Apply for IndusInd Bank Personal Loan Online

Interest Rate EMI
11.99% - 14.75%

(fixed)

2,224 - 2,366

(per Lakh)

Details Details

Documents Required

PAN Card, Address Proof, Govt ID Proof (Not required if already given as an address proof), 3 month payslip (with DOJ mentioned), 3 month bank statement, photograph. Additional documents on case to case basis.

Preclosure Charges

  • 1 year lock in
  • 5% fee thereafter

Part-Payment Option

Not available

Max Eligibility: 40,00,000

yrs

Increase tenure to reduce EMI/maximize Eligibility.

Offer
Interest Rate EMI Processing Fees
11.99% - 14.75%

(fixed)

2,224 - 2,366

(per Lakh)

IndusInd Bank Personal Loan

One of the best banks for loan, it has good scrutiny and offers loan for genuine applicants. First bank rated for pretty good service and offer great options to its customers. This bank offers fast service with less interest rate.  It has very transparent and flexible in its eligibility criteria. It is possible to get personal with just 2 days from this bank if you have all necessary documentation and if you meet all criteria. It has fast approval processes with minimal and easy documentation.

Features of IndusInd Bank Personal Loan

  • Competitive interest rates with maximum loan amount approval: IndusInd Bank provides attractive interest rates on every personal loan.
  • Easy, hassle free and simple documentation. You can get loan with effortless and trouble free documentations, loan process of this bank is very customer friendly.
  • It offers doorstep service, everyone can avail a door step service to enjoy the convenience offered
  • It offers low rate balance transfer option: helps in getting away with high rate of interest from various other lenders, it is also possible to transfer the loan from other banks to IndusInd Bank at lower rate of interest.
  • Securities or collaterals and guarantors are not required: Personal loan is given on the basis of KYC and income of the individual. And documents that represent these are needed.
  • Loan tenor is up to 5 years: The applicant has the choice to choose the period of the loan from 1 to 5 years in order to repay the personal loan.
  • Facility to pre-close the loan is also offered in this bank.

Benefits of IndusInd Bank Personal Loan

  • No guarantor required
  • Has pre-closure option
  • No part payment option
  • KYC-PAN, address & ID proof
  • Income proof, bank statement and one photograph are the only other documents
  • Average approval time just 8.9 days
  • Offers Door step service
  • E-approval option available
  • Top-up loan available
  • Balance transfer offered

Why should you choose IndusInd Bank Personal Loan?

  • This bank offers competitive interest rate along with maximum loan amount approval: Indusind Bank also provides an attractive interest rate on each Personal loan.
  • Simple, easy and hassle-free documentation, with an effortless and trouble-free documentation, personal loan staffs of this bank are very customer friendly.
  • The applicant can avail door-door service and make the most use of the convenience.
  • Balance Transfer option at a lower rate is offered to each applicant in case of any existing amount of loan.

How to apply online for IndusInd Bank Personal Loan?

If you are looking for smart way to apply for a loan, use Finance Buddha. This is a one-stop loan solution provider for all types of loans. This site will not just assist you in finding the right bank that can offer you a personal loan at best rate but you can also do a fair amount of comparison with other banks.

Applying through Finance Buddha is pretty simple. All you need to do is give your credentials in the application form which will throw a list of banks that you are eligible for and their amount, tenure and interest rates. Per which decide the bank and click on apply. The rest is totally handled by the bank who will contact you instantly to proceed with the loan.

Eligibility Criteria for IndusInd Bank Personal Loan

Eligibility Criteria Salaried Self Employed Professional Self Employed  Individual
Net Monthly Income IN 30,000/- Minimum Annual Net Income post tax should be INR 4.8 Lakhs Minimum Annual Net Income post tax should be INR 4.8 Lakhs
Min. Age of Applicant Applicant’s Age should be Min 21 years Applicant’s Age should be 25 years Applicant’s Age should be 25 years
Max. Age of Applicant  Max 60 years /retirement age whichever is lower at the time of the maturity of the loan. Max 65 years at the time of the maturity of the loan. Max 65 years at the time of the maturity of the loan.
Current Experience Applicant should possess minimum 2 years in employment and 1 year in the present organization. Applicant should possess minimum 4 years of post-qualification experience Applicant should possess minimum 5 years of post-qualification experience
Minimum Loan Amount INR 50,000 INR 50,000 INR 50,000
Maximum Loan amount INR 15 lakhs INR 15 lakhs INR 15 lakhs
Processing Fee Up to 2.5% of loan amount Up to 2.5% of loan amount Up to 2.5% of loan amount
Prepayment Charges 4% after 1 year of EMI clearance 4% after clearance of 6 EMIs. 4% after clearance of 6 EMIs.
Turn Around Time for processing 4-7 working days 4-7 working days 4-7 working days

