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IndusInd Bank Business Loan Interest Rate Calculator - Jul 2017

Last Updated 12th Jul 2017

IndusInd Bank Business Loan Interest Rates

Self Employed
Interest Rate 14.00% - 23.00% Check Best Offers
Lowest EMI Rs. 2,327 per lakh
Tenure From 12 months to 60 months
Loan Amount Min Rs. 50,000 and Max Rs. 1,500,000
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 12 EMI's, prepayment charges may apply
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IndusInd Bank Business Loan

IndusInd Bank gives the facility of business loan to the people who need finance to expand their business. There are some benefits of taking business loan from IndusInd Bank:

  • You can foreclose your entire Business loan anytime after paying 12 EMI's at forclosure charges - prepayment charges may apply
  • IndusInd Bank has over 385 branches in India where you can avail service

Business Loan IndusInd Bank

Business loan interest rates offered by IndusInd Bank are fixed as well as floating

  • Fixed rates allow you to borrow loan at a fixed price which won’t change in the whole tenure in case of change in IndusInd Bank benchmark rate and should be chosen only if you believe that the rates will not hike in future
  • In contrast to this are floating rates which changes with a single change in IndusInd Bank benchmark rate in your loan tenure. You should go for floating rates if you can take the risk of hike in interest rates

IndusInd Bank Interest Rate depends upon

  • Loan amount: Business loan rate in IndusInd Bank depends upon the loan amount you apply for. Higher the loan amount, lesser will be the interest rate
  • CIBIL Score: IndusInd Bank offers business loan at higher interest rate if your CIBIL score is poor or vice versa
  • Monthly Revenue: IndusInd Bank will avail you business loan at lower interest rate if you have higher monthly revenue
  • Time in Business: IndusInd Bank offers business loan at lower rates if you are doing business since long time

Business Loan Charges

Foreclosure Charges- These charges are to be paid in case you want to repay your entire loan amount before the end of tenure period. IndusInd Bank allows prepayment of business loan after paying 12 EMI’s with prepayment charges - prepayment charges may apply

IndusInd Bank Business Loan EMI Calculator

IndusInd Bank Business Loan EMI is a fixed amount that you pay each month towards the repayment of your business loan till the end of tenure. Lowest EMI offered by IndusInd Bank is 2,327 per lakh loan amount. Business loan EMI of IndusInd Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months business loan from IndusInd Bank at interest rate of 14.00% per annum, EMI will be Rs. 2,327 per Rs. one lakh loan amount. At interest rate of 23.00% for the same loan, the EMI will be Rs. 2,819
  • Loan tenure: Longer the loan tenure, lesser your monthly EMI. At interest rate of 14.00% per annum, the EMI on IndusInd Bank business loan would range from Rs. 8,979 to Rs. 2,327 for loan tenure ranging from 12 to 60 months
  • Amount Borrowed: IndusInd Bank Loan EMI will be high if you apply for a high loan amount. For amount borrowed 50,000, the EMI at 14.00% for 60 months would be 1,163. Similarly for amount borrowed 1,500,000, the EMI at 14.00% for 60 months would be 34,902.

What are the benefits of calculating business loan EMI?

  • Business loan EMI calculator of IndusInd Bank helps you to calculate your monthly EMI at different rate of interest
  • IndusInd Bank EMI calculator helps you to know your capacity to repay the loan after maintaining your standard of living
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Explore More: IndusInd Bank Business Loan EMI Calculator

IndusInd Bank Business Loan Eligibility Calculator

Business loan eligibility criteria IndusInd Bank

Eligibility of Business loan in IndusInd Bank relies upon different factors but the most important factor is your ability to repay the loan. The main factors on which the eligibility of an applicant depends are

  • Profitability: Business loan eligibility significantly depends upon profitability status and future prospects of your business.
  • Business Stability: Future business prospects and its stability is important to improve your eligibility for business loan. IndusInd Bank requires minimum business track record of 60 months. Your ITR details for minimum 24 months and bank statement for minimum 6 months will be required by IndusInd Bank
  • CIBIL Score: When checking eligibility for business loan, IndusInd Bank will look at the complete CIBIL report. IndusInd Bank will check your repayment history for all current and past loans and credit cards.

