IndusInd Bank Business Loan Interest Rate Calculator - Dec 2016

IndusInd Bank Business Loan Interest Rates

Last Updated 04th Dec 2016
Self Employed
Interest Rate 14.00% - 23.00%
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
Apply Business Loan Online





I authorize MyLoanCare, its partners to contact me. This over rides my number being in NDNC registry

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 prepay part of your loan anytime after paying 1% prepayment charges
  • You can foreclose your entire Business loan anytime after paying the forclosure charges
  • 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 Business Loan 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

IndusInd Bank Business Loan EMI Calculator

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
Estimated EMI online by using 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. 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
  • 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@indusind.com
Ahmedabad 1860-500-5004/ 022-44066666, reachus@indusind.com
Ambala 1860-500-5004/ 022-44066666, reachus@indusind.com
Anand 1860-500-5004/ 022-44066666, reachus@indusind.com
Aurangabad 1860-500-5004/ 022-44066666, reachus@indusind.com
Bangalore 1860-500-5004/ 022-44066666, reachus@indusind.com
Bhilai 1860-500-5004/ 022-44066666, reachus@indusind.com
Bhilwara 1860-500-5004/ 022-44066666, reachus@indusind.com
Bhiwadi 1860-500-5004/ 022-44066666, reachus@indusind.com
Bhopal 1860-500-5004/ 022-44066666, reachus@indusind.com
Bhubaneswar Cuttack 1860-500-5004/ 022-44066666, reachus@indusind.com
Bikaner 1860-500-5004/ 022-44066666, reachus@indusind.com
Chandigarh 1860-500-5004/ 022-44066666, reachus@indusind.com
Chennai 1860-500-5004/ 022-44066666, reachus@indusind.com
Cochin 1860-500-5004/ 022-44066666, reachus@indusind.com
Coimbatore 1860-500-5004/ 022-44066666, reachus@indusind.com
Dehradun 1860-500-5004/ 022-44066666, reachus@indusind.com
Delhi 1860-500-5004/ 022-44066666, reachus@indusind.com
Durg 1860-500-5004/ 022-44066666, reachus@indusind.com
Faridabad 1860-500-5004/ 022-44066666, reachus@indusind.com
Gandhinagar 1860-500-5004/ 022-44066666, reachus@indusind.com
Ghaziabad 1860-500-5004/ 022-44066666, reachus@indusind.com
Goa 1860-500-5004/ 022-44066666, reachus@indusind.com
Greater Noida 1860-500-5004/ 022-44066666, reachus@indusind.com
Gurgaon 1860-500-5004/ 022-44066666, reachus@indusind.com
Guwahati 1860-500-5004/ 022-44066666, reachus@indusind.com
Gwalior 1860-500-5004/ 022-44066666, reachus@indusind.com
Hyderabad 1860-500-5004/ 022-44066666, reachus@indusind.com
Indore 1860-500-5004/ 022-44066666, reachus@indusind.com
Jabalpur 1860-500-5004/ 022-44066666, reachus@indusind.com
Jaipur 1860-500-5004/ 022-44066666, reachus@indusind.com
Jalandhar 1860-500-5004/ 022-44066666, reachus@indusind.com
Jodhpur 1860-500-5004/ 022-44066666, reachus@indusind.com
Kanpur 1860-500-5004/ 022-44066666, reachus@indusind.com
Karnal 1860-500-5004/ 022-44066666, reachus@indusind.com
Kolhapur 1860-500-5004/ 022-44066666, reachus@indusind.com
Kolkata 1860-500-5004/ 022-44066666, reachus@indusind.com
Kota 1860-500-5004/ 022-44066666, reachus@indusind.com
Kozhikode 1860-500-5004/ 022-44066666, reachus@indusind.com
Lucknow 1860-500-5004/ 022-44066666, reachus@indusind.com
Ludhiana 1860-500-5004/ 022-44066666, reachus@indusind.com
Madurai 1860-500-5004/ 022-44066666, reachus@indusind.com
Meerut 1860-500-5004/ 022-44066666, reachus@indusind.com
Mehsana 1860-500-5004/ 022-44066666, reachus@indusind.com
Mohali Sas Nagar 1860-500-5004/ 022-44066666, reachus@indusind.com
Mumbai 1860-500-5004/ 022-44066666, reachus@indusind.com
Mussoorie 1860-500-5004/ 022-44066666, reachus@indusind.com
Nagpur 1860-500-5004/ 022-44066666, reachus@indusind.com
Nashik 1860-500-5004/ 022-44066666, reachus@indusind.com
Noida 1860-500-5004/ 022-44066666, reachus@indusind.com
Noida Extn. 1860-500-5004/ 022-44066666, reachus@indusind.com
Panipat 1860-500-5004/ 022-44066666, reachus@indusind.com
Patna 1860-500-5004/ 022-44066666, reachus@indusind.com
Pondicherry 1860-500-5004/ 022-44066666, reachus@indusind.com
Pune 1860-500-5004/ 022-44066666, reachus@indusind.com
Raipur 1860-500-5004/ 022-44066666, reachus@indusind.com
Rajkot 1860-500-5004/ 022-44066666, reachus@indusind.com
Ranchi 1860-500-5004/ 022-44066666, reachus@indusind.com
