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SBI eDFS

SBI EDFS Login Online

Last Updated 23rd Jun 2021

  • SBI eDFS is a cash credit scheme that helps dealers meet short-term working capital requirements for inventory procurement.
  • Authorised dealers of Industry Majors with whom the SBI Bank has tie-up arrangement are eligible for the eDFS SBI.
  • Amount of loan sanctioned under eDFS SBI is lower of the three:
    • Need-based
    • Projected sales and past performance (whichever is lower)
    • Limit recommended by the corporate.
  • Processing fee of SBI eDFS hovers in the range of ₹ 10,000 to ₹ 30,000.
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What is SBI eDFS?

SBI eDFS is a product of State Bank of India under supply chain finance. It is a funding facility offered to dealer’s distribution of a large manufacturer. It enables dealers to meet short term working capital requirements for the procurement of inventory. SBI EDFs offers hassle-free finance to authorised exclusive Dealers/stockist/distributors/franchisees to purchase Inventory who are willing to furnish collateral security of adequate value.

Features of SBI eDFS

Features of the SBI online eDFS are:

  • It is a type of cash credit scheme.
  • Amount of loan sanctioned under eDFS is lower of the three:
    • Need-based
    • Projected sales and past performance (whichever is lower)
    • Limit recommended by the corporate
  • The stakeholders of eDFS are corporates, dealers or distributors and banks.
  • Rates of interest are based on 1-year MCLR.
  • Collateral security required under eDFS varies from Nil to 50% of the loan amount.
  • Processing fee hovers in the range of Rs. 10,000 to Rs. 30,000.
  • Credit days are as per the agreement made subject to maximum credits days of 90 days.

Eligibility Criteria of eDFS

Authorised dealers of Industry Majors with whom the SBI Bank has tie-up arrangement are eligible for the eDFS.

Steps for SBI eDFS Login

Below are the steps for SBI eDFS login:

  • Go to https://scfu.onlinesbi.com/vfim/login.htm.
  • Click on the ‘Continue to login’.
  • Now you will be redirected to SBI eDFS login page. Enter the Username, password, captcha and the press on login.
  • SBI eDFS will log in now.

FAQs

What is the full form of eDFS?

The full form of the eDFS is Electronic Dealer Financing Scheme.

What is the Definition of eDFS SBI?

eDFS SBI or Electronic Dealer Finance System is a mechanism that strives to automate the loan disbursal and interest recovery process and provides a repayment model through the Internet banking and other mediums.

What is the Customer Support helpline no for SBI eDFS Team?

The customer support helpline number of SBI eDFS Team is 044-66195622 / 044-6619-5623.


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