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IndusInd Bank Business Loan - Apply Online @10.6%

4.9 stars based on 30 reviews

Business Loan Details

Loan Amount *

City (India) *

Company Details

Entity Name *

Year of Incorporation/VAT/Service Tax Registration *

Turnover

FY 2016 - FY 2017 *

FY 2017 - FY 2018 *

Net Profit After Tax

FY 2016 - FY 2017 *

FY 2017 - FY 2018 *

Depreciation

FY 2016 - FY 2017 *

FY 2017 - FY 2018 *

Director/Partner Salary

(Not Applicable for Proprietorship Firm)

FY 2016 - FY 2017 *

FY 2017 - FY 2018 *

Personal Details

Name *

Email *

Mobile (India) * *

Rate of Interest is high ?
Rate of Interest is high ?

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Not getting the desired Loan Amount?

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Have multiple existing loans?

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IndusInd Bank Business Loan Details

IndusInd Bank Business Loan

IndusInd Bank is a one stop solution or all banking needs. It is one of the best and most preferred banks for business loans and facilities. This bank offers lowest interest rates to the borrowers. It gives instant quotes on any request – time is always valued at this bank. IndusInd Bank offers online services which are fast, flexible and user- friendly. Privacy and transparency of confidential information go hand-in-hand. IndusInd Bank considers this information as very sensitive and it is handled with utmost care and attention.

IndusInd Bank has over 380 branches in India where businesses & business owners can apply for a business loan.

The bank also allows the prepayment of business loans with a lock-in period of 12 months with a prepayment charge of 4%.

Business Finance options available from IndusInd Bank

Without any doubt everyone appreciates the various business finance options offered by IndusInd Bank. Some are few among the big list mentioned in details to assist you with any decision making.

1.    Working Capital Finance

The finance that is used for day-to-day working on the business is known as working capital. Getting this amount from banks and financial institutions will help in the running of the business without any discontinuity. The various types of working capital finances are trade credit, cash credit/ bank overdraft, working capital loans, discount of bills or purchase, letter of credit, bank guarantee and factoring.

Features & Benefits

  • Working Capital Finance can be used for financing of the inventory & receivable of the business.
  • The bank offers flexible account operations operate the account as and when required.
  • Reduced interest payment.

2.    Export Finance

It is about lending working capital for the business especially for any oversea transactions. The cost involved, procedure and formalities for oversea transactions are totally different from domestic transactions. The fund availed for the same is called export finance.

Features & Benefits

  • The facility offers transaction based funding.
  • The bank provides funding in foreign currency as well.

3.    Term Loan

Through term loan you can get customized products to meet business requirements. This service is offered by IndusInd bank in all its branches. The main benefits are low-cost credit and cash-flow financing.

Features & Benefits

  • The bank offers the facility INR and foreign currency (FCTL)
  • A collateral is required for to avail term loan from the IndusInd Bank.
  • The bank also provides the facility of existing loan takeover at very competitive interest rates.

4.    Trade Finance

Every exporter wants the product’s importer to pay for the goods. Through documentation there is reduction the risk of non-payment. This document is called as Letter of Credit which is used by exporter to export the goods with the surety that he will receive the payment.

Features & Benefits

  • The bank provides Letter of Credit for import of goods and domestic purchase.
  • Bank Guarantees both financial and performance.

5.    Unsecured Business Loans:

This type of loans does not require security or collateral, therefore the risk of defaulting is high. The lender will have to seek legal assistance to get back the money the borrower defaults thus the rate of interest charged on these type of loans are very high.

Features & Benefits

  • This facility is based on the business financials.
  • No collateral or guarantor is required.
  • The bank offers fast processing of the loan application.
  • Repayment through EMIs.

Features & Benefits of IndusInd Bank Business Loans

The IndusInd Bank Business Loans offer many features and benefits, such as the following.

  • Borrow up to ₹1,500,000 for any business purpose.
  • Flexible repayment options, ranging from 12 to 60 months.
  • Convenience of service at your doorstep.
  • Customized Offer for Women Professionals called as women entrepreneur business loan.
  • Quick Loan Disbursal.
  • Low interest rates.
  • Online loan request option available.
  • Low pre-payment charges also waiver is offered after few months.
  • Can instantly check loan eligibility.
  • It offers personalized loan quotation for each business requirement.
  • 24/7 Customer Support.

Why should you choose IndusInd Bank Business Loan? 

Out of all the banks that are out there why should you choose IndusInd Bank is the question that is haunting many minds! The answer for it is pretty simple, the features and benefits of this bank are the key reasons. Some of the highlighting features are:

  • Less documentation and fast processing
  • Reliable and professional service is offered
  • Services are offered at door step
  • Regular and all time available customer services

How to apply online for IndusInd Bank Business Loan?

