IND GST SAHAY
IND GST SAHAY
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: –
|
| 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 |
|
| Tenor of Loan | 60 days |
| Documentation | As per the Bank’s extant guidelines |
| Eligible CIBIL/CIC Score |
|
| 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 |
Disclaimer
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