relationships of IDBI Bank. Vendors of existing corporate relationships of IDBI Bank.
    Purpose Fund the manufacturing cycle Fund the receivable cycle
    Tenor One year 180 Days Max.
    Repayment Schedule From Bill / Invoice Discounting By OEM on due date.
    Pricing From Bill / Invoice Discounting
    Processing fees Upto 1% of Loan Sanctioned Upto 1% of Loan Sanctioned
    Primary
  • Pari Passu Charge on current assets.
  • Second/Subservient Charge on current assets on case-to-case basis.
    		• Accepted Bill / invoice by the authorised officials of OEM.
    Collateral
  • Second charge on the fixed assets of the vendor on reciprocal basis with the term lenders.
  • Personal Guarantee of directors / partners / sole proprietor.
    		• Personal Guarantee of directors / partners / sole proprietor.
     
    LENDING AGAINST THE SECURITY OF FUTURE CREDIT CARD RECEIVABLES
     
    Eligible Segments
  • Reputed restaurants
  • Hotels / motels
  • Large petrol pumps
  • Hospitals
  • IATA approved travel agents
  • Tour operators
    • Facility Overdraft, Term loan given to retail merchant establishments that accept credit / debit cards.
    Purpose
  • OD: Temporary mismatch of funds.
  • TL: Acquisition of fixed assets, renovation of premises, retiring of high cost debt, etc.
    • Loan Amount
  • Minimum Rs.50 lacs.
  • Maximum Rs 500 lacs.
    		•
    Tenor
  • OD - Upto 1 year.
  • TL - Upto 3 years.
    • Processing charges

    Upto 1% of loan amount + service charges as applicable.
    Pricing Linked to BPLR
    Security
  • Hypothecation of future card receivables.
  • In addition, Bank may require charge on other current assets / fixed assets for appropriate value depending upon case-to-case basis.
  • Personal Guarantee of the borrower.
    •  
    WORKING CAPITAL FINANCING – IT & ITES ENTITIES
     
    Eligible Segments Micro, Small and Medium Enterprises as per definition given in MSMED Act 2006 The entity must be engaged in export of software / software services to acceptable countries.
    Facility
  • Overdraft-limit.
  • Loan Equivalent Ratio (LER) for Booking of Forward Contracts against underlying transactions.
    • Purpose Working capital finance.
    Loan Amount

    Minimum Rs.25 lacs and Maximum Rs. 200 lacs.
    Tenor 12 months.
    Pricing Linked to BPLR.
    Processing charges

    Upto 1.00% of loan amount.
    Security
  • Hypothecation of entire current assets.
  • Hypothecation of the company’s equipments like servers, routers,work stations etc.
  • Personal Guarantee of Proprietor / Partner / Directors of the company
    •  
    FINANCE TO MEDICAL PRACTITIONERS
     
    Eligible Segments

    Promoters should have minimum MBBS/ BAMS/ BDS/ BHMS.
    Facility Term loan, Working capital.
    Purpose The scheme is exclusively for financing to Doctors/ medical practitioners to undertake all activities related to medical profession.
    Loan Amount
  • Minimum: Rs.50, 000/-
  • Maximum: Rs. 2 crores
    		•
    Tenor
  • Not exceeding 7 years.
  • No prepayment penalty for loan upto Rs. 5 lakh.
    • Pricing Linked to BPLR.
    Processing charges Processing fee upto 1 % will be charged with a minimum of Rs.500.
    Security
  • Term Loan: Exclusive Charge on assets financed and to be registered with RoC in case of limited companies.
  • Working Capital: Exclusive charge on all the current assets.
  • Personal guarantee of the promoter directors (in case of limited companies).
    • Margin
  • Term Loan:

    a. 25% for New Assets

    b. 35% for Old Assets

  • Overdraft:

    a. 25% on Stock

    b. 40% on Book debts.

    		•
     
    LOANS TO SMALL ROAD AND WATER TRANSPORT OPERATORS (SRWTOs)
     
    Facility
  • Term loan
  • Cash Credit / OverDraft
  • Bank Guarantee
    • Eligible Segments
  • All SRWTOs
  • All goods / passenger transport vehicles including light Commercial vehicles, auto-rickshaws, taxi-cars, motor-buses and lorries are eligible. Small refrigerated vans, bulk carriers for carrying petroleum / edible oil.
  • Water transport units such as small boats, launches, etc. are also covered.
    		•
    Purpose
  • New Asset Finance.
  • Working Capital.
  • Takeover of existing loans.
    		•
    Loan Amount
  • Min. Rs.25,000.
  • Max. Rs.2 crore.
    		•
    Tenor
  • OD / CC / BG – Not exceeding 1 year.
  • TL for new asset finance – Not exceeding 5 years.
  • Prepayment, if any, may be allowed without any prepayment penalty.
    • Pricing Linked to BPLR.
    Processing charges

    0.50 % p. a. of loan amount.

    Security
  • Exclusive Charge on assets financed and to be registered with RTO and RoC as applicable.
  • Personal guarantees of the promoter directors in case of limited companies
  • 3rd party guarantees
    • Margin Depending upon the nature of facilities.
     
    SME HOSIERY SPECIAL CURRENT ACCOUNT
     
    The product is to meet the specific requirements of the SME sector especially the Textile Hosiery units across the country.

    Here is a list of other services that we offer on your current account:
    Free-Services
     
    Free PO.
    DD - Free on RBI centers and free up to Rs. 5 lacs per day on non-RBI centres.
    BOI DDs – Free upto Rs. 7 lacs per month.
    Free Cheque pick up
    Free phone-banking facility.
    Outstation cheque collection on Bank’s branches – Rs. 50 lacs per month free
    Free Cash pick up–on Monthly Average Balance of Rs. 1 lac (for one location and one per day)
    Multi-city and multi-branch banking
      Our vast networks allow you to access your account, deposit cash, and cheques and withdraw cash from any of our branches across cities.
    Electronic funds transfers
      Our electronic funds transfer allows you to transfer funds electronically instantly.
    National clearing
      Our national clearing avails you faster and efficient cheque collection over 15 cities.
    Other Basic features
     
    Average Quarterly Balance: Rs. 1,00,000
    Home Branch cash deposit limit would be Rs. 8 lakh per month.
    EFT / PAP – Rs. 60 lacs p.m. on RBI centres and Rs. 40 lacs on non – RBI centres
    Schedule of charges will be as per existing Bronze Plus with modification to account for the above free limits.
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