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IND GST SAHAY

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GST Sahay is a digital platform designed to provide collateral-free, invoice-based financing to MSMEs in India.

Key Features of IND GST Sahay:

Digital and Paperless Process: The entire loan journey, from application to disbursement, is digitized, utilizing components such as e-sign, e-stamping, and eNACH mandates to ensure a seamless experience.

Quick Disbursement: Eligible businesses can receive funds in less than 24 hours, addressing immediate working capital needs efficiently.

The application is hosted on our ‘IndSMART’ mobile banking application under ‘Apply Loan’ section

Key Product Features

Particulars	Guidelines
Target Group	All MSMEs (Individual / Proprietorship Constitution) GST registered customers
Eligibility	As under: – Individual / Proprietorship firms Customers registered with IND SMART application. Customers registered with GST at least for a period of 12 Months. Customers without any Cash Credit limits.
Purpose	Working capital requirements only
Nature of facility	Short Term Loan based on GST Invoice.
Loan Assessment	Based on the GST Sales Invoice. Maximum invoice age 45 days.
Margin	10% to 20%
Rate of Interest	Repo Based
Loan Quantum	Minimum Borrowing Per invoice-₹ 0.10 lakhs Maximum Borrowing per invoice-₹ 2.00 lakhs Maximum Per Borrower Ceiling-₹ 5.00 lakhs Initially the quantum of loan is capped at ₹ 5.00 lakhs
Tenor of Loan	60 days
Documentation	As per the Bank’s extant guidelines
Eligible CIBIL/CIC Score	CMR Rank-1 to 4 CIBIL score 730 & above DPD not more than 45 days
Prepayment/ foreclosure	The loan may be pre-paid / foreclosed at any point of time without any foreclosure/pre-payment charges.
Digital Journey	Applications are allowed only through the IND SMART Application

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( Last modified on Mar 21, 2025 at 04:03:16 PM )

ADYA