Indian Bank Invoice / Bill Discounting
Indian Bank, headquartered in Chennai and established in 1907, offers invoice discounting through its 'IND GST SAHAY' scheme — a collateral-free, digital financing facility for GST-registered borrowers, accessed via the IndSMART app with e-sign, e-stamping, and eNACH per the bank's extant guidelines. The rate ranges from 9.25% to 10.25% on a floating basis, scoring-dependent within that band.
Per-invoice financing runs from ₹10,000 to ₹2 lakh, with an initial ₹5 lakh ceiling per borrower; invoices must be no older than 45 days, margin is 10% to 20%, and the tenor is fixed at 2 months. Borrowers must not hold an existing cash credit limit and must have a default history of 45 days or less. There is no prepayment penalty, and disbursal is stated at under 24 hours. CIBIL score, age, salary, and employment type criteria are not published for this product.
Documents required
- per "extant guidelines" (not itemized)
- digital e-sign/e-stamping/eNACH
- IndSMART app registration
As published by Indian Bank. Your branch may ask for more.
Eligibility
Loan terms
- "IND GST SAHAY" — collateral-free invoice-based digital financing
- per-invoice min ₹0.10L/max ₹2L, ₹5L initial per-borrower ceiling
- fixed 60-day tenor
- disbursal <24hrs
- max invoice age 45 days
Fees & charges
FAQ
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.