This is probably the first time that a large Nationalized Bank will be offering Loans without any collateral to Indian SME’s !
The global economy slowdown dented the manufacturing sector. Increasing costs, lack of demand and inventories piling up has hurt the manufacturing sector and primarily the SME sector.
Moreover, with the global outlook uncertain, the existing SME’s seem to be in doubt before making any fresh investments for expansion. Interest rates and the fear of not being to factor in the interest payments becomes a deterrent for SME’s looking to avail loans in this fiscal.
To address these tough challenges faced by existing and aspiring SME enterprises, State Bank of India has come out with three sets of solutions. (source)
These are products known as SBI Micro, SME Care and SME Help.
SBI Micro:
This is a loan scheme for new SME ventures that require a small loan size of up to Rs 5 lakh. The loan is offered by SBI without any other collateral security at a very attractive interest rate structure. The bank charges a fixed rate of 8% per annum on the loan with no hidden or other charges like processing fee or inspection charges. The loan is repayable in three years.
SME units with slightly higher investment and loan requirements are offered loans up to Rs 25 lakh at an interest rate of 10% per annum.
This, too, is offered without any collateral security and with the guarantee cover of CGTMSE. This is available till September 30, 2009.
SME Care:
This is a special package for existing SME customers. An existing customer with a current level of loans up to Rs 10 crore is eligible for this assistance.
Under this scheme, the bank offers additional working capital limits to the tune of 20% of the present working capital limits at 8% interest rate. To enable the SME units to avail of these limits without having to bring in additional capital funds as margin, the bank has relaxed the margin norms and extended cover period for receivables.
It now allows a longer holding period for inventory and does not insist on additional collateral security to cover the new SME Care limit. This scheme is currently available till September 30, 2009.
SME Help:
Existing SME units that desire to make additional investment in the current economic situation require some soft support. This is provided by SBI in the form of SME Help. Under this scheme, any existing SME customer making additional capex and, hence, requiring term-loan assistance is given a new term loan repayable in 5 years.
The interest rate for the first two years stays at 8% per annum interest rate and will be reset at appropriate rate as applicable to the SME unit based on its risk rating.
This move sure looks like a welcome move for the SME sector struggling to come out of the current slowdown unscathed. The focus on SME is important as they are the building blocks of our economy and SBI is sure playing its part in ensuring that the SME sector never feels shortage of capital.
We need more such steps to ensure that SMEs stay afloat during these tough times. Also, these kind of schemes will encourage Entrepreneurship which is the need of the hour right now !
[This post is written by Ankit Agarwal, an ERP Consultant by profession, a wannabe entrepreneur and stock market stalker by passion]
Comments
Dear sir
sme loan should be for good repayment track client will be coltral free
anand
bangalore
i need sme loan for mineral water industry under cgtmse scheme.
if any body is interested to finance my project pls let me know
thanking u
arun
required rs 40 lacs of colletral free loan for 20 yrs old running factory. send terms rkt27@rediffmail.com
sir
i m mohanasundram i m doing finance consultnat i will arrange loan upto 15 crores send ur company details annual turnover more than 50 crores and bank loan facility ur loan requiements
yours
p.mohanasundram, 9551299933, 9677287455
i want loan 3 cross withouth security loan “manufacturing” prosess
Product Disposable syringe and iv set, iv caanal ext
send ur details i will arrange unsecurd loan upto 15 crores
my phone no : 09941262450 and 09003104252
Dear sir,
I am planning to start paper Plate & Paper Cup manufacturing unit in Bangalore. I am looking for loan of Rs. 20 lakhs without any security. If it is possible to arrange, i will send all the project details to you.
waiting for your valuable reply,
M. Pramod.
i need loan of 25 crore without any security or collateral or any strings attached this money will be carefully spent on my basic needs such as a owning a bmw M5 a audi q7 and a E-class for my daily usage i would be purchasing a laura and toyota fortuner i will be upgrading to a slightly bigger house costing aprox 6 crore and would also be purchasing 2 smaller houses costing 3 crore in diffrent cities my daily expinditure needs would be around 20-30 thousand including food & servants while i am in india and while i am abroad that figure can reach aprox 1-2 lacks depending how beautiful my ho is, and the balance money would be kept safely by me until any emergency requirements by me.
