All posts by IndusInd Bank

Summary: An electric car loan can help you finance your new electric car comfortably without dipping into your savings. With IndusInd Bank, you can secure affordable car loans at attractive interest rates and get up to 100% of the vehicle’s value. Select from a flexible repayment tenure of up to 60 months and repay the loan in comfortable instalments. Apply for the loan through IndusInd Bank’s official website for a hassle-free, paperless process.

Modern electric vehicles are revolutionising the automobile industry. They’re not only environment-friendly and stylish but also feature advanced tech systems. They have a lower running cost than traditional ICE (internal combustion engine) vehicles, zero carbon emission, and require less maintenance.

However, purchasing an electric car requires a significant financial investment. Depending on the brand and model, the price of an electric car in India can be high.

Taking an electric car loan eliminates this issue. It helps you to bring home your dream electric car without waiting for years or depleting your savings. Plus, with IndusInd Bank’s affordable car loans, you can secure a high loan amount at attractive interest rates.

Benefits of IndusInd Bank’s Electric Car Loan

IndusInd Bank’s electric car loan is packed with remarkable features to make your EV ownership hassle-free and affordable. Key features include:

1. Attractive Interest Rates

IndusInd Bank offers electric car loans at competitive interest rates, so you can own your dream car without straining your finances.

2. Flexible Repayment Tenure

With IndusInd Bank, you can select a comfortable loan tenure of up to 60 months. Plan your EMIs conveniently with a tenure that suits your financial situation.

3. Quick Loan Processing & Minimal Documentation

IndusInd Bank offers a hassle-free loan process with minimal paperwork and quick approvals. Elevate your borrowing experience with doorstep assistance and complete the necessary documentation from your home.

4. High Loan Amount

With IndusInd Bank’s car loan, you can avail of up to 100% financing for your new electric car, reducing the need for a large upfront payment. Make your loan repayment manageable and stress-free with pocket-friendly EMI options.

Eligibility and Documentation for Electric Car Loans

IndusInd Bank’s electric car loans have simple eligibility criteria and require minimal documentation. Here’s a quick breakdown:

1. Salaried Individuals

Your age must be between 23 and 60 years.
You must have a minimum income of INR 2.5 lakhs per year.
You must have a minimum employment stability of 3 years with at least 1 year in the current employment.
You must have at least 2 years of residential stability with at least 1 year in the current residence (no stability required in case you own your house).

Documents required:

Latest ITR or Form 16
Last 3 months’ salary slips
Last 3 months’ bank statements

2. Self-Employed Individuals

Self-employed individuals must meet the following eligibility and documentation requirements:

Eligibility criteria:

Your age must be between 23 and 65 years.
You must have a minimum income of INR 3 lakhs per year.
You must have at least 3 years of business stability.
You must have at least 2 years of residential stability with at least 1 year in the current residence (no stability required in case you own your house).

Documents required:

Latest 2 years’ ITR with IT computations
Last 3 months’ bank statements
Business incorporation certificate/business proof

Visit the Indusind Bank website for further information on eligibility and documentation for Self-Employed with No Income Proof and Self-Employed Individuals – Commercial Use – FTU

Finance Your New EV with IndusInd Bank

Bring home your dream electric car with IndusInd Bank’s affordable car loans. Enjoy competitive interest rates, flexible repayment options, hassle-free documentation, and up to 100% financing. Take the first step towards a greener future today! Apply for a car loan online with IndusInd Bank and enjoy a seamless, paperless application process. Visit the official website to apply 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.

Share This:

Manage your Finance

What is CGTMSE Loan: A Comprehensive Guide

June 2, 2025 IndusInd Bank Leave a comment

Summary: The CGTMSE Loan Scheme enables MSMEs to access collateral-free credit of up to ₹10 crore through participating lenders. Launched by the Government of India in association with SIDBI, the scheme offers credit guarantees of 75% to 90%, encouraging financial institutions to lend to MSMEs. IndusInd Bank offers CGTMSE-backed loans with flexible tenures, multiple loan options, and a simple documentation process, empowering businesses to grow without security constraints.

