Indian Bank Business Loan

Indian Bank business loans fuel your entrepreneurial dreams from expansion to equipment, offering flexible financing with extended repayment terms. Indian Bank offers various schemes with affordable interest rates for those engaged in the Micro, Small, and Medium Enterprises (MSME) sector.

To know more about their offerings and to initiate your business loan application with Indian Bank read further.

Indian Bank Business Loan Details

The table below summarizes the interest rate and other details associated with Indian Bank business loan services.

Loan type Business loan
Loan Amount Upto ₹2 crores
Interest Rate Based on the scheme chosen
Tenure Varies based on the scheme chosen
Note: Please be informed that the Indian Bank business loan interest rates are subject to change per the market.

Type of Business Loans by Indian Bank Business Criteria

Indian Bank provides a variety of business loan schemes to address the diverse financial needs of enterprises. The table below outlines the range of MSME schemes, including the Indian Bank E-Mudra loan and more, providing a comprehensive overview to help you identify the scheme that best aligns with your specific business requirements:

Loan Scheme Purpose Loan Amount Tenure
IB DOCTOR PLUS Working Capital, Hospital/Clinic
No Ceiling (Max. for fresh passed out students – Rs.2.00 Crores) Maximum 120 months.
IND MSME VEHICLE New Vehicle Purchase for Existing MSMEs Maximum - Rs.2.00 crores In case of LMV : 60 EMIs, In case of HMV:
Maximum 60 months (Door to door)
IND-SME EASE Working Capital Requirements Rs.10.00 Lakhs- Rs.50.00 Lakhs 120 months without any holiday period
IND-SURYA SHAKTIs Setting Up Solar Power Plants No Ceiling Door to Door Tenor: 15 years
Shishu Mudra loan New Business (Manufacturing/Service/Trading) Rs. 10,000/- Rs 50,000/- Minimum : 24 EMIs
Maximum: 60 EMIs

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Note: Please be informed that the Indian Bank business loan interest rates are subject to change per the market.

Curious to know more? Learn about working capital, equipment financing, medical equipment financing, construction equipment financing & term loans from the linked pages.

Indian Bank Business loans Eligiblity Criteria

To avail a business loan with Indian Bank your business must meet this eiglibity criteria.For the most up-to-date information, you can also visit the official website of Indian Bank.

  • Age: 21 years - 65 years old.
  • Business Establishment: The business must have a minimum vintage of 3 years.
  • Applicant Types: Self-employed individuals/Business entities such as partnerships/Limited liability companies (LLCs)/ Private limited companies/ Proprietorship firms.

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Documents Required for Indian Bank Business Loans

The listicle provides the specific documentation requirements you have to fulfill while applying for Indian Bank Business loan. However, you can also visit the official website of Indian Bank for the most accurate list:

  • Basic Documents: ID, Address Proof, ITRs, Bank Statements
  • Financial Proof: Audited financials for larger loans, proof of business continuity
  • Security Documents: Property documents for secured loans (if applicable)
  • Specific Requirements: Sales tax and Income Tax Returns (ITR) records

Indian Bank Business Loan EMI Calculation

Calculate your Indian Bank Business Loan EMI with ease & convenience.

This user-friendly tool ensures a seamless understanding of your payable EMI calculation. It ensures a seamless understanding of your payable EMI. Just input your loan amount, interest rate, and tenure to receive instant and accurate results. Plan your Indian Bank Business Loan finances smartly with a business loan EMI calculator!

Monthly EMI 86
Principal Amount 1,000
Total Interest 32
Total Amount 1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

Disclaimer: Please note that the estimations here are only estimates around the values you enter and are not subject to change unless you do.

Get a business loan with ease!

Benefits of Indian Bank Financing

These are the advantages of MSME financing that Indian Bank offers:

Interest Rate

Avail loan with special
schemes and lower
interest rates

Minimal Documentation

Avail Indian Bank business
with Mininal paperwork

Hassle-free process

Inidan Bank's application
process makes it easier for
businesses to apply for
a loan

Omnichannel Support

Ensure a seamless and
consistent customer

Loan for Various needs

Indian Bnak Business loan
suits various business

How to Apply for an Indian Bank Business Loan

Follow these steps diligently to apply for Indian Bank business loan online to ensure a seamless loan journey:

  • Step 1 - Visit the Official Website and begin by accessing the website to start your business loan application.
  • Step 2 - Within the website, locate the 'Products' section and choose between the loan categories, namely ‘MSME’ and ‘Corporate.’
  • Step 3 - Select Loan Facility offered within your chosen category. Click on the one that aligns with your business requirements.
  • Step 4 - Press the 'Apply Now' button to begin with the application process on the Indian Bank website.
  • Step 5 - Provide the details in the application form.
  • Step 6 - After filling in the details and attaching the documents, click on the 'Submit' button to send your application for processing.

Steps to Apply for Business Loan on Buddy Loan

Apply for a business loan online through Buddy Loan simply and hassle-freely. Follow the steps and apply for your business loan now!

  • Step 1: Visit or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the business loan application page. Enter your mobile number and OTP.
  • Step 3: Specify the desired loan amount and email. Next, choose the Business Loan option.
  • Step 4: Choose if you have a Business Proof (Yes/ No)
    • If ‘Yes’ (If you have a business proof), enter your business and personal details.
    • If ‘No’ (If you do not have a business proof), choose the profession type and enter your personal details.
  • Step 5: Provide income details and Click the ‘Submit’ button.

Apply for a business loan now!

Indian Bank Business Loan Customer Care Number

For swift and reliable support with your banking matters related to business loans, reach out to Indian Bank's dedicated customer care team.

To receive immediate help and clarification on your banking concerns, dial the Indian Bank

Customer Care number at 1800-425-0000.

Frequently Asked Questions

Indian Bank business loan interest rates may vary based on the type of business loan and prevailing market conditions. Hence for the most up-to-date information or visit their official website.

The maximum amount depends on factors like business profile and financials; refer to the bank's policies.

Indian Bank Business loan eligibility criteria include credit history, business stability, and financial performance.

Yes, prepayment is allowed, and charges may apply; check with the bank for specific details.

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