Indian Bank Mudra Loan

Indian Bank Online Shishu Mudra Loan

Purpose: Indian Bank offers instant MSME Loans with Online Shishu Mudra Loan for any bonafide purpose including new business such as manufacturing, trading and service activities. The loan is offered to its select existing customers pre-selected on the basis of age, transaction history, credit score, etc.

Interest Rate: 10.55% p.a.

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

Tenure: Up to 5 years

Margin: NIL

Indian Bank Weaver Mudra Loan

Purpose: Indian Bank offers Weaver Mudra Loans to individual handloom weavers, Joint Liability groups, Self-help groups, handloom organizations, handloom producer companies, etc.

Interest Rate: 10.55% p.a.

Loan Amount:

Margin:

Margin Money Assistance:

Interest Subvention: Subsidized loans at concessional interest rates of 6% are offered for 3 years from the date of loan disbursal. The difference between concessional interest rate (6%) and charged interest rate is eligible for interest subvention subject to maximum interest cap of 7%.

Credit Guarantee Fee Refund: The government of India will refund the Credit Guarantee fee paid on the disbursed amount for a period of 3 years.

Tenure:

Security:

For Indian Bank Online Shishu Mudra Loan

For Indian Bank Weaver Mudra Loan

Individual handloom weavers, weaver entrepreneurs, Joint Liability Groups, Self-help groups, handloom producer companies, handloom organizations such as Primary Handloom Weavers’ Cooperative Societies, State Handloom Corporations, Apex Handloom Weavers’ Cooperative Societies, etc. are eligible for availing Indian Bank Weaver Mudra Loan.

For Indian Bank Online Shishu Mudra Loan

For Indian Bank Weaver Mudra Loan