India Bank Turns GST Invoices Into Credit

Indian Bank is hosting IND GST SAHAY inside its IndSMART mobile app and permits applications only through the app’s “Apply Loan” flow, according to the bank’s product page. (indianbank.bank.in) The product’s documented digital stack includes e‑sign, e‑stamping and eNACH-enabled execution and the bank advertises sub‑24‑hour disbursements for eligible customers. (indianbank.bank.in) Eligibility rules require GST registration for at least 12 months, no existing cash‑credit limits, maximum invoice age of 45 days for financing, and credit thresholds that include a CIBIL score of 730+ and DPD not exceeding 45 days. (indianbank.bank.in) Pricing and sizing are tightly capped at launch: per‑invoice advances run from a minimum ₹0.10 lakh to a maximum ₹2.00 lakh, an initial per‑borrower ceiling of ₹5.00 lakh, a 60‑day tenor, and margins of 10–20% with repo‑linked interest. (indianbank.bank.in) IND GST SAHAY sits on the broader SIDBI GST Sahay infrastructure built by SIDBI, OPL and iSPIRT, which uses the OCEN and Account‑Aggregator frameworks to enable paperless, API‑driven invoice financing for lenders. (sidbi4u.sidbi.in) SIDBI has positioned GST Sahay as a marketplace that lenders can plug into—earlier briefs cited invoice‑loan sizes starting at ₹10,000 and platform proof‑of‑concepts that anticipated offers up to ~₹3 lakh per invoice and a central invoice database hosted by SIDBI. (financialexpress.com) The combined setup — app‑only origination, automated GST and bank‑linking data pulls, and digital document execution — enforces tighter borrower profiles (no CC accounts, recent GST activity) and shorter tenors that favor rapid, receivable‑backed working capital use cases over longer‑term asset finance exposures. (sidbi4u.sidbi.in)