Friday, April 8, 2016

SBI launches new branch for e-commerce loans

Country’s largest lender launches SBI ESmart SME to offer E-Commerce startups, this is the first of its kind.
  • The Bank has decided to cater exclusively to offer loans to E commerce startups and will have dedicated branch, also joined hands with E commerce majorSnapdeal.
  • With this sellers can apply loan on the E commerce platform as well as exclusive branches where it will be sanctioned instantly.
  • This product uses proprietary data and surrogates information from Public Domain to access the Creditworthiness for the loan approval.
  • Quick Sanction with KYC documents.
  • Collateral free loan up to Rs. 10 Lakhs under MUDRA
  • Processing fee of 0.399%
  • Women Entrepreneurs will have concession of 25%.

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