MSME Cash Flow Based Lending (MUDRA STP) IOB Cash Flow Based Lending
A collateral free Indian Overseas Bank term loan or cash credit of up to ₹10 lakh for small running businesses, applied for online through the JanSamarth portal.
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- Cost to apply
- No charges for loans up to ₹50,000, as stated on the product page
- Status
- Open
- Run by
- Indian Overseas Bank
What you get
- Up to ₹10 lakh as a term loan or cash credit
- No collateral. Covered under CGTMSE or the Mudra guarantee fund
- No margin up to ₹50,000, then 15% to 25% depending on size and type
- Term loans repaid over up to 60 months, cash credit renewed every year
- No charges at all for loans up to ₹50,000
Who can apply
- Businesses that are already running.
- The most on offer is ₹10 lakh.
- Udyam registration is needed. It is free.
- Proprietorships, partnerships, LLPs and private limited companies with an existing business and good turnover
- Credit score of 680 or more for new customers or those with no credit history
How to apply
- Apply on the JanSamarth portal and choose Indian Overseas Bank
- Or visit your nearest IOB branch
In person, nearest Indian Overseas Bank branch
In Kerala, online through the JanSamarth portal, choosing Indian Overseas Bank, or any IOB branch 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 Seen something out of date?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.