Indian Bank business loans

The screen your file has to clear

What is checked before anything else, and applies to every product below.

What Indian Bank lends, and on what terms

What has actually been offered on live transactions, not brochure numbers. Treat them as the band you are likely to be quoted inside, not a promise. Open a row for that product's credit box.

Also offered, with no terms observed yet: Working Capital Demand Loan.

What borrowers ask about Indian Bank

What does Indian Bank lend?

Indian Bank writes working capital demand loan.

What are Indian Bank's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

What security does Indian Bank ask for?

Observed across sanctions: Personal Guarantee Of Promoters/Directors (100%) · Escrow Of Cashflows (100%) · 1st/pari-passu charge on current assets (100%) · Fixed Deposit <5% (100%) · FD margin 5–10% (100%) · FD margin 10–15% (100%) · FD margin 15–20% (100%) · FD margin 20–30% (100%) · FD margin 30–40% (100%) · FD margin 40–50% (100%) · Commercial/Office Property/Factory Building - Exclusive First Charge (100%) · Corporate Guarantee (100%) · Warrants >10% (100%).

How do I apply to Indian Bank?

You do not apply to Indian Bank directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Indian Bank's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

Is Indian Bank the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Indian Bank screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.