Thanks all of you a lot and awaiting potential investors eagerly
dear sir i m P.Mohana sundram from chennai doing finance consultant i will arrange finance up to 15 crores without collatral unsecured loans who one need call me
09941262450 and 09003104252
i am interested in getting loan without any security to start a pharmacutical trading, let me noe the details
PLease advice me how to avail 15crores loan without co-lateral securities from financial institututions.
dear sir i vignesh from madurai doing finance consultant i will arrange finance up to 20 crores without collatral unsecured loans who one need call me
8124757218
dear sir i K.Kadiresan from madurai doing finance consultant i will arrange finance up to 25 crores without collatral unsecured loans who one need call me
08608884182
I M YOUNG GROWING PERSON WITH ENDLESS THINKING AT THE AGE OF 25 YEARS
I WANTS TO ESTABLISH AN ICE FACTORY IN MORADABAD. IF ANY ONE CAN SUPPORT MY PROJECT FINANCIALLY WHICH REQUIRES AN INVESTMENT OF NEAR ABOUT 80LAKS CAN CONTACT ME IMMEDIATLY
TARUN KAPOOR
55 ADARSH NAGAR IDDGAH ROAD
MORADABAD-244001
09837437384
0591-2491645
i need rs 10 lakhs loan for starting a paper cup indusrty without collateral
i want to start company which provides biomass energy and renewable energy
how can u help me?
Hi,
I need loand for Rs.1 crore & 50 lakhs to establish an organic agriculture and resort project to be based near Mysore. the interest per annum should be below 6%, payment of principle after six months, repayment over a period of 10 years on reducing balance. No collaterals, any initial charges would be paid after receipt of loan amount in full.If interested kindly mail your interest to rederthorganik@gmail.com at the earliest.
dear sir i K.Kadiresan from madurai doing finance consultant i will arrange finance up to 25 crores without collatral unsecured loans who one need call me
i have a requirement of 25 lacs for a period of 3 years, please advice your terms and conditions.
We are finance consultants We arrange loans of more than 1crore to 50 crores .We have good rapport with NBFC and Banks. We provide all types of secured/Non secured loans . We are based In Mumbai.
i have a requirement of 50 lacs for my company that is into the manufacture of modular furnitures
i have a requirement of funds for my company doing odular furnitures.please let me know if it is possible
raviprasad
i need 50 lacs for my company in bangalore
We are finance consultants based in Mumbai and the loan amount U require is small hence it is not feasible in Bangalore If you have any one with requirement in Mumbai,Pune pls contact on 9920333293
Just now I have spoken to my associate in Bangalore Please send me the details of your present in If salaried Bank statement of last three months If company ,Balance sheet of Three years, if New company Details of your current Income and property on nileshk93@yahoo.com
Regards
Nilesh
Hi,
I need loand for Rs.2 crore to establish an printing unit for multi colour offset be based near chennai Royapettah . repayment over a period of 5 years on reducing balance. No collaterals, any initial charges would be paid after receipt of loan amount in full.If interested kindly mail your interest to kottesrik@rocketmail.com at the earliest.
dear sir i vignesh from madurai doing finance consultant i will arrange finance up to 20 crores without collatral unsecured loans who one need call me
8124757218
i m 18 year old young person i neede 10 to 20 lakh loan without security and without gauranter. i want to start radymade garments compny in bhopal
I need a loan of Rs.15 lakhs without any Collateral to start a new business venture in retail super market with innovative ideas in chennai.
If anybody interested, Let me know..
