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IndusInd Bank Personal Loan

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IndusInd Bank offers personal loans of up to Rs 50 lakh for loan tenures of up to 7 years @ 10.49% p.a. onwards. It also offers instant online personal loan processing with quick loan approval within minutes. Read on to know more about IndusInd Bank Personal Loan.

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Updated: 05-05-2025 13:52:22 PM

Induslnd Bank Personal Loan Interest Rates

IndusInd Bank personal loan interest rate starts from 10.49% p.a.. While the IndusInd Bank has not disclosed the differential interest rates for its personal loan applicants based on credit-score or other parameters, lenders usually consider monthly income, job profile, employer’s profile, credit score, etc. of their loan applicants for fixing their personal loan interest rates.

IndusInd Bank Personal Loan Features

For Regular Personal Loans

  • The interest rate for a regular personal loan starts from 10.49% p.a.
  • Applicants can avail personal loan of up to Rs 50 lakh.
  • Both salaried and self-employed applicants can apply for a personal loan.
  • The tenure ranges from 1 year to 7 years.
  • The bank takes 2 to 4 days to approve a personal loan application and disburse after the completion of the verification process.

For Instant Personal Loans

  • The interest rate for an instant personal loan starts from 10.49% p.a.
  • The loan amount ranges from Rs 30,000 to Rs 5 lakh.
  • Applicants have a loan repayment option from 1 year to 4 years.
  • 100% digital application with minimal documentation (PAN and Aadhaar Card only)
  • The bank claims to approve loan applications within minutes and disburse loans immediately upon approval.

Why Choose Paisabazaar for IndusInd Bank Personal Loan

  • Trusted Platform – Used by millions to compare and apply for personal loans.
  • Loan Comparison Tools – Easily compare IndusInd Bank with other lenders to find the best-suited offer.
  • Digital Process – Digital application process with instant sanction and disbursal.
  • Free CIBIL Score Check – Check your credit score for free to know your loan eligibility.
  • Pre-Approved Offers – Get access to pre-approved loan offers from top lenders, including Axis Bank, Tata Capital, etc.
  • End-to-End Support – From application to disbursal, get assistance at every step.

How to Apply for IndusInd Bank Personal Loan on Paisabazaar

IndusInd Bank has partnered with Paisabazaar for personal loans. You can avail loans of up to Rs 5 lakh from IndusInd Bank through Paisabazaar’s official website or app. Below are 5 simple steps you can apply and also compare offers from other top lenders such as ICICI and Axis Bank:-

Step 1: Enter your mobile number – Quick start

Step 2: Fill in your details – Easy and fast.

Step 3: Verify with OTP – Secure and simple.

Step 4: Select loan amount & purpose – Choose what suits you.

Step 5: Compare & apply – Pick your best personal offer and apply!

Comparison of Personal Loan Interest Rates Offered by Top Lenders

Banks/NBFCs Interest Rates(p.a.)
Axis Bank11.25% onwards
IndusInd Bank10.49% onwards
IDFC First Bank10.99% onwards
HDFC Bank10.85% onwards
ICICI Bank10.85% onwards
Kotak Mahindra Bank10.99% onwards
Tata Capital11.99% onwards
Federal Bank11.49% onwards
DMI FinanceUp to 24%
L&T Finance11.00% onwards
Kreditbee16.00% - 29.95%
MoneyTap13.00% onwards
Piramal Finance12.90% onwards
Aditya Birla10.99% onwards
Moneyview14%-36%
Cashe33.50% onwards

Fees & Charges

Processing fees Up to 3.5% of the sanctioned loan amount

Up to 2% for the applicants who apply for personal loans through Indus Easy Credit Channel, valid till 31 March 2025*
Prepayment fees 4.00% of the principal remaining after 12 estimated monthly instalments
Loan cancellation charges Rs 1,000 per event
Payment dishonour charges Rs 450 per instance
Loan rescheduling charges Rs 1,000 per event
Penal charges Rs 150 per EMI delay beyond 5 days
ECS/Cheques/SI swapping charges Rs 500 per event
Stamp duty As per the laws
Legal charges As per actuals
Duplicate no dues certificate Rs 250 per event

*The offer is not applicable for preapproved personal loans.

