Higher Limit
Overview
IndusInd Bank’s GST Working Capital Loans are crafted to provide businesses with a seamless working capital solution, leveraging GST returns to support your cash flow needs. Our facility offers competitive interest rates and flexible terms to ensure you have the financial flexibility required to maintain and grow your operations. Designed for established businesses with a solid track record, this overdraft facility simplifies access to funds with minimal requirements for collateral and documentation.
Our process is streamlined for quick approvals and disbursals, so you can focus on business development without delays. IndusInd Bank ensures that you have the resources to manage expenses efficiently and seize new opportunities, all while maintaining a healthy financial position.
Features
A flagship product with class leading features
Lending up to 30% of turnover
Highest Value
Best-in-class Loan Value against Collateral
Minimal Documentation
Financial Statements or ITRs not required
Faster TAT
Instant approval within 24 hours*
Lower Costs
Special concessions for Women Entrepreneurs
Versatile Collateral Options
Residential, Commercial, Industrial & Liquid Securities
Eligibility Criteria
As simple as 3… 2… 1...
3 years of Business Vintage
2 years as a Profitable Business
1 Year of GST & Bank Statements
Document Checklist & Credit Timeline
Credit Decisioning Timeline
| Loan Amount | Timeline |
|---|---|
| Loan amount less than 25 Lakhs | Applications will be decided within 14 working days |
| Loan amount more than 25 lakhs | Applications will be decided within 45 working days |
| *Timelines are subject to the submission of a complete set of documents by the customer | |
Document Checklist
| List of Documents |
|---|
| Application form/Customer request letter |
| MOA/AOA/ Partnership deed along with ROF in case collateral is in partnership firm name |
| KYC & Pan Details of Borrower/Relevant Parties |
| GST Registration cetificate & GST Returns |
Click here to download the full list of documents:
- List of Documents for Loan Amount less than 2 Crores
- List of Documents for Loan Amount more than 2 Crores
*List is illustrative & additional documents may be required on a case-to-case basis.