MSME Sellers Invoice Financing, MSME Sahaj MSME Sahaj
An unsecured SBI loan against a single GST invoice, for sole proprietor MSMEs banking with SBI, to free up cash stuck in unpaid bills from business buyers.
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- Cost to apply
- No processing fee
- Status
- Open
- Run by
- State Bank of India
What you get
- 85% of each invoice is financed, with a 15% margin
- Up to ₹10 lakh in total per unit, across any number of invoices
- No collateral, the loan is against the invoice
- Repaid in one go on the invoice due date, with a cover period of 90 days
- No processing fee
- Documents are signed digitally
Who can apply
- Businesses that are already running.
- Micro and small enterprises.
- The most on offer is ₹10 lakh.
- Udyam registration is needed. It is free.
- Sole proprietorship only
- Existing SBI current account holder
- No working capital limit from any bank
- GST turnover up to ₹5 crore, with only one GST registration
- At least 25% of GST sales must pass through the SBI account
- Domestic business-to-business GST invoice of ₹50,000 to ₹1 lakh, not older than 10 days
Where to apply
In person, your SBI branch
In Kerala, for sole proprietors in Kerala who already hold an SBI current account
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 Seen something out of date?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.