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

1. Application form in the Bank’s format.

2. a) . For a partnership concern:

i. Partnership Deed

Partnership Letter signed by all the partners in the Bank’s format.

b) For a sole proprietary concern, sole proprietorship declaration form in the

Bank’s format.

3. Copies of income tax returns filed.

4. Copy of Trade Registration Certificate, if any.

5. 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

1. Proforma invoice in respect of the item proposed to be purchased.

2. Driving license ( if self driven) or an undertaking to employ a licensed driver.

Where Mortgage of Properties is offered

1. Original title deeds of properties to be mortgaged .

2. Latest tax receipt.

3. Encumbrance Certificate for the last 15 completed years from the Sub Registry.

4. Title Clear Certificate from the Bank’s approved advocate.

5. Valuation report from the Bank’s approved valuator.

Vyapar Suvidha Loan (Mortgage Loan for Trade and Service Sector

Application Form

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

Purpose

To provide low interest and hassle free credit facility for normal working capital/term loan requirements of Retail/Wholesale Traders, Small Business Enterprises and Professional & Self Employed Professionals.

Nature of facility

Cash Credit/ Term Loan.

Eligibility

i. Existing customers as well as new connections including takeovers

ii. First generation entrepreneurs as well as promoters of existing units for the purpose of setting up new units.

iii. The following categories of borrowers will be covered:

a) Retail / Whole sale Traders and Small Business Enterprises

Individuals and firms engaged in retail/wholesale trading, super markets,

and dealers of groceries, consumer durables, cooperative stores etc.

b) Small Business enterprises:

Individuals and firms engaged in providing any service, including high v olume retailers/wholesale traders, supermarkets, malls etc.

c)Professionals & Self employed:

Persons technically qualified for skilled in the field in which he is employed

which includes Medical practitioners, Chartered Accountants, Cost

accountants, Practicing Company Secretaries, Lawyers, Engineers,

Architects, Surveyors, Construction Contractors, Management

Consultants etc.

(Units belonging to the services sector (viz. education, healthcare, tourism, transport etc) will not be financed under the scheme)

Quantum of loan

20% of the projected turnover or 65% of the realizable value of the property whichever is less.

Minimum - Rs. 25000/-

Maximum – Rs 5.00 Crores

Rate of Interest

Cash Credit: 0.50% below SBTPLR, current rate being 11.75% p.a.

Term Loan: SBTPLR, current rate being 12.25% p.a.

Period of Loan

Maximum repayment period for Term Loan – 60 months

Stock Statement

Stock statement to be submitted at the time of execution of documents, and thereafter at quarterly intervals – as at the end of February, May, August and November.

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).

Flexi loan for traders: General-purpose term loan for traders

Application Form

Nature of facility: Term Loan

Eligibility: Established traders as well as new ventures started by established business concerns. Should have earned pretax profits in the previous year.

Purpose: For holding of stocks/debts, acquisition of land and building, construction/renovation/ upgradation of Office buildings/showrooms/godowns etc. purchase of equipments, furniture, vehicles etc., shoring up of Net Working Capital, repayment of long term deposits/advances, repayment to suppliers etc.

Quantum of loan: For Traders under C&I – Rs.3 lac to Rs.200 lac

Repayment: In monthly/quarterly installments within 3 to 5 years.

Pre-payment

For loans above 3 years if closed before completion of 3 years @2% of outstanding.

Rate of Interest

For loan amounts up to Rs.25 lakhs

Upto 3 years – SBTPLR (effective rate 12.25%)

Above 3 years- As applicable to SBT1 rated borrowers (effective rate 13.00%)

For loan amounts above Rs.25 lakhs

Interest as per CRAS rating of the customer ranging from 13.50% 14.50%

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:

Tangible collateral security worth 50% to 25% of the advance (Minimum Rs.25 lakhs) of the limit subject to conditions.

Pharma Plus Scheme

A Credit Facility for Wholesale/Retail pharmaceutical dealers and reputed medical stores in allopathic medicines and drugs

Purpose

To provide working capital finance to wholesale/retail pharmaceutical dealers against hypothecation of stock/receivables.

Eligibility

Wholesale/Retail Pharmaceutical dealers in allopathic medicines and drugs of repute, both existing as well as new units. The existing/new unit should be profit making/projected to make profits. The applicant should be a member of “All Kerala Chemists & Druggists Association” or any similar organization, if outside the state of Kerala. The unit must deal in products of well reputed pharma companies

Facility

Fund based: Cash Credit / Bills Purchase

Non-fund based: Bank guarantee/Letter of Credit

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

Minimum Rs.2 lacs

Maximum Rs.200 lacs

Margin

Stocks: 25%

Receivables: 50%

Bank guarantee: 25%

Security

Primary

Hypothecation of paid stocks/receivables

Collateral

Security of landed property, NSC, LIC policy or similar life policies and TD/STD with value at least 100% of the limit.

