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Indian Bank

IND SME Secure

Bank Indian Bank
Scheme IND SME Secure


Description This loan helps businesses in the Small and Micro Enterprises (SME) sector meet their capital expenditure and working capital requirements. Proprietorships, partnerships and limited companies in the manufacturing and services sector that fit SME definition are eligible for this loan.
Rate of Interest & Repayment Interest

  • The interest rate for this loan is defined as the sum of one-year MCLR of the bank and Credit Risk Spread. As of now, the MCLR of Indian Bank is 7.30% and the Credit Risk Spread, as the name suggests, depends on the credit risk rating of the borrower. It can range from 1.10% to 5.60%, making the effective interest rate range anywhere from 8.40% to 12.90%


  • These loans need to be repaid within 10 years
  • The moratorium period for this loan is not mentioned on the bank’s website. Please get in touch with the bank to know more


  • Working Capital Loan: The bank asks for hypothecation of stocks and book debts
  • Term Loan: The bank also asks the borrower for equitable mortgage of land and/or building as collateral


Composite /loan Limit
  • The minimum loan amount sanctioned under this loan is Rs. 10 lakh. The maximum loan amount sanctioned under this loan is not capped by the bank and depends on the needs of the borrower. The actual loan amount sanctioned is decided based on the repayment capacity of the borrower


Margin The bank charges anywhere from 25% to 30% of total cost as margin money
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