Many entrepreneurs, particularly first-generation ones, face significant challenges in accessing formal credit due to a lack of sufficient collateral. Recognising the importance of financial support for small businesses, the Government of India introduced the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) in association with SIDBI, to make collateral-free credit available to micro, small, and medium enterprises (MSMEs).

This scheme has played a key role in improving financial inclusion for small businesses and empowering them to grow.

What is the CGTMSE Loan Scheme?

Launched in 2000, the CGTMSE loan scheme provides credit guarantees to financial institutions offering loans to MSMEs. This makes it possible for small businesses to access collateral-free credit without the need to pledge personal or business assets. By offering credit guarantees to lenders, the scheme reduces their risks, thus encouraging them to extend loans to eligible businesses engaged in manufacturing or service activities. The scheme guarantees 75% to 90% of the sanctioned loan amount in case of default, offering a safety net to lenders.

This eliminates one of the key barriers for small businesses, i.e. arranging for physical collateral or third-party guarantees, thus enabling them to get access to formal credit and scale their operations.

By facilitating easier access to finance, the CGTMSE loan scheme has supported business growth and employment generation in the country. More importantly, it has strengthened what is often called the backbone of the Indian economy, i.e. its thriving network of micro and small enterprises.

Maximum Guarantee Coverage Under CGTMSE

Category	Up to INR 5 lakhs	INR 5 lakhs – INR 50 lakhs	INR 50 lakhs – INR 10 crores
Micro Enterprises	85%	75%	75%
MSEs in North East, Jammu & Kashmir, Ladakh	80%	80%	80%
Women entrepreneurs / MSEs promoted by Agniveers	90%	90%	90%
SC/ST / PwD / Aspirational Districts / ZED MSEs	85%	85%	85%
Other Borrowers	75%	75%	75%

Note: MSEs in RBI-identified Credit Deficient Districts (ICDD) receive an additional 5% coverage above the standard rate from December 15, 2023.

Who is Eligible for CGTMSE Loans?

Eligible applicants include:

New and existing Micro and Small Enterprises engaged in manufacturing or service activities
All service sector activities as defined under the MSMED Act, 2006
Excludes agriculture, Self Help Groups (SHGs), and Joint Liability Groups (JLGs)

Special coverage categories include women entrepreneurs, SC/ST individuals, persons with disabilities, and businesses in aspirational districts.

Documents Required to Apply for CGTMSE Loans

Wondering how to apply for CGTMSE loan? Lenders typically ask for the following documents as part of the application process:

Duly filled CGTMSE loan application form with passport-sized photographs
Business incorporation or company registration certificate
CGTMSE loan coverage letter
Application form or customer request letter
MOA/AOA or partnership deed with Registrar of Firms proof (if collateral is in the partnership firm’s name)
KYC and PAN details of the borrower and relevant parties
GST registration certificate and latest GST returns

CGTMSE Backed Loans at IndusInd Bank

IndusInd Bank recognises the vital role that MSMEs play in driving economic development and employment in the country.

Key Features:

Collateral-free loans up to INR 5 crores
Loan Options Available: Term Loan, Working Capital Term/Demand Loan, Cash Credit (CC), and Overdraft (OD)
Loan Purpose: Working Capital and Capital Expenditure requirements
Loan Tenure:
Term Loan: Up to 7 years
Working Capital Term Loan: Up to 5 years
Cash Credit (CC) or Overdraft (OD) facility: 12 months (renewable)
Annual Guarantee Fee (AGF): Payable as per CGTMSE Guidelines.

Choose IndusInd Bank for attractive CGTMSE loan interest ratesand a hassle-free online application process.

Visit the website today.

Share This:

Manage your Finance

How to Leverage a Commercial Vehicle Loan for Business Growth in 2025

May 29, 2025 IndusInd Bank Leave a comment

Summary: Purchasing a commercial vehicle can be a hefty investment, but it helps you expand your fleet and upgrade your operations to support business growth. A commercial vehicle loan makes this investment more manageable. IndusInd Bank provides flexible commercial loan options with fast processing, competitive interest rates, and financing of up to 90% of the vehicle’s cost.

