State Bank of India Personal Loan

SBI Dubai, a prominent branch of the State Bank of India in the UAE, stands as a beacon of financial excellence in the bustling heart of the Emirates. With a rich legacy of service and an unwavering commitment to meeting the diverse financial needs of its patrons, SBI Dubai offers a range of loan solutions designed to empower individuals and businesses alike.

Join us as we explore the world of possibilities that SBI Dubai offers through its diverse loan offerings.

Does the State Bank of India Have Personal Loans in the UAE?

The State Bank of India does not offer personal loans in UAE. The bank offers only corporate banking options in the UAE.

In the following section, we will go through the different types of loans offered by SBI.

Types of Loans Offered by State Bank of India

Whether you are seeking to embark on ambitious projects or looking for tailored financing solutions, SBI Dubai's robust suite of loans is poised to transform your financial aspirations into reality.

Discussed below are the types of loans offered by SBI in the UAE:

Trade Finance

The bank offers a variety of Trade Finance Facilities, including both funded and non-funded credit lines, along with sub-limits for instruments such as Letters of Credit (L/C), Trust Receipts (TRs), Bank Guarantees (BGs), and Demand Loans (DL).

Supplier’s Credit

The bank’s competitive rates for discounting Bills under Letters of Credit extend up to a tenure of 180 days. In some cases, it may consider Bills with even longer tenors, subject to approval by the Reserve Bank of India (RBI).

Benefits of discounting Bills with State Bank of India -

• The extensive global network of the State Bank of India ensures swift communication and quicker realisation of proceeds.
• The bank efficiently provides personalised service.
• Discounting Facilities are available at competitive interest rates linked to LIBOR.

Term Loan

State Bank of India addresses the Medium and Long-Term financing requirements of industrial corporations through bilateral Term Loans. These Term Loans typically cater to the following requirements -

• Financing high-value imports of capital goods like machinery and equipment
• Meeting low-cost foreign currency needs for new projects or expansions
• Enhancing working capital

Term Loans can be customised as per specific corporate requirements, considering factors such as tenure, repayment structure, pricing, and security packages.

Project Finance

Gulf markets are witnessing significant developments in both industrial and infrastructure projects. The bank provides financial support for greenfield projects through bilateral arrangements or in collaboration with other banks. Their assistance spans from project conceptualisation to execution.

Syndication

The bank offers financial advisory services and facilitates the syndication of loan requirements for Indian and international corporations. Additionally, the bank participates in syndications organised by its international banking partners to meet short and medium-term financing needs.

Buyer’s Credit

The bank evaluates ‘Buyers Credit’ requests on a case-by-case basis to fulfil unique financing requirements.

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