Know more about the processing fee for personal loans

Types of Induslnd Bank Personal Loans

Personal Loan Schemes Purpose
Personal Loan for Wedding To meet various wedding-related expenses
Personal Loan for Medical Expenses To manage various medical expenses such as medical bills, surgeries, hospitalisation, etc.
Personal Loan for Travel To raise funds for travel related expenses, such as airfare, accommodation, sightseeing and activities, train tickets, car rentals, etc.
Personal Loan for Home Renovation For renovating, improving and extending their existing home properties

IndusInd Bank Personal Loan Eligibility Criteria

For Salaried Employees

  • The minimum age of the applicant should be 21 years at the time of loan application.
  • The maximum age of the borrower at the time of loan maturity should be 60 years or the retirement age, whichever is earlier
  • The minimum net monthly income requirement for availing IndusInd Bank Personal Loan is Rs 25,000
  • Applicant should have been employed for at least 2 years with an experience of at least 1 year in the current organization
  • Individuals applying for IndusInd Bank Personal Loan should have stayed at their current residence (if rented) for at least 1 year

Know more about Personal Loans for Salaried Employees by top lenders

For Self-employed Professionals

  • Applicant should be at least 25 years old at the time of loan application and 65 years old at the time of loan maturity
  • The minimum net annual income of personal loan applicants after-tax deduction should be Rs 4.8 lakhs
  • Individuals having an experience of 4 years post qualification are eligible for IndusInd Bank Personal Loan.

For Self-employed Individuals

  • The minimum age of the applicant applying for IndusInd Bank Personal Loan should be 25 years. However, the applicant should be 65 years old at the time of loan maturity.
  • The net annual income of the applicant after tax deduction should be at least Rs 4.8 lakhs
  • Individuals availing personal loans from IndusInd Bank should have at least 5 years of post-qualification experience

Also know about Personal Loans for Self-employed

In addition to the above-mentioned IndusInd Bank Personal Loan eligibility criteria, IndusInd Bank may also factor in the credit score of its personal loan applicants while evaluating their personal loan eligibility, just like many personal loan lenders do.

Documents Required

For Salaried Individuals

  • Duly filled application form with passport-sized photographs
  • Self-attested photocopy of anyone of the ID proof- Passport, Aadhaar, PAN, driving license and voter ID
  • A valid residence/ID/signature proof for KYC
  • Last 3 months salary slips/ITR for last 3 years/Form 16
  • Bank statement for the last 3 months showing the salary credits
  • Any other document required by the bank

For Self-employed Professionals

  • Duly filled application form with a photograph attached
  • ID Proof- Passport, voter ID, driving license, PAN and Aadhar card
  • KYC- Residence proof, signature proof and valid identity proof
  • Form 16/ ITR for the last 3 years
  • Salary slip for the past 3 months
  • Bank statement of Primary Savings Account for last 3 months and Practice Current Account for last 6 months

For Self-employed Individuals

  • Filled application form with a photograph attached
  • KYC- Valid ID Proof (driving license, passport, voter ID, PAN and Aadhar card), residence proof and signature proof
  • ITR for the last 3 years
  • Last 3 months salary slip
  • Form 16
  • Bank statement of Business Current Account for last 6 months and Primary Savings Account for last 3 months

Know more about IndusInd Bank Personal Loan Documents required

IndusInd Bank Personal Loan EMI Calculator

EMI Calculator
₹
%
Year(s)
EMI Calculator

Monthly EMI ₹ 15,622

Total Amount Payble ₹ 5,62,395(Principal + interest)

Principal Amount ₹ 5,00,000

Total Interest Payble ₹ 62,395

IndusInd Bank Personal Loan Balance Transfer – Save on Interest Cost

Personal loan borrowers of other banks and NBFCs can avail balance transfer facility, wherein they can transfer their existing personal loan to IndusInd Bank at lower interest rates and/or for better personal loan terms.

Before transferring your personal loan, note that —

  • Loan transfer fees and pre-closure/foreclosure charges are applicable from the existing lender
  • Loan processing fee, stamp duty, etc, may be levied by the new lender as part of a fresh loan application
  • Consider if the interest savings from the balance transfer are greater than the associated charges applied by the lender.

