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$196,864.62 FREE for Indians

Discussion in 'BlackHat Lounge' started by Umbrella Corporation, Mar 28, 2012.

  1. Umbrella Corporation

    Umbrella Corporation Newbie

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    State Bank of India is now offering COLLATERAL FREE loan to Indians, on a reduced interest rate of up to INR 1 Crore ($196,864.62) for start up small and medium scale businesses (SMEs). As long as you have a viable business plan, and no bad credit history, you will get approved for the loan.

    Most of the BHW members are entrepreneurs at heart I guess. So now just draw up your business plan and apply for the loan.:D
     
  2. picaya

    picaya Newbie

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    WOW! this sounds something real good :D

    wait... I gotta make some plan before I can start cheering LOL
     
  3. TheMatrix

    TheMatrix BANNED BANNED

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    How much did SBI pay you to post this here? Be honest.
     
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  4. praveenzh0

    praveenzh0 Registered Member

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    are the return compulsory should be filed or can we get a loan for new busine
     
  5. howard_hughes

    howard_hughes Elite Member

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    Post the link here buddy.. i'm interested
     
  6. ajithrocksca

    ajithrocksca Jr. VIP Jr. VIP Premium Member

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    you think the dimwits at SBI will understand a business plan based on IM? I left the country because people of poor business infra. In tamil nadu 12 hours power cut everyday.. and I was forced to shut down one of my development centers purely because of this hostile environment. people who are willing to work in a start up company don't know how to write one sentence in english.

    I love my country, I do all my charity work there, but as far as setting up a business in India.. no way...
     
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  7. SelbyChariss

    SelbyChariss Newbie

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    State banks of other asain countries should follow this plan, if i were an indian i would have better plans :cool:
     
  8. youssfy

    youssfy Senior Member

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    You think SBI knows Affiliates,etc ?
     
  9. shadowcat

    shadowcat Elite Member

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    Good News...:)
     
  10. nothingnothing

    nothingnothing Jr. VIP Jr. VIP Premium Member

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    Hahah what a deceptive post

    I never knew that loan is FREE money !!
     
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  11. MichaelPhelps

    MichaelPhelps Newbie

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    Wish I was in India!
     
  12. ardley216

    ardley216 Elite Member

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    Thats really strange, I thought they were offering $196,864.63???? Oh well I was nearly tempted :)
     
  13. xxpaigexx

    xxpaigexx Registered Member

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    LOL the stupid people at SBI doesnt know a shit about the money earned online.

    i have an account there and when i received few bank trasnfers from paypal they called me up and asking me whther its terrorist funding money or not :eek:

    would you beleive that !! they thought i got that money from some terrorist organisation or something :p

    it was actually the money that paypal deposited in my account.
     
  14. mangobajito

    mangobajito Power Member

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    i Will start a cpa company
     
  15. carsonrathi

    carsonrathi Senior Member

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    Hey,

    This is something VERY OLD.

    Every govt bank offers this loan, it's called unemployed loan however its not easy to get it.

    Most of the bank managers eat this money with there relatives. There are many companies that claim to get you this loan however they would just complete your documents and then ask you to contact govt bank managers to "approve" your load, which is the real hurdle.

    When you reach the bank, manage would inform you that either the loan is already given or bank do not have enough funds for this loan.
    You could only get this loan, if you have some relationship with the bank manager and then they will ask you for a big percentage once the loan approved.

    Also, most of the time, this loan is unrecoverable thus considered as free money.

    Thanks.
     
  16. jass11

    jass11 Elite Member

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    Didnt knew this,I thought this is just a joke :p

    If this is true then every manager of SBI must have taken this thing...
     
  17. Umbrella Corporation

    Umbrella Corporation Newbie

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    This is not "UNEMPLOYED LOAN", which is really an old one.

    SBI is now aggressively advertising this loan, for the past few days. And I am 100% sure that unless they really intend to actually give this loan, they wouldn't advertise it.

    My father is a Senior Bank Manager at Bank of Baroda. And believe me, managers at PSU banks can't misappropriate loans so easily. If ANYTHING goes wrong, in case of a bad loan if the bank doubts he received kick backs to grant that loan, he will be PERSONALLY and CRIMINALLY responsible. He might not go to jail (it's real hard to prove these allegations) but he will surely
    lose his job and his retirement benefits. This applies for ALL bank managers in India.

    All bank managers belongs to the educated middle class background. They will never do something which puts their livelihood, their families including their kids' future and their social honour at stake. of course, some bad apples are always there.

    Never go to any agent. Lots of potential customers makes this mistake.

    Are you in India? Then feel free to go ahead and apply.:D
     
  18. Umbrella Corporation

    Umbrella Corporation Newbie

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    Loan WITHOUT COLLATERAL is FREE money. :D
     
  19. carsonrathi

    carsonrathi Senior Member

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    Bro,

    I am also speaking from a family that have have many high rank people in banking sector buddy.

    I have personally tried for this loan however if you are a common man without any strong relationship and ability to offer big chunk of money to the manager, you cannot get this.

    SBI and other bank advertise this as they are government bank and this money is allotted by GOVT of India, focusing on unemployed's willing to start there business.

    If you want i can get your documents ready including a complete business plan which shows the use of money. Documents would be 100% legal and complete, all you have to do is, get the loan from bank (it's like old internet marketing sales pitch saying that 'we have done 99% of the work, you just have to get traffic to your sales page').

    Lastly do not fall for any agent that say's they will get you approved for this loan in return of some down payment.

    Rest, if any one here has actually got this loan then please let me know.

    Thanks,
    Carson
     
  20. anil595

    anil595 Junior Member

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    I have SBI account , it's always busy , it even quiet hard to deposit money in that bank with long queue , i don't think it is easy to get a loan on that bank.