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IndusInd Bank Business Loan
For a business to grow, having access to capital is essential. At IndusInd Bank, they understand entrepreneurship and creativity, and theft developed financing options to support business growth.
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IndusInd Bank Business Loan
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IndusInd Bank Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 680+ |
| Processing | Offline |
| Business Vintage | 3 Year |
| Minimum Turnover | Minimum 1Cr to 250 Cr |
| Loan Amount & Tenure | 10
Lakh to 50 Lakhs (Group Exposure75 lac) (12 month to 36 Month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | 16% - 20%(Reducing) |
| TAT | Sanction-3
Days Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any Self Employed Person |
| Whether Co-Applicant Mandatory | Mandatory |
| Proprietor Age/Co-Applicant Age | 24 Year- 65 Year |
| Part Payment Allowed | Yes |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned. |
| Business Registration Proof Mandatory | Yes |
| Program | Banking-30 Lac, GST-40 Lac, Income-50 Lac |
| Product for Professionals | No |
| Negative Profile | School, Advocates, Jewellers, Share Traders, Gym ,Liquor Business, Real Estate |
| USP | Both Side Rented applicant if he is living at same place since 5 year |
| Additional | 1.
Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership
firm/Company 2. Grain Traders is catious profile 3. 78% Banking Churning required in Income Program |
IndusInd Bank Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 23,530 | ₹ 3,689 | ₹ 27,219 | ₹ 76,470 | 23.53 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ₹ 76,471 | ₹ 5,186 | ₹ 81,657 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Documents Required for IndusInd Bank Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
Note : Induslnd Bank Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
About IndusInd Bank Business Loan
IndusInd Bank Limited is a new-generation Indian bank. IndusInd Bank offers a wide range of personal banking services including deposits, loans, cards, insurance etc to meet your expectations. The bank offers commercial, transactional and electronic banking products and services. The bank specializes in retail banking services and is also working on expanding its network of branches all across the country. For a business to grow, having access to capital is essential. At IndusInd Bank, they understand entrepreneurship and creativity, and theft developed financing options to support business growth. It is a quick and simple solution to meet urgent needs such as:
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A company loan can be repaid over a period of 12 to 36 months.
The minimum and highest loan amounts available are respectively Rs. 10 lakh and Rs. 75 lakh.
There is no requirement to provide any security or collateral because the loan is unsecured.
The interest rate for the IndusInd Bank business loans varies from 16% to 18% p.a.
Yes, foreclosure charges as per the terms and conditions mentioned in the sanction letter/agreement, and charges are up to 4% depending upon the scheme and tenure completed, are applicable on the IndusInd bank business loan.
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