Get me at: sudhakarp2007@gmail.com
i am a propritor to run a NON CONVENTIONAL ENERGY GOODS Manufacturingn unitSOLAR S P Vbase item but sb i ichapur 24 p g s, n, BRANCH MANAGER for deliberate harassment an misbehavior relating tonon
IMPLEMENTATION OF MY VALUABLE GOVT ORDER Ineed 50 ,00000/ to execute my coming order
ineed a loan of 50lakhs without collateral forexpanding my business of cakes and sweets
sir,
i am in the business of maintainance of transmission line towers right now i have ready orders to be executed for a state owened company iam in need of working captial if any body will to invest contact me on my email id transelectric@rediffmail.com.
i am a b.tech(MECHANICAL) degree holder and want loan of 5 crore to start my own polytechnic college . can any one have any idea??
sir .i want to start fertilizer and chemical whole sale business in guwahati .i need RS 20 lakhs for this w out security and guranter.please advice me.waiting for rep
Any one needing any help in sme finance can contact me as i am an employee in one of the leading PSU banks in india. You can mail me along with your contact number at srihari_001@yahoo.co.in. My fees for each of the loan sanction would be 5% of the loan amount applied.
I’m a finance consultant and have tie-up with various bank for loan funding on pan India for new projects, expanssion of busniess, CC/ O/d, Term Loan, BG, LC etc for any financial assistance need please mail me your requirement. Thank You
i need sme loan for mineral water industry under cgtmse scheme.
if any body is interested to finance my project pls let me know
thanking u
arun
Provide your contact details to proceed
iam looking loan for 2,5 cr to my construction purpose contact me 09945056369
i have a requirement of 25 lacs for my company that is into the modular furnitures business in bangalore india.
please let me know if it is possible by you to get the loan and kindly let me know your terms and conditions also.
regards
raviprasad
i have a requirement of 50 lacks to start my own brick klin business near lucknow city….i need a colletral and a guarantee free loan with low interest rate.sme lonas and cgtmse loans are preferable…my contact no. is 9026518280…wating fr ur good response….
regards
ashutosh
lucknow
u.p.
i have a requirement of 17.15.000 lacks to start my own ash fly block plain klin business near durgapur city….i need a colletral and a guarantee free loan with low interest rate.sme lonas and cgtmse loans are preferable…my contact no. is 9126624067…wating fr ur good response…. regards a,biswas .burdwanu.w.b
.
Hi everybody,
I am Gautam Mazumdar from Mumbai.
Looking out for finance for my e-commerce site.
I meet new guys who are potential funders everyday.
Chatered accountants, company secretaries , merchant bankers, vc, seed capital funders, advocates, high networth individuals bankers,agents,brokers.
All of them are connected to someone who has funds or pretends to be wealthy.
Everybody wants security
Everybody wants transperency
Everybody wants accountability
Nobody wants to share the risk.
Risk is a purely your asset
Nobody wants it except you,not even your family.
Its a very personal asset,in form of idea which lives in your brain.
You eat drink & sleep with it.
Geting funds is an formula, apply it.
Everyone of us will learn it our own way.
All the best to all my enterprenuer friends
Gautam Mazumdar
AVAIL P.L rs 15/25 lks,B.L/H.L/L.A.P______-2/5/25 CRS .SANCTION IN 48-52 HRS.FROM BANKING AND PRIVATE SECTOR.EVEN LOCK AND KEY CASES CAN B DONE.PLZZZZZZZZZZZZZZ DO CL OMI ON 9699578810.
i have a requirement of 5 lacs for my company doing odular furnitures.please let me know if it is possible
raviprasad
dear sir,
i am looking for funds for Rs 50,00,000 for a modular furniture company based in bangalore. this company is a 2 year old company, hence please advice if this can be arranged.
shall submit total details after your confirmation
regards
raviprasad
Arun & Ankit,
For a foreign company that wants to develop a project (like solar farm or manufacturing plant) in India, what are the options to raise funds in India.
I can be reached at npathak@entryindia.com.
