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Who is Eligible for a Business Loan?
Posted on Thursday, June 8th, 2023 | By IndusInd Bank
A business loan can give your enterprise the push it needs to scale operations, improve infrastructure, or manage working capital efficiently. But before you apply, it’s essential to understand whether you meet the eligibility requirements.
Whether you’re a startup founder, a seasoned entrepreneur, or running a small-to-medium enterprise, IndusInd Bank offers customized business loan solutions to help you meet your financial goals. Here’s everything you need to know about eligibility, influencing factors, and why IndusInd Bank might be your best choice.
Fulfil your Business Needs with IndusInd Bank
Every business—big or small—needs funding at some stage. It could be for expansion, inventory purchases, hiring, upgrading technology, or just managing day-to-day expenses. IndusInd Bank understands the diverse needs of businesses and offers tailored loan options that are easy to access and quick to disburse.
With a transparent process, competitive interest rates, and flexible repayment tenures, IndusInd Bank ensures that your business never runs out of fuel. You don’t have to worry about long paperwork or hidden charges—just focus on what matters: growing your business.
With IndusInd Bank, you can fulfil your immediate business requirements such as:
- Short-term cash needs
- Finance for business expansion or for acquisition of a new business
- Working capital requirements
- New inventory
- Timely vendor payment
- Staff Salary
- Bridge financing
IndusInd Bank Business Loan Eligibility
In order to get a business loan from IndusInd Bank, you need to meet the eligibility criteria details listed below:
| FINANCIAL CRITERIA | NON-FINANCIAL CRITERIA | ||
| Minimum Turnover | INR 1 crore in the latest financial year with audited financial statements of 2 years | Age | 25 years-70 years (21 years in case of second generation businessman) |
| Profitability | Positive Profit Before Depreciation and Tax (PBDT) in the last 3 years | Business Vintage | Minimum of 3 years |
| Paid-Up Capital | Greater than or equal to INR 10 lakhs | Ownership | Ownership of property is mandatory |
| Past Payment History | 12 months’ clean record for a minimum loan of INR 4 lakhs | ||
Factors That Affect Business Loan Eligibility
Several factors come into play when a bank assesses your business loan application. Understanding these can help you strengthen your application and increase your chances of approval.
- Credit Score & Credit History
Your credit score is a reflection of how well you manage debt. A healthy score indicates financial discipline, making you a low-risk borrower. - Business Vintage
Lenders prefer businesses with a proven track record. The longer your business has been in operation, the more reliable it appears to lenders. - Annual Turnover & Profitability
Your revenue figures and profit margins show your ability to repay the loan. High turnover and consistent profits build lender confidence. - Cash Flow Management
Regular and healthy cash flows suggest that your business has the liquidity to meet monthly EMIs without stress. - Existing Debt Obligations
If you’re already repaying multiple loans, it might affect your eligibility. Lenders check your debt-to-income ratio to ensure you’re not over-leveraged. - Collateral Availability (if applicable)
For secured loans, assets like property, inventory, or machinery can help strengthen your loan application and possibly reduce interest rates.
Why Choose IndusInd Bank?
When it comes to business loans, choosing the right financial partner can make all the difference. Here’s why IndusInd Bank stands out.
- Quick & Hassle-Free Approvals – Fast-tracked application process with minimal documentation.
- Tailored Loan Solutions – Flexible loan amounts and tenure options to meet your unique business needs.
- Attractive Interest Rates – Competitive rates to help you borrow smart.
- No Hidden Charges – Transparent terms with complete clarity on fees and charges.
- End-to-End Digital Process – Apply online, upload documents, and track your application status seamlessly.
Whether you’re looking to scale operations or stabilize cash flow, IndusInd Bank offers the support and tools you need to take your business to the next level.
