Loan Details

Interest Rate

8.65% Onwards

Processing Fee

Nil or up to 0.60% processing charge





Up to 60 months

  • Eligibility Factors
  • Documents Required
  • Loan Verification Process
  • Rate of Interest
Indian Bank Business Loan

a. Age: Up to 50 Years

b. Credit Score: 650 and above

c. Employment Type: Salaried and Self-Employed

d. Minimum Net Income(Monthly): Rs. 25,000

e. Work Experience: For Salaried Individuals: 3 years of Job Stability

For Business Entities and Self-Employed: 3 years of Business Stability

Following documents are required to be submitted by both self-employed and salaried

  • Filled up application form
  • Latest Photographs
  • Proof of Identity
  • Proof of Residence
  • Proof of Business Establishment
  • Last 3 Years Balance Sheet
  • ITR of last year

Identity Proof (for all borrowers)

  • Voter ID
  • PAN Card
  • Valid Passport
  • Aadhar Card
  • Driving License

Proof of Residential Address (for all borrowers)

  • Utility Bill
  • Receipt of Property Tax
  • Valid Passport
  • Voter ID

Birth Date Proof (for all borrowers)

  • Driving License
  • Valid Passport
  • Voter ID
  • Aadhar Card


Following are the steps for processing a business loan:

1. Fill up and sign the application form, submit it through an online portal or offline. Submit all the required documents alongside the application. Signing up on can make the process quick.

2. A customer care representative will get back to you within 24 hours, and they will schedule a visit if you have chosen to submit the documents offline.

3. The bank officials will evaluate and verify the documents and all the details. They can also plan a visit for verification.

4. When the bank approves your application, you will receive the loan amount in your account. The bank will send you a copy of a duly signed loan agreement containing loan amount, tenure, interest rates, charges, and penalties.