I have a two-wheeler finance company. I want to get a loan for my finance business. Please guide me whether such loan is available. U can kindly contact me on 09890495659, 09325481958
Require Finance for setting up waste to energy convertion manufacturing unit in India
We looking for finances / Investor for a waste to energy convertion manufacturing project in India.
Interested parties do contact for further details at mail4srikanth@gmail.com
sir, iam in need of 5 lakhs to grow my cloth shop,but i don”t have any security.Help me to arrange it sir. Thank you
sir,
iam in need of 2 lakhs to grow my cloth shop,but i don”t have any security.Help me to arrange it sir.
Thank you
I plan to start an Chain of Retail Chemist store for which i seek partner to invest ,as full knowledge and detail of project ready. If any one interested please rever mail, i can be contacted at sparshpkl@gmail.com
I have a two-wheeler finance company. Anyone interested in investing in the company can contact me on 09890495659.
we need 25lacs loan for developing our business.all ready we are running garments industry at moula-ali 9700233123,9000748111
Sir,
my dad is one of the partner in a Paper cup manufacturing company and now we are planning to buy back the shares from all the partners . we will be requiring around 2.5 crore for this purpose…
can u suggest a good option to avail the required amount without any collateral…
I am planning to start a training institiute for BBC , my investement would be around 10 Lacs, pl let me know how i cna get this lona with out any colletral
call me i may let u know weather is it going to happen r wat 9844525428
Sir, I want loan without any collateral security and I will honor my
commitment. Best regards. highclassnews at yahoo dot com
i need 25 lacs to run a cast iron foundry i have many customers related to my profession so please let mo know how to get finance without any collateral
I M running my own business of graphic designing & printing now i want 8 lac of amount for purchasing my own printing machine for the same business without colletral security.
i am from kolkata and i want to start a fishery farm. there is a suitable land of 133 acre in my knowledge but i dont have huge amount to buy it . i want 6 crore without collateral. interested person may contact me on 09358015736, 09639570161
email id : deepak151085@gmail.com
I (G.Bala Kishore) am from Anakapalli, Visakhapatnam District, Anadra Pradesh, India. pin code 531001. i am Builder (constructions) i already complete 3 projects in anakapalli. Now one project in running and final stage. But i have no money to construct remaining work. buyers are not interest to pay the amount. they are feel total constructions comlete then we will pay the remaining balances whatever it. so i am in deps (loans) with high rate of interest. so please help me. i want 50 lakhs loan without any security (i have no security to give you) this loan amount return to you within short peroid.
I need finance for devlop my business.
I need finance for devlop my business.
Hiii…i m working as a lecturer presently…..but want to start my own apparel manufacturing business on a very small level (initially)…for which i require a loan of Rs.50,000-10,00,00.
The problem is that i want this loan without any collateral security, but I would be able to pay it back easily and timely as it is not a very big amount.
Please guide how and where to get this much money to start my business.
Expecting urgent replies
Regards
Anila
I need to a new project loan in the my privated ltd company without any security upto 70 lakh,please contact -9654468614
I want to khow that is the trade of SHUTTERING STORES falls within trades of SSI UNITS.
Sir,
Not a single Nationalise bank is giving any unsecured loan. These are on papers only.
our turnover is 1.75 crore and we want to grow our industry for which we require 60 lacs as unsecured loan but existing as well as new banks also refusing.
If u can help us in this matter please let me know
Thanks & regards
i need 3 crores loan with out security for working capital , yearly turn over 25C, Now i have recieved 100 Crore Project. pls contact me 09620235735, bangalore
want 15 crores for a silko magnese factory at raipur.
My dear karim,
I will arrange 15 crore finance in low interest, please contact me my cell No.8608884182.
dear sir,
i have a requirement for 25 lacs and i need this loan without collateral for a period of 3 years.can u help, i have a modular furniture industry in bangalore
raviprasad
I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker’s Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading.
