Loans to Merchants and Retailers
- These are loans given to meet working capital requirement of small retailers/business outlets primarily targeting rural, semi-urban & Urban customers.
Loans to Merchants
These are the loans given to meet working capital requirement of small retailers/business outlets primarily targeting rural, semi-urban & Urban customers.
Loans to Retailers
We offer individual loans for working capital to small retailers (Bharat Super Shop-BSS) who generate daily cash flows. Current account, recurring deposit and loans are offered at their doorstep in addition to the convenience of mobile and WhatsApp banking facility.
Benefits
Customized product
Maximum loan upto Rs.500000
Tenure Maximum 36 months.
Repayment frequency as desired (weekly, fortnightly & Monthly)
Interest Rates – Q3 – 2024-25
| Product | Minimum | Weighted average interest rate* | Maximum |
|---|---|---|---|
| Loans to Merchants and Retailers: | 21.50% | 27.63% | 28.0% |
* Weighted average interest rate is calculated based on the disbursements done in Q3- FY 2025
Note:Â Interest rates offered may differ from product variant/scheme selected by the customers and may differ from BC to BC
Annualized Percentage Rate (APR) – Q3 – 2023-24
| Product | Minimum | Maximum |
|---|---|---|
| Loans to Merchants and Retailers: | 23.88% | 42.55% |
Current Interest Rates 
| Product | Minimum | Maximum |
|---|---|---|
| Loans to Merchants and Retailers: | 21.50% | 28.00% |
*Interest rate may differ from BC to BC and basis customer category.
Fees & Charges
Processing Fee - Maximum of 2.50% of loan amount plus applicable taxes. Processing fee is applicable only for loans above Rs.25000 if classified as Priority sector lending .
Documentation Charges - Maximum of 2% plus applicable taxes. If documentation charges are being charged, then there are no separate Stamp duty charges collected.
Physical Cash Collection Charges - Rs.50 Plus applicable taxes.
Credit Shield Insurance to be charged at actuals and to be paid by the customer if opted. Borrower has choice to opt for.
- Availing Insurance offered by Bank through its tie-up or
- To assign his/her existing insurance policy to the satisfaction of IndusInd Bank.
Fore-closure charges : 4 % (plus applicable taxes)
Note:Â Charges may differ from product variant/scheme offered to Merchants /Retailers and may differ from BC to BC.
Eligibility
- Individual (18-65 years).
- Have Officially Valid Documents as KYC (Aadhaar / Driving License / voter ID /Passport / Job card issued by NREGA).
- PAN or Form 60 Mandatory.
- Should be small retailer’s/business outlets doing the activity for which loan is being applied.
- Applicant must provide Personal Details, Household detail, Business / activity Details, Income Details, GST / Bank statement etc., as applicable for the bank to decision the case.
- Residing within the operational area of Bank though BC.
- Maximum Turn Around Time (TAT) from Loan application to Loan Decisioning is 14 working days  from the date of receiving the complete set of application and required documents
*Customer final loan eligibility will be determined by the bank’s loan eligibility criteria set for the specific product
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