IndusInd Bank Personal Loan


IndusInd Bank Personal Loan, gives a comprehensive financial solution catering to diverse needs. IndusInd banks' interest rates start at 10.49% p.a. You can apply for an Indusind bank personal loan to get an amount ranging from Rs. 30,000 to Rs. 50 lakhs and tenure ranging from 1 to 6 years.

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IndusInd Bank Personal Loan Details

Applying for an IndusInd bank loan has become easier than ever, but what’s a loan without the interest rates and other details? Explore the table below for information on IndusInd bank personal loan -

Interest rate Starting at 10.49%
Loan amount ₹ 30,000 - 50 lakhs
Tenure Up to 6 years
Minimum Salary ₹25,000 per month
Processing Fee Up to 3%

Table of Contents

IndusInd Bank Personal Loan Interest Rates & Charges

IndusInd offers personal loans through the Indus Easy Credit scheme with attractive interest rates. The charges apply as per the loan borrowed. In the table below, find different rates and charges applied by the bank while borrowing a loan -

IndusInd Bank Personal Loan Scheme Interest Rates (p.a.) Processing Fees
Indus Easy Credit Starting at 12.3% p.a. 3% of loan amount + GST + stamp duty

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Types of IndusInd Bank Personal Loan & Features

IndusInd bank offers quick digital instant loans, they start with an interest rate as low as 12.3% p.a. with loan amounts varying from₹ 30,000 to ₹ 5,00,000. Now meet the eligibility criteria of IndusInd Bank Personal loan and avail a loan, instantly.

Indus Easy Credit

Indus Easy Credit is a quick and hassle free loan for individuals who do not want to take a high amount of loan. It allows for easier monthly instalments.

Eligibility for Indus Easy Credit Scheme

  • Minimum age of 21 years to Maximum of 60 years
  • Minimum monthly income of ₹15,000
  • Should complete a minimum 2 years of employment and 1 year on current organisation.
  • Should be staying for 1 year in the current residence (for renters)

IndusInd Bank Personal Loan EMI Calculator

The IndusInd Bank Personal Loan EMI Calculator allows you to easily calculate and plan your monthly loan repayments. With this calculator, you can input the loan amount, interest rate, and tenure to get an accurate estimate of your EMIs.

₹
%
Monthly EMI ₹86
Principal Amount ₹1,000
Total Interest ₹32
Total Amount ₹1,032.00

Year Month Principal (A) Interest (B) EMI (A+B) Balance Loan Paid to Date (%)

EMI calculator helps you meet your budget effectively, compare different loan options, and make informed decisions. Whether you're considering a new loan or managing existing ones, the EMI calculator is a convenient tool to help you stay financially prepared.

IndusInd Bank Personal Loan Eligibility

Understanding your eligibility criteria for a loan is important for taking out a loan. Indusind bank personal loan eligibility criteria are simple, the following table talks about the eligibility criteria required for IndusInd bank-

Eligibility for Salaried Employees:

Factors General Eligibility Criteria
Age 21 yrs to 60 yrs
Monthly Income Minimum ₹25,000
Work Experience Min 2 year employment and 1 year in current organisation
Residence Min 1 year in current residence (if rented)

Eligibility for Self Employed Professionals & Individuals

Factors General Eligibility Criteria
Age 25 yrs to 65 yrs
Income Min ₹4.8 lakh p.a.(post tax)
Work Experience 4-5 years of post qualification experience

IndusInd Bank Personal Loan Documents Required

While taking out a loan there are several documents required , some of which are listed on the table below-

Identity Proof PAN Card, Voter ID, Driving License, Passport
Income Proof Form 16/ITR for last 3 years, salary slip (last 3 months)
KYC Valid identity/Residence/Signature proof
Banking Latest 3 months salary credited bank statement.

Comparison of IndusInd Bank Personal Loan Vs Other Banks

Interest rates can be prices differently based on different bank, Indusind bank personal loan interest rates may differ from other banks in the market. However, being aware of the different lenders and their interest rates can put you in an advantage, so here is a table showing the comparison of IndusInd Personal Loan rates with other banks:

Lender Interest Rates (p.a.) Processing Fees
IndusInd 10.49% 3% onwards
SBI 10.30%-15.10% Up to 1.50%
HDFC 11.00% onwards Up to 2.50%
ICICI 10.75% onwards Up to 2.50%
Citibank 9.99% p.a. To 16.49% p.a. 0.25% to 3.00%

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Features of IndusInd Bank Personal Loan

IndusInd bank comes with a range of features and benefits some of which are -

Easy Documentation

Get instant loans with
minimal documentation

Flexible Repayment

Choose your preferred
repayment tenure of up to
6 years

Top Class Features

Door step service and
convenience in loan
approval

Low Interest Rates

Starting from 10.49% p.a.

No Collateral

Get fund without risking
your assets

Zero Hidden Charges

No hidden charges and
extra penalties.

4 Easy Steps to Apply for IndusInd Bank Personal Loan with Buddy Loan

Here’s the step-by-step process that you can follow to apply for IndusInd Bank personal loan on Buddy Loan:

  • Step 1: Visit buddyloan.com or Download & install the Buddy Loan app (Android or iOS).
  • Step 2: Open the Personal Loan Application Page. Provide the mobile number and enter the received OTP.
  • Step 3: Specify the desired loan amount & personal email. Next, choose the Personal Loan option
  • Step 4: Choose the employment type (Salaried, Self-Employed, or Student) and the salary mode (bank or cash).
  • Step 5: Enter your work details (Including company name, years of service and Designation)
  • Step 6: Enter your personal details (Including Full Name, PAN, address DOB & Gender)
  • Step 7: Provide your communication address, and income details and Click the ‘Submit’ button.

Ready to take the next step? Apply for a Personal loan now!

Frequently Asked Questions on IndusInd Bank Personal Loan

To be eligible for an IndusInd Bank Personal Loan, individuals must meet the general income requirements (Rs 25000 p.m) and age criteria (21- 60 years) and other specific requirements specified by the bank.

IndusInd bank personal loan amount starts from Rs 30,000 to up to Rs 50 lakhs.

IndusInd bank personal loan rate of interest can start as low as 10.49%. Interest rates can be determined depending on several factors of the individual getting the loan.

The repayment tenure for IndusInd bank personal loans can vary between 1 to 6 years.

Yes, you can prepay or foreclose your personal loan. For prepayment you will be charged 4% of the principal outstanding after repayment of 12 EMIs (for salaried) & 6 instalments (self salaried).

You can apply for an IndusInd bank personal loan through their websites or by going to their bank or through bank helpline numbers.

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