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CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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IndusInd Bank Personal Loan gets you flexible tenure, easy repayment options and competitive interest rates. No collateral or security required. Can be availed for travel expenses and medical emergencies. Get your loan now on CreditMantri!
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Processing Fee
0.5%*
Max Tenure
5 yrs
Best Rate
12.99%*
| Interest Rate | 11.00% onwards |
| Processing Fees | 2.5% onwards |
| Loan Amount | Rs. 30,000 to Rs. 50,000 |
| Loan Tenure | 1 to 5 years |
| Preclosure charges | Pre-closure is allowed after 1 year. 4% of outstanding principal plus applicable tax |
| Guarantor Requirement | No guarantor required |
| Lender | Interest Rates | Processing Fees |
|---|---|---|
| IndusInd Bank | 11.00% | 2.5% onwards |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| ICICI | 10.75% onwards | Up to 2.50% |
| SBI | 10.30%-15.10% | Up to 1.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25% onwards | 1.5% to 2% |
| HDFC | 11.00% onwards | Up to 2.50% |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
| Interest Rate | 11.00% onwards |
| Processing Fees | Up to 3% 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 |
After knowing all the important details about IndusInd Bank personal loans on the CreditMantri website, you can apply for the loan.
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.
You can reach out to the IndusInd Bank customer care to apply for the loan. You can also go to the bank’s nearest branch and get the application form, fill it up completely, and submit the application.
IndusInd Bank provides personal loans with flexible durations and attractive interest rates. You can get the loan amounts desired according to your eligibility.
1.What are the minimum and maximum loan amounts available from IndusInd?
You can avail of IndusInd Personal Loans ranging from Rs. 50,000 to Rs. 15,00,000 depending on your eligibility criteria like credit score, borrowing history, net monthly income, nature of job and repayment capacity.
2.What are the loan tenure options available to me?
You can repay your IndusInd Personal Loan conveniently over a period ranging from 12 to 60 months.
3. How long will it take for my Personal Loan amount to be disbursed?
Your loan amount will be disbursed in your account within 4-7 working days post receipt of the required documents. All loan approvals are at the discretion of the bank.
4. What are the options available to repay my Personal Loan?
You can pay the loan in equated monthly installments (EMIs) paid through ECS or Electronic Clearing System. If you have an IndusInd Bank account, you can also pay through auto debit of your monthly EMI.
5. Are there any additional charges for disbursal of a Personal Loan?
Yes, a processing fee up to 2.5% of the loan amount will be charged. Necessary documentation charges also apply. The same is deducted from the loan amount at the time of disbursal.
6. I don’t have an existing account with IndusInd. Do I need to open an IndusInd Bank account for availing the loan?
It is not mandatory to have an existing account with the bank you are applying for a loan from, but having a relationship with the bank will no doubt make your banking process easier. You will also be able to take advantage of a host of other value added services and offers with the loan.
7. Is part-prepayment of a Personal Loan allowed?
No, part prepayment of a personal loan is not allowed. You either have to pre pay it in full or pay it in EMIs for the stipulated tenure.
8. 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.
9. 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.
10. What is the minimum balance needed for IndusInd Bank?
10,000 must be kept or a fixed deposit of Rs. 2,50,000 must be held with the bank.
CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application