Rohtak 1860-500-5004/ 022-44066666, reachus@indusind.com
Roorkee 1860-500-5004/ 022-44066666, reachus@indusind.com
Salem 1860-500-5004/ 022-44066666, reachus@indusind.com
Shimla 1860-500-5004/ 022-44066666, reachus@indusind.com
Sonepat 1860-500-5004/ 022-44066666, reachus@indusind.com
Surat 1860-500-5004/ 022-44066666, reachus@indusind.com
Trichy 1860-500-5004/ 022-44066666, reachus@indusind.com
Udaipur 1860-500-5004/ 022-44066666, reachus@indusind.com
Vadodara 1860-500-5004/ 022-44066666, reachus@indusind.com
Varanasi 1860-500-5004/ 022-44066666, reachus@indusind.com
Vijaywada 1860-500-5004/ 022-44066666, reachus@indusind.com
Vizag 1860-500-5004/ 022-44066666, reachus@indusind.com
IndusInd Bank Business Loan News - Dec 2016
26th Aug 16 IndusInd has reduced its 1 year MCLR from 26th August, 2016
IndusInd Bank has reduced its 1 year Marginal Cost of Fund Based Lending Rate (MCLR) by 15 basis point (bps) to 9.75 percent from 9.9 percent. The change are effective from 26th August, 2016. The interest rates of home loans that have been disbursed after 1st April 2016 are linked to 1 year MCLR. For borrowers who have taken a home loan from IndusInd Bank after 1st April 2016, the reduction in MCLR will translate into a reduction in their home loan rates and hence their interest outgo. However, if you have taken the home loan at fixed interest rate then your interest expense will remain unchanged.
24th Aug 16 IndusInd Bank ties up with IBM for improved customer engagement services
IndusInd Bank has tied up with IBM to use its cloud commerce solutions to convert customer arrangements and boost its cross-sell platforms. In an agreement of three years, IBM will provide a cloud and predictive analytics based multi-channel campaign managing solution that enables IndusInd Bank to build up its online banking presence while improving the product holding per customer. Using customer behavior analysis and real-time contextual advertising, banks can make sure that customers relating with the bank on any channel will receive relevant and timely communications.
12th Jul 16 IndusInd Bank Q1 net up 26% at Rs 661.38 cr
IndusInd Bank posted 26 per cent rise in net profit for the quarter ended June 30. The bank posted net profit of Rs 661.38 crore for the quarter, compared with Rs 525.04 crore in the corresponding quarter of the previous financial year. The bank would continue its focus on the digital medium. It launched its Finger Print mobile banking during this quarter.
11th Jul 16 IndusInd Bank reports a 26 percent increase in its Net Profit
As per the results for Q1FY17, IndusInd Bank reported 26 percent increase in Net Profit to Rs 661 crore. This was supported by a strong increase in its Net Interest Income. The Net Interest Income increased by 28 percent and the advances showed a growth of 30 percent year on year in June quarter. Asset quality weakened mildly in Q1FY17 as Gross NPAs increased to 0.91 percent of total advances, up from 0.87 percent as on March 2016 and the Net NPA stood at 0.38 percent in June quarter compared to 0.36 percent as on March 2016.
24th May 16 IndusInd Bank and Reliance General Insurance Tie up for Distribution of Insurance Products
IndusInd Bank has recently signed a Corporate Agency Agreement with Reliance General Insurance, with the objective to distribute multiple options of general insurance products to its customers. With this partnership, Reliance General Insurance has extended its distribution channels and will distribute its insurance products across all the branches of IndusInd Bank. This is the first tie-up on Bancassurance post the recent multi bank partner guidelines issued by IRDAI.
*My Finance Care Advisors Pvt. Ltd., or https://www.myloancare.in is a bank neutral multi bank platform that helps borrowers and bank customers compare loans and deposits of all banks in India at one place. Information carried at this website is based on perusal of public sources and should not be construed as an offer or solicitation or invitation to borrow or lend. The Company does not assure as to the correctness of information carried at the website. Lenders/ banks/ other parties may contact us at info@myloancare.in to provide corrections or updates. We may act as and/ or be associated with channel partners of banks and other sellers of financial products.