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 |
Best SME/MSME Loan offers are just a click away Apply Now
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)