IndusInd Bank offers unsecured business loans to support innovation and entrepreneurship, enabling seamless business expansion. They provide loans up to 50 Lacs with a flexible 48-month tenure, requiring no collateral based on three years of audited financials and business establishment.
Induslnd Bank’s unsecured business loan application process ensures businesses meet their immediate financial needs. Read further to learn more about Indusind business loans.
There is more to IndusInd unsecured business loans with a focus to uplift customers in rural, semi-urban & urban areas. Refer the table to know more about Induslnd business loan details and highlights that you should be aware of before proceeding further:
|Type of loan
|13% - 22% p.a. onwards
|Rs 2 to Rs 20 lakhs
|Up to 48 months
IndusInd business loan interest rates depend on the loan type, amount, tenure and internal credit policies. However , the business loan interest rates start at 13% per annum and can go up to 22% per annum onwards. The actual interest rate applicable will depend on the financial profile of the applicant including factors like business profitability, turnover, and credit score amongst others.
|13% p.a onwards
IndusInd Bank outlines transparent fees and charges for its business loan offerings including processing fees. Follow the table below to understand the overall costs of financing.
|Up to 3% of the facility amount for sanctioned cases only.
|Up to 5.5% depending upon the scheme.
|Cheque dishonor Charges
|Rs.500/- (plus GST and other applicable statutory levies) per instance.
|As per applicable laws of the state and charges defined in the agreement.
Need a loan for business needs?
Let;s go through the different types of business loans offered by IndusInd bank from below:
IndusInd Bank offers a range of working capital loans catered to manufacturers, traders, exporters/importers, vendors and distributors. This credit facility provides short-term financing to meet unique business requirements related to working capital, trade transactions and cash flow.
Induslnd Bank offers this type of credit facility to aid businesses with quick access to short/medium-term working capital without traditional collateral. It advances money against your card sales/receivables.
Induslnd Bank offers Small Ticket Business Loans from Rs. 2 lakhs to Rs. 20 lakhs to meet urgent short-term capital requirements of small enterprises. It is an easy way to access finance fast.
Business Loan Against Securities provides an overdraft facility against investments in shares, mutual funds, and bonds without liquidating them. It offers instant liquidity to meet business needs.
IndusInd Bank has established clear eligibility criteria for Business Loans. The criteria are categorized into financial and non-financial aspects to ensure a comprehensive evaluation.
Not sure of your credit score? Check it out now!
Ensure that all documents are self-attested for smooth and efficient processing of your Induslnd business loan application. Read the listicle below carefully to keep the documents handy:
KYC Documents: Provide valid proof of identity, address, date of birth, and signature.
Business Continuity Proof:
For Proprietary Concern
IndusInd Bank offers unsecured business loans with an interest rate starting at as low as 13% p.a. The table displays the interest rate provided by major banks and NBFCs like ICICI, and Axis and lower than rates from players like Kotak and RBL.
|13% to 22%.
|State Bank of India
|MCLR + 2.30% p.a.
|At the discretion of the bank
|Indian Overseas Bank
|At the discretion of the bank
|10.6% - 16.64% p.a
|12.50% - 13.60% p.a.
|14.65% - 18.90% p.a.
|Kotak Mahindra Bank
|16% - 26% p.a.
|12.25% - 25% p.a.
|15% per annum.
Read LessNote: Please be informed that the IndusInd Bank business loan interest rates are subject to change per the market.
Looking for a business loan?
IndusInd Business Loans aim to serve your business growth, offering not just funds but a strategic financial partnership. Taking control of your finances is now easier than ever with quick unsecured business loans.
Get business loan upto
Avail loan under the
repayment period of 48
Interest rates startina
at 13% p.a.onwards
Avail business loan with
easy documentation and
Indusind bank brings
doorstep banking services
Transfer money in a faster,
easier & simpler way
Apply for your Induslnd business loan online by following the quick steps below:
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IndusInd Bank offers an array of loans like home loans, vehicle loans, personal loans etc. that can be repaid seamlessly through Equated Monthly Installments (EMIs). Auto-debit facility ensures timely EMI payments.
Here are the repayment plans:
The IndusInd Bank customer care number for business loans depends on your location and specific needs:
Here are the dedicated Numbers for Specific Needs:
Unsecured Business Loans:
Working Capital Loans:
You can also send your queries or concerns from your registered Email ID to email@example.com.However, if you require further assistance or are unsatisfied with the resolution you can write to firstname.lastname@example.org from your registered Email ID.
Apply for a business loan now!
The minimum loan amount available is Rs 2 Lakhs, and the maximum is Rs 20 Lakhs for IndusInd Business Installment Loans.
The interest rates for IndusInd Business Installment Loans start from 13% and go up to 22% per annum onwards.
Required documents include the application form with photograph, KYC documents, business continuity proof, constitutional documents, ownership proof, banking statements, financials, and details of all running loans.
Eligibility criteria include a minimum turnover of Rs 1 crore in the latest financial year, positive PBDT in the latest 3 years etc. However, for a better understanding, you can revisit the eligibility criteria discussed above.
The Business Installment Loans from IndusInd Bank provide versatile financing to merchants and retailers for working capital expansion, inventory purchase, vendor payments, equipment acquisition, and other short-term needs.
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