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Manage your Finance

What Is A Working Capital Loan? A Complete Guide For 2025

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Summary:  Steady cash flow is crucial for businesses, especially for MSMEs managing daily expenses like payroll and vendor payments. Working capital loans offer short-term financial support, helping businesses meet operational needs and tackle cash flow fluctuations. IndusInd Bank offers flexible working capital loans with high credit limits, competitive rates, and multiple collateral choices to support business growth.

Running a business requires more than innovation and strategic planning; it also demands timely access to adequate capital. While major investments often take the spotlight, it’s the daily expenses, such as payroll, vendor payments, and operational overheads that keep a business running. For small businesses, maintaining a steady cash flow can be challenging.

Working capital loans for MSMEs allow businesses to meet daily operational expenses and short-term financial obligations. They are a vital financial lifeline for uninterrupted operations even during periods of cash flow fluctuations.

This article discusses how a working capital loan can help your business stay ahead.

What is a Working Capital Loan?

A working capital loan is a short-term business loan designed to support a business’ daily operational expenses such as salaries, rent, inventory, and vendor payments. For businesses experiencing seasonal demand or cash flow issues, these loans provide necessary liquidity for the short-term. Working capital loans for MSMEs are designed to help businesses plug temporary financial gaps while keeping operations running in a smooth manner.

Types of Working Capital Loans

There are several types of working capital loans for MSMEs, here are some of the options lenders offer:

Cash Credit

A cash credit gives businesses the flexibility to withdraw funds up to a sanctioned limit to meet daily operational expenses. Interest is charged only on the amount utilised.

LC Bill Discounting

Here, businesses can get immediate funds through discounting bills backed by Letters of Credit. This facility improves cash flow by converting receivables into instant cash.

Term Loans

Here, a lump sum is borrowed for a fixed period and repaid in instalments.

Overdraft Facility

The bank allows you to withdraw funds beyond your account balance for immediate requirements. This can be helpful for businesses to meet unforeseen expenses and manage short-term cash flow issues.

 OD Against FD

A business can secure an overdraft facility against its fixed deposits. This makes way for liquidity without the need to break existing deposits.

Working Capital Demand Loan

Offers short-term funding to meet immediate working capital requirements. This loan is repayable on demand by the lender, unlike term loans with fixed tenures.

GST Working Capital Loan

This overdraft facility allows businesses to leverage their GST returns to get access to capital.

Key Features of Working Capital Loans

Shorter Tenure

Since working capital loans are devised to meet the immediate financial needs of businesses, they are available for a shorter tenure than traditional business loans.

Repayment Terms

Lending institutions offer flexible repayment schedules, often aligned with your business cash flow. Some lenders provide revolving credit facilities for repeated use.

Tax Benefits

According to Section 37 (1) of the Income Tax Act, the interest paid on a working capital loan can be deducted as a business expense.

Flexible Working Capital Loans at IndusInd Bank

IndusInd Bank recognises the necessity of working capital for the smooth functioning of a business. Choose IndusInd Bank and enjoy:

High Credit Limit: Get loans up to INR 30 crores

Lower Costs: Competitive and transparent pricing

Versatile Collateral Options: Use residential, commercial, or industrial properties for collateral Partner with IndusInd Bank to get timely access to funds and drive long-term success for your business.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

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Manage your Finance

How to Choose the Best Debit Card for Your Needs

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Summary: Choosing the right debit card is important to make the most of your everyday transactions. From understanding card security and fees to evaluating spending limits and reward programmes, there are several factors to consider before you apply for a debit card online. Opt for an IndusInd Bank debit card for a wide variety of benefits, ease of use, and a truly rewarding banking experience.

A debit card is one of the most widely used forms of plastic money today. Whether you are paying for dinner, shopping for groceries, booking movie tickets, or withdrawing cash, your debit card is your gateway to convenience.

Most banks offer a standard debit card with your savings account. But nowadays, consumers can choose from a variety of cards that are tailored to different lifestyles and spending patterns. While some cards may offer travel perks such as airport lounge access, others may offer unmatched rewards for frequent shoppers.

Choosing the right debit card means aligning it with your daily habits and lifestyle. Understanding the card’s features, charges, and benefits can help you save money and maximise value on every transaction.

Read on to understand how to select the best debit card that suits your needs and lifestyle.

