Public Sector Bank (PSU)Term Loan (Capex / Expansion)Women-Led Enterprises🛡️CGTMSE CoveredVerified: 2026-09-29

Indian Overseas Bank IOB Mahila Plus (Women MSME)

Primary Lending Institution:Indian Overseas Bank (IOB)

₹2 Lakh to ₹1 Crore MSME credit at 8.45% – 9.75% with Up to 7 years tenure.

Interest Rate8.45% – 9.75%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹2 Lakh to ₹1 CroreBased on turnover & project cost

Repayment TenureUp to 7 yearsWith moratorium where applicable

Collateral SecurityAt least 51% proprietary/equity ownership must be held by female promoter.

What's Missing: Crucial Fine-Print & Exclusion Gaps

At least 51% proprietary/equity ownership must be held by female promoter.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Indian Overseas Bank IOB Mahila Plus (Women MSME)?

Concessional credit scheme for women entrepreneurs with special interest waivers and no processing charges.

Key Benefits & Features

0.50% interest concession; zero processing charges; quick sanction; handholding support.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Women entrepreneurs managing MSME businesses.

Business VintageNew & Existing units eligible

Min. Annual TurnoverTurnover proportionate

Processing FeeNil processing fee

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.iob.in/iob-mahila-plus with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Indian Overseas Bank IOB Mahila Plus (Women MSME)?

Borrowers can avail ₹2 Lakh to ₹1 Crore with a repayment tenure of Up to 7 years.

What are the processing charges and collateral terms for Indian Overseas Bank IOB Mahila Plus (Women MSME)?

The processing fee is Nil processing fee. Collateral terms: At least 51% proprietary/equity ownership must be held by female promoter.

What are the eligibility criteria for Indian Overseas Bank IOB Mahila Plus (Women MSME)?

Women entrepreneurs managing MSME businesses. Minimum business vintage required is 0 year(s).

How can an applicant apply for Indian Overseas Bank IOB Mahila Plus (Women MSME)?

Apply online at https://www.iob.in/iob-mahila-plus or visit nearest branch with KYC, Udyam registration, and bank statements.