Corporate Business Loans from Indian Bank
Indian Bank is one of the state-owned Indian banks offering a range of finance products to different segments of its customer base. These loans are aimed at providing financial support to businesses that need funds for working capital, capital expenditure, business expansion and other needs. As of April 2020, Indian Bank offers business loans to help businesses meet their business needs.
The business loans offered by Indian Bank are:
- Export Credit
- SHG Bank Linkage Programme
We give you a brief intro to the loans below. In addition you have the option to click further and read in detail about most of the loans in a specific page of their own. This specific page has been made specifically for you to get all the information you need on that loan in an uncluttered and easy-to-read format. In case information is less or not available, we have been not been able to create an information page as yet, but we may do so in the course of the next few months.
Indian Bank Business Loan for Export Finance
This loan helps businesses pay for pre-shipment, post-shipment, and other activities right from sourcing, manufacturing or converting semi-finished into finished goods and services to importing raw materials and capital goods for export business.
Features of Indian Bank Export Finance Business Loan
Why this Loan?
- This loan is meant for you if your business needs funds for any activity directly related to your export business whether it is pre-shipment or post-shipment
- The bank extends this loan at the pre-shipment as well as post-shipment stage in Indian currency and foreign currency
SHG Bank Linkage Programme
The Indian Bank SHG Bank Linkage Loan Programme helps Self-Help Groups attain funds for various income generation or livelihood-related activities to help them raise their income levels and standard of living. The maximum loan amount sanctioned under this loan is Rs. 10 lakh.
Features of Self-Help Group (SHG) Bank Linkage Programme
Why this Loan?
- This business loan can be availed by Self-Help groups for income generation or livelihood related activities
- The maximum loan amount sanctioned under this loan is Rs. 10 lakh
For more details on this loan, please click anywhere on this sentence to get to its specific page.
Important Note: Indian Bank may offer more corporate loan options that are not yet published on the website. Please get in touch with the nearest branch to check the loan schemes they offer. This will also help you get a custom quote since many loan schemes are need-based and certain charges such as application charges, service charges, Strategic Premium, etc. may be decided on a case-to-case basis.
Documents Needed for Individuals
- Loan Application Form duly filled and signed by the applicant and co-applicant, if any
- Two Passport Size Photographs of applicant and co-applicant
- Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card / PAN Card Issuing Letter is must
- Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
- Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
Documents Needed for Self-Help Groups
- Duly-filled and signed Loan Application Form
- Loan Authorisation Letter
- ID, Address and Banking Proof: Letter of Certification from empanelled SHPI certified by NABARD Official empowered at the village or taluka level, SHG Registration certificate, Passbook of existing account with a public sector/scheduled commercial bank, original letter of introduction from a bank official of a public sector bank, KYC certification by empanelled business correspondent of the bank, Voter ID card, Sarpanch Letter
- Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
- Direct Debit Form, ECS Mandate or PDC Declaration
- SHPI Recommendation letter
- Repayment track record if the group has credit linkage with any other bank or financial institution
Documents Needed for Proprietorship and Partnership Firms
- Loan Application Form duly filled and signed
- Partnership Deed and Partnership Registration Certificate
- ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Documents Needed for Private Limited and Public Limited Companies
- Application Form duly filled and signed
- Company ID Proof: Company’s PAN Card
- Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
- Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
- Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
- Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
- Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
- Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
Reference Facts
- Indian Bank Website: www.indianbank.in
- Headquarters: Chennai, Tamil Nadu
- Call Centre Toll-Free Number: 1800 425 00 000, 1800 425 4422