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    State Bank of Hyderabad MSME Credit Plus

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

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    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.

    Highlights

    • Adequate Loan Quantum is provided.
    • Longer repayment tenure can be availed.
    • No margin.
    • Security is given utmost priority.

    Benefits and Features of State Bank of Hyderabad MSME Credit Plus

    • Loan Quantum.

      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.

    • Repayment Tenure.

      Unlike most other options, applicants are provided with a sufficient period to repay. The time allowed is 4 months.

    • Margin.

      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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