Indian Bank business loans fuel your entrepreneurial dreams from expansion to equipment, offering flexible financing with extended repayment terms. Indian Bank offers various schemes with affordable interest rates for those engaged in the Micro, Small, and Medium Enterprises (MSME) sector.
To know more about their offerings and to initiate your business loan application with Indian Bank read further.
The table below summarizes the interest rate and other details associated with Indian Bank business loan services.
|Upto ₹2 crores
|Based on the scheme chosen
|Varies based on the scheme chosen
Indian Bank provides a variety of business loan schemes to address the diverse financial needs of enterprises. The table below outlines the range of MSME schemes, including the Indian Bank E-Mudra loan and more, providing a comprehensive overview to help you identify the scheme that best aligns with your specific business requirements:
|IB DOCTOR PLUS
|Working Capital, Hospital/Clinic
|No Ceiling (Max. for fresh passed out students – Rs.2.00 Crores)
|Maximum 120 months.
|IND MSME VEHICLE
|New Vehicle Purchase for Existing MSMEs
|Maximum - Rs.2.00 crores
|In case of LMV : 60 EMIs, In case of HMV:
Maximum 60 months (Door to door)
|Working Capital Requirements
|Rs.10.00 Lakhs- Rs.50.00 Lakhs
|120 months without any holiday period
|Setting Up Solar Power Plants
|Door to Door Tenor: 15 years
|Shishu Mudra loan
|New Business (Manufacturing/Service/Trading)
|Rs. 10,000/- Rs 50,000/-
|Minimum : 24 EMIs
Maximum: 60 EMIs
|IND MSME SAKHI
|Setting Up Manufacturing/Trading/Service Units
|Above Rs 0.10 Lakhs- Rs 4.00 Lakhs
|Maximum : 60 Months (Including Moratorium if any )
|IND – PM Vishwakarma
|Improve Quality & Reach of Artisan/Craftsperson Products
|Rs. 1.00 Lakh – Rs. 2.00 Lakhss
|First Tranche: 18 Months, Second Tranche: 30 Months
|Working Capital, Term Loan for Fixed Assets
|₹0.10 Crore - ₹5.00 Crore (Working Capital),
₹0.10 Crore - ₹2.00 Crore (Term Loan)
|Maximum 84 months (Term Loan)
|Working Capital, Fixed Assets, Building Construction
|Minimum ₹10.00 Lakhs,
No Maximum Ceiling
|Maximum 15 years (Term Loan)
|Purchase of Electric Vehicles (2/3/4 wheeler)
|No Maximum Ceiling, More than one vehicle per borrower possible
|Maximum 48 months (2/3 Wheeler),
Maximum 60 months (4 Wheeler)
|Work Orders from Govt/PSUs/Corporates (Machinery Purchase, Working Capital)
|₹10.00 Lakhs- ₹10 Crore (per borrower), ₹20 Crore (per group)
|Maximum 84 months (including holiday period)
|IB MY OWN SHOP
|Purchase/Construction/Renovation of Business Premises
|Maximum ₹10.00 Crore
|As per MSME Policy of the Bank
|Offers larger loans for various business purposes with longer repayment terms.
|Rs.10.00 Lakhs- Rs.10.00 Crores
|Provides subsidized loans for handloom weavers and organizations.
|Concessional loan upto ₹10 lakhs max
|Maximum 3 years
|MSME AUTO - RENEWAL
|Expedites the renewal process for existing MSME loans.
|Renew MSME loans under Rs. 20 lakhs
|Fully Digital Loan Process
Read LessNote: Please be informed that the Indian Bank business loan interest rates are subject to change per the market.
To avail a business loan with Indian Bank your business must meet this eiglibity criteria.For the most up-to-date information, you can also visit the official website of Indian Bank.
Not sure of your credit score? Check it now!
The listicle provides the specific documentation requirements you have to fulfill while applying for Indian Bank Business loan. However, you can also visit the official website of Indian Bank for the most accurate list:
Calculate your Indian Bank Business Loan EMI with ease & convenience.
This user-friendly tool ensures a seamless understanding of your payable EMI calculation. It ensures a seamless understanding of your payable EMI. Just input your loan amount, interest rate, and tenure to receive instant and accurate results. Plan your Indian Bank Business Loan finances smartly with a business loan EMI calculator!
Disclaimer: Please note that the estimations here are only estimates around the values you enter and are not subject to change unless you do.
Get a business loan with ease!
These are the advantages of MSME financing that Indian Bank offers:
Avail loan with special
schemes and lower
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with Mininal paperwork
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Indian Bnak Business loan
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Follow these steps diligently to apply for Indian Bank business loan online to ensure a seamless loan journey:
Apply for a business loan online through Buddy Loan simply and hassle-freely. Follow the steps and apply for your business loan now!
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For swift and reliable support with your banking matters related to business loans, reach out to Indian Bank's dedicated customer care team.
To receive immediate help and clarification on your banking concerns, dial the Indian Bank
Customer Care number at 1800-425-0000.
Indian Bank business loan interest rates may vary based on the type of business loan and prevailing market conditions. Hence for the most up-to-date information or visit their official website.
The maximum amount depends on factors like business profile and financials; refer to the bank's policies.
Indian Bank Business loan eligibility criteria include credit history, business stability, and financial performance.
Yes, prepayment is allowed, and charges may apply; check with the bank for specific details.
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