SBI SME Smart Score Bank Loan For C&I, SSI, SBF

SME Smart Score Bank Loan product can be given to units in C&I, SSI and SBF segments for credit requirements between Rs. 5 lacs to Rs. 50 lacs (Rs. 25 lacs for T&S) based on the projected turnover and / or project cost. The loan quantum should be a minimum of 20% of turnover and/or, 67% of project cost. Before applying SME Smart Score Scheme, you are advised to download attached application form, Annexures and Scoring methods to assess yourself. The scoring method is self explanatory and find your score more or less same as to what bank do hence applicant can avoid unnecessary delays for sanctioning the loan. Read carefully every page and try to answer all the questions.

Bank Loan - SBI SME Smart Score

Highlights of SBI SME Smart Score

SBI SME Smart Score Bank Loan product is designed to avoid delays in credit delivery due to cumbersome assessment processes. A simple scoring model has been designed for which all the data required has to be furnished at one go by way of an application form which has also been specially designed for this product. 

Units which score a minimum of 60% are eligible for this product. SME Smart Score Bank Loan product can be given to units in C&I, SSI and SBF segments for credit requirements between Rs. 5 lacs to Rs. 50 lacs (Rs. 25 lacs for T&S) based on the projected turnover and / or project cost.

The loan quantum should be a minimum of 20% of turnover and/or, 67% of project cost. If a proposal does not fit into this model, it can also be considered on usual Bank's terms on merits.

Target Group of SBI SME Smart Score Bank Loan

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. The promoter / chief executive should be below 66 years of age and must obtain a minimum score of 60% with a minimum of 50% under each sub-head of Business and Personal details and a minimum of 10% under collateral details.

Eligibility for SME Smart Score

  1. The chief promoter / chief executive should be below 66 years of age
  2. The applicant must obtain a minimum score of 60% with a minimum of 50% under each sub-head of Business and Personal details and a minimum of 10% under collateral details.

Purpose of SME Smart Score

SME Units that needs Working Capital as well as acquisition of fixed assets like machineries and buildings can find this bank loan product best suitable.

Type of facilities

Loan amount shall be used as Cash Credit / Term Loan

Quantum of Finance of SME Smart Score

  1. For SSI Units: Rs. 5 lacs to below Rs. 50 lacs; 20% of annual turnover for WC loan and 67% of project cost for TL
  2. Trade and Services: Rs. 5 lacs to Rs. 25 lacs; 15% of annual turnover for WC and 67% of project cost for TL.

Margin for SME Smart Score Loan

25% for working capital component and 33% for TL component.

Rate of Interest for SME Smart Score Loan

Special rates of interest are charged for facilities granted under SME Smart Score. These are furnished in the circulars issued from time to time for interest rates applicable to SIB segment.

Security For SME Smart Score Loan

  • Primary: Hypothecation of stocks and assets financed by Bank
  • Collateral: As per Bank's extant norms for WC and TLs

Processing fees

As applicable to SSI /SBF / C&I  units

Repayment of SME Smart Score Loan

  1. WC loan to be reviewed annually and renewed once in two years.
  2. TL not more than 5years excluding moratorium not exceeding 6months.

Documentation for SME Smart Score Loan

As per simplified SME documentation

Special features of SME Smart Score Loan

  1. A simplified appraisal model (enclosed) has been developed to standardise the appraisal process.
  2. A special  application form has been designed to capture all the required information at one instance.
  3. Arriving quantum of loan for units engaged in trade for working capital purposes:
    • While SSI units qualify for a limit of 20% of their projected annual turnover (Nayak Committee norms), the trading units may be extended a working capital limit of 15 % of their projected annual turnover  subject to a maximum of 25% increase in the projections over the turnover of the previous year.

The SME Smart Score is available ONLY if the answers to all the following questions are "Yes"

  1. Whether the chief promoter / Chief executive is below 66 years of age?
  2. Whether none of the promoters has defaulted in payment of loans / guarantee to the lender/s?
  3. Whether all the clearances including but not limited to environmental clearance for the project has been obtained / satisfactory evidence of their being made available will be provided?
  4. Whether the borrower(s) belong to the area or their antecedents could be verified with satisfaction?

Before applying SME Smart Score Scheme, you are advised to download attached application form, Annexures and Scoring methods to assess yourself.

The scoring method is self explanatory and find your score more or less same as to what bank do hence applicant can avoid unnecessary delays for sanctioning the loan. read carefully every page and try to answer all the questions.

How to arrive at the quantum of loan for units engaged in trade for working capital purposes?

While SSI units qualify for a limit of 20% of their projected annual turnover (Nayak Committee norms), the trading units may be extended a working capital limit of 15 % of their projected annual turnover subject to a maximum of 25% increase in the projections over the turnover of the previous year.

Download SBI SME Smart Score Loan Annexures - pdf format.

Download SBI SME Smart Score Loan Application Form - pdf format.

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