SME Finance for Chartered Accountants under
CLP By SBI
| Parameter | Description |
|---|---|
| Purpose | Overdraft: Salary to employees/ Overheads/ Expenses pertaining to office. Term Loan: Purchase of Office Equipment, Computers, Fixtures Fixed assets/ Renovating office premises. For Construction of office premises on self-owned land/firm land/Promoter’s land. For acquisition of ready built new office premises on ownership basis. |
| Eligibility | Minimum Age: 25 Years, Maximum Age: 65 years CA must have Certificate of Membership (CoM)/ Certificate of Practice (CoP) issued by ICAI. CoM/ CoP should be at least 5 years old. ITR for past 3 years should be available. The applicant must secure a minimum score of 50% as per score card under the scheme. Applicant must be registered as MSME in UDYAM portal |
| Loan amount | Overdraft: Min: Rs. 2 Lakhs; Max. Rs.25 Lakhs. Term Loan: Min. Rs.2 Lakhs; Max: (i) Metros: Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bengaluru: Rs. 100 Lakhs (ii) Other Centres: Max. Rs.75 Lakhs. (State Capital/ Urban Centres) |
| Assessment | Overdraft: 25% of Gross Receipts of the Firm/ CA (Max. Rs.25 Lakhs.) Term Loan: 75% of the project cost. |
| Interest Rate | Overdraft : EBLR +2.50% ( Present Effective rate is 9.15%) Term Loan : EBLR + 2.00 % ( Present Effective rate 8.65%) |
| Primary Security | Overdraft: Nil. Term Loan: Assets created out of bank finance. |
| Collateral Security | Overdraft: Nil. Term Loan: Loan to be covered under CGTMSE |
| Personal Guarantee | Applicable. Personal guarantee of promoter (s) to be taken |
| Repayment Period | Overdraft: On demand. Term Loan: Repayable in 60 EMIs. (With maximum moratorium of 12 months). |
| Processing Fee | Up to Rs. 10 lacs: Rs. 500 plus applicable taxes Above Rs. 10 lacs: Rs. 1000 plus applicable taxes |
For availing loans, please visit at : https://www.sbiloansin59minutes.com
For any bank/loan related query, please connect with
Mr. Brijesh Mishra, OnlinePSB Loans Limited,
Mobile Number: 7490945578, Landline: 07941055900, Email: brijesh.mishra@onlinepsbloans.com