MSME LAP MSME Loan Against Property
An Indian Bank loan against property for Udyam registered MSMEs, to expand, buy machinery or other assets, or buy, build or renovate business premises.
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- Status
- Open
- Run by
- Indian Bank
What you get
- Term loan or dropline overdraft from above ₹10 lakh up to ₹25 crore
- Repay over up to 120 months, extendable to 180 months in some cases
- Holiday of up to 6 months after disbursement
- Loan up to 60% of the property value, or 70% where the margin is relaxed
- Takeover of loans from other lenders is allowed
Who can apply
- Micro, small and medium enterprises.
- The most on offer is ₹25 crore.
- Udyam registration is needed. It is free.
- Individuals, proprietorships, partnerships, LLPs, companies, societies or trusts. HUFs are not allowed
- Property owner aged 18 or over at the start and no older than 70 when the loan ends
- Property must be mortgaged to the bank alone and be in a town of 10,000 people or more
- Agricultural, disputed or tax attached property is not accepted
How to apply
- Open the product page and choose Apply For Loan to fill in the bank's online loan enquiry form
- Or visit your nearest Indian Bank branch with your property papers
In person, nearest Indian Bank branch
In Kerala, any Indian Bank branch in Kerala, or the online loan enquiry form on the product page
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 Seen something out of date?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.