A business loan can give your enterprise the push it needs to scale operations, improve infrastructure, or manage working capital efficiently. But before you apply, it’s essential to understand whether you meet the eligibility requirements.

Whether you’re a startup founder, a seasoned entrepreneur, or running a small-to-medium enterprise, IndusInd Bank offers customized business loan solutions to help you meet your financial goals. Here’s everything you need to know about eligibility, influencing factors, and why IndusInd Bank might be your best choice.

Fulfil your Business Needs with IndusInd Bank

Every business—big or small—needs funding at some stage. It could be for expansion, inventory purchases, hiring, upgrading technology, or just managing day-to-day expenses. IndusInd Bank understands the diverse needs of businesses and offers tailored loan options that are easy to access and quick to disburse.

With a transparent process, competitive interest rates, and flexible repayment tenures, IndusInd Bank ensures that your business never runs out of fuel. You don’t have to worry about long paperwork or hidden charges—just focus on what matters: growing your business.

With IndusInd Bank, you can fulfil your immediate business requirements such as:

• Short-term cash needs
• Finance for business expansion or for acquisition of a new business
• Working capital requirements
• New inventory
• Timely vendor payment
• Staff Salary
• Bridge financing

IndusInd Bank Business Loan Eligibility

In order to get a business loan from IndusInd Bank, you need to meet the eligibility criteria details listed below:

Factors That Affect Business Loan Eligibility

Several factors come into play when a bank assesses your business loan application. Understanding these can help you strengthen your application and increase your chances of approval.

1. Credit Score & Credit History
   Your credit score is a reflection of how well you manage debt. A healthy score indicates financial discipline, making you a low-risk borrower.
   
2. Business Vintage
   Lenders prefer businesses with a proven track record. The longer your business has been in operation, the more reliable it appears to lenders.
   
3. Annual Turnover & Profitability
   Your revenue figures and profit margins show your ability to repay the loan. High turnover and consistent profits build lender confidence.
   
4. Cash Flow Management
   Regular and healthy cash flows suggest that your business has the liquidity to meet monthly EMIs without stress.
   
5. Existing Debt Obligations
   If you’re already repaying multiple loans, it might affect your eligibility. Lenders check your debt-to-income ratio to ensure you’re not over-leveraged.
   
6. Collateral Availability (if applicable)
   For secured loans, assets like property, inventory, or machinery can help strengthen your loan application and possibly reduce interest rates.

Why Choose IndusInd Bank?

When it comes to business loans, choosing the right financial partner can make all the difference. Here’s why IndusInd Bank stands out.

• Quick & Hassle-Free Approvals – Fast-tracked application process with minimal documentation.
• Tailored Loan Solutions – Flexible loan amounts and tenure options to meet your unique business needs.
• Attractive Interest Rates – Competitive rates to help you borrow smart.
• No Hidden Charges – Transparent terms with complete clarity on fees and charges.
• End-to-End Digital Process – Apply online, upload documents, and track your application status seamlessly.

Whether you’re looking to scale operations or stabilize cash flow, IndusInd Bank offers the support and tools you need to take your business to the next level.

There are multiple ways to check your FASTag account balance with your vehicle number, including online, via mobile application, SMS, and customer care helpline.

The FASTag system, mandated by the National Highways Authority of India (NHAI), was designed to streamline toll tax payments for all vehicles. Upon purchasing a FASTag, car owners receive a small sticker that must be affixed to their vehicle’s windshield. FASTag enables car owners to easily navigate dedicated lanes and automatically pay tolls without stopping at toll booths. In addition to saving time by avoiding lengthy queues, FASTag enables the user to track and monitor all transactions related to toll tax.

Read on to find out the numerous ways in which you can check your FASTag balance using your vehicle number.

Ways to Check FASTag Balance Using Vehicle Number

There are many ways to check FASTag balance, including online, by SMS, over the phone with customer service, using a mobile app, and more. Each method consists of just a few simple steps.

Check FASTagBalance Through the Website

To check your FASTag balance online, simply follow these steps on the official FASTag website:

• Go to the website of your FASTag issuer for your vehicle
• Log in to your FASTag account and find the option to check your account balance
• Go through your FASTag account statement to check your transaction history and download a statement of all your previous transactions

Check Fastag Balance Through SMS

To check your FASTag balance through SMS, follow these steps:

• Open the message application on your phone
• Compose a new message and enter “BAL” as the message content
• Send the message to the FASTag issuer’s designated SMS number from your registered mobile number
• Wait for a response from the issuer that includes your current FASTag balance and other relevant details

Note: The SMS number and format may differ based on your FASTag issuer. You may check their website or contact their customer support team to obtain this information.

