IndusInd Bank Business Loan

IndusInd Bank | Business Loan | 23-Feb,2021

About IndusInd Bank: IndusInd Bank Limited is one of Indias largest banks and a new-generation Indian bank. It was established by the Hinduja Group on April 31, 1994. The banks headquarters are located in Pune, Maharashtra, and it has been operating continuously since April 1994.

Detail: The candidate’s age should be minimum 21 years at the time of application form and maximum 45 years.

Annual Percentage Rate (APR): 14.00%

Minimum & Maximum period for repayment (Loan Tenure): 12 months to 60 months

Loan processing charges: 2.50%

Late Payment: Allowed after 12 EMI's, 4%

Foreclosure Charges: Not Allowed

Partpayment Charges: Not Allowed

Maximum Loan Amount: Upto 15 lakh

IndusInd Bank Profile

Sector : Finance

Industry : Regional Banks

IndusInd Bank was inaugurated in April 1994 by the then Union Finance Minister, Manmohan Singh. The bank offers commercial banking transactions and electronic banking products and services. According to the bank, its name is derived from the Indus Valley Civilization. As of December 31, 2018, the bank had a network of 1,558 branches and 2,453 ATMs across India. The current Chairman of the bank is Sumant Kathpalia.

Know more

You will go on the Official website.

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Loan Type

IndusInd Bank ROI Max Loan Amount Tenure Processing Fee Late Payment Foreclosure Charges Partpayment Charges
Personal Loan 11.25% 25 Lakh 60 months 2.5% + GST Allowed after 12 EMI's INR 150/- plus taxes, Per EMI delay beyond 5 days N/A
Home Loan 8.00% Up to 90% of the property value Up to 30 years Up to 0.5% of loan amount + GST -- -- --
Education Loan 11% -- 5 to 7 years As decided by the bank from time to time -- -- --
Car Loan 7.35% 90% to 100% of the on-road price of the car Up to 60 months 0.50% of loan amount up to a maximum of Rs.10,000 plus GST -- -- --
Business Loan 14.00% Upto 15 lakh 12 months to 60 months 2.50% Allowed after 12 EMI's, 4% Not Allowed Not Allowed
Gold Loan Up to 16 % p.a. Up to Rs.10 lakh 12 months to 24 months 1% of the loan amount sanctioned + GST -- -- Up to 1% of the outstanding amount

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