Apply for Instant personal loans through IndusInd Bank. You will get the loan within 72 hours. This is a fast process with a 10.49% interest rate p.a. Indusind Bank offers up to 25 lakh loans which is a 100% digital process.
Apply for an IndusInd Bank instant personal loan to get fast approval.
IndusInd Bank Personal Loan
| Loan Amount | Up To 25 Lakh |
| Interest Rate | 10.49% p.a. |
| Tenure | 1 -5 years |
| Age Required | 21 -60 years |
| Income | Rs.25,000 per month |
| Processing Fees | Up to 3% of the loan amount |
| Applicable For | Salaried Person / Self Employed |
Benefits of IndusInd Bank Personal Loan
Lower Interest Rate: IndusInd Bank’s personal loan interest rate starts at a 10.49% interest rate per annum.
Higher Loan Amount: You can get up to 25 lakh loans. IndusInd Bank gives a higher amount of loan within 72 hours.
Digital Process: This process is entirely digital, allowing you to apply for a loan online and easily submit necessary documents. Simply upload your documents during the loan application process.
Flexible Tenure: IndusInd Bank provides up to 60 months of loan repayment tenure. You can choose tenure as per your requirement.
Collateral Free: It is a collateral-free loan process. don’t require any guarantor to apply for the loan.
Fast Approval: Within 72 hours you will get the loan amount. This is a fast & quick process.
Balance Transfer: You can take the BT option. Transfer your previous loan amount to Indusind Bank and enjoy a lower interest rate EMI facility.
Also Read: Fi Money Personal Loan
IndusInd Bank Personal Loan Interest rate
| Interest rate | 10.49% p.a. |
| Minimum Loan Tenure | 1 year |
| Maximum Loan Tenure | 5 years |
Also Read: Google Pay Instant Loan
Fees & Charges
| Processing fees | Up to 3% of the loan amount |
| Prepayment charges | 4% of the remaining loan amount after 12 monthly installments |
| Loan cancellation charges | Rs. 1,000 per event |
| Payment dishonor charges | Rs. 450 per instance |
| Charges for duplicate statement | Rs. 250 per instance |
| Loan rescheduling charges | Rs. 1,000 per event |
| Penal charges | Rs. 150 per EMI delay beyond 5 days |
| CIBIL report | Rs. 50/- + GST |
| ECS/Cheques/SI swapping charges | Rs. 500 + GST |
| Legal charges | As per actuals |
| Duplicate amortization schedule Charges | Rs. 250 + GST |
| Duplicate no dues certificate | Rs. 250 + GST |
| Document photocopy charges | Rs. 250 + GST |
IndusInd Bank Personal Loan Eligibility
Follow the eligibility criteria before applying for the loan:
Salaried Employee
- The age should be 21 to 60 years
- A monthly Net Salary of Rs. 25,000 required
- Should be residence proof (Electricity bill/ Gas Bill / Water Bill)
- The job should be 2 years old
Self Professionals
- Applicant’s age should be 25 to 65 years
- A net annual income of 4.80 lakh is required (after tax deduction)
- Minimum 4 to 5 years post-qualified experience required.
Self Employed Individuals
Self-employed individuals mean sole proprietors and partners who have businesses like trading or services.
- The age should be 25 to 65 years
- Annual net income required 4.80 lakh
- Minimum 5 years post experience required
Also Read: Kreditbee Personal Loan
Documents Required for Indusind Bank Loan
Check out the required document to apply for an Indusind bank loan:
Salaried Person
- Recent 3 months’ Salary slip
- Recent 6 month’s bank statement
- Form 16 (if required)
- Aadhaar Card
- Pan Card
- Electricity bill or Water bill for residence proof.
- If you currently stay in a rented house, a rent agreement will be required.
Self Employed
- Recent 3 years Trade Licence
- Recent 2 years IT File
- Last 6-month bank statement
- Aadhaar Card
- Pan Card
- The electricity bill for residence proof.
Compare Personal Loan Interest Rates
| Lender | Interest Rate | |
| WeRize | 1.35% per month | Apply Now |
| MoneyView | 1.33% per month | Apply Now |
| InCred | 11.49% to 18% p.a. | Apply Now |
| HDFC Bank | 10.75% to 21% p.a. | Apply Now |
| Fibe | 24% to 30% p.a. | Apply Now |
| Piramal Finance | 12.99% p.a. | Apply Now |
| Finnable | 16% to 22% p.a. | Apply Now |
| IDFC | 12.50% to 18% p.a. | Apply Now |
| PaySense | 1.4% to 2.3% per month | Apply Now |
| Upward | 9% to 32% p.a. | Apply Now |
| Faircent | 12% to 28% p.a. | Apply Now |
IndusInd Bank Personal Loan EMI Calculator
The leading private sector bank IndusInd Bank offers 25 lakh personal loans at flexible EMI. Borrowers can use the IndusInd Bank Personal Loan EMI Calculator to know the loan EMI. The calculator tool enables users to compare various financial institutions.
Manage your financial journey with planning from this tool. Without installing software, individuals can easily use calculator tools.
How to Apply for an IndusInd Bank Personal Loan
Step 1: Click on the “Indusind Bank Personal Loan” button to start applying.
Step 2: Enter your mobile no that is linked to your Aadhaar Card.
Step 3: Fill out the application form.
Step 4: Now you will redirect to the IndusInd bank main page.
Step 5: Give your phone no, email ID & basic details to check eligibility.
Step 6: After fulfilling the eligibility, IndusInd Bank customer care calls you regarding the personal loan.
Step 7: Customer care will check your loan eligibility and company details.
Step 8: After the process, you will get the loan offer.
Also Read: Home Credit Personal Loan
IndusInd Bank Personal Loan Customer Care
Contact customer care for loans or other queries. They will solve your problem within 48 hours.
Customer Care Number: 022-68577777 / 022-44066666 / 022-42207777 / 1860 267 7777
Email Id: reachus@indusind.com
Office Address:
IndusInd Bank Limited,
2401 Gen. Thimmayya Road (Cantonment),
Pune-411 001, India
FAQs on Indusind Bank Loan
-
I have a zero CIBIL Score. Can I apply for a loan?
You can with zero CIBIL Score. IndusInd Bank accepts zero CIBIL Score personal loan applications.
-
How much loan can I get if I have a Rs. 30,000 salary?
IndusInd Bank is offering up to 25 lakh personal loans. After the eligibility check, you will get the loan offer. Your CIBIL Score and Current EMI will be calculated before giving you a loan offer.
-
How much personal loan is IndusInd Bank offering?
IndusInd Bank is offering a minimum of Rs. 10,000 to a maximum of Rs. 25 lakh loan.
-
Can I foreclose the due loan amount?
You can foreclose the due amount after 12 EMI deductions. Just you have to pay the due principal amount with 4% charges.
-
What is the interest rate IndusInd Bank giving?
IndusInd Bank is giving the best interest rate on a personal loan which is 10.49% per annum.