Corporate Schemes

General Scheme For Financing Trade And Services

  • Nature of Facility

    Both fund based and Non fund based for Working Capital and for Capital Investment.

  • Eligible Customers

    All existing and new Trading Firms and Companies.

  • Quantum of finance

    According to requirements without any ceiling.

  • Margin

    Goods -- 25% Receivable(Bills) -- 25% Book Debts -- 50% Term Loans -- 25% to 30% LC and Guarantees -- 25% to 30%

  • Rate of Interest

    5.25% above Base Rate to 8.50% above Base Rate according to credit rating. Credit Rating according to Firm's \Company's consistency in profit earning, availability of adequate networking capital , TOL\TNW 1:5, regular submission of audited financial statements and Stock statements as applicable.

  • Security

    I) Primary - Hypothecation of assets (II) Collateral Security For limits upto Rs.25 lakhs: Mortgage of property covering atleast 100% of the loan proposed (both fund based and non fund Based). For limits above Rs.25 lakhs: At least 50% ( Minimum value Rs.25 Lakhs). In respect of advances to be taken over from other Banks, collateral security to the full extent of the limit proposed is required.

  • Documents/details to be submitted by the Applicants

    • FOR WORKING CAPITAL
      • Application form in the Bank's format.
        • For a partnership concern
          • Partnership Deed
          • Partnership Letter signed by all the partners in the Bank's format.
        • For a sole proprietary concern, sole proprietorship declaration form in the Bank's format.
      • Copies of income tax returns filed.
      • Copy of Trade Registration Certificate, if any.
      • Audited Financial Statements for limits above Rs.10 lakhs.
    • FOR TERM LOANS

      (For purchase of three\four wheeler, delivery van\pick up van, freezers etc.) In addition to all the above

      • Proforma invoice in respect of the item proposed to be purchased.
      • Driving license ( if self driven) or an undertaking to employ a licensed driver.

      Where Mortgage of Properties is offered

      • Original title deeds of properties to be mortgaged .
      • Latest tax receipt
      • Encumbrance Certificate for the last 15 completed years from the Sub Registry
      • Title Clear Certificate from the Bank's approved advocate
      • Valuation report from the Bank's approved valuator

Vyapar Suvidha

Hassle free Working capital/Term Loan finance at attractive interest rates against mortgage of properties.

  • Purpose

    Loan for normal working capital requirements and for acquiring machinery or other fixed assets required for the business activity.

  • Eligibility

    Existing and new customers engaged in various business activities under the following categories:

    • Retail traders/ Wholesale traders
    • Professionals and Self employed
    • Small business enterprises

    Units belonging to the services sector like education, healthcare, tourism, transport etc. are not eligible for loan

  • Nature of facility

    Cash Credit and Term Loan

  • Quantum of loan (Fund based + Non-fund based)

    • Minimum Rs.25,000/-
    • Maximum Rs.5 Crore.
  • Security

    • Primary

      Hypothecation of stocks and receivables.

    • Collateral

      Tangible collateral security of minimum realizable value of 154% of loan in the form of equitable mortgage of land & building (Agricultural property or open land outside city/town limits will not be accepted as collateral security).

  • Rate of Interest

    • Cash Credit – 14.25% p.a.
    • Term Loan - 14.75% p.a.
  • Processing Fee

    • Cash Credit:

      As applicable to working capital limits

    • Term Loan:

      As applicable to Term loan limits.

Flexi Loan For Traders: General-Purpose Term Loan For Traders

  • Purpose

    General purpose Term Loan for Trade and Services sector customers.

  • Eligibility

    • General purpose Term Loan facility for business concerns.
    • Easy loan facility for profit making concerns for any urgent business needs.

    Interest rate for loans above Rs.25 lac is based on the internal credit rating based on various performance and other parameters.

