Sanction of Loans :SBH rolls out loan campaign for micro, small entrepreneurs

 

B L : Hyderabad :23 oct 2014

State Bank of Hyderabad (SBH) has rolled out a campaign, 'Shubh Labh', for the benefit of micro and small entrepreneurs.

As per the campaign, concessions in rate of interest and processing charges, and upfront fees have been offered for entrepreneurs who wish to avail themselves of credit facilities for setting up a new unit/ business.

The existing units who do not have any borrowing arrangements for the present, or those units who want fresh term loans for expansion/ modernisation, etc., can also avail themselves of the benefits of the campaign.

"Entrepreneurs who have availed banking facilities from other financial institutions or banks at higher rate of interest can shift their account to SBH and enjoy various concessions and maximise their profits,’’ SBH said in a release.

Credit facilities for working capital requirements, term loans for purchase of machinery or equipment, commercial vehicles, car/taxi, construction equipment, can also be availed. The campaign will be open up to October 31, 2014.