Things to Consider Before Choosing a Debit Card

Not all debit cards are created equal. Choosing the right one is important to manage your finances efficiently. With an extensive variety of options available, it’s important to consider factors like fees, rewards, accessibility, and spending limits to find the best debit card for you.

Here are some key factors to consider while choosing a debit card:

1. Consider lifestyle benefits

Many debit cards today go beyond just facilitating payments and are designed to complement specific lifestyles. Different cards come packed with different features to suit your lifestyle. While some cards may offer perks on entertainment, others may offer privileges on travel and dining.

If you dine out frequently, pick cards that offer exclusive restaurant discounts or tie-ups with food delivery apps. Movie lovers can enjoy offers on cinema tickets, while travel enthusiasts may get airport lounge access or travel insurance. By choosing a debit card aligned with your lifestyle, you not only enjoy convenience but also unlock valuable savings and privileges.

2. Daily withdrawal or spending limits

Your debit card should keep up with your lifestyle, not hold it back. If you’re a big spender, look for cards with higher daily transaction and withdrawal limits. If your needs are modest, you can choose cards with lower limits.

3. Fees and additional charges

Always read the fine print when you apply for a debit card online. Debit card charges can range from annual maintenance charges, ATM withdrawal fees, international transaction levies, etc. Understand the annual fees, withdrawal limits, and other charges to ensure the card matches your budget and usage.

Choose More Than a Card, Choose an Elevated Banking Experience with IndusInd Bank

IndusInd Bank offers a wide range of debit cards designed to match your lifestyle and spending habits. Whether you’re a frequent traveller, a shopaholic, or someone who frequently dines out, there’s a card tailored for you. From co-branded cards with leading retail and lifestyle partners to cards packed with cashback, reward points, fuel surcharge waivers, and lounge access, IndusInd Bank brings you a gamut of value-packed cards.

IndusInd Bank’s debit cards also come with the following benefits:

  • Cash withdrawal at any ATM within the limit prescribed by the RBI
  • Advanced safety and security features for complete protection
  • Wide acceptance at merchant outlets across India
  • Convenient for online transactions including utility bill payments, government services, and e-commerce platforms
  • Added benefits such as personal accident cover, cashbacks, fuel surcharge waiver, and reward points.

Apply for a debit card online with IndusInd Bank and make every transaction rewarding and secure.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

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Manage your Finance

How Forex Cards Help Travellers Avoid High Transaction Fees

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Summary: Planning an international trip is exciting but managing foreign currency can be tricky. Forex cards offer a safer, more cost-effective alternative to cash or regular debit/credit cards. They allow you to lock in exchange rates, avoid high transaction fees, and make secure payments across countries. IndusInd Bank’s Multicurrency Forex Card supports 14 currencies, has global acceptance, and can be loaded and reloaded easily.

A common concern all travellers have when planning a trip is deciding what the best way to carry foreign currency is. While debit and credit cards can be used abroad, they often have high transaction and currency conversion fees associated with their usage. That is where forex cards come to the rescue.

What are Forex Cards?

Forex cards offer an easy, cash-free way to carry currency abroad. These nifty cards can be loaded with the foreign currency of your choice. Be it shopping, dining out, or withdrawing cash from ATMs overseas, a forex card lets you make transactions conveniently without the need to carry cash. Many cards also support multiple currencies, making them ideal for multi-country trips.

When you load money onto a forex card, the exchange rate is locked in at the time.  As a result, you can plan your travel budget without worrying about your expenses going up due to volatile exchange rates.

How Forex Cards Help Avoid Transaction Fees

A foreign transaction fee is a convenience charge levied by banks on purchases and withdrawals in a foreign country. These fees can significantly inflate your travel expenses. That’s where forex cards come in as a smarter, cost-effective alternative in the following ways:

1. Locked Exchange Rates: One of the biggest advantages of a forex card is the ability to lock in exchange rates at the time of loading. This shields you from any future currency fluctuations and ensures that your travel budget stays intact.

2. No Transaction Fees: Unlike regular debit or credit cards, which often carry high foreign transaction and currency conversion fees, forex cards have zero transaction charges provided the transactions are made in the currency preloaded on the card. This can translate into substantial savings, especially if you’re spending frequently during your trip.

What are the Benefits of Forex Cards?

