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Loans

Loans

Loans

We extend credit facilities to residents of UK and corporates incorporated in UK and Ireland.

Whether you are an individual or retail borrower, you are in good hands with SBI’s personnel who will assess your bonafide credit requirements.

We offer different tailor made products to suit customer’s requirement. Our suite of products include term loans up to 7 years, working capital facilities to corporates and SMEs, non-funded facilities like LCs, Bank Guarantees, etc. We also provide forex facility for clients with forex risks.

In addition to providing finance against commercial and investment property, we also provide finance in UK against deposits held with a branch of SBI in any location in the world.

We are well capitalised and operate from a position of strength and have been one of the few banks not to have been materially affected by the recent market disturbances.

Loans against deposits

Available for any of your personal requirements.

Key Features:
  • Available against deposits held with any State Bank of India branch around the world.
  • Attractive interest rates.
  • Margin as low as 10% for deposits in GBP and 15-25% on deposits in other currencies.

Overdraft facility for Working capital requirements

For supporting your business’ capital requirements for day-to-day functioning.

Key Features:
  • Validity – one year, can be renewed every year.
  • LIBOR linked interest rates.
  • Interest on the utilised amount only - calculation on daily basis. Options to pay Interest at monthly or quarterly intervals.

Short Term Loans

For supporting any of the short term borrowing needs of your business.

Key Features:
  • Repayment period up to 24 months.
  • LIBOR linked interest rates.
  • Options to pay interest at monthly, quarterly or half yearly intervals.

Term Loans for Capital Expenditure

For supporting the capital expenses for your business

Key Features:
  • Available for acquisitions, building, purchase and installation of plant and machinery.
  • Repayment period between 2 to 7 years with a moratorium of up to 2 years.
  • LIBOR linked interest rates.
  • Options to pay interest at monthly, quarterly or half yearly intervals.

Property Backed loans

For supporting you when you are extending or developing your own business premises or buying a new property.

Key Features:
  • Overdraft or Term loan as per your needs
  • Term loans - repayment period up to 7 years with a moratorium period up to 2 years
  • LIBOR linked Interest rates
  • Options to pay interest at monthly, quarterly or half yearly intervals.

Invoice Financing

We also provide advance up to 85% against invoices drawn on rated companies.