Rate of Interest

0.50% below SBTPLR – present effective rate 11.75% p.a.

Other Charges

Processing charges : Upto Rs.1 crore – Rs.500/lac and above that Rs.400/lac

Other charges like LSC Bills etc. at highly competitive rates.

Home Appliances Dealers Plus

SCHEME FOR FINANCING WHOLESALE/RETIAL DEALERS IN HOME APPLIANCES:

Purpose

To provide working capital finance to wholesale as well as retail dealers in home appliances products against hypothecation of stock/receivables.

Eligibility

Reputed wholesale as well as retail dealers in Home appliances products, both existing as well as new units. The existing/new unit should be profit making/ projected to make profits. The Minimum rating as per CRAS should be SBT3

Facility

Fund based: Cash Credit / Bills Purchase

Non-fund based: Bank guarantee/Letter of Credit

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

Minimum Rs.2 lacs

Maximum Rs.500 lacs

Margin

Stocks: 25%

Receivables: 50%

Bank guarantee: 25%

Security

Primary

Hypothecation of paid stocks/receivables

Collateral

Security with value at least 100% of the limit, of which tangible security to be not less than 50%

Rate of Interest: 1.00% below SBTPLR – present effective rate 11.25% p.a.

Processing fee : Upto Rs.1 crore – Rs.500/lac and above that Rs.400/lac

(50% concessions in processing charges for yearly renewal of accounts subject to fulfillment of specified conditions.)

Other Charges

Demand Drafts : Rs.1/1000 minimum Rs.25

Other charges like LSC Bills etc. at highly competitive rates.

Distributor’s Plus Scheme

SCHEME FOR FINANCING WHOLESALE DISTRIBUTORS OF GOODS & OTHER PRODUCTS

Eligibility

Wholesale distributors in various consumer products, electrical goods, pump sets, paints, cement, steel, tiles etc. of reputed companies or any other item for distribution.

Facility

Cash Credit/Over Draft (Working Capital)

Quantum of loan

Minimum Rs. 10 lacs

Maximum Rs. 200 lacs

Security (Collateral)

Tangible Security with realizable value (Valued by approved valuer) to cover at least 100% of the limit and Personal guarantee of Promoters/Directors/Partners/ Owner of property.

Rate of Interest : 1.00% below SBTPLR, present effective rate 11.25 % p.a.

Processing fee : Upto Rs.1 crore – Rs.500/lac and above that Rs.400/lac

(50% concessions in processing charges for yearly renewal of accounts subject to fulfillment of specified conditions.

Demand Drafts : Rs.1/1000 minimum Rs.25

Other charges like LSC Bills etc. at highly competitive rate

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

ü Shoring up of Net Working Capital (NWC)

ü On going capital expenditure such as replacement of parts of machineries, upgradation, renovation etc.

ü Repayment of high cost debts

ü Research and development expenditure

ü Implementing Voluntary Retirement Scheme in the company

ü To meet temporary cash flow mismatches.

Period of loan

Generally not to exceed 3 years.

Rate of Interest

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

Quantum of finance

1. No cap for corporate borrowers.

2. For non-corporate borrowers

Minimum Rs.25 lakhs

Maximum Rs.10 Crores

Rent Plus Scheme

(Scheme for financing against rent receivables)

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/private tenants

Facility: Term Loan

Repayment period

Maximum 7 years or the residual lease period, whichever is less.

Amount of loan

Minimum Rs.50, 000/-

Maximum Rs.10 crore

60% of [total rent receivable for the residual lease period or loan period whichever is lower minus total of advance deposit, estimated amount of property tax, service tax, TDS and other statutory dues for the period]

Rate of Interest

For loans upto 3 years-0.25% above SBTPLR, effective rate 12.50% p.a.

Above 3 years upto 7 years-0.50% above SBTPLR effective rate 12.75% p.a. Above 7 years upto 10 years-0.75% above SBTPLR effective rate 13.00% p.a.

Security

Primary

Assignment of rent receivables

Collateral

a) Equitable Mortgage on building against the rentals of which the loan would be sanctioned or any other acceptable property of similar value. The realizable value of the property to be mortgaged should be at least 166.60% of the amount of loan.

b) Personal guarantee of the partners/directors/others as the case may be.