Documents Required for IndusInd Bank Personal Loan

Documentation Salaried Self employed

Financials /Income Documents

1. Salary Slip for last 3 months are needed.

1. Income Tax return for last 2 years with Profit and Loss account along with computation of Income and Balance sheet for last 2 years certified by a CA including schedules and audit reports( Form 3CB &3CD)

2. Latest Form 16 or ITR

2. Latest bank Statements for main account for last 6 months. It could be a CA (Current), SA ( Savings), OD ( Overdraft), CC ( Cash Credit)

3. Appointment letter.

3. Business continuity proof : Trade License, Establishment / Sales Tax Certificate.

4. Latest bank Statements for main account for last 6 months are needed. It could be a CA (Current), SA ( Savings), OD ( Overdraft), CC ( Cash Credit)

 

Proof of Identity

1. Valid Passport

1. Valid Passport

2. Voter’s Id

2. Voter’s Id

3. Valid Driving Licence

3. Valid Driving Licence

4. Aadhar Card or letter issued by UIDAI

4. Aadhar Card or letter issued by UIDAI

5. PAN Card

5. PAN Card

 

 

Proof of Address

1. Utility bill not more than 3 months old.

1. Utility bill not more than 3 months old.

2. Valid Passport with the same address as mentioned in the application form.

2. Valid Passport with the same address as mentioned in the application form.

3. Ration card

3. Ration card

4. Leave and license Agreement.

4. Leave and license Agreement.

 

5. Trade License

 

6. Sales tax Certificate

Additional Mandatory documents

                       NA

1. Sole Proprietorship Declaration

2. Certified copy of Partnership Deed.

3. Certified copy of Memorandum and Articles of Association & Board Resolution.

Interest Rates, Fees & Charges on IndusInd Bank Personal Loan

Interest Rate
Minimum Rate 11.25%
Maximum Rate 26.00%
Mean 14.11%
Annual Percentage Rate ( APR)
Minimum 13.09%
Maximum 21.50%
Other Fees and Charges
Interest Rate Up to 23% p.a.
Processing Fees Up to 2.50% of loan amount
Prepayment Charges Salaried: 4% of the outstanding principal after 12 EMI has been repaid.
Self Employed: 4% of the outstanding loan after 6 EMI repayment completed
Payment Dishonor Charges INR 450
Duplicate Statement Charge INR 250
Cheque / ECS / SI Swapping Charges INR 500
Duplicate No Dues Certificate INR 250
Duplicate Amortization Schedule Charge INR 250
Loan Re-Booking / Rescheduling Charges INR 1,000
Loan Cancellation Charges INR 1,000
Charges for Photocopy of Agreement/ documents INR 250
Penal Charge INR 150 Per EMI delayed beyond 5 days
Legal Charges As per Actuals
Stamp Duty As applicable
CIBIL Report INR 50/- per case

Frequently Asked Questions

How is IndusInd bank able to offer improved customer engagement services?

IndusInd Bank has been tied-up with IBM to use its cloud-commerce solutions to convert customer arrangements and boost its cross-sell platforms. In an agreement of three years, IBM will provide a cloud and predictive analytics based multi-channel campaign managing solution that enables IndusInd Bank to build up its online banking presence while improving the product holding per customer.

How do I check my loan status?

Checking your loan status is a very simple task. All you need to do is log-into the bank website with the net banking account (if any). If you don’t have an account with the bank, then email or call the respective branch for detailed documents. Alternatively, you can visit the website and direct to bank’s dedicated personal-loan page. You will find all related resources and information in this section.

Can I check IndusInd personal loan statement online?

IndusInd personal loan statements are available by logging into loan or bank account in website. To get detailed loan statements, the applicant should send a request to bank with all personal details via email or through phone calls.

What is the standard waiting time for the approval of the personal loans from the IndusInd bank?

The loan processing time is generally completed within 7 days of receiving the appropriate document from applicant.

What is the process for loan repayment?

Loan repayments made in EMIs. This can be paid through ECS. Also, clients can provide standing-instructions to bank to debit the right EMI amount each month.

How do I repay the loan?

The loan needs to be paid in EMIs. The EMI amount will be informed to the applicant and they can pay it through standing instructions or ECS in the IndusInd bank account.

What are the pre-closure criteria?