  • Facility

    Term Loan

  • Quantum of loan(Fund based + Non-fund based)

    For C&I – Rs.3 lac to Rs.200 lac

  • Margin

    25%

  • Security

     

    • Primary

      Hypothecation of assets

    • Collateral:

      Loan amounts up to Rs.25 lakhs: Immovable properties/other tangible assets for a minimum of 100% of the loan amount, personal guarantee of partners/promoters.

      For loan amounts above Rs.25 lakhs:Generally to give tangible collateral security worth 50% of the loan amount, minimum Rs.25 lac.

  • Rate of Interest

    • For loan amounts up to Rs.25 lakhs
      • Upto 3 years –14.75%p.a
        Above 3 years- 16.00% p.a
    • For loan amounts above Rs.25 lakhs
      • Interest as per CRAS rating of the customer.  
  • Processing fee

    1.20% of the limit, inclusive of service tax.

SBT Short Term Corporate Loan To Corporate & Non-Corporate Customers

  • Eligibility

    Existing as well as new corporate customers and non-corporate customers of C&I (Mfg.) and SSI segments. Request from non-customers can be considered on a selective basis subject to their compliance with take over norms

  • Purpose

    The loan may be considered for any genuine commercial purpose in line with the regular business activity of the customer like

    • Shoring up of Net Working Capital (NWC)
    • On going capital expenditure such as replacement of parts of machineries, upgradation, renovation etc.
    • Repayment of high cost debts
    • Research and development expenditure
    • Implementing Voluntary Retirement Scheme in the company
    • To meet temporary cash flow mismatches.
  • Period of loan

    Generally not to exceed 3 years.

  • Rate of Interest

    Pricing will be linked to Base Rate with a spread based on the Risk Rating

  • Quantum of finance

    • No cap for corporate borrowers.
    • For non-corporate borrowers
      • Minimum Rs.25 lakhs
      • Maximum Rs.10 Crores

Rent Plus – Scheme For Financing Against Rent Receivables

  • Purpose

    To meet borrower's liquidity mismatch. Proceeds of loan amount not to be used for any speculative purposes, including speculation on real estate and capital markets.

  • Eligibility

    Owners of residential buildings and commercial properties in rural/semi-urban/urban/ metro areas, which are to be rented or already rented to MNCs/ Banks/ Large and medium size corporates.

  • Facility

    Term Loan

  • Quantum of loan (Fund based + Non-fund based)

    • Minimum Rs.50,000/-
    • Maximum Rs.10 crore
  • Margin

    25%

  • Security

    • Primary: Assignment of receivables and recording of power of attorney with the lessee is a must.
    • Collateral: Equitable Mortgage on building against the rentals of which the loan would be sanctioned or any other acceptable property of similar value except agricultural land/ property. The realizable value of the property to be mortgaged should be at least 135.00% of the amount of loan.
  • Rate of Interest

    • For loans up to 3 yrs BR+ 2.50%
    • For loans above 3 years to 7 yrs. – BR+2.75%
    • For loans above 7 years to 10 yrs. – BR+3.00%.
  • Processing fee

    Normal charges, as applicable to term loans plus service taxes. The charges for valuation of the property are to be borne by the applicant and should be recovered immediately.

Scheme For Financing Contractors

  • Purpose

    To provide working capital for execution of confirmed contract works to licensed contractors.

  • Eligibility

    Approved contractors (having current license) of Public works Department/ Railways etc

  • Facility

    Cash Credit and Clean Overdraft

  • Quantum of loan(Fund based + Non-fund based)

    Based on the contract amount and need based.

  • Margin

    • 40%
  • Security

    • Primary:Hypothecation of fully paid stocks, materials & receivables
    • Collateral:
      • Tangible collateral security worth at least 100% of the advance amount for advances Upto Rs.50 lac.
      • For advances above Rs.50 lac, that tangible collateral security worth at least 50% of the advance amount (Minimum Rs.50 lac).
      • Personal guarantee of promoters/ directors of companies/partners of partnership firms/depositors of title deeds.
  • Rate of interest

    Cash Credit – 14.75% p.a.

