i-Prompt MSME Renewal

Overview

Another digital transformational initiative of IDBI Bank for our MSME entrepreneurs. Renewal of Working Capital facility /Review of Term Loan made simpler through the Bank’s website in a faster and convenient mode. The journey enables application submission, document upload and real-time tracking of application.

Click here for quicker Renewal / Review of WC / TL

Features

Sanction Process	It will be end to end digital process .
Security	The existing securities will continue
Target Clientele	All existing MSME customers
Facility Offered	Cash Credit/OD/TL
Amount	Above Rs. 10 Lakh up to Rs 50 Lakhs
Tenure	12 Months

Advantages

The i-Prompt MSME Renewal is an initiative designed to provide quick and easy access to credit for MSMEs leveraging their GST registration and transaction data.

Documents Required

All ETB (Existing to Bank) MSME-NSRA accounts having valid GST Registration and valid Udyam Registration Certificate.

Business Entity / Borrower should have valid GST return i.e. GSTR-1, GST 3B for latest 12 months and/or GSTR-4 of latest Quarter.

How to Apply

Apply with existing IDBI bank account number upload latest ITR, and provide GST details through GSTN consent.

System automatically verifies identity, income, and business revenue.

Loan eligibility is assessed through automated processing.

Application is approved or rejected based on the assessment.

Nodal Grievance Redressal

IDBI Bank is committed to providing excellent customer service. For any grievances related to the i-PROMPT product product, please contact our Nodal Grievance Redressal Officer:

Shri Deepak Bhaskar Shejwal
Designation: DGM

Tel Number
022-6619 4296
Email deepak.shejwal@idbi.co.in
Address
IDBI Towers, World Trade Center Complex, Cuffe Parade, Colaba, Mumbai Pin :400005, Maharashtra

For escalated grievances, customers may also contact the Banking Ombudsman as per the Reserve Bank of India's Integrated Ombudsman Scheme.

Please visit https://sachet.rbi.org.in/ to verify financial entities and report / track any scams

LSP (Loan Service Provider)

Present LSP Is Score Me.

Data Policy Update

IDBI Bank is committed to protecting the privacy and security of your data. Our data policy outlines how we collect, use, and protect your information.

We collect data necessary for processing your loan application and providing related services.
We use your data to assess your creditworthiness, manage your loan account, and comply with regulatory requirements.
We implement robust security measures to protect your data from unauthorized access and disclosure.
We may share data with authorized third parties for specific purposes, such as credit bureaus or regulatory authorities, with your consent or as required by law.
For detailed information please refer to our full data policy document available on our website.

Privacy Policy

IDBI Bank's Privacy Policy details our commitment to safeguarding your personal information.

We collect personal information only for legitimate business purposes.
We maintain strict confidentiality of your personal information.
We provide you with choices regarding the collection and use of your personal information.
We adhere to all applicable privacy laws and regulations.
For detailed information please refer to our full Privacy Policy document available on our website.

Disclaimer

Loan approval is subject to IDBI Bank's credit policies and discretion.
Terms and conditions apply.
Interest rates are subject to change.
Information provided is subject to change. Please refer to the most updated version on the official IDBI bank website.