SIB GST Power Business Loan

Maximise Your Business Potential

Tailored Financing | Flexible Working Capital | Empowering MSMEs & Agro-Processing Units

Running a successful business requires consistent access to working capital. South Indian Bank’s GST Power Business Loan is a dedicated GST-based overdraft facility designed to provide MSMEs andagro-processing units with the financial flexibility to manage operational needs, scale their business,and seize new opportunities. With simple eligibility criteria, competitive terms, and personalised support, we make financing hassle-free and efficient.

Key Features and Benefits

GST-Based Overdraft Facility

Customised Repayment Terms

Competitive Interest Rates

Quick Processing & Disbursal

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SIB GST Power Business Loan

What is GST Power Business Loan?

The GST Power Business Loan works as a flexible overdraft facility based on the firms GST returns and financial track record. With minimal documentation and one day sanction turnaround, eligible GST registered MSMEs and agro processing units can now secure a credit limit quickly, enabling faster access to funds.
The loan is secured with collateral and interest is charged only on the amount utilised, making it a cost-effective financing option. Businesses can repay and redraw funds within the sanctioned limit, ensuring continuous liquidity.

Explore the key benefits of SIB GST Power Business loan tailored to support your working capital and growth needs

GST Based Overdraft Facility – Flexible financing to meet your working capital needs
Loan Amounts – Avail funding from Rs.10 Lakhs up to Rs. 5 Crore
One-Day Sanction – Fas track approval process with sanctions issued within a single working day
Competitive Interest Rates – Cost-effective borrowing to support your business growth
Quick Processing & Disbursal – Transparent process with minimal downtime

Here is the eligibility criteria for SIB GST Power Business Loan:

Sole Banking MSME Enterprises & Agro-Processing Units – With a minimum of 3 years of business operations
Udyam Registration – Businesses must be Udyam-registered
GST Registration – Only GST-registered businesses can apply
Profitable Business Track Record – The entity must report net profit after tax as per the latest financials

Not Eligible – Non-GST units, contractors, construction companies, and builders

Documents required for your SIB GST Power Business Loan application are listed below:

Entity related Documents	GST Registration Certificate UDYAM Registration Certificate PAN Number Entity proof viz, Sole Proprietorship Declaration/ Memorandum and articles of association of the Company/Existing Partnership Deed etc. Last one year financial statement of the business with schedules. One year account statement (e PDF)
Promoter & Property related Documents	Proof of identity: PAN Card, Aadhaar & any address proof of proprietor/partners / Directors).(Voter Id, DL, Passport etc) All Property related documents for valuation
Other Documents to be ensured before disbursement	Local Body License/ Statutory license ( to be obtained and kept in records) INW statement of promoters and guarantors. Rent Agreement (if business premises on rent). In case of own premises, proof of ownership.
Online Validations	GST returns ITR Udyam

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Online Application:

Enter your details here and our representative will connect with you.

Offline Application:

Visit Your Nearest Branch – Discuss your business needs with our loan officer. Branch locator
Complete the Application Process – Submit the required documents with minimal paperwork through our state-of-the-art digital platform and benefit from a one-day digital sanction.
Approval & Disbursal – Once approved, funds are made available quickly.

QUESTIONS & ANSWERS

Frequently Asked Questions

Get answers to your queries

Sole banking MSME enterprises and agro-processing units with at least 3 years of business experience can apply. Businesses with 2–3 years of experience may require special approval.

No, this facility is only available for GST-registered businesses with Udyam Registration.

The loan amount ranges from Rs. 10.00 Lakhs to Rs. 5.00 Crore, depending on the business’s financial profile.

Competitive rates, based on the applicant’s creditworthiness and business profile.

Yes, collateral security is required as per the bank’s guidelines.