Important Financials
Maximum Loan Amount
500000000
Interest Rate
N/A
Interest Type
Floating/Variable
Processing Fees
Processing fees vary by facility: for a Drop-line Overdraft, SBI charges 1% of the sanctioned limit upfront, capped at ₹10 lakh, while for Cash Credit, it is about 0.4% of the loan amount, generally charged annually as per working-capital guidelines.
Estimated Approval Time
Approximately 7–10 working days or longer, depending on document completeness and internal appraisal; exact time is not clearly specified by official sources.
Application Procedure
Application Mode
Through Partner (StartupMandi)
Official Apply Link
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Check Your Loan Eligibility
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How to Apply: Step by Step Process
Steps
Check eligibility and prepare basic KYC, business registration, GST, and financial documents.
Visit the SBI SME/MSME branch or SBI business‑loan portal and select Asset Backed Loan for MSME.
Submit the loan application form, business plan/credit proposal, and all required documents (financials, property deeds, etc.).
Await field visit/inspection and credit appraisal; on approval, sign agreements and get the limit sanctioned (Drop‑line OD or Cash Credit).
Visit the SBI SME/MSME branch or SBI business‑loan portal and select Asset Backed Loan for MSME.
Submit the loan application form, business plan/credit proposal, and all required documents (financials, property deeds, etc.).
Await field visit/inspection and credit appraisal; on approval, sign agreements and get the limit sanctioned (Drop‑line OD or Cash Credit).
Requirement
Eligible Applicant Type
Registered MSME, Large Enterprises
Documents Required
Aadhaar Card, PAN Card, Business Registration, Bank Statement, ITR / Financial Statements, GST Certificate, Business Plan
Additional Important Information
Scheme Type
Working Capital
Repayment Options
Standard EMI-Based Repayment
Repayment Tenure
Explain in 1 or 2 lines if required for better understanding Repayment tenure for Drop‑line Overdraft is 12 months to 240 months, with equated or customized reduction in the limit depending on cash accruals. Cash Credit is typically on‑demand and subject to annual review.
Other Document Required (If any)
Other Documents
Audited balance sheets and profit‑and‑loss statements of the last 2–3 years, as commonly required for SBI MSME asset‑backed proposals.
ITR of promoters and business, along with Asset‑and‑Liability statements of promoters/guarantors.
Title deeds and property documents of the proposed collateral property, plus any third‑party guarantee documents if applicable.
ITR of promoters and business, along with Asset‑and‑Liability statements of promoters/guarantors.
Title deeds and property documents of the proposed collateral property, plus any third‑party guarantee documents if applicable.
About The Provider
Provider Name
State Bank of India (SBI)
Provider Type
Bank
Official Website URL
Provider Contact Email
Provider WhatsApp Number
Requirement Checklists
CIBIL Requirement
Not clearly specified by official sources for this specific ABL product; general SBI SME‑loan practice expects a reasonably good credit profile.
Turnover Requirement
Not clearly specified by official sources
Minimum Business Age
Not clearly specified by official sources
Geographic Restrictions
Available across India via SBI SME channels; no explicit state‑specific restriction mentioned for the national ABL product.
Collateral Required?
Yes
Description of Collateral
Collateral mainly consists of immovable property (compliant under SARFAESI Act) belonging to the borrowing unit, proprietor/partners/directors, or their near relatives, with a typical LTV of 60% of the realizable value of the property.
Other Eligibility Conditions
Conditions
Unit should be eligible under the MSMED Act 2006 (for MSME applicants) with Udyam Registration Certificate (URC) to be obtained as per SBI guidelines.
The borrower must be engaged in manufacturing or services activities, including self‑employed professionals and wholesale/retail traders.
The proposed collateral (immovable property) must be compliant with SARFAESI and acceptable to SBI’s credit appraisal norms.
The borrower must be engaged in manufacturing or services activities, including self‑employed professionals and wholesale/retail traders.