Applying for a business loan with IndusInd Bank is very easy especially with the help of Finance Buddha. Finance Buddha offers the platform every customer who is in need of that extra information before applying for all. There is answer for every question out there and if you have doubt beyond what is already there, you can make use of the FAQ tab to find answers to your questions.

For applying a loan the below details are required by Finance Buddha:

  1. Borrower name
  2. Company name
  3. Year of Incorporation
  4. Loan amount
  5. Turnover
  6. Choose the city
  7. Net profit after tax
  8. Mobile number
  9. Depreciation
  10. Email ID
  11. Partner salary

As soon as we receive the complete set of the above required information, we will get back to you to for confirmation. Once confirmed, we will assign a dedicated sales executive to you who will assist you with all the required documentation and the rest of the application process. Just in case, if a better offer exists for you from another lender, our executive will also inform you that as well, so that you always get the best possible business loan offer.

IndusInd Bank Business Loan Eligibility Criteria

Eligibility Criteria

Salaried

Self Employed

Net Monthly Income

INR 25000/- & above(Listed Companies), INR 40,000/- & above(Non- Listed Companies)

Min. Annual Net Income post tax should be INR 480,000.

Age of Applicant

Min. 21 years Max. 60 Years / retirement age whichever is lower at the time of loan maturity

Min. 25 years Max. 65 Years at the time of loan maturity

Current Experience

Min. 1 yr & above

Min. 5yrs of Post qualification

Total Job Experience

Min. 2Yr & above

Min. 5yrs of Post qualification

Min. Loan Amount

INR 100,000

INR 100,000

Max. Loan Amount

INR 1.5 million (Listed Companies) 7Lakhs (Non- Listed Companies)

INR 1 million & above

Min. Tenure

12 Months

12 Months

Max. Tenure

60 months(Listed Companies), 48 months (Non- Listed Companies)

48 months

Processing Fee

0.5%- 2%

0.5%- 2%

Prepayment Charges

4% post 12 EMI clearance

4% post 6 EMI clearance

Turn Around Time

3-4 working Days

3-4 working days

Interest Rates, Fees & Charges (updated 18 Sep,2019)

Overview of Interest Rates, Fees & Charges

Interest Rate

14.00% - 23.00%

Tenure

From 12 months to 60 months

Loan Amount

Min INR 50,000 and Max INR 1,500,000

Part Prepayment, Charges

Not allowed

Early Foreclosure, Charges

Allowed after 12 EMI's, prepayment charges may apply

Documents Required for IndusInd Bank Business Loan

For Salaried Employees

  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
  • Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Valid Passport – provided the passport address is present address mentioned in application form.
  • Proof of Income: Latest 3 months’ salary slip / salary certificate and latest Form 16
  • Bank Statements: Latest 3 months bank statement (where salary is credited).

For Self-employed Professionals

  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
  • Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Trade License / Establishment / Sales tax certificate/ Valid Passport – provided the passport address is present address mentioned in application form.
  • Proof of Income: Business (Current Account) Bank Statements (latest 6 months Bank Statement / Passbook), Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA.
  • Business Continuity Proof: Trade license / Establishment / Sales Tax Certificate)
  • Additional Mandatory Documents: Sole Proprietorship Declaration / Certified copy of Partnership Deed / Certified copy of MOA, AOA & Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm’s B/S, P&L a/c with all schedules certified by a CA.
Frequently Asked Questions

Does online application actually work?

Through Finance Buddha you can simply apply for the loan and IndusInd bank will contact you directly to take the proposal to the next level.

Will there be tax benefits if I apply for a loan from IndusInd bank?

Yes, you can avail tax benefits if you have a business loan from IndusInd bank or from any other authorized banks.

Will banks get a notification to contact me if I apply through Finance Buddha?

Yes, they will get notified and accordingly to their turn-around time limit an official will contact you to take the request to the next level. Some banks have turnaround time as 48 hours while some need at least 5 business days.

IndusInd Bank Business Loan ReviewsView All

Rahul Raj

5 / 5

They have achieved the breakthrough in the market by their peculiar services. Finance Buddha, the loan provider who helped me in a business loan with Induslnd bank with easy options of the interest rates by negotiating on my behalf for low-interest rates and processing fees.
Rohit Shahi

5 / 5

Finance Buddha, the guys who founded the solution with dexterity! I got a business loan with their assistance with the well-known bank, Induslnd Bank which was flexible enough to help me with interest rates and easy return policies which attracted me the most.
Gaurav Saxena

5 / 5

It just makes it interesting to narrate as well as the time of disbursal of my business loan with the Induslnd Bank which was made possible by Finance Buddha. The team that made it possible to sanction the loan and the quick processing and disbursal process was exceptional as it was done in just 4 days.
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