Apply for IndusInd Bank Business Loan Online   4.93 stars, based on 30 reviews

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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 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.

Different 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.

i.                     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.

ii.                 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 raised for the same is export finance.

iii.               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.

iv.                Trade:

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.

v.                  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 of IndusInd Bank Business Loan

  • Borrow up to INR 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:

  • Borrower name
  • Company name
  • Year of Incorporation
  • Loan amount
  • Turnover
  • Choose the city
  • Net profit after tax
  • Mobile number
  • Depreciation
  • Email ID
  • Partner salary

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

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.

IndusInd Bank Business Loan Interest Rates, Fees & Charges

IndusInd Bank Business Loan Interest Rates, Fees & Charges

Interest Rate

14.00% - 23.00%

Lowest EMI

INR 2,327 per INR 100,000

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

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.

What are the documents required along with a business loan application for IndusInd Business Loan?

1. Complete loan application form with one passport size photograph 2. Valid Proof of Applicant's Identity: Passport, Photo PAN card, Voter’s identity card , Driving license and MAPIN card 3. Proof of Residence: Ration card Tel/ Lease agreement/ Electricity Bill/ Passport/Trade license /Sales Tax certificate 4. Proof of Age: Passport, Photo PAN card, Voter’s identity card 5. Financial Documents

What is the average approval time for a business loan?

Loan will be approved by an average 3.5 days’ time if all documents are accurate and if the applicant meets the eligibility criteria.

Is part payment of business loan available in IndusInd bank?

Yes, this option is available currently at IndusInd bank for business loan.

What is the lowest EMI that I can opt for from IndusInd bank business loan?

The lowest EMI amount is INR 2,327 for every INR 100,000.

What is the business loan tenure at IndusInd bank?

Business loan from IndusInd bank can be repaid by 60 months.

Can I transfer loan from different bank to IndusInd Bank?

Yes, the option is available however there are some eligibility criteria to be met.

Why should women entrepreneurs choose IndusInd bank for business loan?

The level of attention and offered given to women entrepreneurs are exceptionally great as compared to what other banks offer.

Reviews

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.

 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.

 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.

 5/5

Induslnd Bank, the bank that uplifted my business with their loan was truly possible with the assistance of Finance Buddha as they helped me get it done. They provided me with the service of hassle-free documentation and the lowest interest rates and processing fees.

 5/5

Excellence speaks in the matter of these people. Finance Buddha, the team with wonders as they helped me get a business loan with Induslnd Bank at the lowest interest rates and best class services without any hassle which makes them the best.

 5/5

Finance Buddha team, the people with the courtesy! The manner in which they handle your issue of loan is exceptional. I got one loan for my business with the help of these people at the quick disbursement and the flexibility of easy installments by the Induslnd Bank

 5/5

This was possible all with the help of Finance Buddha who helped me lend a loan with Induslnd bank for the growth of my business. The team provided me incentives like they carried out the whole documentation process for me without any hassle and the incentive of low-interest rates.

 5/5

Business loan at such low interest rates! My friends are amused to know that how I got it and I still don’t share the secret. Finance Buddha the ace provider of the business loans helped me gain one with Induslnd bank which was at low interest rates.

 5/5

These guys are off the edge when it comes to business loan. I got one with the Induslnd bank with the help of the Finance Buddha team who persuaded the bank to low-interest rates and processing fees to help me gain the loan with benefits.

 5/5

It is hard to believe that I got the loan for my business with the help of Finance Buddha after going to all the local banks that rejected my application. The team helped me gain it at the lowest interest with the Induslnd bank along with some incentives too.

 5/5

Inspite of all my failures in the business loan process, Finance Buddha changed it totally by providing me with the loan with Induslnd bank where the documentation process was without any hassle and the loan disbursement and the processing were done within 14 days of the application.

 4/5

Finance Buddha the game changer totally! They helped me turn my business around with the service of business loan which was sanctioned by Induslnd bank without any hassle and the team truly supported. The edge was the availability of the loan at the lowest interest rates

 5/5

What is a business loan? I was unaware of the term until Finance Buddha executives helped me gain an edge over it. They helped me get a business loan with the Induslnd Bank at the lowest interest rates and processing fees which amazed me truly. The team is really effective.

 5/5

They truly are the sorcerers with the wands. Finance Buddha team helped me gain the business loan with Induslnd bank which was so flexible as the bank provided their services 24/7 and the process carried out without any hassle and quick disbursement of the money.

 5/5

This might be an exaggeration when people hear it at first and hard to believe but Finance Buddha delivered the impossible by helping me in my business with a business loan. The loan sanctioned by Induslnd bank with the quick disbursal was a wonder in itself to see.

 5/5

It is hard to maintain a business and with growing opportunities, you need more finance. Finance Buddha understood this aspect and helped me get a business loan with Induslnd Bank without any hassle as the documentation process was carried out by them and the team support

 5/5

Finance Buddha the one stop solution, I say to all my friends. I was in need for the business loan to increase my working capital and they helped me a getting loan with Induslnd bank which was flexible enough to provide me a business loan without any issue of documentation.

 5/5

It was nearly impossible to get a bank loan for my startup business but Finance Buddha was the only support I got. I thank them and remember them every year on the day my business began as they helped me to get a business loan with Induslnd bank.

 5/5

It’s difficult to beat them when it comes to interest rates as they provide you with the best. Yes! Finance Buddha, the team that helped me gain a loan for my business with Induslnd Bank which was exceptional and at the lowest interest rates and processing fees I could ever imagine of. The best team ever!!

 5/5

A master is a person who does it better than all pupils. They did the best for my business by providing me with the business loan with the well-known bank, none other than Induslnd bank. The services were exceptional as the documentation process was carried by them without any hassle and the quick processing and disbursement of the business loan.

 5/5

Business loan approval happened within a matter of few days. I never thought it will be this less complicated.

 5/5

When my friend suggested, initially I was a little hesitant about the bank and its service but once it started using their facilities I loved it. Am a customer with them from past 6 years.

 5/5

There was lot of attention to detail given to my business loan application. Very good checking and I feel comfortable taking loan from this bank

 5/5

This bank offers a lot of transparency of information. Everything was made crystal clear before taking any penny from my account.

 5/5

Am writing this review for my friend, being blind he was very hesitant to approach a bank for any services but this time when it was related to his business need, when he approached IndusInd Bank, they were very helpful and he even got loan for a very low interest rate.

 5/5

Being an ex-military, I need extremely good and high standard of service and this was offered from IndusInd bank.

 5/5

Smart team of customer service providers, they had answers for all my questions and doubts.

 5/5

Excellent experience was received from IndusInd Bank with my business loan application. Though it took 15 days for me to get money. I was continuously updated on the status.

 4/5

Simply awesome service. This is my first experience with this bank and they handheld me until the process was complete.

 5/5

Great service is offered to each customer. With my personal experience I would recommend this bank to all by friends and family.

 5/5