1. What we offer.
SBI UK Ltd offers foloowing typesof fund-based loan.
1. Secured Business Loans.
The bank offers customers financing for future growth, secured against their existing business and immovable properties. The underlying businesses may be across segments like Hotels/Restaurants, Student Accommodation, Care Homes etc. The business cash flows provide for the loan to be serviced and the facility is typically refinanced at the end of the tenure. While the loan facility would benefit from having a tangible security of immovable property, the performance of the loan is primarily dependent on the business continuing to generate cash flows. The loans are offered for 5 years.
2. Commercial Mortgages.
We can support property investors with mortgages on commercial units, office or residential blocks, warehouses, doctor’s surgeries, etc.
(a) Commercial Owner Occupier
- Do you want to purchase new premises for your business?
- Are you looking to expand your current premises?
- Do you want to improve your current premises?
(b) Commercial Investment Mortgage
- Do you want to invest in property?
- Do you have a commercial property that you wish to let to tenants?
- Do you want to improve or refinance an existing commercial property that has tenants?
(c) Commercial Overdraft
- Do you wish to raise additional capital for your business?
- Does your business require short term funding for expansion/investment?
- Are you looking to refinance existing facilities currently with another bank?
3. Development Finance
The business is targeted at property developers with capability of developing residential & commercial real estate. The deals can be bilateral, club or syndicated. Transactions can have a maturity period of up to 30 months.
4. Corporate Loans
SBI UK Ltd offers secured lending facilities to Corporates on a case to case basis.
2. Product Features.
Please note that below features are indicative and for illustration purposes. Each facility is
individually assessed by the Bank and terms will be subject to mutual agreement.
CRE & Business Loans
| Maximum Loan Amount | Up to £20 million |
| Purpose of borrowing | Further investments in real estate or business, refinancing. |
| Security | Property, Debenture charge over all fixed and floating assets of the borrower, Personal Guarantees of sponsors/key shareholders |
| Repayment Terms | Interest Only, Capital and Interest Repayment |
| Loan Term | Maximum of 5years |
| Location Of Security | England and Wales.. |
| LTV | Max 70% |
Development Finance
| Minimun and Maximum Loan Amount. | £250,000 and £10 Million. |
| Maximum Project Cost | £25 Million. |
| Applicants | Individuals, Sole Traders, Partnerships, UK incorporated Limited Companies, LLP, Trust/ Charities. |
| Purpose of borrowing | Development of acceptable real estate projects. |
| Type of Loan | Build to rent (BTR) and Build to sale (BTS) |
| Repayment Terms | Interest Only. |
| Security | Property, Debenture charge over all fixed and floating assets of the borrower, Personal Guarantees of sponsors/key shareholders. |
| Loan Term | Up to 30months. |
| Location of Secuirty | England and Wales. |
|
Loan to Gross Development Value |
60% |
| Loan to cost |
For residential project- 75% For commercial project- 70% |
| Valuation | By Qualified Chartered Surveyor |
| Ongoing Project Monitoring | Independent Monitoring Surveyor. |
