SBI opens emergency credit line for borrowers amid Covid-19 concerns
Updated : March 21, 2020 12:33 PM IST
The additional liquidity facility Covid-19 Emergency Credit Line (CECL) will provide funds up to Rs 200 crore and will be available till June 30, 2020.
The loan will be offered at an interest rate of 7.25 percent with a tenure of 12 months.
Borrowers can maximum avail 10 percent of the existing fund based working capital limits, subject to a cap of Rs 200 crore, the bank said.