Indian Bank MSME Loan
About This Loan
Indian Bank provides MSME loans for both new and existing enterprises covering machinery purchase, working capital, and business expansion. The bank has been consistently recognized for MSME lending performance and offers competitive rates with quick turnaround.
Maximum Amount
₹25,00,000
Interest Rate
9.75% – 13.50% p.a.
Tenure
Up to 7 years
Collateral
CGTMSE cover available; nil collateral for MUDRA loans
Processing Fee
0.50% of loan amount
Eligibility
Udyam-registered MSME; viable project or working capital requirement; satisfactory credit history.
Application Process
- 1Visit Indian Bank branch or apply online
- 2Discuss requirements with MSME loan officer
- 3Submit application and documents
- 4Loan processed within 14-21 working days
Documents Required
- Loan application form
- KYC documents
- Udyam Registration certificate
- Project Report or business plan
- Financial statements (existing units)
- Bank statements (6-12 months)
Official Links
Related Government Schemes
Disclaimer
This information is sourced from publicly available bank and financial institution websites. EduMetrics is not a financial advisor or lending institution and does not guarantee the accuracy of interest rates, eligibility criteria, or loan terms. Please verify all details with the respective bank before applying.