Selection of SME Finance Products offered by Indian Financial Institutions

No. Bank Product Basic description Facilities Offered Collateral

1 ICICI Business Advantage Loan Best suited for : Retailers / Traders / Cash Credit / Overdraft / > Funding against
Manufacturers / Wholesalers / Dropline Overdraft / Bank commercial / industrial /
Distributors / Importers / Exporters / Guarantee / Letter of residential property &
Dealers & Merchant establishments Credit / Export Credit / liquid securities.
Cash Management > Collateral free funding
Services against EDC machine
card swipes for
merchant
establishments

2 ICICI ICICI Bank Advantages Advances; Flexible Collateral norms

Disbursement in 25 days based on your financials
and property types from
30% to 200%

3 ICICI Business Advantage Loan - Loan Working capital as cash-credit > Charge against current
backed by credit guarantee from facility (with charge on current assets;
CGTMSE assets) - For manufacturers > No requirement of 3rd
Cash Credit party guarantee;
> No requirement of
collateral security

4 ICICI Business Advantage Loan - Loan
backed by credit guarantee from
CGTMSE
Business Installment Loan
Term loan with equated monthly > Charge against current
installments (with charge on assets;
current assets / fixed assets > No requirement of 3rd
financed through Business party guarantee;
Installment Loan - For > No requirement of
manufacturers collateral security

5 ICICI Vendor Financing Bills Discounting

 Selection of SME Finance Products offered by Indian Financial Institutions
6 HDFC Working Capital Loan

7 HDFC Construction Equipment Finance

8 HDFC Medical Equipment Finance Repayment through post dated The purchased
cheque / direct debit mandate equipment
9 HDFC Bill Discounting
10 HDFC Export Credit
11 HDFC Real Estate initiatives Loans for security deposits for
commercial properties, etc.
12 HDFC Commercia Vehicle finance
13 HDFC Short-term finance
14 HDFC Healthcare project finance Property

15 HDFC Channel Financing

16 HDFC Precious Metals purchasing/
hedging
17 Indiabulls Business Loans
18 Indiabulls Commercial Credit Loans Repayment – from the existing / Acceptable Security -
projected cash flows. Residential Property
including farm houses /
Commercial Property /
Industrial Property /
Open land / Plots /
shares in listed compan
19 SBI General Purpose Term Loan Loan Current and fixed assets
pledges as security for
loans up to 5 lakhs. For
debts totalling over 5
Lakhs, tangible asset
security or 3rd party
guarantees.
 Selection of SME Finance Products offered by Indian Financial Institutions
20 SBI Liberalized credit for SSI Loan > Term loans; Up to 5 Lakh: no
> Working capital loans; collateral
> Composite loans (term Up to 25 lakh for
loans plus working capital) "composite" term loan +
up to Rs 25 lakh.  working capital facility
> Letter of credit;
> Bank guarantee ;
> Deferred payment
guarantees;
> Bill facility for RM
purchase and for goods
sales.
21 SBI SBI Open Term Loan Line of Credit

22 SBI Retail Trade Loans for low-investment/ low-skill

business, e.g. materials trading
23 SBI (Assorted industry-specific
24 United loans)
Working Capital requirement Loans for working capital needs yes
Bank of
India

25 United Composite loan Mix of working capital loans and yes

Bank of term loans
India
26 United Credit limits Credit tendered on the current no
Bank of accounts
India
27 UCO Bank Term Loan/ Demand Loan/ For acquisition of capital goods,
Deferred Payment guarantee fixed assets, vehicles, Plant & *Laghu Udyami Credit
machinery, purchase of land, Card
construction of buildings etc. *Artisan Credit Card
*Prime Minister
Employment Generation
28 UCO Bank Working Capital by way of i. Purchase of raw material, Programme (PMEGP)
Cash Credit, Overdraft etc components, stores and *Collateral Free Loans
maintenance of stock ii. under Credit Guarantee
Finance against receivables Trust Fund for Micro &
including receipted Small Enterprises
challans/invoices iii. (CGTMSE)
Meeting marketing expenses where *Loans under Technology
the units have to incur large-scale Upgradation Fund Scheme
expenditure towards marketing for Textile Units
29 UCO Bank Bills Purchase/Discounting products. *Swarozgar Credit Card
under L/C or outside L/C Scheme
*Uco Shilpa Udyog
*Uco Vishwakarma Yojna
30 UCO Bank Export Credit facilities like
*Uco Mahila Shilpa Udyog
Packing Credit,FBP/UFBP.
Scheme
*Composite Loans to MSE
Units
*Scheme for financing
Handloom Weavers Group
(HWGs)
*Loans under Credit
Linked Capital Subsidy
Scheme for Technology
Upgradation.
 Scheme
*Uco Shilpa Udyog
*Uco Vishwakarma Yojna
Selection of SME Finance Products offered *Uco
by Indian Financial
Mahila Shilpa Udyog Institutions
Scheme
31 UCO Bank Letter of Credit on *Composite Loans to MSE
sight/usance basis for purchase Units
of raw material/ capital goods. *Scheme for financing
Handloom Weavers Group
(HWGs)
*Loans under Credit
32 UCO Bank Bank Guarantee for Linked Capital Subsidy
performance, advance Payment, Scheme for Technology
Tender Money , Security Upgradation.
Deposit, Guarantees for getting *Uco Channel Scheme
orders , for procurement of raw *Scheme for Food
materials etc. Processing Industries

