Archive · 11 Jun 2025
Vedanta, Central Bank Partner on Collateral-Free Financing
Vedanta Aluminium and Central Bank of India are teaming up to offer loans to businesses, especially those in the manufacturing sector, without needing collateral.
This partnership aims to make it easier for businesses, particularly smaller ones, to get money for their operations.
The loans will be managed through Vedanta's online platform, offering quick access and automated tracking.
Loan amounts vary from Rs 10 lakh to Rs 10 crore, with competitive interest rates and a 90-day repayment period.
This is designed to support business growth in the downstream metal industry.
Vedanta Aluminium partnered with Central Bank of India for collateral-free financing.
The partnership aims to provide loans to OEMs and MSMEs.
Financing will be integrated into Vedanta's Metal Bazaar for digital coordination.
Loan limits range from Rs 10 lakh to Rs 10 crore, with potential for higher limits.
Customers will benefit from competitive interest rates and a 90-day repayment period.
- Who
- Vedanta Aluminium and Central Bank of India
- What
- Partnership for collateral-free customer financing
- When
- Published on June 11, 2025
- Where
- N/A
- Why
- To provide working capital for OEMs and MSMEs
- Partners
- Vedanta Aluminium and Central Bank of India
- Type of Financing
- Collateral-free
- Target Customers
- OEMs and MSMEs
- Loan Limits
- ₹10 lakh to ₹10 crore
- Repayment Period
- 90 days
- Platform
- Vedanta Metal Bazaar
