IND GST SAHAY IND GST Sahay
A short, collateral free Indian Bank loan against your GST sales invoices, for sole owners and proprietorship firms who need working capital while waiting to be paid.
Last updated on
- Status
- Open
- Run by
- Indian Bank
What you get
- ₹10,000 to ₹2 lakh per invoice, up to ₹5 lakh per borrower to start with
- Each loan runs for 60 days, against invoices up to 45 days old
- No collateral
- Paperless, with e-sign and e-stamping. The page says funds can arrive in under 24 hours
- Can be repaid early with no charge
Who can apply
- Businesses that are already running.
- Micro, small and medium enterprises.
- The most on offer is ₹5 lakh.
- Individuals and proprietorship firms only
- GST registered for at least 12 months
- Must be registered on the IndSMART app
- No existing cash credit limit
- Good credit record as set out on the product page
How to apply
- Install and register on the Indian Bank IndSMART mobile app
- Go to Apply Loan and choose GST Sahay
- Pick the GST invoices you want finance against and sign digitally
In Kerala, Only through the Indian Bank IndSMART mobile app, from anywhere in Kerala
Where we found this
An independent guide by The Company of Four, not a government website. Schemes change often, so check every detail on the official website before you apply. Links marked ↗ open external websites that we do not run, and we are not responsible for their content. Seen something out of date? Tell us and we will look into it.