Check FASTagBalance Through Mobile Application

To access your FASTag balance information on your smartphone, follow these steps:

• Install the FASTag app on your smartphone
• Sign into the app and provide the requisite information
• Once finished, you can review your FASTag balance information

Check FASTagBalance Through Customer Care Helpline

Here are the steps to check your FASTag balance through the customer care helpline:

• Dial the customer care helpline number of your FASTag issuer. You can find the helpline number on the back of your FASTag or on their website
• Enter your FASTag and vehicle number when prompted by the IVR (Interactive Voice Response) system
• The IVR will then provide you information about your available balance, including the amount and the validity period of your FASTag

Why Should You Apply for a FASTag with IndusInd Bank?

Applying for a FASTag with IndusInd Bank has several advantages. The process is quick and easy, and you will receive SMS alerts for all toll transactions. The interface for managing your FASTag account is user-friendly and efficient, allowing you to recharge and view your transaction history with ease. Moreover, IndusInd Bank FASTag is accepted at all toll plazas across India, making it a convenient option for commuters. This tag has a validity of five years, and you can continue to use the same account even if you replace the tag.

Visit your nearby IndusInd Bank branch or call the customer care at 1860 267 7777 for more information on how to apply for a FASTag. Alternatively, you can buy FASTag online by applying on the official portal at https://FASTag.indusind.com.

So, wait no more! Apply for a FASTag with IndusInd Bank today to facilitate easier, more convenient toll payments!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own 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 taking any financial decisions based on the contents and information.    

A loan against property refers to mortgaging a property you own to obtain a loan for your business or personal needs. This is a secured loan that offers benefits such as low interest rate, higher loan amount, longer repayment tenure, tax deductions, and nil to negligible foreclosure charges.

Sound and early financial planning can help you weather many storms. All the same, it is impossible to foresee emergencies of an unprecedented nature that can strike at an unexpected moment, toppling your plans and forcing you to dip into your savings or take out a loan. No matter how undesirable you find the idea of taking out a loan, a loan is sometimes the only financial succour in the hour of end. Besides, a loan that suits your needs and repayment capacity could give you support and provide genuine benefits in the short and long term. Today, many financial experts recommend a loan against property for those looking to take out a higher loan amount. This type of loan allows you to unlock the value of your property, while continuing to occupy it during the loan period. Read on to get the complete lowdown on loan against property and its key benefits.

What is a Loan Against Property?

In simple terms, a loan against property (LAP) is a secured loan that lets you pledge your residential or commercial property in exchange for a loan. The loan amount is typically a certain percentage of the current market value of the property. If you fail to repay the loan, the bank may recover the money by auctioning your property.

Loan Against Property Benefits

1) Lower Rate of Interest

LAP rates of interest are significantly lower as compared to unsecured loans such as a personal loan on account of the low risk factor faced by the lender – any potential losses may be recovered by making a legal claim on your property.

2) Longer Repayment Tenure

An LAP allows you to repay the loan through convenient EMIs over an extended period of time, stretching up to 20 years.

3) Higher Loan Amount

An LAP is an ideal option if you need a large amount of funds. Depending on the property – residential or commercial, occupied or vacant, and so on – the lender could sanction up to 70-80% of the property’s current market value.

4) Tax Benefits

Subject to the use of your loan amount, you may avail of certain tax benefits on interest payments. Under Section 37(1) of the Income Tax Act, you can claim tax deductions on the interest payments and processing fees if you use your loan for business purposes That said, you cannot claim a deduction directly. To claim tax benefits under this section, you must fulfil the following criteria-

• Your expenditure must only be for business and professional purposes
• It must not be of a capital nature
• Your expenditure must not be covered under sections 30-36 of the IT Act
• You must have incurred the expense in the previous financial year

Likewise, If you are salaried, you can claim a tax deduction against LAP under section 24(B) of the IT Act. However, this is only valid if you use the loan amount to buy a new house. You can claim tax deductions up to Rs. 2 lakhs only on the interest amount.

5) Nil to Negligible Foreclosure charges

According to an RBI circular, you do not have to payforeclosure charges/pre-payment penalties on any floating rate term loan sanctioned, for purposes other than business, to individual borrowers with or without co-obligant(s).. As for LAPs with a fixed rate of interest, you may need to pay a foreclosure charge ranging between 2 percent to 4 percent of the principal outstanding loan amount.

Opt for IndusInd Bank Loan against Property

IndusInd Bank offers specially devised “loan against property” solutions to help you effectively unlock the hidden value of your property. You may use this multi-purpose loan to fulfil an array of personal or business needs. The key loan against property benefitsat IndusInd Bank are:

Ø  Access to a higher loan amount

Ø  Attractive interest rates

Ø  Long and flexible repayment tenure extendable up to 20 years

Ø  Loan amount can be used to fulfil any business or personal need – no questions asked

Ø  Simple eligibility criteria and fast, hassle-free process for raising immediate, long-term funds

Ø  Doorstep banking services

It must be noted that while your property serves as a collateral for your loan, you still retain its ownership and can continue using it like before. At IndusInd Bank, you may apply for a loan against property online and our representatives will subsequently get in touch to help you complete the process. You could also visit your nearest IndusInd Bank branch for more details.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own 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 taking any financial decisions based on the contents and information.