Indusind Bank Business Loan

With how competitive the market has become, business loans often become necessary for entrepreneurs looking to keep up. IndusInd Bank Business Loan schemes are targeted towards self-employed professionals who are trying to take their business to new heights. 

The IndusInd Business loan is an unsecured, hassle-free, and easy-to-avail option for entrepreneurs. Read on to learn more about IndusInd Bank Business Loan to get the best deal for your business.

Interest rates and charges are important factors that you should consider as they affect your borrowing costs. Given below is an overview of IndusInd Bank Business Loan interest rate and other charges:

**Disclaimer: The above-mentioned charges are subject to change at the lender’s discretion.

With a repayment period of up to 4 years, the IndusInd Bank Business Loan is an ideal solution for businesses. The easy documentation, speedy processing, along with door-step services are just some of the features of the IndusInd Business Loan.

Loan EMI calculators are tools that provide an estimate of your loan repayment figures and the cost of borrowing. You can easily plan your repayment using the IndusInd Bank Business loan EMI Calculator.

With it, you get an estimate of your EMIs and know how well they fit into your budget. Even if you believe you have the most competitive business loan interest rates, you should still assess your financial situation and ensure that you can manage the payments. 

This is because calculating and understanding the terms and conditions, along with the EMIs of your borrowings, can assist you in choosing the ideal tenure and loan amount. To use the calculator, all you need is the IndusInd Business Loan interest rate, loan amount, and tenure.

Once you enter values, the estimated EMI value will appear on your screen instantly. The EMI calculator is easily accessible online on the bank’s official website and is free of charge. Remember, planning your business loan is key and will help you avoid costly mistakes. 

To complete your IndusInd Bank Business loan application, you will need to submit the following documents:

• Application form with recent passport-sized photographs

• Valid KYC paperwork (identity, address, date of birth or signature proof)

• Proof of Business (partnership deed or PAN card of the firm, Business MOA, AOA Certificates, bank statements)

• Proof of Business Continuity (GST registration, Company PAN card, shop & establishment registration, other Govt. issued certificates) 

• Business Ownership Proof (sales deed, property tax receipt, utility bills)

• Banking details under the name of the Business

• Business financials (audit reports, ITR, Form 3CD & 3CB, details of running loans if any)

The IndusInd Bank Business Loan eligibility criteria are divided into two categories, financial and non-financial. The list is given below:

1. Financial criteria:

• Minimum turnover of ₹1 Crore in the last fiscal year and audit reports of three years

• Positive PBDT (Profit Before Depreciation and Tax) for the last 3 years

• Paid-up capital must be greater than or equivalent to ₹10 Lakhs.

2. Non-Financial Criteria:

• Applicant must be a property owner

• Business owner should be 25 to 70 years (above 21 years for 2nd generation business owners)

• At least 3 years of operations

• A clear 12-month credit history for a minimum loan of Rs. 4 Lakhs

To enjoy a seamless application experience and get easy access to funds for your IndusInd Bank Business Loan, apply after you meet the eligibility criteria and have the documents ready. This will help ensure that your application is processed without any hitches. 

• Multi-purpose Loan

The IndusInd Bank Business Loan is suitable for businesses looking for funds to finance expansions, upgrade infrastructure, or bolster working capital. Whether it’s equipment purchases, short-term cash needs, or adding inventory, the IndusInd Business Loan can be used for all purposes.

• Loans Without Security 

A key feature is that this is an IndusInd Bank unsecured business Loan. This means you don’t need to pledge any security or collateral. This collateral-free feature of the IndusInd Business loan helps you safeguard your assets, while catering to business financing needs.

• Hassle-Free Processing 

With easy documentation and speedy processing, your IndusInd Bank Business loan is approved in a short period. There are minimal delays and you get your loan amount sanctioned fairly quickly.

• Door-Step Services Facility 

Besides digital provisions, you can avail the IndusInd Bank Business Loan via the door-step services on offer. Here, official representatives assist with loan processing in person, eliminating the need for physical visits to the branch. 

The following loan schemes are available at the IndusInd Bank:

1. IndusInd Bank Small Ticket Business Loan

Loan offered to business owners to meet their short and mid-term financing needs.

2. IndusInd Bank MSME Loan

Unsecured loan facility for MSME applicants primarily based in rural, semi-urban, and urban areas.

3. IndusInd Bank Loans to Merchants and Retailers

Loan facility for BMS (Bharat Money Store) merchants for their working capital requirements.

To avail an IndusInd Bank Business Loan, you can choose either the online or the offline mode. For the offline mode, you have to visit the branch of IndusInd Bank and submit the application with all the required documents.

Via the online mode, follow these steps: 

• Visit the official website of IndusInd Bank Business Loan

• Click the ‘Apply Now’ option on the top right corner

• Fill out the form with all the required details

• Click ‘Submit’ and wait for a representative to call you

A representative will contact you to take you through the next phase of the process. 

Comparing all the business loan offers is an essential step in availing the best deals. When comparing the deals, you can identify cost-effective borrowing solutions.

An important part of comparing different deals is looking at the interest rate. This is because the interest rate has a significant influence on your cost of borrowing.

Here is a table with different business loan interest rates that you can compare with the IndusInd business loan interest rate.

**Disclaimer: The above-mentioned interest rates and tenure are subject to change at the lender’s discretion.

Apart from the interest rates, be sure to look at other factors. This will give you a holistic overview of which loan best suits your financial needs.

If you have any questions or need assistance with your application, you can contact the customer care team for quicker assistance. You can reach the customer care service of the IndusInd Bank by calling these numbers:

• 18602677777 (for customers within India) 

• 022-44066666 (for customers outside India)

Now that you know all about IndusInd Bank Business Loan, borrow responsibly!