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MSME Loans

  • Individual unsecured business loans to the MSME segment to cover their Capital and Working Capital Needs.
  1. Personal
  2. Loans
  3. MSME Loans

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 door step

Tenure Maximum 36 months

Repayment frequency as desired (weekly, fortnightly & Monthly)

Interest Rates – Q2 – 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 Q2- FY 2025

Note: Interest rates offered may differ from product variant/scheme selected by the customers and may differ from BC to BC

Annualized Percentage Rate (APR) – Q2 – 2024-25

Product Minimum Maximum
MSME Loans 20.88% 24.99%

Current Interest Rates 

Product Minimum Maximum
MSME 18% 18%

Fees & Charges

Processing Fee - Up to 1.50% of loan amount plus applicable taxes. Processing fee is applicable only for loans above Rs.25000.

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.
  • Should be doing the activity for which loan is being applied
  • Residing within the operational area of Bank though BC.

*Customer final loan eligibility will be determined by the banks loan eligibility criteria set for the specific product.

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