Whether you run a small enterprise or a corporation, the State Bank of India can provide the credit your business needs.

We offer:

  • Term loans of up to seven years
  • Working-capital facilities for corporations and SMEs
  • Non-funded facilities including letters of credit and bank guarantees
  • Forex facilities for clients with forex risks

We also provide finance against deposits held with a branch of the State Bank of India in any location in the world, as well as against commercial and investment property.

We offer loans against deposits held with any State Bank of India branch worldwide.

With competitive interest rates, margins are as low as 10% for GBP deposits and 15% to 25% on deposits in other currencies.

With an overdraft in place, your business always has the capital it needs for day-to-day functioning.

Here’s an overview of what we offer:

  • State Bank of India overdrafts for corporate accounts are valid for one year
  • You can renew the overdraft every year
  • Interest rates are LIBOR linked
  • Interest is calculated daily on the amount used – not on the full overdraft limit
  • You can choose to pay any interest owed monthly or at quarterly intervals.

Our competitive short-term loans can provide that extra cash flow just when your business needs it.

With a short-term loan:

  • Repayment periods can be spread over 24 months
  • Interest rates are LIBOR linked
  • You can choose to pay any interest owed monthly or at quarterly intervals.

We can also provide longer term loans to cater for your capital expenses. For example, to cover acquisitions, building projects, buying and installing plant and machinery, and much more.

With a long-term loan:

  • Repayment periods for term loans of up to seven years
  • Repayments for term loans suspended for up to two years
  • Interest rates are LIBOR linked
  • You can choose to pay any interest owed monthly or at quarterly intervals.

If your business is growing and you need to extend or develop your property – or even buy a new one – we can offer loans backed by the value of your premises.

Here’s an overview of what we offer:

  • Overdraft or term loans
  • Repayment periods for term loans of up to seven years
  • Repayments for term loans suspended for up to two years
  • Interest rates are LIBOR linked.
  • You can choose to pay any interest owed monthly or at quarterly intervals.

We can provide advances of up to 85% against invoiced payments to rated companies.

Contact:

Head (Credit);

Tel: +44 20 7454 4406;

Emai: headcredit.sbiuk@statebank.com.

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