Staying flexible and efficient is crucial for any business to thrive. Whether you are in logistics, delivery, or construction, having the right vehicles is essential for seamless operations. However, purchasing commercial vehicles outright can be a huge financial burden for small and mid-sized businesses, so exploring financing options is essential. That is where a commercial vehicle loan comes in. By utilising this financing option, you can enhance your business’s efficiency and drive growth in 2025.

What is a Commercial Vehicle Loan?

A commercial vehicle loan is a financial solution tailored to help businesses purchase vehicles for commercial use. Depending on the nature of your business, these vehicles may include delivery trucks, vans, and buses.

How Can Commercial Vehicle Loans Drive Your Business Growth in 2025?

Improved Cash Flow Management	With affordable monthly instalments, commercial vehicle loans allow businesses to maintain healthy cash flow. This means they can allocate funds to other critical areas such as inventory, employee salaries, and marketing campaigns.
Simplify Fleet Expansion	Financing multiple vehicles at once becomes hassle-free, enabling businesses to scale operations and effectively keep up with rising customer demands.
Streamlined Operations	Adding more vehicles to a fleet improves logistics and enhances delivery capacity. This reduces downtime, ensures timely deliveries, and boosts customer satisfaction.
Enhance Flexibility	A diverse fleet allows businesses to adapt to changing client needs, manage sudden surges in demands, and explore new markets, helping them stay agile and competitive.
Access to Modern Technology	Newer vehicles offer better fuel efficiency and improved safety standards and require less maintenance, resulting in cost savings and stable operations for long-term growth.

If you are considering expanding your business by adding more commercial vehicles to your fleet, an IndusInd Bank commercial vehicle loan could be the solution. IndusInd Bank offers flexible loan options for small commercial vehicles, such as three-wheelers and four-wheelers, enabling businesses to grow and succeed.

Why Choose IndusInd Bank for Your Commercial Vehicle Loan?

Here’s what differentiates IndusInd Bank’s loan offerings:

Attractive commercial vehicle loan interest rates
Short turnaround time with faster loan processing
Flexible repayment tenure of up to 47 months
Loans available for both new and pre-owned vehicles
Financing of up to 90% of the vehicle’s cost
Extensive geographic reach across India
13^th EMI is free for prompt payment in select states (applicable only for three-wheeler loans)

Who can Apply?

To apply for a small commercial vehicle loan from IndusInd Bank, you must meet the following requirements:

Age: You should be between 21 and 60 years old.
Stability: You must have lived at your current address for at least three years.
Guarantee: A third-party guarantor is required to secure the loan.

What Documents Do You Need?

Here is a quick checklist of the documents needed to apply:

Proof of Identity: Aadhaar, PAN Card, and Commercial Driving License.
For Captive Customers: Provide proof of business along with a 6-month bank statement and ECS setup.
For ETR Customers: Submit a repayment history of at least 18 months.
For Property-Based Customers: A sale deed in the borrower’s name (the original document must be verified and certified) is required. Note that family property or partition deeds will not be accepted as valid property proof.

Apply for a commercial vehicle loan online with IndusInd Bank today and drive your business to new heights!

Share This:

Manage your Finance

How to Use Your Forex Card for Online Shopping in Foreign Currency

May 28, 2025 IndusInd Bank Leave a comment

Summary: IndusInd Bank’s multicurrency forex card offers a secure and convenient way to shop online and pay in foreign currencies without worrying about exchange rate fluctuations. Simply log into your preferred merchant’s website, choose credit card as the payment mode, and enter your forex card details to complete the transaction. Enjoy a seamless shopping experience with added perks like instant alerts and online & mobile access to track your balance and spendings.

