Overview
At IndusInd Bank, we acknowledge the crucial role that Micro and Small Enterprises (MSEs) play in the economy, contributing to innovation, trade and employment. Therefore, to empower your growth aspirations, we introduce CGTMSE Backed Loans. Now access funds without any collateral* to fuel your business expansion.
Features
- Collateral Free Loans up to ₹5 crore*
- Products offered: Term Loan, Working Capital Term/Demand Loan, Cash Credit/Overdraft.
- Purpose of Loan: To finance Working Capital and Capital Expenditure requirements.
- Tenure of Loan:
- Term Loan: Up to 7 years
- Working Capital Term Loan: Up to 5 years
- Cash Credit (CC) or Overdraft (OD) facility: 12 months (renewable)
- Annual Guarantee Fee (AGF): Payable on annual basis as per CGTMSE Guidelines.
Benefit
Bank finance to grow your business
Zero Collateral
Quick Turnaround
Attractive Interest Rates
Minimal Documentation
Eligibility
- Micro and Small Enterprises (MSEs) engaged in manufacturing and service activity as defined under MSME Development Act 2006 and MSEs engaged in retail and wholesale trade.
- Valid Udyam Registration Certificate (URC)
- GST Registration
- Minimum Operational Period of 3 years.
Documents Required
- KYC documents, Valid PAN Card, GST Returns, Bank Statements and ITR Returns
- Additional documents* may be requested in accordance with IndusInd Bank's policy and CGTMSE guidelines
For more information on CGTMSE, visit www.cgtmse.in.
*Terms & Conditions apply