Business Loan IndusInd Bank documents required

  • Address proof of individual: Aadhar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills.
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhar Card, Voter’s ID Card
  • Business existence proof: PAN, sales tax/ excise/ VAT/ service tax registration, copy of partnership deed, trade license, certificate of practice, registration certificate issued by RBI, SEBI
  • Copy of Income Tax PAN for 24 months
  • Bank statement of last 6 months

Compare IndusInd Bank Business Loan

IndusInd Bank Business Loan in India

IndusInd Bank Business Loan Customer Care Number, Email, Application Status, Branches

City Customer Care Number
Agra 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ahmedabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ambala 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Anand 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Aurangabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bangalore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhilai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhilwara 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhiwadi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhopal 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bhubaneswar Cuttack 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Bikaner 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Chandigarh 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Chennai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Cochin 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Coimbatore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Dehradun 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Delhi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Durg 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Faridabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gandhinagar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ghaziabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Goa 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Greater Noida 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gurgaon 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Guwahati 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Gwalior 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Hyderabad 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Indore 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jabalpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jaipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jalandhar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Jodhpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kanpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Karnal 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kolhapur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kolkata 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kota 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Kozhikode 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Lucknow 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ludhiana 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Madurai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Meerut 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mehsana 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mohali Sas Nagar 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mumbai 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Mussoorie 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Nagpur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Nashik 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Noida 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Noida Extn 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Panipat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Patna 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Pondicherry 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Pune 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Raipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Rajkot 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Ranchi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Rohtak 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Roorkee 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Salem 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Shimla 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Sonepat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Surat 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Trichy 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Udaipur 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vadodara 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Varanasi 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vijaywada 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
Vizag 1860-500-5004/ 022-44066666, reachus [at] indusind [dot] com
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IndusInd Bank Business Loan News - Jul 2017
  • 2017-06-09 : IndusInd Bank raises 225 million dollar loan for MSME lending
    Indusind Bank has entered into an agreement with overseas private investment corporation (OPIC) to raise 225 million dollar loan. With this agreement, OPIC will extend its support to the bank in increasing its micro, small and medium enterprise (MSME) lending portfolio.
  • 2017-05-13 : IndusInd Bank launches IndusForex.com
    IndusInd Bank has announced the launch of IndusForex.com which is a one-stop portal for all foreign exchange needs of the Indian consumers. With the help of this portal, the Individuals may buy and sell multi-currency foreign exchange cards. They can also use it for sending money to abroad for different purposes including the education and medical requirements.
  • 2017-04-25 : IndusInd Bank opens 94th branch in Rajasthan
    Private sector lender, Indusind Bank has inaugurated its 94th branch in Rajasthan at Bhinder, Udaipur District, which is famous for its silver and cloth market. The branch will cater to the needs of the SME customers in the district of Rajasthan state.
  • 2017-04-21 : IndusInd Bank to double its business by 2020
    Indusind bank has announced its target to double its business size by the year 2020 as measured in terms of its clients, loans and profits. The bank has recorded a net profit at Rs. 2,868 crore in FY17. The bank stated that it plans to rebalance its loan book by expanding the non- vehicle retail portfolio which includes loan against property, credit cards, personal, rural, gold and business loans segment from 18 per cent to 30 per cent of the total book by the year 2020.
  • 2017-04-20 : IndusInd Bank to raise Rs. 1,000 cr via bonds
    Private sector lender, IndusInd Bank has received an approval to raise capital of Rs. 1,000 crore by issuing Basel III compliant bonds. The board has passed the resolution for raising funds through issuance of rated, listed, non-convertible, perpetual, subordinated and unsecured Basel III-compliant bonds in the nature of debentures towards non-equity regulatory additional tier 1 capital. The debentures will carry a face value of Rs. 10 lakh each aggregating to Rs. 1,000 crore and will be raised on a private placement basis. The bonds have been rated stable ‘AA’ both by Crisil and India Ratings & Research.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. MyLoanCare is an independent professional service provider and is not related to the government or government bodies or any regulator or any credit information bureau in any way. Information carried at this website is not and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not undertake any liability with respect to the correctness of the content, information and calculations. Information is subject to change without notice. By submitting your query or using any tools or calculators, you authorize MyLoanCare to share your information with lender(s), consent for such lender(s) to access your credit information report and contact you regarding your query overriding your number being in National Do Not Call Registry. This is a free service and no charges are payable by the borrower to MyLoanCare. The Company may receive remuneration from lenders for services provided to them.