Pre-closure of the loan is allowed on paying at least 12 regular EMIs if you are salaried borrower. In case of the self-employed borrowers, fore-closure can be made on payment of minimum 6 EMIs. Pre-closure charges are implied, while partial prepayment is not permitted.

Do I need to produce any collateral or security?

No, this is unsecured loan. There is no need for any security and guarantee for it.

How to contact IndusInd Bank for enquiries or problems?

You can contact them through toll free numbers, send e-mail, send message or approach any of the branches of IndusInd Bank to sort out issues with the loan.

Are there any special privileges for IndusInd clients?

IndusInd Bank customers are provided special interest rates, provided importance in the processing, and tapped for minimal documents. With an IndusInd account will assist the bank get the financial history with ease, and offer to tailored products that fit the needs and ability to repay without causing discomfort.

Reviews   4.78 stars, based on 46 reviews

I am having my ongoing personal loan credit with IndusInd Bank. It is a good bank whose top most priority is to satisfy their customers. The rate of interest offered by this bank is very nominal unlike other banks. The processing is also very fast. My loan was approved in 4 working days. I will give 5 stars to IndusInd bank for their service.

 5/5

Finance Buddha helped me when I was facing very bad financial condition. I was in need of money urgently and I was having no 1 who can help me. Then from the Facebook page I got to know about Finance Buddha. I went through the portal and applied for a personal loan with IndusInd bank. My loan was approved on the 4th day. Thank you IndusInd and Finance Buddha for helping me when no one was there for me.

 5/5

I managed to get my personal loan with IndusInd bank with the help of Finance Buddha. I went to the Finance Buddha port and applied online for the loan with IndusInd Bank. My loan was approved at an interest rate of 11.50% P.A. The documentation process went smoothly with the Finance Buddha executives. My loan was approved in 5 days. I will recommend IndusInd bank as well as Finance Buddha to others also.

 5/5

The rates with IndusInd Bank is good. But the time taken by them to approve my personal loan application was more than 12 days. I am not satisfied with the service provided by them. They need to improve their processing time.

 2/5

I applied for my personal loan with IndusInd Bank. Though I am already having my home loan with SBI, my personal loan was approved by the IndusInd bank. I found here that the service provided by the bank to their customer is best. The processing is really fast, smooth and stress free here.

 5/5

My personal loan was approved with Indusind Bank. The rate of interest offered was low as compared with the other Banks this was the reason for which I went with this bank. The service provided is also good here. I got my loan approved in only 4 days.

 4/5

One of the benefit of having personal loan is that it is an unsecured loan so you will not have to put something as security. When I heard about this kind of loan I visited Finance Buddha portal and applied for the personal loan with Indusind bank. The rate of interest offered was 12% p.a. and the processing fees was also reasonable. I am happy for going with the Indusind Bank.

 4/5

I got my personal loan disbursed with IndusInd Bank only in 6 working days. This fast disbursal is the result of their fast processing. The staff of the bank are really very soft spoken and helpful. They were taking regular follow up for my loan disbursal process.

 4/5

IndusInd Bank offered me amazing service regarding my personal loan. I applied for the loan on 10th may 2017. And from that very day the processing started. After applying I got a confirmation call from the Finance Buddha executive which was followed by the documentation process from the next day. I got my loan approved on the 4th working day.

 5/5

Indusind Bank is the best bank I have ever experienced. They are having the smart way to apply for the loan. And they process the application very fast. I applied for my personal loan with them. And my loan was approved only in 5 days. There were regular follow up from the Finance Buddha executives as well as from the bank staffs. I am very happy with their service.

 5/5

I applied for my personal loan through Finance Buddha with IndusInd Bank. The executives of Finance Buddha came to me and helped me throughout in completing the documentation process. Their rate of interest and the processing charges all are reasonable and a common man can afford that.

 4/5

I am very happy for going with IndusInd Bank. I applied for my personal loan with them. IndusInd Bank has easy, hassle free and simple documentation process. And as the documentation process is very fast the loan approval takes very less time as compared to the other banks. I will recommend IndusInd Bank to others also.

 5/5

I was looking for a bank for having a personal credit then one of my friend suggested me about the IndusInd bank. I went to the Finance Buddha portal and applied for the personal credit with the IndusInd Bank. I found that the service provided by the bank is very good they are fast enough in their processing and work. I got my personal loan approved in 4 days and on the 5th day I was having the money.

 4/5

I am having an ongoing personal credit of worth Rs. 3 lakhs with IndusInd Bank. They provide a pretty good service and offers fast service with less interest rates. I am very happy for going with the IndusInd Bank instead of any other Bank.