The proposed collateral (immovable property) must be compliant with SARFAESI and acceptable to SBI’s credit appraisal norms.
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Price range: ₹ 499.00 through ₹ 4,999.00
- USD: $ 8.32 - $ 83.32
Sale
Original price was: ₹ 3,999.00.₹ 399.00Current price is: ₹ 399.00.
- USD: $ 6.65
Sale
Sale
Price range: ₹ 44,999.00 through ₹ 294,999.00
- USD: $ 749.98 - $ 4,916.65
About The Scheme In Details
Build your business with secured funding from SBI
SBI Asset Backed Loan is a flexible MSME/SME loan scheme designed for small and medium enterprises that want to fund capacity expansion, modernization, working capital, and fixed‑asset purchases backed by business or real‑estate assets.
Key focus areas:
- Used for current assets and fixed assets, including working‑capital enhancement and net‑working‑capital build‑up.
- Ideal if you own immovable property or other acceptable assets and want to leverage them for business growth.
- SBI offers the facility either as a Drop‑line Overdraft or Cash Credit, giving you flexibility in how you access and repay the loan.
This scheme is suitable for MSMEs, self‑employed professionals, and traders who need a secured, long‑term credit line with a transparent pricing structure linked to EBLR/MCLR.
Key Benefits & Offers
Offers
Large ticket size: loan amounts up to ₹20 crore, with potential ₹50 crore on case‑to‑case basis, suitable for sizable MSME expansion.
Flexible structuring: offered as Drop‑line Overdraft or Cash Credit, allowing repayment linked to cash accruals or on‑demand renewal.
Reasonably priced collateralized credit: interest linked to EBLR/MCLR, typically more competitive than unsecured or NBFC‑based working‑capital loans.
Flexible structuring: offered as Drop‑line Overdraft or Cash Credit, allowing repayment linked to cash accruals or on‑demand renewal.
Reasonably priced collateralized credit: interest linked to EBLR/MCLR, typically more competitive than unsecured or NBFC‑based working‑capital loans.
Testimonials / Success Stories
Testimonials
Not clearly specified by official sources
Target Group (Tags)
Disclaimer from Debt / Loan Provider
Any official terms & conditions link
Disclaimer
Interest rate, LTV, fees, and eligibility are subject to SBI’s prevailing policies, internal credit appraisal, and RBI guidelines and may vary by location, business type, and borrower profile. Users must read the official SBI Asset Backed Loan terms and conditions before applying.
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Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
₹ 999.00 / year
Sale!
- Select options This product has multiple variants. The options may be chosen on the product page
Price range: ₹ 499.00 through ₹ 4,999.00
- USD: $ 8.32 - $ 83.32
Sale!
Original price was: ₹ 3,999.00.₹ 399.00Current price is: ₹ 399.00.
- USD: $ 6.65
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
₹ 4,999.00 / month
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
Sale!
- Select options This product has multiple variants. The options may be chosen on the product page
Price range: ₹ 44,999.00 through ₹ 294,999.00
- USD: $ 749.98 - $ 4,916.65
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
₹ 6,999.00 / month
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
₹ 5,999.00 / month
Sale!
- Subscribe Now This product has multiple variants. The options may be chosen on the product page
₹ 4,999.00 / month
Sale!
Original price was: ₹ 49,999.00.₹ 29,999.00Current price is: ₹ 29,999.00.
- USD: $ 499.98
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Disclaimer: StartupMandi is an independent professional service platform and is not a bank, NBFC, financial institution, or government authority. We are not affiliated with, endorsed by, or officially connected to the respective lender or scheme provider. We do not provide loans directly. Our role is limited to sharing publicly available information and offering optional assistance services. All scheme details, images, documents, and information are sourced from official websites, public announcements, and publicly available resources. Applicants are advised to verify all information directly with the respective financial institution before applying.
