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.
Features:
- 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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