State Bank of Hyderabad Laghu Udyami Credit Card is an MSME Scheme that is designed to help the Micro & Small Enterprises in meeting their working capital needs.
Helps fulfil working capital needs.
Maximum loan amount of Rs.10 Lakhs.
Low rates of interest.
Features and Benefits:
Loan Quantum – Cardholders can receive a maximum loan amount of Rs.10 Lakhs through the State Bank of Hyderabad Laghu Udyami Credit Card.
Margin – The margin on the loan taken through a State Bank of Hyderabad Laghu Udyami Credit Card is 25%.
Repayment of Loan – The loan can be repaid on demand. Generally, the loan amount sanctioned under this card is valid for a period of 3 years.
Interest Rate – This scheme has low rates of interest.
Primary Security – The primary security for the loan taken through this card is hypothecation of assets that the enterprise has bought using the borrowed amount.
Collateral Security – If the value of the loan amount is up to Rs.10 Lakhs, then no collateral is required.
All MSME existing customers who enjoy a credit limit of maximum Rs.10 Lakhs and whose accounts with State Bank of Hyderabad has been satisfactory handled for a minimum of 1 year are eligible to apply for a State Bank of Hyderabad Laghu Udyami Credit Card.
Fees and Charges:
Please contact the bank for details regarding the interest rates and fees and charges.
How to Apply?
To apply for a State Bank of Hyderabad Laghu Udyami Credit Card, you can visit any branch of the bank.
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The credit limit offered by State bank of Hyderabad is 75,000. Actually, it is not sufficient for me, planning to upgrade my limit. It is a life time free card. There are some reward points and cash back offers are available for my card. I had no issues with the SBH with regards to my credit card.
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PARMESHWAR ASHOK TELANGE
Reviewed on Apr 07, 2017
I use a credit card of SBH Bank. I had been using the card for about a year now. There is no cash back offers on the card. There are reward points. But I have not redeemed them yet. The credit limit is very much satisfactory. The services and response is quite satisfactory.
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SUMANTH YARRAM PRASAD
Reviewed on Jun 29, 2016
State Bank of Hyderabad is very good than other public banks. As their customer service and response is satisfactory. No loan offers on my platinum credit card. Nine hundred rupees is the annual charge, I guess. Overall I am satisfied with the bank.
Credit card application process is very lengthy with State Bank of Hyderabad. Since my salary norms did not meet the eligibility criteria, they are not able to sanction the credit card to me. The salary drawn by the applicant must be above 25K. They are collecting the mandatory documents as per the bank norms.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
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