SME Finance for Chartered Accountants under
CLP By SBI
Salary to employees/ Overheads/ Expenses pertaining to office.
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: email@example.com