Lending Services

Traders Advances

    IndusInd Bank extends Working Capital limits to small traders and businessmen on the basis of turnover and other parameters.

Features & Benefits

    Nature of facility
    Demand Loan / Overdraft

    Margin
    25%

    Security
    Primary security of stock and collateral security of property.

    Quantum
    20% of annual turnover upto Rs.10 lacs. Projected turnover and audited financial statements for credit limits over Rs.10 lacs and the eligibility would be fixed as per various financial parameters.

    Repayment
    By monthly installment / on demand and servicing of monthly interest.

Eligibility

    Wholesale / Retail traders with valid licence / registration

Documentation

    • Company Profile
    • Balance sheet
    • Profit and Loss account



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IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment