Indian Bank Business Loan

MSME Loan Products

IB Tradewell Loan

Purpose: IB Tradewell is offered as a term loan facility to meet the working capital requirements of the applicants and for acquisition of fixed assets, modernization of business place/office, etc.

Loan Amount:

Minimum Loan Amount- Rs 0.10 crore

Maximum Loan Amount-

Term Loan: Rs 5 crore

Working Capital: Secured overdraft/Open Cash Credit/Packing Credit: Up to Rs 2 crore

Open Cash Credit/Packing Credit: Above Rs 2 crore

Margin:

Working Capital –

Stock and Book Debts- 15%

Term Loan-

25% on cost of equipments to be purchased

Secured OD:

Up to Rs 0.50 crore- 33% on immovable property

Our Bank Deposits/NSC- 10%

Above Rs 0.50 crore and up to Rs 2 crore- 40% on immovable property

Our Bank Deposits/NSC- 25%

Government Securities- 20%

Tenure: Up to 7 years (excluding holiday period of 6 months)

Security:

Primary Security-

Collateral Security-

Secured OD: Hypothecation of stocks and book debts equal to the limit sanctioned

Others: Immovable property (primary and collateral) and/or liquid security value should be at least 50% of sanctioned limit

IND SME Secure Loan

Purpose: IND SME Secure is offered to MSME units in the service and manufacturing segments to fulfil their working capital requirements, construction of building, purchase of fixed assets, etc.

Nature of Loan Facility:

Loan Amount:

Minimum Loan Amount: Above Rs 10 lakh

Maximum Loan Amount: No ceiling

Margin:

Tenure: Up to 15 years

Security:

Primary Security-

Collateral Security-

IB Micro Loan

Purpose: IB Micro Loan is offered to micro enterprises (including those in the priority sector) to fulfil their term loan requirements plus working capital requirements (composite loan) of the applicants

Loan Amount: Up to Rs 20 lakh

Tenure: Up to 5 years after holiday period of 6 months

Nature of Loan Facility: Composite Loans

Security:

IND-SME E-Vaahan Loan

Purpose:

IND-SME E-Vaahan is offered for the purchase of 2/3/4 wheeler electric vehicles (new vehicles) by MSMEs for their business purposes

Nature of Loan Facility: Fund based term loan

Loan Amount:

Maximum- No ceiling

More than one vehicle per borrower can also be considered

Tenure:

For 2/3 wheelers- Up to 4 years (total tenure including holiday period)

For 4 wheelers- Up to 5 years (total tenure including holiday period)

Margin: 15% “On road” cost of vehicle

Security:

Primary Security- Vehicles purchased from the loan proceeds

Collateral Security-

Personal guarantee of partners/directors is required as per the guidelines set by the bank

IB Contractors Loan

Purpose: IB Contractors Business Loans are offered for contracts of Central/State Government departments, reputed corporates and PSUs for purchasing machinery and fulfilling other working capital requirements.

Loan Amount:

Nature of Loan Facility:

Tenure: Up to 7 years

Margin:

Security:

Primary Security-

Collateral Security-

100% collateral security to be submitted in the form of immovable property/liquid security, in case of Open Cash Credit (OCC)

IB My Own Shop

Purpose: This loan facility can be offered to all the MSMEs, individuals, professionals, self-employed and firms for the following purposes:

Loan Amount: Up to Rs 10 crore

Nature of Loan Facility: Term Loan

Tenure: As per MSME policy of bank

Margin: At least 25% of the property cost

Security:

IB Doctor Plus Loan

Purpose: IB Doctor Plus loan facility is offered to individual doctors, registered partnership firms, limited companies and MSMEs for the following purposes:

The bank does not provide finance for second hand machinery.

Loan Amount:

Type of Loan Facility:

Tenure: Up to 10 years including moratorium of up to 1 year or stabilization of cash flows from the project whichever is earlier.