 5/5

I went through the Finance Buddha website for checking my eligibility for the personal loan credit. When I compared many banks for my loan I found that IndusInd Bank was the best suited for me. IndusInd Bank is good in rates, service and in everything a customer needs.

 4/5

The rate of interest offered by the IndusInd Bank for the personal loan is very low as compared to the others banks. I am saying this with my personal experience. I am having my personal credit with the IndusInd Bank. The rate of interest is 11.99% which is bearable to me and the processing fees is also low. The documentation process was completely stress free and smooth. It took them only 3 working days to approve my personal loan.

 5/5

The service provided by the IndusInd bank is pretty good. I am having my personal loan with them. The rate of interest offered to me is 12%P.A. and the processing fees is 2.5%. The processing was really fast and my loan was approved within 3 working days. Thank you IndusInd bank!!

 5/5

In the wedding season, it becomes practically impossible to get loans from the bank as it is a season where every second person needs a loan. Through Finance Buddha, applying for loan has been easy and availing the loan also has been instantaneous. The best one can expect is at home service and IndusInd bank sent the employees to the home the next day I applied for loan through Finance Buddha.

 5/5

If you are someone who has no knowledge about banking and finance, Finance Buddha is the place you should be. The website provides timely assistance and the executives provide 24x7 customer support. Moreover, they do not talk like professional employees who are apathetic to the customer needs. I must say, this portal has made my loan availing experience very easy.

 5/5

Availing same days loan can be difficult as banks usually follow strict procedure. I applied for same day loan in three banks and my loan got approved the fastest through IndusInd bank. There has been a hassle free system where the services have been exceptional.

 5/5

The rate of interest charged by the bank is as minimum as 11.25%. For applicants whose CIBIL score is very low, the IndusInd bank provides various provisions that increase loan eligibility. I jointly applied for the loan with my husband. My loan got sanctioned in just 4 days.

 5/5

The balance transfer facility offered through the IndusInd bank is by far the best feature. The bank is one of the very few banks who offer the least rates, as evident through the Finance Buddha web portal. After checking information from this website, I also checked manually, and every bit was authentic and the information was updated we well.

 5/5

I availed a home loan from a different bank. To my surprise, the rate of interest for loans from IndusInd bank was really less. I switched my loan and that was the best decision. The Finance Buddha provided me the best advice on why to choose the IndusInd bank. Also, my loan got approved in 7 days with minimal extra charges. I can't thank them more!

 5/5

The system of the bank is way too easy. The loan interest rates are flexible and the charges are less than many prominent banks. The best part of the overall experience was the support provided by the Finance Buddha employees. They provide a smart way to check everything from scratch. For a person like me who had zero knowledge about finance and loans, the website provided every information from the types of loans, their pros and cons to checking eligibility and applying for the loans, every information is provided in layman language.

 5/5

Surpassing my expectations and presumtions, IndusInd bank has been helpful in providing the personal loan I had applied for. A friend of mine recommended this loan after he found the info for same day loans through Finance Buddha. I can say that I have made a right choice by connecting with IndusId bank.

 5/5

The process followed by IndusInd bank is very simple. No formal technicalities. They just ask you the basic things, it is as easy as signing up on a website. Moreover, you have the option of applying through various modes; telephone, e-mail, online, or bank visits. I applied through the Finance Buddha website and would personally recommend the same. The company employees were helpful enough to reply with a call and recommend the best loan you are eligible for.

 5/5

The review process of the bank is really good. They check the documents thoroughly, which is a good thing to minimize the list of documents. Viewing the other reviews of the bank on the website of Finance Buddha, I was convinced that the services are good. After availing the loan myself, I feel proud being a happy customer and giving a 5 star rating to the bank. Thanks to Finance Buddha for providing the holistic information about different loans without any cost.

 5/5

I needed a personal loan for my marriage. Since it was a big day of my life, I wanted to leave no stone unturned and hence the expenses show up. The bank executives were very helpful and coordinated when my visits to the bank were not possible. The staff is amiable and is always at your disposal. I got my loan in just three days. I have been making the payments through easy repayment options through online mode and it has never been a problem.

 5/5

bank provides and affordable interest rates. Trust me, I have compared personal loan rates from various banks which was a laborious task. Stumbling on the website of Finance Buddha, I realised the comparison would have been so easy here. The rates of various loans are low and the extra charges are also negotiable.

 5/5

I barely have any time to go to the bank physically. Through Finance Buddha, I got all the information about loans from IndusInd bank, their history which helped me trust them. I needed a business loan without any collateral. The bank met my requirements well.

 5/5