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IB Star Agro Mills (Rice Mill, Dhal Mill, Oil Mill and Flour Mill)

Term-loan and cash-credit finance for rice, dhal, oil and flour mills, with project-cost assessment, published working-capital margins and availability.

Interest rateRefer to the current Indian Bank Lending Rates link; no single product percentage is printed on the page.Maximum amountBased on project cost; no universal maximum is published.TenureTerm loans up to seven years with up to 12-month holiday; working capital one year with annual renewal.
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Quick eligibility check

IB Star Agro Mills (Rice Mill, Dhal Mill, Oil Mill and Flour Mill)

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: new units need a viable project and existing units need two years of consistent net profit?

Published source: Minimum income

2Do you meet this requirement: New or existing rice, dhal, oil and flour mills?

Published source: Eligibility

3Do you meet this requirement: new units need satisfactory promoter track record, group affiliation and viable project, while existing units need consistent net profit for at least two years?

Published source: Eligibility

4Do you meet this product condition: Project report, promoter/project history, machinery and property records, stock/book-debt statements, KYC and security/CGTMSE records?

Published source: Required documents

5Do you meet this requirement: New units need a satisfactory promoter track record, group affiliation and viable project?

6Document checkDo you have this required document or proof: Project report and cost/machinery records?

Published source: Required documents

7Document checkDo you have this required document or proof: Promoter track record and financial statements?

Published source: Required documents

8Document checkDo you have this required document or proof: Stock and book-debt statements?

Published source: Required documents

9Document checkDo you have this required document or proof: Property, hypothecation and CGTMSE records?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeTerm loan and cash credit.View source
The official page lists term loan and cash credit.
Source
IB Star Agro Mills
Page / section
Type of Facility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateRefer to the current Indian Bank Lending Rates link; no single product percentage is printed on the page.View source
The rate row refers customers to the bank Lending Rates link.
Source
IB Star Agro Mills rate review
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkNo product-specific benchmark or spread is printed; current lending rates apply.View source
The page contains a link reference but no formula.
Source
IB Star Agro Mills benchmark review
Page / section
Rate of Interest
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage is published.View source
No appears in the published criteria.
Source
IB Star Agro Mills review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income threshold is published; new units need a viable project and existing units need two years of consistent net profit.View source
The official eligibility rows use project viability and profit history rather than a salary floor.
Source
IB Star Agro Mills eligibility review
Page / section
Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountBased on project cost; no universal maximum is published.View source
The page says finance is based on project cost without a ceiling.
Source
IB Star Agro Mills quantum
Page / section
Quantum of finance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureTerm loans up to seven years with up to 12-month holiday; working capital one year with annual renewal.View source
The official repayment rows publish seven years, 12-month holiday and one-year renewable working capital.
Source
IB Star Agro Mills repayment
Page / section
Repayment Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeAs per the service-charge circular for agricultural advances; no product-specific amount is printed.View source
The official page refers to the service-charge circular.
Source
IB Star Agro Mills fee review
Page / section
Processing Charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNo separate charge is published.View source
The page does not state a foreclosure charge.
Source
IB Star Agro Mills prepayment review
Page / section
Complete product criteria
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityNew or existing rice, dhal, oil and flour mills; new units need satisfactory promoter track record, group affiliation and viable project, while existing units need consistent net profit for at least two years.View source
The target and eligibility rows define the four mill types and new/existing unit tests.
Source
IB Star Agro Mills eligibility
Page / section
Target Group; Eligibility
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsProject report, promoter/project history, machinery and property records, stock/book-debt statements, KYC and security/CGTMSE records.View source
The page identifies project, margin, security and guarantee evidence required for appraisal.
Source
IB Star Agro Mills documentation
Page / section
Eligibility; margins; security
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Term loan and cash credit
  • Term-loan repayment up to seven years with up to 12-month holiday
  • 20% stock margin below ₹1 crore and 25% from ₹1 crore
  • Collateral nil up to ₹20 lakh
  • coverage for eligible borrowers

Eligibility

  • New units need a satisfactory promoter track record, group affiliation and viable project.
  • Existing units must have made consistent net profits for at least two years.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Project report and cost/machinery records
  • Promoter track record and financial statements
  • Stock and book-debt statements
  • Property, hypothecation and records
  • and constitution documents

Related official documents

Interest Rates for Agri Products and Interest Rate Range — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗
IB Star Agro Mills — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Loan repayment estimate

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One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

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Target group · Published detailNew/existing rice, dhal, oil and flour mills.

This value is copied from IB Star Agro Mills — published terms. Check the table notes before relying on it.

Source: IB Star Agro Mills · Complete product criteria Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 2 columnsIB Star Agro Mills — published termsCurrent Indian Bank rice, dhal, oil and flour mill finance terms.View tableHide table

Scroll sideways to view every column

IB Star Agro Mills — published terms
ParameterPublished detail
Target groupNew/existing rice, dhal, oil and flour mills.
FacilityTerm loan and cash credit.
EligibilityNew: promoter track record, group affiliation and viable project. Existing: consistent net profit for at least two years.
QuantumBased on project cost.
MarginsTerm loan 25% new machinery and 30% landed property/building; stocks 20% below ₹1 crore and 25% from ₹1 crore; book debts 25% up to 90 days.
RepaymentTerm loans up to seven years with 12-month holiday; working capital one year with annual renewal.
Rate/feeRefer Lending Rates and agriculture service-charge circular; no single product number printed.
SecurityHypothecation; collateral nil up to ₹20 lakh and collateral above; available.
IB Star Agro Mills · Complete product criteria · accessed 31 Aug 2026Open official source ↗

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