IndusInd Personal Loan vs Other Personal Loan Lenders

Banks IndusInd SBI HDFC Kotak ICICI
Rates 10.49% p.a. onwards 10.30%-15.30% p.a. 10.90%-24.00% p.a. 10.99% p.a. onwards 10.85%-16.65% p.a.
Processing Fee Up to 3% of the loan amount Up to 1.5% of the loan amount (Min. Rs 1,000; Max. Rs 15,000) Up to Rs 6,500 Up to 5% of the loan amount Up to 2% of the loan amount
Max. Loan Amount Up to Rs 50 lakh (Up to Rs 5 lakh through Paisabazaar) Up to Rs 35 lakh Up to Rs 40 lakh Up to Rs 35 lakh Up to Rs 50 lakh
Min. Monthly Salary Required Rs 25,000 Rs 15,000 Rs 25,000 Rs 25,000 for Kotak Bank Salary account holders, Rs 30,000 for Non-Kotak Bank Salary account holders Rs 30,000

IndusInd Bank Personal Loan Customer Care

Personal loan borrowers can contact the customer care via:-

  • Toll Free Number: 18002660447
  • Within India Helpline Number: 18602677777
  • Outside India Helpline Number: 022-68577777 / 022-42207777 / 022-44066666
  • Email: reachus@indusind.com
  • Video Branch Facility by visiting the ‘Contact Us’ section of the IndusInd Bank’s website.

 

FAQs on IndusInd Bank Personal Loan

What is the interest rate for the IndusInd Bank Personal Loan?

The interest rate of IndusInd Bank’s personal loan starts from 10.49% p.a., depending on the applicant’s profile and the lender’s terms.

What is the minimum and maximum loan amount offered by IndusInd Bank?

You can apply personal loan with a loan amount ranging from Rs 30,000 to Rs 50 lakh, based on your eligibility.

What is the maximum tenure for an IndusInd Bank personal loan?

The maximum repayment tenure is up to 7 years (84 months).

Who is eligible to apply for a personal loan from IndusInd Bank?

Both salaried individuals aged 21 to 60 years and self-employed applicants aged 25 to 65 years with a stable income are eligible for a personal loan.

What documents are required to apply for an IndusInd Bank personal loan?

Basic KYC documents, income proof (salary slips, bank statements), and address proof are required for a regular personal loan application. For instant personal loans, only the Aadhaar Card and PAN Card are required.

How can I check my eligibility for an IndusInd Bank personal loan?

You can check your eligibility online through the IndusInd Bank website or visiting a bank branch or through Paisabazaar.

How do I apply for an IndusInd Bank personal loan online?

Visit the IndusInd Bank website or Paisabazaar, fill in your details, and submit the required documents digitally for instant personal loans.

How long does it take for IndusInd Bank to disburse a personal loan?

For regular personal loans, IndusInd Bank claims to disburse loans after completion of the verification process and takes 2-4 days for approval. For an instant personal loan, the bank immediately disburses upon approval.

Is there any processing fee on IndusInd Bank personal loans?

IndusInd Bank charges a processing fee of up to 3.5% of the loan amount.

Can I prepay or foreclose my IndusInd Bank personal loan?

You can prepay or foreclose IndusInd Bank after repayment of 12 EMIs. The bank levies 4% of the principal outstanding as prepayment charges.

How can I calculate my EMI for an IndusInd personal loan?

You can use the Paisabazaar Personal Loan EMI calculator by entering the loan amount, interest rate, and tenure to calculate EMI.

Will applying for a personal loan affect my CIBIL score?

Yes, applying for a loan triggers a hard inquiry, which may temporarily lower your CIBIL score if you apply frequently.

What happens if I miss an EMI payment?

If you miss an EMI payment, IndusInd Bank levies penal charges of 2% + GST on the total overdue (including both principal and interest) or 100 + GST, whichever is higher and payment dishonour charges of Rs 450 per instance plus GST. This can lower your credit score and may affect future loan or credit card approvals. Always try to inform the bank in advance if you expect a delay in your EMIs.

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