Indian Bank Business Loan
Develop a small or large-scale business with business loans from Indian Bank. The business loans appear with a multitude of advantages and are tailor-made to satisfy unique business requirements. It offers the best business loans in India, with total transparency and competing interest rates. Also, the business loans do not require any security. Hence fulfill your dreams and get personalized solutions and services.
WHY SELECT INDIAN BANK FOR BUSINESS LOAN?
- Fast disbursals
- Whole transparency
- Competing for pricing
- No Security needed
- Low-interest rates
- Easy documentation
- High Loan tenure
- Flexibility in repayment
- Minimum paperwork
- Low EMI
- Zero hidden charges and feed
- Maximum loan up to Rs 25 lakh for salaried individual
- 24/7 customer service
Indian Bank Business Loan Interest Rate
Loan Amount
Starting From Rs. 50,000 up to Rs. 25 lakhs
Interest Rate |
10.99% - 20.00% |
Loan Tenure |
12 to 60 months |
Processing Fee |
2.50%, Minimum Rs. 1,000 Maximum Rs. 25,000 |
Foreclosure Charges |
Allowed after 12 EMIs, Prepayment charges vary by year: 2nd year - 4%; 3rd year - 3%, after 3 years - 2% |
Age |
21 years up to 60 years |
INDIAN BANK BUSINESS LOAN FEATURES
NO COLLATERAL OR SECURITY REQUIRED
Avail loan up to Rs.25 lakh without any collateral, guarantor or safety, to fulfill every business requirement. Starting from business expansion and working capital to the child's education or a home renovation, satisfy every need of yours.
IMMEDIATE ELIGIBILITY CHECK AND DISBURSAL
Verify the Business Loan eligibility online or at any branch in just 60 seconds. Loans will be disbursed within two business days.
FLEXIBLE TENURE
The applicant can repay the loan over a period of 12 to 48 months. Hence, providing flexible loan tenure.
LOW-INTEREST RATES
Indian bank presents competing interest rates on personal loans. It is presenting an interest rate of 10.50% per annum. It can also vary from an individual to an individual depending on the credit score which he/she contains.
EXCITING OFFERS FOR WOMEN APPLICANTS
With the Business Loan designed primarily for women, Indian Bank presents a unique loan scheme to women employees who are ambitious to fulfill their goals. It offers with plans which are fitting for working women to obtain their necessities and aims. They can take a Business loan of up to Rs. 25 lakh.
EMI CALCULATOR
It’s easy to estimate the EMIs with the guidance of a Business loan EMI calculator online for Indian bank. For determining the loan, the user has to insert the amount, tenure and interest rate in the calculator. Once the values are registered, the user will see the estimates of EMIs, interest and the overall liability.
SIMPLE PRE-CLOSURE OPTION
The applicant can merely pay-off the loan following the availability of the cash. The pre-closure and part-payment selection is available with almost no or very minimum charges.
ACCESSIBLE DOCUMENTATION
The papers needed for the approval of Indian Bank Personal Loan quite a basic one. The best section is the documentation method is also conducted online which makes the entire process paperless.
24/7 CUSTOMER SERVICE
The applicant has the authority of expert customer support throughout the lending method. They can contact the customer desk of the bank via a call or message. The user does require touring the bank physically as all the loan paperwork can be performed online with ease.
Indian Bank Business Loan Fees & Charges
| Loan Processing Fees | Up to 2.50% of loan amount, Rs 1,000 to 25,000 |
|---|---|
| Pre-payment Charges | 4% of principal outstanding - 13 to 24 months, 3% of principal outstanding – 25 to 36 months 2% of principal outstanding - >36 months |
| Penalty for late EMI payment | 24% per year on outstanding amount From default date |
ELIGIBILITY CRITERIA INVOLV ED BUSINESS LOAN AT INDIAN BANK
Any resident person exercised with Govt. /Quasi -Govt. / Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc can provide Business loan requests.
Minimum of three years of industry knowledge is a necessity for Business Loans from an Indian bank.
Post reduction of proposed EMI, the candidate should be able to get away a minimum of 40% on the monthly take-home wage.
No archives of any error in any prior credit relationship with the unspecified lender.
Minimum age at the interval of loan request must be 18 years of age
Maximum age at the range of loan maturity must be 60 years of age
The candidate must hold good repayment capacity with a steady source of income.
Overall bank ranks and the reliability of the company that the candidate works for must be significant.
DOCUMENTATION REQUIRED FOR INDIAN BANK
PAN card of the company or firm. The candidate can also submit the PAN card of their own.
Identity proof and documents having an adhaar card, passport, voter's ID, PAN Card, driving license
Address proof with the papers containing an adhaar card, passport, voter's ID card, driving license.
Bank statement of six months.
Current ITR along with an estimate of income, balance sheet and profit or Loss account of the previous two years.
Other necessary documents like a declaration or certified copy of partnership deed, certified an exact copy of memorandum and articles of association
WHY SHOULD THE USER OPT FOR INDIAN BANK BUSINESS LOAN AT RUPEE STATION?
OFFERING PERSONALIZED LOAN OFFERS
Rupee Station offers personalized loan and excellent deals at the best and low rate of interest. It is because of the fact that Rupee Station has a tie-up with Indian Bank, which offers the applicants to get the best deal on the business loan as per the profile stated and their needs.
QUICK APPROVAL
The candidate would get quick approval on the business loan after they have filled in a simple and quick online application form. It is simple and easy.
DISBURSAL OF FUNDS WITHIN TWO DAYS
As soon as after the loan is approved, the funds are transported right into the borrower’s bank account within two working days. Thus we do not believe in delay as we are aware that the user’s needs and requirements are important.
COMPETENCE OF REAL-TIME TRACKING
After compliance of the loan application at Rupee Station, the applicant can trace the application online and moreover, will believe that the updates of the submitted application form using both email and SMS is accessible.
CUSTOMER SUPPORT SERVICE
Rupee Station has a customer support team which is zealous and enthusiastic. The helpline is forever ready to help with any grievances or questions from the applicants.
WAYS TO APPLY FOR INDIAN LOAN AT RUPEE STATION?
Step 1
The applicant first needs to fill the online application form. It only takes up 36 seconds and is really easy to fill.
Step 2
The application form is then reviewed by the bank and the confirmation is stated to the user within few minutes
Step 3
The cash money is then disbursed to the user within two working days.
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