® 
IndusInd Bank Personal Loan
Max Tenure
5 yrs
Best Rate
12.99%*
Processing Fee
0.5%*
Currently not available! for similar products
Highlights of IndusInd Personal Loans
| Interest Rate | 10.49% p.a. onwards |
| Processing Fees | 3.5% onwards |
| Loan Amount | Rs. 30,000 to Rs. 50,000 |
| Loan Tenure | 1 to 6 years |
| Preclosure charges | Pre-closure is allowed after 1 year. 4% of outstanding principal plus applicable tax |
| Guarantor Requirement | No guarantor required |
Comparison of IndusInd Bank Personal Loan Interest Rate with other lenders
| Banks/ NBFCs | Interest Rates | Processing Fees |
|---|---|---|
| IndusInd Bank | 10.49% p.a. | 3.5% onwards |
| Yes Bank | 11.25% - 21% p.a. | Upto 2.5% |
| ICICI | 10.85% - 16.25% p.a. | Upto 2% loan amount + taxes |
| SBI | 11.45% - 14.60% p.a. | Upto 1.50% Loan Amount + GST |
| Kotak Mahindra Bank | 10.99% p.a. onwards | Upto 5% |
| Shriram Finance | 11% - 36% p.a. | Upto 4% |
| Axis Bank | 10.49% - 22.50% p.a. | Upto 2% Loan Amount + GST |
| HDFC | 10.85% - 24% p.a. | Upto ₹ 6,500/- + GST |
| IDFC FIRST Bank | start at 10.99% p.a. | Upto 3.5% |
| L&T Finance | 11.00% p.a. onwards | Upto 3% |
| Tata Capital | 11.99% - 35% p.a. | Upto 5.5% |
| Moneyview | 14% p.a. onwards | Upto 2% |
| Punjab National Bank | 10.95% p.a. to 17.95% p.a. | Up to 1% |
| Indian Overseas Bank | 10.85% p.a. onwards | Up to 0.50% |
| KreditBee | 17% to 29.95% p.a. | Upto 6.5% |
Features and Benefits of the IndusInd Bank Personal Loan
- Convenient repayment options.
- Online Application: Apply anytime, anywhere with ease.
- Instant Approval: Fast processing and quick disbursal.
- Affordable interest rates
- No collateral or security required.
- You could opt for IndusInd Bank a/c debit or ECS from your account in another bank.
- Doorstep service for loan-related processes
Eligibility Criteria for IndusInd Bank Personal Loan
Check your eligibility with IndusInd Bank before applying for a personal loan based on your employment type.
Eligibility Criteria for salaried employees
- Maximum Age at Maturity: 60 years or retirement age, whichever comes first.
- Income Requirement: Minimum monthly income of ₹25,000.
- Employment History: At least 2 years of work experience and 1 year with the current employer.
- Residence Stability: At least 1 year of stay at the current residence (if rented).
Documents Required for Salaried Employees
- Application Form: With photograph.
- Identity Proof: Self-attested copy of any valid ID (e.g., Aadhaar, PAN, Passport, etc.).
- KYC Documents: Identity, residence, and signature proof.
- Income Proof: Form 16/ITR for the last 3 years and recent salary slips (last 3 months).
- Bank Statements: Latest 3 months’ salary credit statements.
Eligibility Criteria for self-employed individuals
- Minimum age of the applicant: 25 years
- Age at the time of maturity of loan: 65 years
- Net annual income: Rs. 4.80 Lakhs after tax deduction.
- Post qualification experience: at least 5 years.
Documents Required for Self-Employed Professionals
- Application Form: Submit a duly filled application form with your recent photograph attached.
- Identity Proof: Provide a self-attested copy of one of the following valid documents:
- Driving License
- Passport
- Voter ID
- Aadhaar Card
- PAN Card
- KYC Documents: Valid documents proving your identity, residence, and signature are required.
- Income Documentation:
- ITR or Form 16 for the past 3 years
- Latest 3 months' income or salary slips (if applicable)
- Bank Statements:
- Current account statements for the last 6 months related to your practice/business
- Primary savings bank account statement for the last 3 months
Make sure to provide all necessary documents to streamline your loan application process.
Eligibility criteria for self-employed professionals
- Minimum age of the applicant: 25 years
- Maximum age for loan maturity: 65 years
- Minimum net annual income after tax deduction: 4.80 Lakhs
- Post qualification experience: 4 years
IndusInd Bank Personal Loan Documents for Self-Employed Individuals
When applying for a personal loan as a self-employed individual, you will need to submit the following documents:
Application Form:
- Complete application form with a recent passport-sized photograph.
Proof of Identity:
- Self-attested photocopy of any one of the following documents:
- Driving License
- Passport
- Voter ID
- Aadhaar Card
- PAN Card
KYC (Know Your Customer):
- Valid identity, residence, and signature proof documents.
Income Proof:
- Form 16 or Income Tax Returns (ITR) for the last 3 years.
- Latest 3 months' salary slips (if applicable).
Banking Documents:
- Latest 6 months' business current account statement.
- Latest 3 months' primary savings bank statement.
IndusInd Bank Personal Loans Interest Rates and Fees
| Interest Rate | 10.49% onwards |
| Processing Fees | Up to 3.5% of the sanctioned loan amount |
| Prepayment Fees | 4.00% of the principal remaining after 12 estimated monthly installments. |
| Loan cancellation charges | Rs. 1000 per event |
| Payment dishonor charges | Rs. 450 per instance |
| Charges for duplicate statement | Rs. 250 per instance |
| Loan rescheduling charges | Rs. 1000 per event |
| Duplicate No Dues Certificate | Rs. 250 per event |
| Document photocopy charges | Rs. 250 per event |
How To Apply for an IndusInd Bank Personal Loan?
After knowing all the important details about IndusInd Bank personal loans on the CreditMantri website, you can apply for the loan.
Online Apply Via the IndusInd Bank’s Website
1) Access the application form by clicking personal loan under the Apply Online Tab
2) Input the details asked for.
3) IndusInd Bank will fetch the best offers for you.
4) Complete the video KYC and the auto repayment set-up.
5) Sign the contract digitally for instant disbursement of the loan money.
How to Apply for an IndusInd Bank Personal Loan Offline
1. Find the nearest IndusInd Bank branch.
2. Request the personal loan application form from the bank staff
3. Complete the application form by providing your personal, financial, and employment information.
4. Submit the following documents:
- Identity proof (Aadhaar, PAN, Passport)
- Address proof (Utility bills, Rent agreement)
- Income proof (Salary slips, ITR, Form 16)
- Bank statements (Last 3-6 months)
5. Hand over the completed form and documents to the bank.
6. The bank will assess your application and verify the details you’ve provided.
7. If approved, the bank will send you the loan offer with terms and conditions.
8. Review and sign the loan agreement after understanding the terms.
9. After signing the agreement, the loan amount will be transferred to your account.
Types Of IndusInd Bank Personal Loans
- Personal Loan for Education:Takes care of all the expenses related to education either in India or abroad.
- Loan For Wedding: A wedding loan is provided to meet all the expenses related to marriage like catering, wedding hall, photography, honeymoon, etc.
- Medical Loan: Medical loan is a special personal loan scheme provided to meet unexpected medical exigencies.
- Home renovation Loan: To arrange finance for home renovation and make it look beautiful.
- Personal Loan Balance Transfer: To reduce the burden of EMI, individual applicants of other banks and NBFCs can avail personal loan balance transfer where they can transfer their existing personal loans to IndusInd Bank at lower interest rates.
IndusInd Bank Personal Loan EMI Calculator
IndusInd Bank personal loan EMI calculator can be used to compute the EMIs and make a decision on whether you can take the personal loan or not. You can also use it for other things such as comparing the loan EMIS of IndusInd banks with other leading banks, calculating the split of total EMIs into interest and principal repayments, and the amortization schedule.Quick Links To Handle Your Personal Loan
Indusind Bank Customer Care Number Personal Loan
IndusInd Bank has 24/7 customer care services to clarify their queries or report their complaints. You can reach IndusInd bank personal loan customer care through
- Toll-free number for customers: 1860 267 7777 (within India)
- Helpline number for premium banking customers: 1860 267 7777
- Via Email: reachus@indusind.com
Frequently Asked Questions
1. What is the maximum and minimum loan amount an individual is eligible for in IndusInd Bank?
IndusInd offers personal loans for amounts between Rs. 50,000 to Rs. 15 lakhs.
2. What is the interest rate of IndusInd personal loan?
The interest rate for an IndusInd Bank personal loan starts from 10.49% per annum.* The exact rate offered may vary based on factors such as the applicant's credit profile, income, loan amount, and repayment tenure. IndusInd Bank evaluates each application individually to determine the most suitable interest rate.
3. What is the salary required for personal loan in IndusInd Bank?
To qualify for a personal loan with IndusInd Bank, applicants must have a minimum net monthly income of ₹25,000. This income requirement helps the bank ensure that borrowers have a stable financial standing to manage loan repayments effectively.
4. What is the duration taken to get a personal loan from IndusInd Bank?
IndusInd Bank personal loan gets approved and disbursed within a few hours of submitting the loan application and doing detailed verification. If the details are incorrect, it might take 1 to 2 days more. IndusInd Bank also gives pre-approved instant personal loans to select customers with quicker loan processing and disbursal.
Indusind Bank Personal Loan - Customer Reviews
SRIDHARAN
EXCELLENT SERVICE
HARISHCHAND
Excellent & Fast Approval
Esakkiappan
Good service
Subodh
So simple and easy
Narayan Murthy Ivaturi
"Best place for comparing loan offers I came across CreditMantri during my search for a personal loan. This website provided me all the info I wanted. It is easy to search for loan offer on their CreditMantri than in any other. I would say that the level of service offered by CreditMantri is the best. Got a very good interest rate on a personal loan from IndusInd. For me, they took around two weeks to process and to put the money in my bank account. I had some issues with my documents, but CreditMantri helped me to clear it no time. Keep up the good work!"
