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SBL Babbosha Shommriddhi (Secured-above BDT 5.00 Lac)


"SBL Babbosha Shommriddhi" is SME loan facility with Collateral to augment capital base for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use.
  • Key Features
      1. Loan facility for business expansion, purchase of new business space or expansion of existing outlets and capital machineries and also to purchase light or heavy vehicles for business use.
      2. Facility Type – Term Loan/ Continuous Loan
      3. Loan Ceiling – 70% of total cash requirement [100% in case of cash collateral (FDR)/enchashable instrument]
      4. Loan Tenure – Maximum 36 months for Term Loan and grace period may be allowed maximum 6 months; Maximum 36 months for Continuous Loan .
      5. Nominal Interest Rate.
  • Eligibility
      1. Age: At least 21 years.
      2. Any Small and Medium sector enterprise (Proprietorship/ Partnership/ Private Limited company) having the experience of successfully managing the business for at least 2 (two) years may apply for the loan.
      Required Documents:
      1. Valid trade license.
      2. Special license/permission (if applicable) for business operation.
      3. Notarized partnership deed/registered by Sub Register Officer (in case of partnership).
      4. Memorandum and Articles of Association in case of Limited Company.
      5. Passport/National voter ID/ward commissioner/UP chairman certificate of the Proprietor/Partner/Directors.
      6. Photo of the proprietor/Partners and guarantors.
      7. Statement of all active bank loans (if any).
      8. Last 12 months bank statement of transactional account.
  • Security Arrangement
      • Primary Security:
      1. Hypothecation of machineries, equipment, vehicles, inventories.
      2. Personal guarantee of Proprietor/Partner/Directors and their spouse.
      3. 02(two) 3rd party Guarantors whose Net Worth must not be less than the proposed Loan amount/Loan limit.
      4. Lien of cash collateral (FDR) and other encashable financial instrument (in any)
  • Collateral
      1. Registered mortgage of property/ownership of the space/possession right purchased in Bank’s name.
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