Public Sector Bank (PSU)Term Loan (Capex / Expansion)Small Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

SBI SME Smart Score (Score-Based Evaluation)

Primary Lending Institution:State Bank of India (SBI)

₹25 Lakh to ₹5 Crore MSME credit at 8.75% – 10.25% with Up to 7 years tenure.

Interest Rate8.75% – 10.25%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹25 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityThis loan requires a minimum operational vintage of 2 years and minimum score of 60% on SBI's internal scoring model.

What's Missing: Crucial Fine-Print & Exclusion Gaps

This loan requires a minimum operational vintage of 2 years and minimum score of 60% on SBI's internal scoring model.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is SBI SME Smart Score (Score-Based Evaluation)?

Score-based credit evaluation model for manufacturing and service MSMEs assessing operational parameters without prolonged balance sheet underwriting.

Key Benefits & Features

Simplified credit scoring matrix; fast-track sanction; composite term loan and working capital; competitive repo-linked rates.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Manufacturing, service, and trading units with minimum 2 years profitable operations and clean CIBIL.

Business Vintage2+ Years in Operation

Min. Annual Turnover₹50.0 Lakh

Processing Fee0.50% (Max ₹50,000) + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://sbi.co.in/web/business/sme/sme-loans/sme-smart-score with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for SBI SME Smart Score (Score-Based Evaluation)?

Borrowers can avail ₹25 Lakh to ₹5 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for SBI SME Smart Score (Score-Based Evaluation)?

The processing fee is 0.50% (Max ₹50,000) + GST. Collateral terms: This loan requires a minimum operational vintage of 2 years and minimum score of 60% on SBI's internal scoring model.

What are the eligibility criteria for SBI SME Smart Score (Score-Based Evaluation)?

Manufacturing, service, and trading units with minimum 2 years profitable operations and clean CIBIL. Minimum business vintage required is 2 year(s).

How can an applicant apply for SBI SME Smart Score (Score-Based Evaluation)?

Apply online at https://sbi.co.in/web/business/sme/sme-loans/sme-smart-score or visit nearest branch with KYC, Udyam registration, and bank statements.