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    State Bank of Hyderabad (SBH) Mudra Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    15.25% - 15.75% Floating
    1% (min. ₹1000) One time fee
    25,000 - 7.5L
    1-3 Years
    Response Time Within 30 minutes
    Documents
    Perks
    Think about
    Eligibility Criteria
    Personal Loan BYTES FROM OUR KITCHEN

    Overview about SBH Mudra Loan

    State Bank of Hyderabad (SBH) offers the Mudra loan scheme to small and medium enterprises to facilitate funding for working capital requirements and other non-farm income generating activities. A drop-line overdraft facility for working capital with a monthly repayment option and for procurement of assets is also available from State Bank of Hyderabad. Mudra loans can be availed as cash credit or as drop-line overdrafts.

    Features of SBH Mudra Loan

    The following are the key features of an SBH Mudra loan -

    Loan Quantum - The maximum quantum of loan that can be availed by a borrower is up to Rs. 10 lakhs.

    Interest Rates - The interest rates offered on a SBH Mudra loan is at the base rate, which is 9.95%, currently.

    Loan Margin - The margin required for stocks is 25%, for receivables it is 50% and for drop-line overdraft facility it is 25%.

    Loan Limit - The loan amount will approved according to Nayak Committee methods or any other relevant method for drop-line overdraft facility or working capital. State Bank of Hyderabad will sanction up to 75% of the asset or project financed, depending on the repayment capacity of the borrower.

    Repayment tenure - For working capital loans, the repayment has to be done within a period of twelve months, which is renewable on a yearly basis. Drop-line overdrafts can be repaid within a period of 84 months, based on the repayment capability of the borrower.

    Security - The primary security that has to be submitted for a SBH Mudra loan is hypothecation of assets got through the bank’s financing. Collateral need not be submitted by borrowers, according to RBI regulations. Mudra loans offered by SBH will automatically be covered under the CGTMSE scheme.

    Eligibility criteria for SBH Mudra Loan

    Companies, societies, partnership firms and individuals involved in non-farming income generating activities falling under services or manufacturing sectors are eligible to avail a Mudra loan. The Mudra loan scheme can be taken only for activities that have CGTMSE cover.

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