Processing fee

For limits upto Rs.5 crore - 1.25% of the loan amount

For limit above Rs.5 crore to Rs.10 crore - 1.50% of the loan amount.

Scheme for Financing Contractors

Eligibility

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

Facility

Cash Credit(Hypothecation)/ Clean OD. (Available at authorised branches listed below)

Quantum of loan : Need based.

Margin

40% for advances upto Rs.50 lacs

25% for advances above Rs.50 lacs

Rate of interest: SBTPLR, minimum 11% p.a.

Security :

Primary : Hypothecation of stocks of materials/receivables.

Collateral

Tangible collateral security worth at least 100% of the advance amount for advances upto Rs.50 lakhs and for advances above Rs.50 lakhs minimum tangible collateral security worth at least 50% of the advance amount (Minimum Rs.50 lakhs). Additionally, personal guarantee of promoters/ directors of companies/partners of partnership firms/depositors of title deeds in all cases.

Other Requirements

A power of attorney in favour of the bank to collect the proceeds of the contractor’s bills is to be executed by the borrower.

Processing fee

Upto Rs.1 crore – Rs.500/lac and above that Rs.400/lac

List of authorized branches:

TRIVANDRUM ZONE

Trivandrum Main	Vellayambalam	Jagathy	Santhinagar
Vattiyoorkkavu	Puthenchanthai	Medical College TVM	Vikas Bhavan
Pettah	Kilimanoor	Varkala	Kadakkavoor
Attingal	Kallambalam	Kottarakkara Main	Pulamon Jn.
Punalur	Pathanapuram	Anchal	Kundara
Nedumangad	Nalanchira	Poovachal	Kattakkada
Parassala	Kazhakoottom	Neyyattinkara	Pappanamcode
Seekaryam	Balaramapuram	Chathanoor	Kollam Main
Anandavalleswaram	Oachira	Sakthikulangara	Kottiyam
Kollam Beach road	Chavara Main	Karunagappally	Parippally
Vamanapuram

KOTTAYAM ZONE

Kottayam Main	Kanjikuzhy	Chingavanam	Kodimatha
Kottayam C.S	Kottayam CMS,College	Puthuppally	Pariyaram
Manarcaud	Kumarakom	Changanassery Main	SB College Changanassery
Erattupetta	Kanjirappally	Karukachal	Mundkayam
Paipad	Pampady	Ponkunnam	Kaduthuruthy
Thalayolaparambu	Ettumanoor	Palai	Vaikom
Pathanamthitta	Mallappally	Ranni	Konni
MGMHS Thiruvalla	Kumbanad	Kozhencherry	Adoor
Thiruvalla Main	Pandalam	Kuttapuzha	Kattodu
Othera

ERNAKULAM ZONE

Edappally	M.G.Road EKM	Vyttila	Kaloor
North Parur	Kochi	Palarivattom	Tripunithura
Perumanoor	Udyogamandal	Alwaye	Ambalamugal
Chelad	Kolencherry	MOSCMMH,Kolencherry	Kothamangalam
Mulanthuruthy	Muvattupuzha	Odakkali	Perumbavoor
Thiruvankulam	Piravom	Alleppey	Haripad
Cherthala	Edathua	Karthikappally	SSI Alleppey
Ambalapuzha	Pazhaveedu	Ramankary	Vadaicanal
Charumood	Kayamkulam	Mannar	Mavelikkara
Mavelikkara ADB	Venmony	Anavilasom	Thookkupalam
Edathala	Thodupuzha	Vandiperiyar	Muttom
Kumily	Adimali	Karimkunnam	Karimanoor
Moolamattom	Idukki

KOZHIKKODE ZONE:

Irinjalakkuda	Kunnankulam	Wadakkanchery	Thrissur Main
Chavakkad	Koorkancherry	Chalakkudy	Vadakara
Kozhikkode Main	Mankavu	Feroke	Kunnamangalam
Kalpetta	Mavoor road	Mananthavady	Sultan Bathery
Perinthalmanna	Tirurangadi	Malappuram	Tirur
Ponnani	Kasargod	Payyannur	Taliparamba
Kannur	Mattannur	Thalasserry	Pattambi
Ottappalam	Palakkad	Chittur	Vadakkenchery
Alathur	Hosdurg	Manjeri

CHENNAI ZONE:

Karolbagh N.D.	Chennai Main	Coimbatore	Annanagar (W)
Annanagar (E)	Mount road CHN	Rohini Complex N.D.	Sarojini nagar N.D.
Indore	Noida	Vashi Mumbai	Nagpur
Surat	Baroda	Kandivili (W)	Hyderabad
Secunderabad	Visakhapatnam	Bangalore City	Pondicherry
Salem	Kollemkode	Thiruvattar

Financing Fleet Operators

Application Form

Eligible customers

Profit making Corporate/Non-corporate owners of fleet of trucks/tankers/ trailers/ tippers/luxury buses (surface transport operators) owning more than 10 well-maintained vehicles (including the proposed), holding valid route permits and whose registered/ administrative office situated in metro/ urban/semi urban centers, subject to other criteria for the scheme.

