SBIML provides customized products that will meet the specific requirements of business concern
- Easy Business Loan Scheme:
- Scheme specific for companies, professionals, partnership firm and societies.
- Up to MUR 50.00 Mio of working capital and Term Loan finance.
- Attractive rate of interest.
- Standby Line of Credit
- For existing corporate, non corporate and SME customers to meet with business exigencies or unforeseen emergencies.
- Up to 20% of approved working capital facility can be granted.
- Existing security offered can be extended to cover the facility.
- SME Car and Vehicle Loan Scheme:
- For acquisition of car and other vehicles for commercial use by business units
- Up to 85% financing of the cost of vehicle.
- Maximum 7 years financing for purchase of new cars.
- Loan for Property Purchase:
- For purchase of land for construction of building for commercial activity.
- Up to 70% financing of the cost of purchase.
- Up to 8 years of repayment.
- OD and Loan against Fixed Deposits:
- For financing against Fixed Deposits held with us in the name of company or individual
- Up to 85% financing for working capital and Term Loan facilities.
For specific SME customers:
- SME Financing Scheme:
- For all types of business customers classified under SME expect units dealing in real estate, traders and units dealing in luxury cars.
- Can be given both as a Term loan and working capital limit.
- Attractive rate of interest of Repo rate +2.00%
- No processing fees.
