IndusInd Bank Business Loan - Apply Online @10.6%

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%.

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.

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.

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

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.

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.