Need quick access to funds to invest in your business? There could be many reasons why you might be seeking financial support. Perhaps you want to expand your operations, purchase new machinery, manage working capital during seasonal fluctuations, or capitalise on market opportunities. Whatever your motive, the IndusInd Bank Quick Business Loan offers a seamless solution with its fast disbursal times, customisable loan amount, and a fully digital process.
The best part is that this is a 100% collateral-free loan, which means you can borrow funds without risking your assets. Keep reading to learn how you can apply for a business loan online, understand the benefits, and check the documents required.
Apply for the IndusInd Bank Quick Business Loan in 4 simple steps
Wondering, “How do I apply for a business loan with IndusInd Bank?” The process is completely online, so you won't have to visit the bank or submit any physical documents.
Here is a quick breakdown of the steps: Enter personal and business details: Input your personal information, such as name and contact details, followed by your business information, which could include business name, type, and operational details. The online form is easy to navigate and takes only about 10 minutes to complete.
Check your eligibility: Once you have submitted your details, the system quickly assesses your eligibility for the loan. This automated check takes just about 5 minutes and provides immediate feedback on whether you meet the criteria.
Complete your video KYC and verification process: Here, you will verify your identity and documents with a bank officer through a secure video call. This can be done in as little as 15 minutes but may take up to 48 hours, depending on your availability and how quickly the verification is processed.
Receive the loan amount: Once your details are verified and your application is approved, the loan amount is sanctioned instantly. The funds are then quickly disbursed to your account, which means you can use them to grow and expand your business without any delays. The loan amount, interest rate, and repayment terms will be clearly outlined in the loan agreement.
Now you know the four simple steps on how to get a business loan instantly with IndusInd Bank!
USPs of the IndusInd Bank Quick Business Loan
What makes IndusInd Bank Quick Business Loans different from the rest of the options available in the market? Take a detailed look at the key features of this product:
USP 1: No income proof
You don't have to submit any documents to prove business income. This makes the application process quicker and simpler, helping you focus on your business’s growth rather than extensive paperwork.
USP 2: 2 years of business continuity/vintage
While most banks require a minimum of 3 years of operational history, this small business loan only requires 2 years of business continuity. This shorter requirement allows newer businesses to access funding more easily.
USP 3: Disbursal in existing current account
Most banks require you to open a new current account with them for receiving the disbursed loan amount. This can be a hassle as it involves additional paperwork, account management, and possible delays. IndusInd Bank simplifies the entire loan process by transferring the sanctioned amount directly to your existing current account.
USP 4: 100% digital process
The whole process, from application to disbursal, happens digitally. You don’t have to visit the bank, complete physical paperwork, or wait in line. Just apply for a business loan online and complete the entire process from your home/office via your laptop/smartphone. This feature saves time and is especially advantageous for businesses where time and efficiency are highly prioritised.
USP 5: Lightning-fast disbursal
When it comes to business funding, time really makes a difference. IndusInd Bank understands this need for urgency and offers one of the fastest disbursal times in the industry. Depending on your CIBIL score and other financial parameters, you can receive the loan funds in as little as 20 minutes.
Crucial documents required to obtain a quick business loan
1. For sole proprietors (For more than ₹5 lakh)
- Current account bank statements (last 6 months): The name on your bank statement must correspond with the business proof you provide.
- Business proof documents: GST is mandatory. Besides GST, one more business proof needs to be submitted, which can be any one of the following:
1) Udyam Registration Certificate
2) Shop Act License
3) FSSAI License
4) ICAI Certificate of Practice
5) Medical Council of India Certificate
6) ICSI Certificate of Practice
7) Import Export License
8) Any other licence issued by the government with ‘issue date’ mentioned
KYC documents: Aadhaar card and PAN card
2. For individual business owners
- Current account bank statements (last 6 months): The name of the business owner on the bank statement should match the name on the provided business proof.
- Business proof documents: Any one of the following documents:
1) Udyam Registration Certificate
2) Shop Act License
3) FSSAI License
4) ICAI Certificate of Practice
5) Medical Council of India Certificate
6) ICSI Certificate of Practice
7) Import Export License
8) Any other licence issued by the government with ‘issue date’ mentioned
KYC documents: Aadhaar card and PAN card
Get your IndusInd Bank Quick Business Loan today!
Next time you wonder, “How can I get a business loan online instantly?” just refer to the four steps above. Enter your personal and business details, check your eligibility, complete the video KYC and verification process, and finally, get the loan sanctioned. Now, use the borrowed funds to invest in your business, expand your operations, manage cash flow, or grab new opportunities in the market.
Apply today!
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