33 OBC Under CGTMSE

34
35
36
37
38
39
40
41

$6.00
 Selection of SME Finance Products offered by Indian Financial Institutions
Amount Range/Limit Duration Price Eligibility Associated Gov't Information
MSME Head
Reg or Program regarding
contact
allocation
10 Lakhs to 10 Cr Interest rates on Minimum one year
loans and business vintage &
advances are IBAR audited financials
(ICICI Bank
Benchmark
Advance Rate)
linked. Present
Interest rate is I
BAR + 3% based
on product offered.

10 Lakhs to 10 Cr I BAR + 3% based

on product offered.

Up to 25 Lakh 12 months > Floating Interest > Track record of Funding for
rate; repayment of loans; manufacturers
> Interest levied > Audited financial under the CGTMSE
on amount used; statements of past scheme of SIDBI
> Max = PLR + 3% two years; and Ministry of
p.a. > Investment of less Small and Medium
than Rs. 5 crore in Enterprises
plant and machinery;
> Funding to
proprietorships,
partnerships, private
limited companies and
public limited
companies.
Up to 25 Lakh 6-48 months > Fixed rate > Track record; Funding for
> Max = PLR + 3% > Audited financial manufacturers
p.a. statements of past 2 under the CGTMSE
years; scheme of SIDBI
> Investment of less and Ministry of
than Rs. 5 crore in Small and Medium
plant and machinery; Enterprises
> Funding to
proprietorships,
partnerships, private
limited companies and
public limited
companies.
> processing fee is
2%
> Interest rate on
loans and
advances = IBAR
+2%
 Selection of SME Finance Products offered by Indian Financial Institutions
5 lakhs and up > Bank Statements
for last 12 months for
all primary accounts;
> Company hitory;
> Audited Financials
for last 2 years.;
> Latest Debtors
statement with ageing
analysis
> Sanction Letter of
an existing bank limit
(if any).

Up to 80% of invoice value 12-60 months

25 Lakhs and up; Up to 84 month Interest rate

Up to 60% of property depends on
value customer profile

5-50 Lakhs 12-48 months

Up to 300 Cr 3-36 months

25% margin (i.e. loan = up 3 years

to 75% of price of asset to
be purchased)
 Selection of SME Finance Products offered by Indian Financial Institutions
5 Lakh (no collateral);
25 Lakh (partly
collateralized);
> No margin up to 25
Lakh; 20% margin up to 5
Cr; 25% margin for larger

250 Lakhs (mfct)

100 Lakhs (trade and
services)
5 Lakh

Average DSCR should Credit Target for Shri Prasun Saha –

be at least 1.25 and
minimum 1 for any
particular year
1 crore
5 lakhs/15 lakhs
the SME Sector Assist. General
1.10% of the Manager. Tel No:
total advance will 033 - 22435611
be deployed in the
SME Sector.
2.Advances to the
SME Sector will be
doubled by 2009-
2010 with
minimum 20% year
on year growth in
credit in this
sector.

1. 60% of Small
Enterprises
Rs.2.00 advances should
Crore(Manufacturing go to Micro
Sector) and up to Rs 1.00 Enterprises
Crore(Service sector) 2.Banks are
advised to fix their
own target in order
to achieve a
minimum 20% YOY
growth over the
MSE advances as
of March, 2005
with an objective
to double flow of
credit to SME
sector by the year,
2009-10.
 MSE advances as
of March, 2005
with an objective
Selection of SME Finance Products offered by Indian Financial
to doubleInstitutions
flow of
credit to SME
sector by the year,
2009-10.

Rs.100 lakhs. PLR-3.25% to PLR+ CGTMSE

2.50% depending
upon the credit
rating and loan
amount
 Selection of SME Finance Products offered by Indian Financial Institutions
Head of
institution Source
contact

http://www.sme.icicibank.com/Business_WCF.aspx

http://www.sme.icicibank.com/Business_WCF.aspx

http://www.sme.icicibank.com/Business_WCF.aspx
Selection of SME Finance Products offered by Indian Financial Institutions
 Selection of SME Finance Products offered by Indian Financial Institutions

Bhaskar Sen
Chairman &
Managing Director
of United Bank of
India

http://www.unitedbankofindia.com/sme-segment.asp

http://www.ucobank.com/loan-policies.htm
 Selection of SME Finance Products offered by Indian Financial Institutions

https://www.obcindia.co.in/obcnew/site/inner.aspx?
status=3&menu_id=94