IndusInd Bank Personal Loan - Apply Online @11%
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Interest Rate
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Tenure
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IndusInd Bank Personal Loan
One of the best banks for loan, it has good scrutiny and offers loan for genuine applicants. It is the 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 loan with just 2 days from this bank if you have all the necessary documentation and if you meet all criteria. It has fast approval processes with minimal and easy documentation.
IndusInd Bank Personal Loan Details
Institution Type: Bank
Minimum Loan Amount: ₹50,000
Maximum Loan Amount: ₹1,500,000
Minimum Tenure: 12 months
Maximum Tenure: 60 months
Interest Rates: 11%
Fees & Charges: Up to 2.50% + GST as applicable
Features of IndusInd Bank Personal Loan
- Competitive interest rates with maximum loan amount approval: IndusInd Bank provides attractive interest rates starting @11.25% 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.
- 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 a 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 Personal Loan
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Eligibility Criteria |
Salaried |
Self Employed Professional |
Self Employed Individual |
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Net Monthly Income |
₹25,000/- |
Minimum Annual Net Income post tax should be ₹480,000 |
Minimum Annual Net Income post tax should be ₹480,000 |
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Age of Applicant |
Applicant’s Age should be Min 21 years. Max 60 years /retirement age whichever is lower at the time of the maturity of the loan. |
Applicant’s Age should be 25 years. Max 65 years at the time of the maturity of the loan. |
Applicant’s Age should be 25 years. Max 65 years at the time of the maturity of the loan. |
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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 |
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Minimum Loan Amount |
₹50,000 |
₹50,000 |
₹50,000 |
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Maximum Loan amount |
₹1,500,000 |
₹1,500,000 |
₹1,500,000 |
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Processing Fee |
Up to 2.5% of loan amount |
Up to 2.5% of loan amount |
Up to 2.5% of loan amount |
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Prepayment Charges |
4% after 1 year of EMI clearance |
4% after clearance of 6 EMIs. |
4% after clearance of 6 EMIs. |
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Turn Around Time for processing |
4-7 working days |
4-7 working days |
4-7 working days |
IndusInd Personal Loan Interest Rates, Fees & Charges
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Interest Rates Overview |
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Minimum Interest Rate |
11% |
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Maximum Interest Rate |
30.00% |
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Other Fees and Charges |
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Processing Fees |
Up to 2.50% + GST as applicable |
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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 |
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Payment Dishonor Charges |
₹450 |
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Duplicate Statement Charge |
₹250 |
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Cheque / ECS / SI Swapping Charges |
₹500 |
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Duplicate No Dues Certificate |
₹250 |
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Duplicate Amortization Schedule Charge |
₹250 |
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Loan Re-Booking / Rescheduling Charges |
₹1000 |
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Loan Cancellation Charges |
₹1000 |
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Charges for Photocopy of Agreement/ documents |
₹250 |
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Penal Charge |
₹150 Per EMI delayed beyond 5 days |
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Legal Charges |
As per Actuals |
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Stamp Duty |
As applicable |
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CIBIL Report |
₹50/- per case |
Documents Required for IndusInd Personal Loan
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Documentation |
Salaried Employees |
Self-employed Individuals |
|
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) |
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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) |
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3. Appointment letter. |
3. Business continuity proof: Trade License, Establishment / Sales Tax Certificate. |
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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) |
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Proof of Identity |
1. Valid Passport |
1. Valid Passport |
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2. Voter’s Id |
2. Voter’s Id |
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3. Valid Driving License |
3. Valid Driving License |
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4. Aadhaar Card or letter issued by UIDAI |
4. Aadhaar Card or letter issued by UIDAI |
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5. PAN Card |
5. PAN Card |
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Proof of Address |
1. Utility bill not more than 3 months old. |
1. Utility bill not more than 3 months old. |
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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. |
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3. Ration card |
3. Ration card |
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4. Leave and license Agreement. |
4. Leave and license Agreement. |
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5. Trade License |
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6. Sales tax Certificate |
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Additional Mandatory documents |
NA |
1. Sole Proprietorship Declaration |
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2. Certified copy of Partnership Deed. |
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3. Certified copy of Memorandum and Articles of Association & Board Resolution. |
How is IndusInd bank able to offer improved customer engagement services?
How do I check my loan status?
Can I check IndusInd personal loan statement online?
IndusInd Bank Personal Loan ReviewsView All
Anahita Dubey
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.
Anamika Mukherjee
5 / 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.
Lakshya Sharma
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.
Avinash Singh.
5 / 5
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.
Aadil Hussain
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.
Somya Tiwari
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.
Rajnish Kumar
2 / 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.
Rachael
5 / 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.
Anuj Nayak
4 / 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.
Vikram
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.
Anahita Dubey
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.
Anamika Mukherjee
5 / 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.
Lakshya Sharma
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.
Avinash Singh.
5 / 5
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.
Aadil Hussain
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.
Somya Tiwari
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.
Rajnish Kumar
2 / 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.
Rachael
5 / 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.
Anuj Nayak
4 / 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.
Vikram
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.
Anahita Dubey
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.
Anamika Mukherjee
5 / 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.
Lakshya Sharma
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.
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