Breaking News ( New Delhi  ) : If you want to loan  to start a small business or for working capital in your business, than State Bank of India ( SBI) is being helpful  to your requirements. There are loans are availablei by SBI bank for every Indian. If anyone wants in your business as working capital requirement of your small scale manufacturing units, trade and services business, during in this regards the loan is available Rs 50 lakh upto as maximum and minimum upto Rs 10 lakh under the scheme SBI's SME Smart Score loan facility. 

           Who's are Illigble to get a loan

This information is available on SBI website. Which is SME Smart Score in terms Cash / Cradit term loan facility. The condition is apply for getting this loan in terms Public / Private limited company, Trading, Service Sector and Partnership firm may be apply for this loan facility. The loan facility is only for working capital needs or for purchasing fixed assets in their Firms and Industries. 

      The Loan amounts

This loan is for under the units which are under SME Smart Score , trading, services unit and manufacturing units also. They all are arranged minimum loan Rs 10 lakh and the maximum of Rs 50 lakh. In this matter the condition is 20% of working capital and 33% of term loan. 

       Which collateral securities is need for loan

This loan is given by SBI at very competitive pricing, which is tie up with the bank's EBLR, to discussing about charges and fees. It is 0.40% of the amount. There is no longer need collateral security in this loan. The entire loans are covered under the Credit Guarantee Fund, Trust Fund for the Small Enterprises ( CGTMSE) and Micro units. In this loan, the gurantee fee has to be manage by the borrowrr. 

             Period of Loan repayment

The condition of this loan in SBI website, all credit loan will be checked every 2 years along with the performance of the business of the borrower per annum The repayment schedule for term loan /drawline Over Draft ( OD) will be under within the 7 years. After the repayment will not complete than a period of 6 months will allow to complete repayment of loans. The entire loan will under cusduty of an annual basis. 

               Eligibility of loans

The Chief Prometer / Chief Executive can apply for SME Smart Score Loan. The eligibility of age must between 18 years to 65 years.