Contact me through this email:(financialdraft55@gmail.com,) or through
skype: (besik.katsitadze) in other to furnish you with other information.
I want to start my own manufacturing business on a very small level (initially)…for which i require a loan of Rs.10,00,00.
The problem is that i want this loan without any collateral security, but I would be able to pay it back easily and timely as it is not a very big amount.
Please guide how and where to get this much money to start my business.
Expecting urgent replies
Regards
I m Interested getting the loan of Rs 10 Crore without any security for banqueting business…..any comments 9930999638
i have a requirement for funds in bangalore for a furniture industry, are you prepared to help me.
regards
ravi
sir, my name is narayana reddy , I WANT TO PURCHASE A POULTRY IT IS ONE LAKH CAPACITY SO I NEED 2 CRORES BANK GUARANTEE. IF ANY ONE ARRANGE THAT GUARANTEE I WILL GIVE 40% SHARE IN THAT POULTRY AND 2CRORES GUARANTEE WILL CLEAR CLEAR WIYH IN FOUR YEARS IFF ANY ONE CAN INTEREST PLEASE CAL TO MY MOBILE NUMBERS ARE 09394053183, 09493056556
Dear Sir,
I am a Civil Engg. Graduate of 1992 batch. I have a Plan ro start my own Business in Real Estate business.
Requires a Busines loan of 6 Cr. approx. 4Cr for Equipment and Machinery and rest 2Cr as working capital.
Pls revert if you can support me in this.
Please revert with your present income. U R salaried or doing business if possible email last three months salary slips and any other details about your property as security on nileshk93@yahoo.com
We are finance consultants based in mumbai having contacts all over India Please revert with your present income.if U R salaried 3 months Bank Statement or doing business if possible email last three months salary slips and any other details about your property as security on nileshk93@yahoo.com
Hi All Greetings I am planning to start a small ash fly bricks blockco manufacturing unitI don t have enough money so i contacted the bankthey are asking my business plan. can anybody help/share me how to make a business proposal to a bank to avail a loansample ppt would give more clarity. Thanks & regards Ashok.
Asimananda biswas.v+p-chhora colony.p.s-ausgram.dis-burdwan-w.b-india.#9126624067-asimananda2010@gmail.com
I found this ad on QuikrWe are finance consultants in mumbai We have many proposals for projects like Educational Institute ,Wind mill power project,etc. against security of land.Please revert how we can work on Mutual benefit basis
sir, i am student of b.tech final yr Mech enggineering.I want to start my self busines in real state so I have need of 50 lacs .If you support me, then pls repy.
i m into construction buisness.need loan to expand my project. i m getting lot of orders to construct houses,appartments and all, but it needs investment.i hav payed one yr IT.will i get any buisness loan to build my career?
viji
Pl let me know who is providing Loans for setting up a SMall industry for which investment is needed around 50 lakhs. without any collateral security
hi iam looking loan for 3cr on my propert if any one can do pls contact me…9972458303
hello everone how r u i would like to expane my business in printing industries anybody willing to invest 1.5 crores please contact me 9841564548 good retuns thank u
Dear sir,
I am planning to start multi colour offset printing unit in chennai. I am looking for loan of Rs. 1.5c without any security. If it is possible to arrange, i will send all the project details to you.
waiting for your valuable reply,
G.Kotteswaran
9841564548
hi sir ,i rgently required 5 lac loan for whole sale rice shop in Bangalore,,,,due to shortage of funds the shop is in position to close permanently.but i don’t want to do that its just started newly 6 months ago.i do require 5 lac loan but i don’t have any security or own land documents or guarantor to give you …….please provide me with low interest 5 lac’s loan .please help me please its very much urgent ……]
waiting for the relpy
i can help u out if u contact me my number 9945056369
i want start my new business . i want import some goods from germany . i need 50 lacs loan collateral free . can who avail me .
Mr.Ankur, I want to establish a school do you think that the SBI give us loan? If don't can we do anything.
Comments