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IndusInd Bank Business Loan Interest Rate Jun 2018

Last Updated 20th Jun 2018

IndusInd Bank Business Loan Interest Rates India

IndusInd Bank offers Business Loan starting at interest rate of 14.00%. The rates vary by loan amount, occupation and type of loan availed. Check Best Offers

IndusInd Bank Business Loan Features
IndusInd Bank Business Loan Rate
Loan for Self Employed Features
Processing Fee 2.50%
Tenure From 12 months to 60 months
Lowest EMI per lakh Rs. 2,327
Loan Amount Min Rs. 50,000 and Max Rs. 15 Lakh
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 12 EMI's, 4%
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IndusInd Bank Business Loan

IndusInd Bank offers loan to self employed and businessmen for financing the expansion or working capital requirements of their business. There are some benefits of taking loan from IndusInd Bank:

  • You can foreclose your entire Business loan anytime after paying 12 EMI's at foreclosure charges - 4%
  • IndusInd Bank has been rated NAN/5.0 by customers for its service quality on MyLoanCare
  • IndusInd Bank has over 385 branches in India where you can avail service
Compare Business Loan Rates of All Banks in India

IndusInd Bank Business Loan Interest Rate Calculator

There are multiple factors on which basis bank calculates your interest rate. Some of these factors are -

  • 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. Bank gives loan of minimum Rs. 50,000 to upto Rs. 15 Lakh. Interest rate for high loan amount can be lower resulting in lower EMIs.
  • CIBIL Score: IndusInd Bank offers loan at higher interest rate if your CIBIL score is low or vice versa. However, to get loan from IndusInd Bank, your CIBIL score should be atleast 700. Higher the CIBIL Score, higher the chances of getting a loan at lowest business loan interest.
  • Revenue: IndusInd Bank will offer you loan at lower interest rate if you have higher monthly revenue. Bank gives loan to the borrowers whose annual turnover is at least Rs. 0 .
  • Time in Business: IndusInd Bank offers loan at lower rates if you have significant business experience. Minimum business existence to get loan from IndusInd Bank is 24 months.

IndusInd Bank Eligibility Criteria

Bank have a detailed criteria to determine the eligibility of a borrower for business loans. Some of the key criteria are:

Eligibility Criteria Description
Age: 25 to 65 years
Minimum Turnover Rs. 0
Business Existence (in months) 24 months
ITR (months) 24 months
Loan Amount Rs. 50,000 to Rs. 15 Lakh
Loan Tenure 60 months
Owned House or Place of Work Not Required
CIBIL Score 750 and above

IndusInd Bank Business Loan Eligibility Calculator

Eligibility of Business loan in IndusInd Bank relies on two important factor:

1.Your ability to repay the loan and
2.Your past track record in repayment of loans.

The main factors on which the eligibility of an applicant depends are

  • Age: Age plays an important role to know your eligibility and repayment capacity. IndusInd Bank offers loan to those who are at least 25 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Loan Amount: Based on the loan amount eligibility, bank gives you loan ranging from Rs. 50,000 to Rs. 15 Lakh. To improve chances of approval, apply for a loan amount that you can comfortably service.
  • Profitability and Revenue: Loan eligibility significantly depends upon profitability on your turnover, revenue and profitability. IndusInd Bank requires profit for minimum 2 years and minimum business turnover of Rs. 0 .
  • 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 24 months. The bank will also look for minimum growth in sales for the last three year. A decline in sales for a certain period or below a certain limit might impact your eligibility to get loan.
  • ITR and Banking: Bank gives loan only after checking your income tax return and bank statements. Your ITR details for minimum 24 months and bank statement for minimum 6 months will be required by IndusInd Bank.
  • CIBIL Score: When checking loan eligibility, 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. Bank advise you to maintain a score of 750 and above to get loan approval.

