Providing financial support to MSME’s or Micro, Small and Medium Enterprises, MSME Credit Plus by State Bank of Hyderabad helps businesses and services meet all their financial needs in case of unexpected expenditure.
Adequate Loan Quantum is provided.
Longer repayment tenure can be availed.
Security is given utmost priority.
Benefits and Features of State Bank of Hyderabad MSME Credit Plus
Customers are provided with adequate loan quantum to meet their financial requirements. 20% of the gross working capital limit is sanctioned to the customer. The maximum amount that can be provided is Rs.50 lakhs for all Medium enterprises and Rs.25 lakhs for Small and Micro enterprises.
Unlike most other options, applicants are provided with a sufficient period to repay. The time allowed is 4 months.
There is no margin applicable on the MSME Credit Plus.
Priority to Security.
Primary security is hypothecation of all assets that are procured by the bank finance with the limit that has been originally sanctioned by the firm. Additional security is not necessary.
Available security through collateral to other limits that has been sanctioned, will be extended, so as to cover the loan.
Eligibility for State Bank of Hyderabad MSME Credit Plus
The MSME Credit Plus will be provided by the State Bank of Hyderabad to existing borrowers, who have a suitable track record.
How to apply for State Bank of Hyderabad MSME Credit Plus
Customers can apply for MSME Credit Plus by visiting any branch of State Bank of Hyderabad.
Fees and Charges applicable for State Bank of Hyderabad MSME Credit Plus
Please contact the State Bank of Hyderabad for fees and charges pertaining to MSME Credit Plus.
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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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