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.