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 loan till the end of tenure. Lowest EMI offered by IndusInd Bank is Rs. 2,327 per lakh loan amount. EMI of IndusInd Bank depends on factors like:

  • Interest Rate: Higher the interest rate, higher will be the EMI. For a 60 months loan from IndusInd Bank at an interest rate of 14.00% per annum, EMI will be Rs. 2,327 per Rs. one lakh loan amount. At an interest rate of 23.00% for the same loan, the EMI will be Rs. 2,819 .
  • Loan tenure: Longer the loan tenure, lesser your smonthly 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 Rs. 50,000 , the EMI at 14.00% for 60 months would be Rs. 1,163 . Similarly for amount borrowed Rs. 15 Lakh, the EMI at 14.00% for 60 months would be Rs. 34,902 .
IndusInd Bank Business Loan EMI Calculator
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 meeting your regular monthly expenses
  • You get a rough idea about your monthly EMI and can plan your monthly budget accordingly
Business Loan Products

IndusInd Bank offers customized products for specific customer segments designed to meet their loan requirements. Some of the popular products with their basic features are as follows:

Other Charges

In addition to interest rates, business loan also carry some other charges which include:

  • 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 loan after paying 12 EMI’s with prepayment charges - 4%
  • Processing Fee- IndusInd Bank asks for a processing fee of 2.50% with applicable service tax
Documents required
  • Address proof of individual: Aadhaar Card, Voter’s ID Card, Bank statement, registry copy, rent agreement , utility bills
  • Identity proof of individual: Passport, Driving License, PAN Card, Aadhaar 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 with other banks

FAQs on Business Loan IndusInd Bank

Why to take business loan from IndusInd Bank ?

Bank offers loan at 14.00% rate with the lowest EMI of Rs. 2,327 per lakh. If you are paying EMI more than this then you can opt for balance transfer and relocate your loan to IndusInd Bank.

What is the interest charged on IndusInd Bank business loan?

Interest rates on Business loan in IndusInd Bank are very attractive starting from 14.00% to 23.00%. Bank offer various offer for self employed professionals to get loan at very low rate of interest.

What is the lowest EMI per lakh on business loan from IndusInd Bank ?

If you apply for loan from IndusInd Bank, your lowest EMI per lakh will be Rs. 2,327 .

What is the minimum and maximum tenure of business loan in IndusInd Bank?

These loans are shorter tenure loans. You can repay your loan in a flexible period of minimum 12 months to maximum 60 months.

How much business loan amount I can borrow from IndusInd Bank?

IndusInd Bank offers you loan if you need a minimum amount of Rs. 50,000 to a maximum amount of 15 Lakh.

What is the processing fee charged by IndusInd Bank on business loan?

IndusInd Bank charges a processing fee of 2.50% with applicable tax.

Is age an eligibility factor to get loan for business from IndusInd Bank ?

Yes, age is an important eligibility factor to get loan as you should be at least 25 years old at loan approval time and 65 years old at loan maturity time.

What are the prepayment charges on business loan from IndusInd Bank?

Bank charges a fee in case you want to repay your entire loan amount before the end of tenure period. The fee charged by IndusInd Bank is 4% .