Margin:

Security:

Primary Security-

Hypothecation of assets created out of the loan proceeds

Collateral Security for loans up to Rs 10 lakh-

For loans above Rs 10 lakh to Rs 2 crore-

For Medium Enterprises, security coverage should be at a minimum of 100% in the form of immovable properties (primary and collateral security)

IND MSME Vehicle Loan

Purpose: IND MSME Vehicle Loans are offered to MSMEs for purchase of new vehicle (LMV/HMV)

Loan Amount: Up to Rs 2 crore

Nature of Loan Facility: Term Loans

Tenure:

Margin: 15%

Security:

Primary Security-

Hypothecation of vehicles purchased out of the loan proceeds

Collateral Security-

IND-SME Ease Loan

Purpose: IND-SME Ease loan facility is offered to meet the working capital requirements of MSMEs as per the definition of the Government.

Loan Amount: Above Rs 10 lakh-Rs 50 lakh

Tenure: Composite Loan- up to 10 years excluding holiday period

Margin: NIL

Security:

Primary Security-

Hypothecation of stock and book debts-based on the declaration submitted by the borrower before availing the limit and at the time of review/renewal of limits

Collateral Security (Immovable properties/liquid securities)-

IND-Surya Shakti Loan

Purpose: IND-Surya Shakti is a term loan facility offered for setting up power plants for captive consumption, as per the technical standards issued by MNRE (Ministry of New and Renewable Energy) or Central Electricity Authority

Loan Amount: No ceiling

Tenure: Up to 15 years including holiday period

Moratorium Period:

Roof Top Solar- Up to 6 months

Others- Up to 12 months

Margin: 25% on the cost of equipments and erection charges

Security:

Primary Assets- Assets purchased through the loan proceeds

Collateral Security-

INDSME Sanjeevini Loan

Purpose: This finance facility is offered to suppliers and manufacturers of medical oxygen and oxygen cylinders, and hospitals and nursing homes for the following purposes:

Loan Amount: Up to Rs 2 crore

Nature of Loan Facility:

Tenure:

Term Loan- Up to 5 years including moratorium of up to 6 months

Working Capital- Up to 1 year (renewable on annual basis)

Margin:

Security:

INDSME Arogyam Loan

Purpose: INDSME Arogyam is offered to new and existing MSMEs operating in healthcare sectors for the following purposes:

Loan Amount: Up to Rs 100 crore (Fund Based + Non-Fund Based)

Nature of Loan Facility:

Tenure:

Margin:

Security:

Online Shishu Mudra Loan

Purpose: Instant MSME Loans offered to pre-selected existing customers for any bonafide business purpose including new business (Service/Trading/Manufacturing activities)

Loan Amount: Rs 10,000 to Rs 50,000

Tenure: 2 years to 5 years

Nature of Loan Facility: Term Loans

Margin: NIL

Pre-payment/Foreclosure Charges: NIL

Indian Bank Agricultural Godowns and Cold Storage Loan

Purpose: Loan facility for construction of new agriculture godowns or cold storages, market yards and expansion or modernization of existing units

Loan Amount:

Nature of Loan Facility: Term Loan and Cash Credit

Tenure: Up to 9 years including holiday period of up to 2 years

Margin:

Security:

Indian Bank Dairy Loan

Purpose: Indian Bank Dairy Loans allow farmers and businesses operating in dairy sector to set up dairy units including purchase of high milk yielding animals, construction of shed, cultivation of green fodder, purchase of equipments and initial concentrate feed during the first month of lactation.

It also offers cash credit facility to meet the working capital requirements under KCC animal husbandry model.

Loan Amount:

Tenure:

Margin:

Indian Bank Food and Agro Processing Loan

Purpose: Indian Bank Food and Agro processing Loans provide finance to individuals and businesses engaged in food and agro processing sectors, for processing and preserving fruits, vegetables, meat, crustaceans, fish and molluscs and for manufacturing dairy products, animal and vegetable oils, fats, animal feed, grain mill product, starch products, etc.

Loan Amount:

Term Loan- Based on project cost

Working capital Requirement-

Tenure:

Margin:

Term Loan- 25% for new machinery and 30% for landed property and building

Working Capital Requirement –

Stocks:

Book Debts: 25% (Up to 90 days duration)

Security:

Primary security- Hypothecation of stocks/book debts/machineries/equitable mortgage of land and building/charge on credit created out of Bank Finance

Collateral-

IB Star Agro Mills Loan

Purpose: IB Star Agro Mills Loan is a term loan and cash credit facility offered to all new and existing rice/dhal/oil/flour mills for purchase of new machinery, building or renovation of factories and fulfilling working capital