Some of the advantages of forex cards include:

1. Cost-effective: Forex cards are cheaper and more viable for use in other countries; they also eliminate the effect of fluctuating exchange rates.

2. Globally Accepted: These cards are widely accepted worldwide and offer competitive exchange rates, which eliminates the need to worry about carrying cash abroad.

3. Convenient to Use: They are easy to use and can be managed through a smartphone. They can also be easily topped up via the associated card management app.

4. Safety and Security: Travelling with cash can be risky. Forex cardsallow you to carry foreign currency securely without the risk of theft or loss associated with physical cash. You can swiftly block the card and get a replacement in the event of theft or loss.

Upgrade Your International Travel with IndusInd Bank’s Multicurrency Forex Card

IndusInd Bank’s Indus Multicurrency Forex Card provides a secure, convenient, and cashless way to carry foreign currency while travelling abroad. Accepted across the globe, it shields you from foreign exchange rate fluctuations and supports 14 major currencies.

Apply for a forex card online at IndusInd Bank today.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

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Manage your Finance

Impact Of Economic Factors on Home Loan Affordability

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Summary: Home loan affordability is directly shaped by broader economic forces such as inflation, interest rates, and government policies. Before acquiring a home loan, evaluate your income stability, credit score, interest rate trends, and long-term repayment capacity. Choose IndusInd Bank for attractive home loans with flexible tenures.

For homebuyers, buying a home is a big milestone and a significant financial commitment. This is why most of them turn to home loans. Securing a home loan is the perfect way to turn their dream home into a reality. While meeting the lender’s eligibility criteria and maintaining a good credit score play a key role in getting approved for a loan, there’s more to it than just personal finances. Economic conditions also have a big impact on how affordable a home loan truly is.

Economic factors such as interest rates and inflation directly affect the affordability of home loans. This article explores how economic factors impact home loan affordability and the important things to understand before availing a loan.

The Relationship Between Home Loans and Economic Factors

Home loan affordability isn’t influenced just by your income or credit score; it is closely tied to the country’s economic climate. Lenders typically adjust their terms based on broader fiscal indicators. Here’s how key economic factors affect home loan terms:

Rate of inflation

Home loan interest rates are closely influenced by inflation. When inflation is high, the central bank often increases interest rates in order to control the rise in the cost of living. Higher rates make borrowing more expensive, including home loans.

On the other hand, when the economy performs well, the central bank may adopt a supportive policy stance by lowering key interest rates. This encourages banks to reduce their lending rates, making home loans more affordable for borrowers.

Government Policies

Government policies play a pivotal role in making home loans more accessible and affordable, especially for first-time buyers and those from lower-income groups. For instance, the Pradhan Mantri Awas Yojana (PMAY) scheme offers interest subsidies on home loans to different income groups. Additionally, the Indian government offers significant tax deductions under the Income Tax Act on both the principal and interest repayments.

Through a mix of subsidies, tax benefits, and lower transaction costs, government policies in India have significantly improved home loan affordability for a large section of the population. These benefits lower the effective cost of borrowing and provide long-term savings to homeowners.

Factors to Consider Before Applying for a Home Loan

It is essential to keep these points in mind before you take a home loan –

Repayment Capacity

It is necessary to ensure that your monthly income will cover your EMI obligations without affecting your other commitments.

Down Payment

Consider making a larger down payment, as it will decrease your overall home loan amount and interest burden.

Loan Duration

Pick a loan tenure that helps you balance your monthly EMIs and the total interest outgo. A longer tenure reduces EMI but increases overall interest paid, while a shorter one does the opposite.

Choose IndusInd Bank for Attractive Home Loans

With the right partner for your loan, your journey to home ownership can become a smooth ride. Apply for a home loan with IndusInd Bank and enjoy:

Attractive interest rates

IndusInd Bank provides competitive home loan interest rates to make homeownership affordable.

Fast processing

IndusInd Bank’s streamlined approval process promises minimal delays in your borrowing experience.

Long tenures

IndusInd Bank offers repayment options of up to 30 years, making it affordable for homebuyers to inch closer to their dream homes.

Easy home loan transfer

You can transfer your existing home loan to IndusInd Bank with minimal hassle. Visit the IndusInd Bank website to learn more and apply for a home loan.

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for making any financial decisions based on the contents and information.

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