Have you been eyeing a product for months for a family member or a friend living abroad, but don’t know how to deal with foreign exchange? When shopping online in foreign currencies a forex card is your best option, they offer competitive exchange rates and you can avoid the high foreign transaction fees charged by credit cards. IndusInd Bank’s multicurrency forex card makes online shopping in foreign exchange easier, allowing you to shop from your favourite international brands without hassle. With this nifty card, you can purchase from any online platform in a foreign country using their local currency – all from the comfort of your home, here in India. Whether you are buying a product from Europe, the US, or Asia, this prepaid card makes international transactions hassle-free.

Moreover, loading the forex card with your desired currency eliminates the risk of exchange rate fluctuations and helps you to avoid the high foreign transaction fee levied on credit card usage.

How to Use IndusInd Bank’s Multicurrency Forex Card for Online Shopping

Follow these steps to use your IndusInd Bank multicurrency forex card for online shopping:

Step 1: Log in to the International Merchant Website

Start by logging into the international merchant’s website where you wish to shop. Make sure the merchant accepts international payments.

Step 2: Select Credit Card as the Mode of Payment

Add your desired products to the cart and select the ‘Credit Card’ option as the payment method at checkout.

Step 3: Enter Your Card Details

Provide the required details, such as your forex card number, expiry date, and CVV (the three-digit security code on the back of the card).

Step 4: Enter Your Card PIN

If the merchants asks for two-factor authentication on your forex card, you will be prompted to enter your Card PIN for added security. Enter the PIN accurately to authorise the transaction.

Features and Benefits of IndusInd Bank’s Multicurrency Forex Card

IndusInd Bank offers one of the best forex cards in India with exclusive features and benefits to enhance your shopping experience. These include:

1. Convenience

IndusInd Bank’s forex card allows you to load up to 14 major currencies on a single card, including USD, Euro, and GB Pound. The exchange rate is fixed at the time of loading, protecting you from currency fluctuations. Receive instant alerts for all your international transactions to stay on top of your spending.

2. Purchase and Loading

Get your IndusInd Multicurrency forex card by visiting your nearest forex-enabled IndusInd Bank branch or online through the official IndusForex, IndusInd Bank’s online retail forex portal. Receive a ready-to-use card kit instantly and enjoy the flexibility to reload your card multiple times. For added convenience, you can use InstaReload on the website to quickly top up your card.

3. Account Tracking

Easily track your spending and check the balance of your forex card through the IndusForex website. Additionally, track & manage your cardinstantly via IndusFX Card mobile app using your registered mobile number/email to ensure security and prevent misuse. Track your spending and balance seamlessly with statement of card transactions.

4. Security and Safety

Enjoy secure online shopping with instant SMS & email alerts after every transaction. Additionally, you can access your IndusInd Bank forex card anytime through IndusForex by setting up a user ID and password. Download the IndusFX Card mobile app, if you need to manage your card frequently. Additionally, if your card is lost or stolen, you can immediately hotlist it by calling IndusInd Bank’s customer service.

International Online Shopping Made Easy with IndusInd Bank

IndusInd Bank’s multicurrency forex card offers a secure and convenient way to shop online from your favourite international brands without worrying about exchange rate fluctuations and high transaction costs. You can simply log into the website of your preferred merchant, select credit card as the payment method, and enter your forex card details to complete the transaction. Moreover, with features like alerts via SMS & email and easy access through the Indus Forex portal & IndusFX Card mobile application, you can track your spending and manage your card balance effortlessly. Visit IndusInd Bank’s official website to buy a forex card online today.

Share This:

Manage your Finance

How to Use a Visa Debit Card for Online Shopping

May 23, 2025 IndusInd Bank Leave a comment

Summary: You can safely shop online with your Visa debit card by choosing reputable merchants, securely entering your card details, and verifying your purchases.

Online shopping has fundamentally changed the way we shop, providing convenient access to a wide selection of products and services from the comfort of your home. With only a few clicks, you can get items delivered straight to your doorstep. A Visa debit card is a dependable and widely used payment option for quick, cashless transactions. Whether you are an experienced online shopper or this is your first time, there are important tips you should be aware of for safe and easy transactions.

