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Name of the Bank

Different products Business loans for properties

Features Max. amount 5 crore EMI based term loans Proprietary, partnership and companies functioning for past 3 years. Max. amount 2.5 crore Working capital and term loan both facility Primary and collateral both type of security. Max. amount 1 crore. Meet the requirements of MSE. Working capital and term loan both facility Primary and collateral both type of security. Max. amount 5 crore EMI based term loans Proprietary, partnership and companies functioning for past 3 years. Max. amount is 1 crore Purchase of construction, medical & office equipment Max. amount 50 lacs Meet the requirements of MSE. Working capital and term loan both facility Max. amount 2 crore Max amount 20 crore.

Rate of interest 13.50%-15%

Tenure Advantages 10 years Fast service

Disadvantages High rate of interest

Power Trade

12.50% onwards

3 years

Axis bank Enterprise power

Term loan and working capital loan. No upfront payment. Term loan and working capital loan. No upfront payment. Low security amount.

12%-14%

3 years

Complex in nature. High amount of security need to be provided. Amount to be provided is low.

Mpower-Term Loan:

13%-15%

10 years

Equipment Power

12.50%14.50%

5 years

Low security

High processing fees

Zero collateral loans

13.50% onwards

Low security

Amount to be provided is low. High rate of interest High security

Business Mpower Power rent

13%-15% 12.50%15%

1 year 10 years

Low security Amount to be provided is high

HDFC Bank

Working capital financing Construction equipment finance

Min amount 5 lacs 10.75%-15%

1 year 2 years

Fast Processing Fast Processing

Medical equipment finance

Mortgage backed Term loans

Up to 100% financing Customized EMI structure Up to 80% of invoice value Equipment to be hypothecated to HDFC Bank. Up to, 75% of project cost

10.75%-15%

5 years

10.75%-15%

5 years

State Bank of India

SME collateral free loan

Traders easy loan scheme

Secured by assets being financed. Collateral security may be obtained in certain cases. Max amount 1 crore Working capital and term loan both. TL-13% Max amount 5 CC- 12.75% crore and 65% of project, whichever is lower Working capital and term loan. Max amount 2.5 crore for manufacturer or 1 crore for trade and services.

Cc- 1 year TL- 7 years Cc- 1 year TL- 5years

No third party guarantee Payment can be done as per borrower in terms of period (monthly, quarterly) No penalty on unutilized amount (even if whole amount is unutilized)

Amount to be provided is low

Open term loan

1 year

Repayment tenure is short.

Retail trade

Max amount 5 lacs Primary and collateral security.

Standard State bank chartered of India

ICICI Bank

Overdraft facility up to a maximum 1 Max amount- of crore for term loan 50% of the total sanctionedcapital Working limit. Term loan Maxloan amount crore amount 3.15 depends ranging 1 For business on eligibility. crore to 45 crore Trade services and Max amount 22 working capital Business installment crore Monthly For business ranging loan repayment 1 crore to 110 crore schedule Working capital and Secured loan term loan Max amount 5 Business Max amount 88 lacs crore equipment loans For business nonFunded and ranging 44 lacs to 110 crore. funded products Up to 90%of the equipment. SME petro Credit Business Loans Backed by CGTMSE

Fixed rate7.25% Floating rate7.30%(with interest rates being reset every 2 years) Interest Rate (IBAR + Term Premia (0) + 3.5%) Up to 10 lacs13% 10lacs to 15 lacs12.50% 15lacs to 20 lacs12.25%.

CC- 1 year TL- 7 years 10 years

High security.

3 years

Amount to be funded is Fast high. Processing Fast processing Easy to apply Low collateral equipment Easy accessibilit y Collateral free loan Fast processing Collateral free loan Easy to apply Fast processing

High amount of security. High processing fees. High processing fees

7 years

Standard Chartered

Business installment loans

Loan overdraft against property

Max amount 1 crore Only for manufacturers Max amount 30 lacs. For businesses with turnover ranging 40 lacs to 30 crore. Max amount 5 crore For business ranging 1 crore to 110 crore. Working capital and term loan

11%-16%

4 years

15 years

http://www.smeloanshub.com/loan_interest_rates.php?interest_rate=ICICI%20Bank ICICI bank--- working capital finance interest rate10.50%-16%