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The facility is currently available only for pre-qualified existing customers of the bank. Please click on the link to check your eligibility for Easy Credit Business Loan.
You need to keep the below documents handy while applying for business loan.
In case all the details are correct and verified in real-time, an in-principle sanction shall happen instantly and disbursal of funds to your bank account shall happen within 2-3 business days.
You can select to repay your loan over a period of 12 to 36 months.
Rate of interest will be 16% onwards.
Applicable Government taxes, levies, etc. are over and above the Fees & Charges.
You can prepay/foreclose the entire loan outstanding any time after the completion of 12 months. Prepayment charges as applicable would be levied on the outstanding loan amount. The exact amount for pre-closure of the loan shall be available in the foreclosure letter/statement issued by the bank.
Part prepayment is not allowed. The business loan has to either be prepaid in full or serviced for the contracted tenure.
You pay the loan in equated monthly instalments (EMIs) by setting up standing instruction (SI) to debit your IndusInd Bank account with the EMI amount.
The different charges are: Processing fee (up to 2% of the loan amount), Stamp duty (as applicable), Documentation Charges (depending on the loan amount), GST and other applicable government taxes, levies.
To obtain the loan, there is absolutely no need to provide any security or collateral.
No guarantor is required for availing the loan.
You can always resume the journey from where you left off by providing basic details like your PAN and Mobile Number.