SBI for SME offers term loan for purchasing new equipments used in construction activity like loaders, excavators, cranes, vehicles etc. SBI SME Construction Equipment Loan scheme allows 4 years tenure and 6 months morotorium.
SME for SBI provides Term loan upto 10 crore for existing transport operators owning fleet of commercial vehicles (minimum 10 nos) like Trucks, Trailers, Tankers and buses etc. This scheme cannot be availed by first time users to start a new venture. Loan amount includes cost of body, Insurance, Registration and Road Tax. Optional collateral free security is available in select cases.
SBI has recently launched hassle free payment transfer system called "IMT" (Instant Money Transfer) using ATM and beneficiary's mobile number. SBI account holder can transfer fund upto Rs, 10,000/- to anyone residing in India having a valid Indian mobile number. This unique service - IMT - allows instant money transfer avoiding third party's service and commissions. The beneficiary can receive money through an ATM without using a card.
SBI has a featured financial product enabling Cash Management System - SBI FAST (Funds Available in Shortest Time) - to its Corporate customers. Collecting and transferring funds to be in time for a seamless functioning of a corporate body. SBI FAST has all these advantages along with customized MIS.
If you are a Central or State Government or Defence pensioner drawing your pension through one of SBI branches and are not more than 76 years of age, you can avail of a loan from your branch to meet your personal expenses. SBI understands you may have an urgent or unexpected need for funds or a family obligation to be fulfilled and appreciate your association with the bank.
SBI Online Income Tax Return Filing Service - SBI e-File provides a convenient method for filing online IT return service at no cost to its customers. This FREE service brought in association with an e-Return intermediary (ERI) approved by the IT Department. If you pay a nominal charge Rs. 150/-, all salaried customers can avail Bank Assisted e-filing services.
As part of modernization, SBI now has added another 7 digital products to their customers: SBI Digital Village, SBI Mingle, State Bank Buddy, State Bank Scribe, SBI Digi Voucher, SBI Video Statement and SBI Smart watch. With these additions, SBI becomes the "leader of digital products", they claimed. All these SBI Digital products are available for both rural and urban customers in India.
Loans for present and prospective owners of shops/ offices/ show-rooms/ training centres/ service centres/ garages/ offices for Chartered Accountants/ Consultants for the purchase / repair/ renovation of new/ old shops/ establishments/ offices/ dealer’s showroom etc.
Every banks deal with "Term Loan" as their financial product to attract customers. Majority of financing institutions given their product as a term loan. They are probably, short-term loan for buying home appliances or long-term loan for buying a home or inter-mediate term loan for purchasing a car. Here we see the types and features of Term Loan.
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.
SBI Doctor Plus Bank Loan Scheme allows a hassle free financing solution for qualified medical practitioners in any discipline (a person possessing the qualification of MBBS, BAMS, BHMS, BDS, GAMS etc.). Although Doctor Plus loan scheme can be opted for all qualified medical practitioners, it is more suitable for freshers who has entrepreneurial attitude. Here we will find what are the features, eligibility, security, documents required and other things to be considered for availing Doctor Plus Bank Loan offered by State Bank of India.
SBI Housing loan customers are offered to utilize this concessional facility called Credit Khazana. When they apply for other additional loans like car loan, personal loan etc., through Credit Khazana offer, interest and margin money will be fixed after permitting some percentages reduction.
SBI Arthias Plus provides financing commission agents against their receivables from farmers. Eligibility (under Agriculture segment): Commission agents enjoying good reputation and holding a valid license from the market yard/ board and are in the line of business for the past 3 years, having receivables from farmers only, functioning in rural and semi urban markets/mandis.
SBI Agricultural Gold Loan to enable farmers to meet their short-term agricultural credit needs. This is one of the easiest and convenient loan for farmers when they are in emergency needs of fund. An existing account holder can avail this loan within an hour producing land tax receipt along with passbook and gold.
SBI Kisan Credit Card (SBI KCC) to provide timely and adequate credit to farmers to meet their production credit needs (cultivation expenses) besides, meeting contingency expenses. The Kisan Credit Card (KCC) Scheme was a model agriculture loan scheme prepared by NABARD in August 1998 and RBI advised to implement the same by all commercial banks in India in 1998. After series of request from farmers, NABARD and RBI revised the whole KCC Scheme to suit the farmers' current needs.