Loan Amount: Based on the project cost

Tenure:

Margin:

Term Loan- 25% for new machinery and 30% of landed property and building

Working Capital Requirement –

Stock of Goods:

Book Debts: 25% (up to 90 days duration) NFB (non-fund based) margin- as per norms

Security:

Primary Security- Hypothecation of stocks/book debts/machineries/equitable mortgage of factory land and building/charge on assets created out of bank finance

Collateral-

Credit Guarantee-

Credit guarantee coverage will be available for eligible borrowers from this financing facility under CGTMSE for loan amount of up to Rs 2 crore. The fees for this coverage is borne by the government. In case of FPOs (Farmer Producer Organization), credit guarantee may be availed from facility created under FPO promotion scheme of DACFW (Department of Agriculture, Cooperation and Farmers Welfare).

IND Kisan Saur Shakthi (PM Kusum)

Purpose: PM Kusum Yojna scheme is offered to individual farmers, groups of farmers, Farmer Producer Organizations, panchayats cooperatives and for Water User Associations with the following features:

Margin: At least 10%

Tenure: Up to 5 years

Security:

IND-Krishi Infra Fund (Agriculture Infra Fund)

Purpose: IND-Krishi Infra Fund scheme is offered to Primary Agriculture Cooperative Societies, Farmer Producer Organizations, Self Help Groups, Agriculture Entrepreneurs, Start-ups, Joint Liability Groups and Central/State Agency for the following purposes:

Post-Harvest Management Projects:

Viable projects for building community farming assets:

Loan Amount: Based on project cost

Margin:

Term Loan- Minimum 25%

Tenure: Up to 7 years including holiday period of up to 2 years

Security:

IND-Pashudhan Mitra- Animal Husbandry Infrastructure Development Fund (AHIDF)

Purpose: IND Pashudhan Mitra is a term loan facility offered to individual entrepreneurs, MSMEs, private companies, FPOs and Section 8 Companies (non-profit entities) for dairy processing, meat processing and value addition facilities, value added dairy product manufacturing and animal feed manufacturing units.

Loan Amount:

Margin:

Tenure: Up to 10 years including holiday period of up to 2 years

Security:

IND Micro Food Processing Enterprises (PMFME)

Purpose: This loan facility can be availed by individual Micro Food Processing Enterprises, self-help groups, farmer producer organizations for the following purposes:

Margin: Minimum 10%

Tenure:

Term Loans- Up to 15 years

Security:

Primary-

Collateral-

Guarantee- Suitable third party guarantee obtained depending on the loan amount

For MSME Loan Products

IB Trade Well Loan

Traders with at least 1 year of experience with good standing in market are eligible for such loans

IND SME Secure Loan

Such loans are offered to Micro, Small and Medium Enterprises (Manufacturing and Service Sectors)

IB Micro Loan

IB Micro loans can be availed by all micro units (manufacturing and service sector – priority sector- existing units with good track record) and fresh units with satisfactory track record and experience of the promoters in the field and viable project.

IND-SME E-Vaahan Loan

Individuals, Proprietorship firms, Private Limited Companies, Public Limited Companies, Trusts and Limited Liability Partnership Firms are eligible for IND-SME E-Vaahan Business Loans

IB Contractors Loan

IB My Own Shop

IB Doctor Plus Loan

IND MSME Vehicle Loan

IND-SME Ease Loan

All MSMEs are eligible for availing IND-SME Ease business loans

IND-Surya Shakti Loan

All MSMEs, mid-corporates and large corporates are eligible for IND-Surya Shakti loans

INDSME Sanjeevini/ INDSME Arogyam Loan

Online Shishu Mudra Loan

Indian Bank Agricultural Godowns/Cold Storage Loan

Indian Bank Dairy Loan

The following groups are eligible for dairy loans:

IB Star Agro Mills Loan

All new and existing rice mills, oil mills, flour mills, dhal mills are eligible for such loans

IND Kisaan Saur Shakti Loan

IND Kisaan Saur Shakti Loans are offered to:

IND Krishi Infra Fund

IND Pashudhan Mitra- Animal Husbandry Infrastructure Development Fund

Indian Bank has not specified the documents required for its business loan applicants. However, the documents would vary depending on the nature of business and the loan facility to be availed.