Digital Loans up to ₹5 crore, Loans under Contactless Lending Platform SBI contactless lending
SBI's online route for MSME working capital and term loans of up to ₹5 crore, applied for on its contactless lending platform.
Last updated on
- Status
- Open
- Run by
- State Bank of India
What you get
- Cash credit and term loan up to ₹5 crore
- For working capital and buying fixed assets
- Term loans up to 10 years, cash credit renewed every year
- Borrower's own contribution up to 20%
- Covered by the CGTMSE or CGFMU guarantee, or eligible collateral, with the borrower paying the guarantee fee
Who can apply
- Micro, small and medium enterprises.
- The most on offer is ₹5 crore.
How to apply
- Use the Apply Now link on SBI's Digital Loans page, which goes to https://www.sbiloansin59minutes.com/apply
In person, nearest SBI branch
In Kerala, online through SBI's contactless lending platform at sbiloansin59minutes.com
Figures you may see elsewhere
SBI's Digital Loans page lists this as loans above ₹10 lakh to ₹5 crore, while the product page says up to ₹5 crore with no minimum
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.