MSME Loans
- Individual unsecured business loans to the MSME segment to cover their Capital and Working Capital Needs.
MSME Loans
These are individual unsecured business loans to the MSME segment, primarily targeting rural, semi-urban & Urban customers.
Benefits
Customized product
Service at the doorstep at centre meetings.
Maximum loan upto Rs.250000
Tenure Maximum 36 months.
Repayment frequencies as desired (weekly, fortnightly & Monthly)
Interest Rates – Q3 – 2024-25
| Product | Minimum | Weighted average interest rate* | Maximum |
|---|---|---|---|
| MSME Loans | 18.0% | 18.0% | 18.0% |
* 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 – 2024-25
| Product | Minimum | Maximum |
|---|---|---|
| MSME Loans | 20.82% | 24.36% |
Current Interest Rates 
| Product | Minimum | Maximum |
|---|---|---|
| MSME | 18% | 18% |
Fees & Charges
Processing Fee - Processing Fee - Up to 1.50% of loan amount plus applicable taxes. Processing fee is applicable only for loans above Rs.25000 if classified as Priority sector lending.
Stamp Duty – Stamp duty charged at actuals. Depending on the state rules, stamp duty will be paid by the customer.
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.
Note : Charges may differ from product variant/scheme selected by the  customers 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 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.
- For MSE loans upto Rs.25 lakhs the 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 banks loan eligibility criteria set for the specific product.
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