  • Processing fee

    As applicable to MSME / C&I Borrowers

Stand By Line Of Credit

  • Purpose

    To meet essential/contingent financial requirements for the domestic operations as well as exports of C&I and SSI units

  • Eligibility

    For borrowers with working capital limit for Rs.20 lac and above. Facility can be availed 3 times a year for a period of 2 months at a time.

  • Facility

    Temporary Over Draft

  • Quantum of loan (Fund based + Non-fund based)

    15% of the working capital facilities (Fund based + Non-fund based) Maximum Rs.5 crore.

  • Security

    • Primary:

      Hypothecation of stocks and receivables given to regular limits.

    • Collateral:

      Same security offered to other regular loan facilities.

  • Rate of Interest

    1% over the rate of regular working capital facilities will be applicable on fund based credit facility under SLC (SLC availed as non-fund based facility shall attract normal rate of commission).

  • Processing Fee

    No processing charge for SLC

Advance against Government Receivables for Contractors

  • Name of the Scheme

    Advance against Receivables (Government Payments) to Contractors.

  • Nature of facility

    OD against Receivables(Government Contractors)
    PRODUCT CODES
    SBF -6024 5106
    C&I -6044 5103
    (Accounts should be opened as Large enterprises (C&I) when the investment in equipments exceeds Rs.5 crore or Bank loan to the borrower is above Rs. 10 crores)

  • Eligible Customers

    a) Contractors already enjoying working capital limit from us and whose payment is pending with Government of Kerala.

  • Purpose

    To meet borrowers liquidity mismatch by financing bills backed by Promissory Note issued by Government of Kerala.

  • Quantum of Loan-

    Need based - Fix the Limit depending upon bill amount to be received from the Government of Kerala for the next 3 / 4 months plus 25 % / 50 %of the interest thereon.

    The interest amount recovered to be credited to BGL OD interest account C & I / SBF accordingly.

    • 97876- C&I
    • 97878- SBF
  • Rate of Interest

    Base rate PLUS 0.35% - effective rate 10.50%

  • Margin

    NIL

  • Period

    Period of Overdraft account will be for 1 year which can be renewed if necessary.

  • Repayment

    Each bill to be settled on due date as mentioned in Promissory Note – as per Government order.

  • Security

    • Hypothecation of Receivables on contract works of government of Kerala as confirmed in the Promissory Note.
    • No Collateral security is required as the Government of Kerala is issuing Promissory Note against payment.
    • Personal Guarantee of Directors/Partners.
  • Credit rating

    Not required as Promissory Note from Government of Kerala is available.

  • Processing Fee

    0.50% of Bill amount – to be recovered upfront manually.

  • Sanctioning Authority

    The limit can be considered outside Assessed Bank Finance (ABF) and treated on par with Bill discounted against LCs of first class Banks.

  • Documentation

    • SF1 suitably modified - Annexure IV
    • SF2 Guarantee agreement– (wherever applicable)
  • Variations

    • Rate of Interest:Discretion to allow concession is vested with the Sanctioning authority not less than HOCC II.
    • Processing fee:Discretion to allow concession will be governed by the instructions of the OPD/ORG from time to time.
For more details please contact your nearest branch or Chief Manager, C&I Business Dept., Head Office, Poojapura, Thiruvananthapuram (Ph: 0471 2353650, email: cmci@sbt.co.in)

 

 

Corporate Internet Banking Products

Saral

CINB SARAL is a simplified version of Corporate Internet Banking ideal for Single user entrepreneurs consisting of sole proprietorship concerns, micro enterprise, individual businessmen having non individual account at our branches.

Khata

  • View only facility for single User
  • Multiple accounts with the same Non-Personal CIF can be linked.

Khata Plus

  • Supports Multiple User
  • Registered through Internet Banking Branch administrative site

Vyapaar

  • Multiple user option
  • Funds transfer facility to other Banks via RTGS / NEFT / GRPT

Vistaar

  • Full fledged Corporate Internet Banking facility
  • Funds transfer facility to other Banks via RTGS / NEFT / GRPT