COMPARE Business Loan DETAILS OF BANKS
IndusInd Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-500-5004/ 022-44066666
Ahmedabad 1860-500-5004/ 022-44066666
Ambala 1860-500-5004/ 022-44066666
Anand 1860-500-5004/ 022-44066666
Aurangabad 1860-500-5004/ 022-44066666
Bangalore 1860-500-5004/ 022-44066666
Bhilai 1860-500-5004/ 022-44066666
Bhilwara 1860-500-5004/ 022-44066666
Bhiwadi 1860-500-5004/ 022-44066666
Bhopal 1860-500-5004/ 022-44066666
Bhubaneswar Cuttack 1860-500-5004/ 022-44066666
Bikaner 1860-500-5004/ 022-44066666
Chandigarh 1860-500-5004/ 022-44066666
Chennai 1860-500-5004/ 022-44066666
Cochin 1860-500-5004/ 022-44066666
Coimbatore 1860-500-5004/ 022-44066666
Dehradun 1860-500-5004/ 022-44066666
Delhi 1860-500-5004/ 022-44066666
Durg 1860-500-5004/ 022-44066666
Faridabad 1860-500-5004/ 022-44066666
Gandhinagar 1860-500-5004/ 022-44066666
Ghaziabad 1860-500-5004/ 022-44066666
Goa 1860-500-5004/ 022-44066666
Greater Noida 1860-500-5004/ 022-44066666
Gurgaon 1860-500-5004/ 022-44066666
Guwahati 1860-500-5004/ 022-44066666
Gwalior 1860-500-5004/ 022-44066666
Hyderabad 1860-500-5004/ 022-44066666
Indore 1860-500-5004/ 022-44066666
Jabalpur 1860-500-5004/ 022-44066666
Jaipur 1860-500-5004/ 022-44066666
Jalandhar 1860-500-5004/ 022-44066666
Jodhpur 1860-500-5004/ 022-44066666
Kanpur 1860-500-5004/ 022-44066666
Karnal 1860-500-5004/ 022-44066666
Kolhapur 1860-500-5004/ 022-44066666
Kolkata 1860-500-5004/ 022-44066666
Kota 1860-500-5004/ 022-44066666
Kozhikode 1860-500-5004/ 022-44066666
Lucknow 1860-500-5004/ 022-44066666
Ludhiana 1860-500-5004/ 022-44066666
Madurai 1860-500-5004/ 022-44066666
Meerut 1860-500-5004/ 022-44066666
Mehsana 1860-500-5004/ 022-44066666
Mohali Sas Nagar 1860-500-5004/ 022-44066666
Mumbai 1860-500-5004/ 022-44066666
Mussoorie 1860-500-5004/ 022-44066666
Nagpur 1860-500-5004/ 022-44066666
Nashik 1860-500-5004/ 022-44066666
Noida 1860-500-5004/ 022-44066666
Noida Extn 1860-500-5004/ 022-44066666
Panipat 1860-500-5004/ 022-44066666
Patna 1860-500-5004/ 022-44066666
Pondicherry 1860-500-5004/ 022-44066666
Pune 1860-500-5004/ 022-44066666
Raipur 1860-500-5004/ 022-44066666
Rajkot 1860-500-5004/ 022-44066666
Ranchi 1860-500-5004/ 022-44066666
Rohtak 1860-500-5004/ 022-44066666
Roorkee 1860-500-5004/ 022-44066666
Salem 1860-500-5004/ 022-44066666
Shimla 1860-500-5004/ 022-44066666
Sonepat 1860-500-5004/ 022-44066666
Surat 1860-500-5004/ 022-44066666
Trichy 1860-500-5004/ 022-44066666
Udaipur 1860-500-5004/ 022-44066666
Vadodara 1860-500-5004/ 022-44066666
Varanasi 1860-500-5004/ 022-44066666
Vijaywada 1860-500-5004/ 022-44066666
Vizag 1860-500-5004/ 022-44066666
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IndusInd Bank Business Loan News - Jun 2018
  • 2018-01-16 : Indusind reports net 25% growth in December quarter
    Private sector lender Indusind Bank has reported a 25% net growth in the third quarter, ending this December. The net profits stand at Rs. 936.25 crore owing to the higher core income. The report showed a minor positive change in the gross non- performing assets ratio, which went up with reverses in loans against property, commercial loans and corporate loans.
  • 2017-11-27 : IndusInd Bank, shareholders to invest Rs 205 crore in Satin Creditcare network
    Satin Creditcare Network, the microfinance lender backed by Asian Development Bank-backed will be raising funds worth Rs. 205 crore from IndusInd Bank and existing overseas shareholders in its bid to augment capital base and support growth. The net worth of Satin Creditcare Network will now be about Rs 1,000 crore.
  • 2017-10-23 : IndusInd Bank-Bharat Financial merger
    According to the Rs. 15,486 crore all-stock deal, an investor in IndusInd will get 639 shares , for every 1,000 BFIL shares. Rs. 10,971 crore loan books will be absorbed by the bank and treated as so-called priority loans which are loans to agriculture, micro enterprises and weaker sections of the society. The 15,284 employees of BFIL have been assured of not losing their jobs, at least for the first three years after the merger is formalized.
  • 2017-09-15 : IndusInd Bank partners with ADB to provide loans to rural women
    IndusInd Bank has announced that it has partnered with the Asian Development Bank (ADB). The ADB bank has signed a loan of 200 million dollar with IndusInd Bank to provide finance to low income women borrowers in rural India. Meanwhile, ADB will also extend its support to the bank to improve the financial literacy of women borrowers in villages.
  • 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.
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