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IndusInd Bank Business Loan Interest Rate Apr 2021

IndusInd Bank Business Loan Interest Rates India

Last Updated 24th Mar 2021

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

Interest Rate 14.00%
Processing Fee 2.50%
Tenure From 12 months to 60 months
Lowest EMI per lakh ₹ 2,327
Loan Amount Min ₹ 50,000 and Max ₹ 15 Lakh
Part Prepayment, Charges Not allowed
Early Foreclosure, Charges Allowed after 12 EMI's, 4%
Apply for Business Loan @ 13.50%*

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 over 385 branches in India where you can avail service

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 ₹ 50,000 to upto ₹ 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 ₹ 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 Business Loan 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 ₹ 0
Business Existence (in months) 24 months
ITR (months) 24 months
Loan Amount ₹ 50,000 to ₹ 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:

  • Your ability to repay the loan
  • 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 ₹ 50,000 to ₹ 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 ₹ 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 ₹ 0.02 Lakh 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 ₹ 0.02 Lakh per ₹ 1 Lakh loan amount. At an interest rate of 23.00% for the same loan, the EMI will be ₹ 0.03 Lakh.
  • 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 ₹ 0.09 Lakh to ₹ 0.02 Lakh 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 ₹ 0.01 Lakh. Similarly for amount borrowed ₹ 15 Lakh, the EMI at 14.00% for 60 months would be ₹ 0 Cr.

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

FAQs

Why to take business loan from IndusInd Bank?

Bank offers loan at 14.00% rate with the lowest EMI of ₹ 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 ₹ 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 echo 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 ₹ 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%.

IndusInd Bank Business Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-267-7777
Ahmedabad 1860-267-7777
Ambala 1860-267-7777
Anand 1860-267-7777
Aurangabad Bihar 1860-267-7777
Bangalore 1860-267-7777
Bhilai 1860-267-7777
Bhilwara 1860-267-7777
Bhiwadi 1860-267-7777
Bhopal 1860-267-7777
Bhubaneswar Cuttack 1860-267-7777
Bikaner 1860-267-7777
Chandigarh 1860-267-7777
Chennai 1860-267-7777
Cochin 1860-267-7777
Coimbatore 1860-267-7777
Dehradun 1860-267-7777
Delhi 1860-267-7777
Durg 1860-267-7777
Faridabad 1860-267-7777
Gandhinagar 1860-267-7777
Ghaziabad 1860-267-7777
Goa 1860-267-7777
Greater Noida 1860-267-7777
Gurgaon 1860-267-7777
Guwahati 1860-267-7777
Gwalior 1860-267-7777
Hyderabad 1860-267-7777
Indore 1860-267-7777
Jabalpur 1860-267-7777
Jaipur 1860-267-7777
Jalandhar 1860-267-7777
Jodhpur 1860-267-7777
Kanpur 1860-267-7777
Karnal 1860-267-7777
Kolhapur 1860-267-7777
Kolkata 1860-267-7777
Kota 1860-267-7777
Kozhikode 1860-267-7777
Lucknow 1860-267-7777
Ludhiana 1860-267-7777
Madurai 1860-267-7777
Meerut 1860-267-7777
Mehsana 1860-267-7777
Mohali Sas Nagar 1860-267-7777
Mumbai 1860-267-7777
Mussoorie 1860-267-7777
Nagpur 1860-267-7777
Nashik 1860-267-7777
Noida 1860-267-7777
Noida Extn 1860-267-7777
Panipat 1860-267-7777
Patna 1860-267-7777
Pondicherry 1860-267-7777
Pune 1860-267-7777
Raipur 1860-267-7777
Rajkot 1860-267-7777
Ranchi 1860-267-7777
Rohtak 1860-267-7777
Roorkee 1860-267-7777
Salem 1860-267-7777
Shimla 1860-267-7777
Sonipat 1860-267-7777
Surat 1860-267-7777
Trichy 1860-267-7777
Udaipur 1860-267-7777
Vadodara 1860-267-7777
Varanasi 1860-267-7777
Vijaywada 1860-267-7777
Vizag 1860-267-7777

IndusInd Bank Business Loan News - Apr 2021
  • 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
    IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion.
  • 2021-01-08 : IndusInd Bank reported 11% growth in Q3 deposits
    IndusInd Bank posted a 3.2% quarter-on-quarter growth in the net advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans in the December quarter. Further, the bank also posted a 5% quarterly growth in deposits which includes fixed and recurring deposits.
  • 2020-07-29 : IndusInd Bank reported a Q1 profit before tax of Rs 602.45 crore
    IndusInd Bank registered a 67.8% fall in Q1FY21 net profit on the back of a five-fold increase in provisions for bad loans. Net interest income backed by a home, personal, gold, car and two-wheeler loans along with business and mudra loans grew by 16.4% year-on-year to Rs 3,309.2 crore in the quarter ended June 2020. Further, the gross bad asset ratio spiked to 2.53 per cent from 2.45 per cent in the March quarter and 2.15 per cent in the June quarter last year.
  • 2020-04-28 : IndusInd Bank reported a Q4 profit of Rs. 301.84 crore
    Private sector lender IndusInd Bank registered a Q4 profit of ₹301.84 crores against ₹360.10 crores a year ago. In addition to this, the bank’s standalone net profit for 2019- 2020 surged by 33.8% backed by retail loans like home and personal loan along with business loan to ₹4,417.91 crores against ₹3,301 crores in 2018-19.
  • 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.
*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. Read More
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