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.
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.
The MSME Credit Plus will be provided by the State Bank of Hyderabad to existing borrowers, who have a suitable track record.
Customers can apply for MSME Credit Plus by visiting any branch of State Bank of Hyderabad.
Please contact the State Bank of Hyderabad for fees and charges pertaining to MSME Credit Plus.