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IndusInd Bank is one of the leading financial institutions offering a diverse range of credit products for smooth operations and growth of businesses. You can use these funds to address your day-to-day expenses and to capitalise on growth opportunities. 

IndusInd Bank Business Loan Interest Rate & Charges

Here are the interest rates and charges associated with the IndusInd Bank Business Loan:

Processing Fees

Up to 3% of the sanctioned amount (plus taxes)

Interest Rate

13% to 22%

Foreclosure Charges

Up to 5.5% based on the scheme and loan tenure 

Disclaimer: The interest rates and charges listed above are subject to change as per the bank’s policies.

Features of the IndusInd Bank Business Loan

Here are the benefits and features of an IndusInd Bank Business Loan:

High Loan Amounts

At IndusInd Bank, you can get ample funding that can go up to ₹50 Lakhs. 

Longer Repayment Tenure

You can repay the business loan conveniently for up to 48 months as per your preference and affordability.

Loan for Various Purposes

You can get a loan to meet various purposes, such as business expansion, covering medium and long-term working capital needs, and much more.

Simple Application

You can benefit from door-to-door service, quick loan sanction and an easy application process with minimal documentation requirements.

IndusInd Bank Business Loan EMI Calculator

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IndusInd Bank Business Loan Eligibility

Here are the eligibility criteria that a business needs to meet to get an IndusInd Bank Business Loan:

  • Minimum Turnover: ₹1 Crore in the last financial year with audited financial statements for the last 3 years

  • Profitability: Positive PBDT in the last 3 years

  • Age: Must be between 25 years and 70 years

  • Business Vintage: At least 3 years

  • Ownership: Must own a property

  • Past Payment History: Clean track in the last 12 months for a loan of at least ₹4 Lakhs

Documents Required

Check out the documents that a business needs to submit when opting for an IndusInd Bank Business Loan:

  • Application Form: Completed application form with a passport-size photograph

  • KYC Documents: Valid address/identity/signature/date of birth proof

  • Business Continuity Proof: Company PAN card/ GST registration/ Excise registration/SSI certificate, other government-issued certificates

  • Constitutional Documents: Bank statements/Deed/PAN card/MOA /AOA /Certificate of Incorporation

  • Ownership proof: Copy of Sales Deed/ Latest Property tax receipt/ EC/Govt. Leased Deed/Water bill/Electricity bill

  • Banking: Self-attested bank statements for the last 6 months

  • Financials: Copy of ITR of the last 3 years, financial information for the last 3 years, Form 3CD and 3CB, details of ongoing loans

Types of Business Loan Schemes Offered by IndusInd Bank

Here are the various types of business loans that IndusInd Bank offers:

  • Small Ticket Business Loan

This loan helps businesses address their short and mid-term working capital needs. You can get loans of up to ₹20 Lakhs with tenures going up to 36 months.

  • MSME Loan

This is an unsecured loan targeted towards MSME borrowers based in rural, semi-urban, and urban areas.

  • Loans to Merchants and Retailers

Through this loan, the bank offers financing to Bharat Money Store (BMS) merchants and to Bharat Super Shop (BSS) to meet their working capital needs.

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How to Apply for an IndusInd Bank Business Loan

Here are the steps you need to follow to apply for an IndusInd Bank Business Loan:

  • Step 1: Visit the bank’s official website and navigate to the business loan page

  • Step 2: Click on ‘Apply Now’ on the top right corner of the page

  • Step 3: Fill out the application form

  • Step 4: Click on ‘Submit’ 

Once you submit the details, an IndusInd Bank representative will contact you to proceed further with your loan application.

IndusInd Bank Customer Care

You can contact the customer care team of IndusInd Bank in the following ways:

  • Call: 1860 267 7777

  • Email: reachus@indusind.com

DISCLAIMER

The information and suggestions provided by BFDL hereinabove is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort. 

The information including interest rates or fees, loan amount and other charges with regard to any product, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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FAQs on the IndusInd Bank Business Loan

What are the different types of business loans that IndusInd Bank offers?

IndusInd Bank offers various types of business loans, such as small ticket business loans, MSME loans and loans to merchants and retailers.

What is the processing fee for IndusInd Bank business loans?

The processing fee is up to 3% of the sanctioned amount, plus the applicable taxes.

What is the minimal business vintage requirement for an IndusInd Bank business loan?

The minimal business vintage requirement is 3 years.

What is the maximum repayment tenure for IndusInd Bank business loans?

The maximum repayment tenure is 48 months.

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