Read on to learn how to use your Visa debit card for a secure and convenient online shopping experience.

Step 1: Choose a Trusted Merchant Use your Visa debit card to make online purchases only from secure and trusted merchants. Read reviews, look for SSL certification (a padlock icon next to the URL), and ensure the website is authentic before you make any purchases.

Step 2: Add Items to Your Cart Once you have found a reliable website, explore the products and add items to your virtual shopping cart. Review your items before proceeding with the purchase to make sure your order is correct.

Step 3: Continue to the Payment Page After you have chosen all the items you want to buy, it is time to proceed to the checkout. During the checkout process, you will be required to provide your billing information and shipping details to securely process your payment and ensure your products are delivered to the right address.

Step 4: Provide Your Visa Debit Card Information Click the “Pay with credit/debit card” option and select Visa to pay using a Visa debit card. When requested, enter your 16-digit card number, the expiration date, and the 3-digit CVV/CVC code on the back of your card.

Step 5: Verify and Complete the Purchase Once you have input your Visa debit card information, review your order summary and make any necessary verification (such as entering an OTP that you received via text or email) to validate the payment. After making your payment, you will receive a confirmation email from the retailer, which includes your order number, shipping information, and an estimated delivery date.

Apply at IndusInd Bank for a Visa Debit Card

At IndusInd Bank, we offer an impressive selection of Visa debit cards, each loaded with unique benefits and rewards. Here’s what you can choose from:

Visa Signature Exclusive Debit Card
Visa Signature Select Debit Card
Visa Signature Supreme Debit Card
Visa Signature Delite Debit Card
Visa Signature Debit Card
Visa Platinum Debit Card
Visa Classic Debit Card
Visa Signature Partner Debit Card

Here are some appealing features and benefits of IndusInd Bank Visa debit cards:

Complimentary lounge access at international and domestic airport lounges
Get up to 6X reward points for every INR 200 spent
Lost card liability coverage of INR 3 lakhs
Air accident insurance coverage of INR 30 lakhs
Personal accident insurance of INR 2 lakhs
Purchase protection of INR 50,000
Convenient Tap and Pay facility

Enable you to link your card with Google Pay for easy transactions

Allow you to register your card with Samsung Wallet for cardless and contactless payments

Check out our range of cards to obtain a Visa ATM card online.

Apply for a debit card online today to enjoy seamless transactions, enhanced security, and a range of extra benefits!

Share This:

Products

Accounts

Deposit

Loans

Cards

Insurance

Investments

Payments Products

Foreign Exchange

Financial Inclusion

Make Payments

Digital Banking

Apply Online

Vehicle Auction

Reach Us

Rates

Quick Links

NetBanking

Credit Cards

Forex Cards

Benefits of IndusInd Bank’s Electric Car Loan

1. Attractive Interest Rates

2. Flexible Repayment Tenure

3. Quick Loan Processing & Minimal Documentation

4. High Loan Amount

Eligibility and Documentation for Electric Car Loans

1. Salaried Individuals

2. Self-Employed Individuals

Finance Your New EV with IndusInd Bank

What is the CGTMSE Loan Scheme?

Maximum Guarantee Coverage Under CGTMSE

Who is Eligible for CGTMSE Loans?

What is a Commercial Vehicle Loan?

How Can Commercial Vehicle Loans Drive Your Business Growth in 2025?

Why Choose IndusInd Bank for Your Commercial Vehicle Loan?

What Documents Do You Need?

How to Use IndusInd Bank’s Multicurrency Forex Card for Online Shopping

Step 1: Log in to the International Merchant Website

Step 2: Select Credit Card as the Mode of Payment

Step 3: Enter Your Card Details

Step 4: Enter Your Card PIN

Features and Benefits of IndusInd Bank’s Multicurrency Forex Card

1. Convenience

2. Purchase and Loading

3. Account Tracking

4. Security and Safety

International Online Shopping Made Easy with IndusInd Bank

Apply at IndusInd Bank for a Visa Debit Card