IndusInd Bank Personal Loan: Interest Rate, Eligibility, Processing & Customer Care

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    INDUSIND BANK PERSONAL LOAN

ABOUT INDUSIND BANK PERSONAL LOAN :

Indusind bank personal loan established in 1994 at Pune. It offers a wide range of personal banking services including deposits. loans, credit cards and insurances. Indusind Bank is the first among the new generation private banks in India.

IndusInd Bank personal loans also known as unsecured loans to fulfill certain unavoidable expenses such as wedding expenses, home renovation, holiday expenses etc.

 

FEATURES: 

  • Quick disbursal of loan

  • Less documentation

  • Affordable interest rate

  • Fast approval

 

FEE AND CHARGES :

TYPE 

CHARGES

Processing Fees

Zero charges

Prepayment Charges

4% of principal outstanding after repayment of 12 EMIs (For salaried)

4% of principal outstanding after repayment of 6 EMIs (for Self-employed)

 

Payment Dishonor fees

Rs 450 + taxes

 

Cheque / ECS / SI Swapping fee

Rs 500 + taxes per instance

 

Personal loan Duplicate Statement fee

Rs 250 + taxes per event

 

Duplicate Amortization Schedule Charge

Rs 250 + taxes per event

 

Duplicate NDC

Rs 250 + taxes per event

 

Loan Re-Booking 

Rs 1000 + taxes per event

 

Loan Cancellation fee

Rs 1000 + taxes per event

 

Penal Charge

Rs 150 + taxes for each EMI delay beyond 5 days

 

Legal Charge

As per Actuals

Charges for Photocopy

of Agreement / Documents

 

Rs 250 + taxes per instance

Stamp Duty

As per State Laws

 

CIBIL Report

Rs. 50 per instance per set + taxes as applicable

 


 

                     COMPARE OTHER BANK PERSONAL LOAN INTEREST RATES :

BANKS

INTEREST RATES 

AXIS Bank Personal Loan

12% to 24%

SBI Personal Loan

11.30% to 16.40%

SBI Xpress Bandhan

12.15% to 15.15%

SBI Xpress Credit Personal Loan

11.50% to 12%

HDFC Bank Personal loan

10.75% to 21.50%

Kotak Mahindra Bank Personal Loan

10.50% to 16.99%

Yes Bank Personal Loan

20.00% to 22.00%

Citi Bank Personal Loan

10.50% to 17.99%

ICICI Bank Personal Loan

10.99% to 16.25%

Standard Chartered Bank Personal Loan

11.00% to 19.20%

IDBI Bank Personal Loan

12.00% to 14.00%

RBL Bank Personal Loan

14.00% to 23.00%

HSBC Bank Personal Loan

10.75% to 17.84%

IndusInd Bank Personal Loan

11.00% to 16.75%

Bank of Baroda Personal Loan

11.70% to 16.70%

Bank of India Personal Loan

12.45% to 14.15% 

Canara Bank Personal Loan

12.05% onwards

 

ELIGIBILITY CRITERIA :

ELIGIBLE

Salaried, self-employed, private sector employees, government employees, doctors, teachers, Employees of various public and private companies, local bodies. 

AGE

Salaried = 21 to 60 years

Self employed = 25 to 65 years  

INCOME

Salaried : Monthly income Rs. 25000

and Self employed : Net income Rs. 4.8 lakh

For salaried, 2 years minimum overall experience and 1 year minimum experience in present company

For self-employed, at least 5 years of experience after relevant qualification

 

DOCUMENTS REQUIRED :

TYPE

DOCUMENTS

ID proof

Adhar card, pan card, driving license, passport, etc.

Address proof

Aadhar card, voter id, rental agreement, registry, and utility bills

Income proof

For salaried : Latest salary slip and salary certificate with Form 16 

For self employed : Latest bank statement, ITR and Form 16

 

OTHER PRODUCTS OF INDUSIND BANK PERSONAL LOAN :

  1. Indusind Bank Business Loan

  2. Indusind Bank Car Loan 

  3. Indusind Bank Personal Loan

  4. Indusind Bank Credit Card Loan

HOW TO APPLY FOR INDUSIND BANK PERSONAL LOAN :

Offline Method :  visiting the nearest branch

Online Method :

  • Go to Indusind bank portal

  • Now go to “Personal” section

  • Now go to “Loan”

  • Now select “Personal Loan”

  • Complete the registration form and attached all required documents

  • After that submit your application form

                               


 

                           

 

                                     FREQUENTLY ASKED QUESTIONS :

Q. 1. What is the maximum limit for Indusind Bank personal loan?

The maximum limit for Indusind Bank personal loan is Rs. 25 lakh.

Q.2. How much interest rate is charged by Indusind Bank on personal loan?

The interest rate is charged by Indusind Bank personal loan is 11% to 16.75%

IQ.3. What is the minimum and maximum tenure of personal loan in Indusind Bank?

The minimum and maximum repayment tenure of Indusind Bank personal loans is 1 to 5 years 

Q.4. Is age an important factor to get a personal loan from Indusind Bank?

Yes, if you are salaried your age should be 21 years to 60 years and if you are self-employed your age should be 25 years to 65 years.

Q.5. How can I get Indusind Bank personal loan

By directly visiting the nearest branch or can apply online at their website. 

Q.6. Is there security or collateral needed to get a personal loan from Indusind Bank?

It’s an unsecured loan, no collateral and security needed to get a Indusind Bank personal loan.

Last Updated on : 07/Sep/2020

Know More How To Apply ??

Know More About

Indusind Bank Personal Loan

You're eligible for a Indusind Bank Personal Loan if you:


Are legally adult enough to handle it


Have still got it


Get a regular pay check


Make more than a basic buck

Your eligibility depends on:


Earn more than minimum income required


Maximum allowed Personal Loans is Rs. 10K to Rs. 45 lakhs


EMIs of other loans loweryour eligibility

Boost your eligibility by:


Pay off your credit card bills


Choose longer tenure loan up to 5 years

Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:

  • 1. Photo ID and age proof
  • 2. Signed application form with photograph
  • 3. Residence proof
  • 4. Last 6 months bank statement
  • 5. Documentation for salaried applicants:
    • Last 3 months salary - slips
    • Form 16 or Income Tax Returns
  • 6. Documentation for self-employed applicants:
    • Last 3 years Income Tax Returns with computation of Income
    • Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account

Indusind Bank Personal Loan Interest Rates

Updated on 25 Nov 2017

Indusind Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 11% - 16.75%
Processing Fees No Charges
Loan Tenure 1 year to 5 years
Pre-closure Charges Varies with bank
Guarantor Requirement Varies with bank

Personal Loans EMI Calculator

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

|
1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959