Facility

Term Loan and Cash Credit.(Available at authorized branches listed below)

Repayment

Term loan: Maximum 5 years in EMIs.

Cash Credit: Repayable on demand, renewal every year.

Quantum of Loan

Corporates

Term Loan - Minimum Rs.15 lac maximum Rs.7.50 crore

Cash Credit- Minimum Rs.10 lac maximum Rs.10 crore

(Overall Fund Based limit Rs.10 crore)

Non-Corporates

Term Loan - Minimum Rs.15 lac maximum Rs.4.00 crore

Cash Credit- Minimum Rs.10 lac maximum Rs.7.50 crore

(Overall Fund Based limit Rs.7.50 crore)

Margin: For Term Loan - 10% to 50% and for Cash Credit – 20%

Rate of Interest

For both Term Loan and Cash Credit – 1.00% below SBTPLR present rate 11.25% p.a.

Security

Primary: Hypothecation of vehicles financed and book debts

Collateral : Collateral security of all the existing unencumbered vehicles and equitable mortgage of land and building for the required coverage. Personal guarantee of promoters and 2 third-party guarantee also to be given.

List of branches designated for extending the scheme –Financing Fleet Operators-

Trivandrum Zone

Trivandrum Main

Varkala

Kollam Main

Kottayam Zone

Kottayam Main	Kumarakom	Changanasserry Main
Pandalam	Thiruvalla Main

Ernakulam Zone:

Angamally	M.G.Road, Ernakulam	IFB Ernakulam
Aluva	Thodupzha	Muvattupuzha
Alappuzha Main	Chengannur

Kozhikkode Zone

Chalakkudy	Irinjalakuda	Thrissur Main
Kodungallur	Kozhikkode Main	Malappuram Main
Perinthalmanna	Palakkad Main	Kannur Main
Thalasserry

Chennai Zone

CFB Mumbai	Mumbai Main	Kolkata Main
Comm. Br. New Delhi	Karol Bagh, New Delhi	Comm. Br. Chennai
Chennai Main Br.	IFB Bangalore	Bangalore City
Ahemedabad	Indore	Hyderabad
Jaipur	Nagpur	Kanpur
Lucknow	Pune	Bhopal
Bhuvaneswar	Pondicherry	Coimbatore Main
R.S.Puram Coimbatore	Tiruchirappally	Madurai Main
Mysore	Mangalore	Secunderabad
Tirupathy	Visakhapatnam	Vijayawada
Nagarcoil Main

SBT OIL PLUS SCHEME

Application Form

Scheme for financing Petroleum dealers/LPG Distributors of Major Public Sector Oil Companies

Nature of facility : Term loan and Working Capital

Eligibility

All Petrol Pump dealers/LPG Distributors having a valid licence / dealership of the PSUs viz. Indian Oil Corpn., Bharat Petroleum Corpn., Hindustan Petroleum Corpn. Etc

Quantum of finance

Term Loan – Maximum Rs.1.00 crore

Cash Credit- Need based.

Margin

Term Loan - 25% and CC (Hypothecation) - 25%

Repayment

Term Loan- Maximum in 78 EMIs with 6 months start up period

Cash Credit - On demand.

Rate of Interest

Term Loan:1.00% below SBTPLR, minimum 10% p.a.

CC (Hyp.):1.50% below SBTPLR, minimum 9.50% p.a.

Security

a) Primary

Term Loan : Mortgage of land and Hypothecation of assets created out of Bank finance.

Cash Credit (Hyp) : Hypothecation of stocks/other assets

b) Collateral/Guarantee

Term Loan: Tangible collateral security valued at least 100% of the loan amount.

Cash Credit (Hyp): The realisable value of Tangible collateral security, in the form of equitable mortgage of properties valued at least 125% of the loan amount.

Personal guarantee of promoters (Dealer). Third party guarantee, wherever required

Processing charges

Term Loan – 1.25% of loan amount.

Cash Credit – Rs.500/lac to Rs.400/lac

For more details please contact your nearest branch or Chief Manager, C&I Business Dept., Head Office, Poojapura, Tthiruvananthapuram (Ph: 0471 2353650, email: cmci@sbt.co.in)