IndusInd Bank Business Loan
Based on 157 Customer Reviews
Published on: January 24, 2018
Based on 157 Customer Reviews
Published on: January 24, 2018
IndusInd Bank Limited is a Mumbai based India’s 6th most committed private bank, which offers commercial, transactional and electronic products and services in the banking sector. It has been recognized for its exceeding services and high end-products which befit all the sections of the society and their needs. The bank was established in 1994 and inaugurated by our then Union Finance Minister Manmohan Singh. As on 30th June 2016, IndusInd bank has a network of over 1,004 branches and 1886 ATM’s across 625 locations of the country. It also has representative branches in London, Dubai and Abu Dhabi. IndusInd Bank Limited is considered as the first among the new generation private banks established in India.
IndusInd business loan plays predominant importance to its customer representatives so that a maximum level of customer satisfaction is achieved. IndusInd bank business loans in India are introduced keeping in mind the sole proprietorship firms and private and partnership firms. Under a business loan, an entrepreneur can borrow the loan amount to use it for business growth and expansions or to fund a start-up venture. IndusInd business loans have become a popular choice for many business ventures due to its simplified documentation, flexible tenures, and lower interest rates. IndusInd Bank business loans are quick in processing, competitive and customized to suit each of your business needs. Afinoz.com has an exclusive collaboration with the IndusInd bank. So, applying for an IndusInd business loan with Afinoz.com makes the process of application and approval of loans from IndusInd much quicker and easier. By availing of the benefits of IndusInd business loans with Afinoz.com, applicants may achieve their dreams of taking their business to a new level of success by getting a prompt approval with ascertained satisfaction.
Afinoz.com is India's foremost online financial marketplace for availing loans and investments. Our main objective is to make the process of getting a loan or making an investment safer, convenient and hassle-free for individuals. We work with public and private banks, NBFCs and mutual fund houses across the entire country and offer an unbiased quotation on financial products. You can contact our team to get more information or apply for a loan or investment by calling on +918795021552 or by emailing at email@example.com. Afinoz.com provides solutions which are quick, reliable, transparent, confidential and above all free.
IndusInd Bank has attractive benefits from quick approval of loans, to attractive interest rates along with longer loan tenures. Quantum of business loan offered by the IndusInd bank to customers depends on a lot of factors (profits generated by the business in the last 3 years, amount of tax paid and occurring in ITR filed over the past 2-3 years, credit history etc.) including their requirements and repayment history. Here are some features and benefits of IndusInd bank business loan:
IndusInd Bank business loan eligibility and IndusInd Bank business loan interest rates can be easily evaluated through and seen on Afinoz. If there is any query about IndusInd Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at firstname.lastname@example.org and get all the solutions at one go.
Any individual who is an Indian citizen with a residual income and the ability to repay the loans is eligible for IndusInd business loans. The other parameters that a loan seeker must satisfy in order to be eligible for getting a business loan are mentioned below:
The business loan entails the simplest form of documents which can be categorized broadly into two classes as: -
11.99% to 23%*
1 year to 5 years
1% of the total loan amount + Service Tax
Subject to a minimum of Rs 1000 and maximum of Rs.25000
No prepayment permitted until the repayment of 12 EMI’s
2 to 3% of the remaining loan amount + Service tax
No due certificate/ No Objection Certificate(NOC)
Duplicate No due certificate/ NOC
Special Note:*Rates are subject to periodic change. Business loan interest rates in IndusInd Bank & other fees and charges are subject to regular review and can vary with each customer. IndusInd Bank business loan interest rates can differ depending on your creditworthiness & other factors. The final interest rate will be based on different criteria including the bank’s internal policies & applicable rates at the time of approval.
Afinoz.com is India's leading personalized financial marketplace. We have created a business loan platform which lets you choose the best business loan that meets your requirements from the multiple options that are available to you.
IndusInd Bank has an exclusive tie-up with afinoz.com. If you are looking for a business loan then you can simply log on to Afinoz.com to check your business loan eligibility and apply for a loan.
Business owners can apply for a loan in IndusInd bank through Afinoz.com in the following three simple steps:
At each step of the application process, Afinoz.com allows it's applicant to keep track of the status of their application in real-time via SMS as well as through emails. Due to such simplified and fast processing, Afinoz.com has become a popular option among a large number of business owners.
Query-How to calculate the eligibility of IndusInd business loan on Afinoz.com?
Reply-Afinoz.com provides you with an EMI calculator called business loan eligibility calculator which you can use to determine your eligibility for a business loan application.
Query-What are the current IndusInd Bank business loan rates?
Reply- IndusInd business loan interest rate today ranges from 11.99% to 23% for self-employed professionals and private/partnership firms.
Query-How much loan amount can I avail?
Reply-You can avail a maximum amount of Rs.15 lakhs to Rs.25 lakhs from IndusInd bank depending on your eligibility and your requirements.
Query-What is the minimum and maximum tenure of IndusInd Bank business loan?
Reply-You can repay your business loan from IndusInd Bank in a period of 1 to 5 years.
Query-Is there a processing fee charged by IndusInd Bank on the business loan?
Reply-Yes, a small processing fee of 1% of the total loan amount is charged by the bank to the borrower.
Query-Is it safe to share my personal data online?
Reply-Afinoz.com is a premier financial portal which does not share any of its client data with any third party other than the concerned financial institution. Data is sent online in an encrypted format making it safe and secured.
Query-How do I repay my Business loan?
Reply- You have to repay your loan in equated monthly installments (EMI). You can either opt for post-dated cheques or for direct debit of your EMI payments from your IndusInd Bank account.
Query-What security do I need to provide to avail a Business loan?
Reply-No security or collateral is required while applying for business loans upto Rs. 10 lakhs.
Reply-If all of your documents are up-to-date and you have by-passed the bank’s eligibility criteria, then you can expect to get the loan approved within 3 to 4 working days of loan application submission.
Query-How can I track my loan application?
Reply- You will get a unique transaction ID when you first sign up with business loan application on Afinoz.com. You can use this ID to track down your application on www.afinoz.com. In addition to this transaction ID, we also send alerts via SMS and email to our customer on their registered mobile number and mail ID’s informing them about the progress of their application in real-time.
For any query about IndusInd Bank business loan application, you can log on to afinoz.com or give us a call at +918795021552 or mail us at email@example.com.