CSB Bank Business Loan

Please Note: CSB Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

CSB Bank, formerly known as ‘The Catholic Syrian Bank Ltd.’ is one of the traditional private sector banks that offers banking services to retail, SME and NRI customers. CSB bank specialises in providing financial and lending services to Small and Medium Enterprises (SMEs) across the nation. The interest rate offered for its unsecured loans starts from 12.50% onwards. CSB Bank has developed itself into a trusted financial institution across South India, mainly in Kerala and Tamil Nadu.

CSB Bank MSME Loan – Features & Eligibility Criteria

MSME Loan Interest Rate	14% onwards (Small Business Loan)
Age Criteria	Min. 25 years and max. up to 65 years
Loan Amount	Up to Rs. 50 lakh
Nature of loan	Secured & Unsecured business loan
Loan offered to	Individual, Proprietor & Partnership
Repayment Tenure	Starting from 12 months
ITR or Balance Sheet	Not required up to Rs. 25 lakh
Business Experience	Min. 3 years in current business
Residential & Business stability	3 years in the current residence & business area
Processing Fee	NIL for loans up to Rs. 5 lakh & 2% for loans above Rs. 10 lakh
Foreclosure Charges	3% onwards

Note: The above mentioned interest rate, fees & charges may change and shall depend on the sole discretion of the bank, NBFC and RBI.

Funded Facilities – General	Processing Fees
Up to Rs 25,000	Nil
Above Rs 25,000	For new or existing loans: 1.00% of loan amount/ limit sanctioned subject to minimum Rs. 250
Above Rs 25,000	For renewal of existing loans: 0.50% of limit sanctioned, subject to minimum Rs. 250

Documentation Charges

Range	Charges
Above Rs. 10,000 up to Rs. 1 lakh	Rs. 100
Above Rs. 1 lakh up to Rs. 10 lakh	Rs. 300
Above Rs. 10 lakh	Rs. 500

Rate of Service Charges (Rs. per account per annum)

Credit Limit	Service Charge (In Rupees)
Up to Rs. 25,000	10
Above Rs. 25000 to Rs. 2 lakh	25
Above Rs. 2 lakh to Rs. 3 lakh	75
Above Rs. 3 lakh to Rs. 5 lakh	125
Above Rs. 5 lakh to Rs. 10 lakh	175
Above Rs. 10 lakh to Rs. 25 lakh	250
Above Rs. 25 lakh to Rs. 50 lakh	500
Above Rs. 50 lakh to Rs. 75 lakh	750
Above Rs. 75 lakh to Rs. 1 crore	1000
Above Rs. 1 crore	2000

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

CSB Bank’s Letter of Credit Backed Bill Discounting (LCBD) – 2022

Tenor – Days	Interest Rate
Up to and including 90 days	10.50% onwards
91 days to 120 days	10.55% onwards
121 day – 180 days	10.60% onwards
Above 180 days	10.70% onwards

Note: The above mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.

Types of Business Loans offered by CSB Bank

• Buyers’/Suppliers’ Credit: CSB Bank arranges buyers’/suppliers’ credit with the help of overseas banks that support in reducing the cost for importers
• Commercial Vehicle Loans: Commercial vehicle loans are offered for purchasing and upgrading commercial vehicles and transportation of SME customers
• Export Finance: Export finance can be availed in foreign or Indian currency for the procurement of raw materials, manufacturing/processing, packaging and shipping goods
• Import Finance: Import finance can be availed to import goods and commodities, such as raw materials and capital goods
• Letter of Credit: Bank provides a variety of non-fund based facilities that include Letter of Credit, Bank Guarantee (BG), etc. The repayment tenure offered ranges from 3-6 months depending upon the trade cycle
• Overdraft: Overdraft is a credit limit assigned by the bank in which the borrower needs to pay only for the used amount from the assigned limit
• Term Loans: Term loans whether short-term or long-term are mostly secured against the fixed assets, inventory, stock, raw materials against suitable collateral security wherever required
• TReDs Bill Discounting: The Trade Receivables Discounting System (TReDS) supports MSMEs to convert their trade receivables into funding. TReDs also enable MSMEs to discount invoices, as well as bills of exchange in return for early payment
• Working Capital Loans: Working capital loans are offered to meet the day-to-day business requirements, purchasing raw materials, buying equipment or to manage cash flow. This type of business loan is offered in the form of cash credit/ overdraft.

Related Product: How to apply business loan under Pradhan Mantri Mudra Yojana?

CSB Bank SME Cluster Team

Cluster Names	Indicative Locations
Bengaluru	Bengaluru, Hosur, Hyderabad, Vijayawada, Kolkata, Bhubaneswar, Belgaum
Chennai	Chennai, Puducherry, Nellore, Sriperumbudur, Vellore, Vaniyambadi, Cuddalore
Coimbatore	Coimbatore, Annur, Madurai, Karur, Tirunelveli, Sathy, Avinashi, Dindugul, Trichy, Thanjavur
New Delhi	Delhi, NCR, Chandigarh, Ludhiana, Jalandhar
Ernakulam	Ernakulam, Kottayam, Muvattupzha
Kozhikode	Kozhikode, Kannur, Wayanad, Kasargod, Mangaluru, Malappuram
Mumbai	Mumbai, Pune, Aurangabad, Nashik, Ahmedabad, Vadodara
Thiruvananthapuram	Thiruvananthapuram, Nagercoil, Kollam, Thiruvalla, Pathanamthitta
Thrissur	Thrissur, Chalakuddy, Irinjalakuda, Kunnamkulam, Guruvayoor
Tiruppur	Tiruppur, Avinashi, Erode, Salem, Palakkad, Karumathampatti, Gobi, Udumalpet, Pollachi

FAQs

Q1. What is the business loan interest rate offered by CSB Bank?

Ans. The unsecured loan interest rate is offered from 12.50% to 24.00% per annum.

Q2. What is the loan amount offered by CSB Bank?

Ans. The loan amount depends on the business requirements and applicant’s profile.

Q3. What are the type of SME loans offered by CSB bank?

Ans. The SME loans include working capital loan, overdraft, term loan, commercial vehicle finance, import/export finance, letter of credit, bill discounting, etc.

Q4. From where I can download the banking and lending products’ application form?

Ans. You can simply visit the official website of bank or to download application form, you can click here and download https://www.csb.co.in/application-forms

Q5. How can I contact or connect with CSB bank?

Ans. You can reach CSB bank by visiting their head office or by dialling below mentioned numbers:

CSB Bank Ltd.
CSB Bhavan, P.O Box No.502,
St. Mary’s College Road,
Thrissur – 680020, Kerala, India

Toll Free No: 1800-266-9090

• 0422-2228422 (charges applicable)
• 0422-6612300 (charges applicable)
• Outside India: +91-422-6612300 (ISD charges applicable)