INDOREBANK LAGHU UDYAMI CREDIT CARD SCHEME

• ELIGIBILITY : Scheme is available to existing customers with satisfactory track record enjoying credit limit upto Rs.10 lacs
• SPECIAL FEATURES : Hassle free, simplified scheme. No Balance sheet & other formalities required.
• STOCK STATEMENT :  waived.
• CREDIT LIMIT : (i) Small Business, Small Industry, Artisans, Retail Traders etc.: 20% of annual turnover with a maximum Rs.10 lacs.
• (ii) For Professionals & Self Employed like Doctor, Engg. C.A., : 50% of their gross annual income as per Income tax return with a maximum of Rs.10 lacs.

PROFESSIONAL PLUS

• ELIGIBILITY : Composite package of loans schemes for professional & self employed persons, who is graduate in respect of his field like Chartered Accountant, Engineers, Architects, LLB, etc.
• PURPOSE : Finance is available for purchase of Vehicles/Computers, Equipments, Books, Setting up/ Expansion/Renovation/modernisation of office etc.
• LOAN LIMIT :  Rs.10 lac with sub-limit for working capital Rs.2 lac.
• REPAYMENT : 5 to 10 years.
• SECURITY :  No Collateral for & upto loan of Rs.5 lac.
• MARGIN: Upto loan Rs.25000/-     Zero

         Between Rs.25000/-to Rs.5/- lac    10%    Above Rs.5 lac     20%

DOCTOR PLUS

Multiple specialized loans Scheme for Doctors.

• PURPOSE : Loan is available for Nursing homes, Hospital, Pathology Lab, X-ray Machine, Ambulance, Car, House, Equipment &  Medical Stores etc.
• LOAN LIMIT : Rural  & Semi urban area Rs. 15 lac with a working capital sub-limit Rs.3 lac and Urban & Metro Center Maximum loan limit Rs.25 lac with a  working capital sub-limit Rs. 2 lac.
• REPAYMENT: 5 to 10 years.
• SECURITY : No collateral security upto loan Rs.5 lac.
• MARGIN :   Upto loan Rs.25000/-  Zero.

         Between Rs.25000/-to Rs.5/- lac       10%   Above Rs.5 lac           20% \

ARTISANS CREDIT CARD SCHEME

• ELIGIBILITY : Scheme is available to existing customers with satisfactory track record enjoying     credit limit upto Rs. 2 lac.
• SPECIAL FEATURES :  Hassle free, simplified scheme. No balance sheet and other formalities required.
• STOCK STATEMENT : waived.
• CREDIT LIMIT : sanctioned considering the cost of machineries/ equipments and  requirement of working capital. Working Capital limit may be 20% of annual turn over with a maximum of Rs.2 lac.