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Apply for IndusInd Bank Personal Loan just by signing up. Get instant approval and convert your dreams into reality with minimal documentation. IndusInd Bank personal loan offers interest rate starting from 11.00% p.a. for the loan amount ranging between Rs 50,000 to Rs 25 Lac.
A personal loan helps many households to meet their shortfall of funds when they need to purchase a car or do house renovation, in cases of medical contingencies or higher education of children. The big-ticket purchases can be easily done through personal loan and therefore, IndusInd Bank offering its personal loan to customers for many of their requirements. IndusInd Bank’s unsecured loan can convert many of your dreams into reality. To meet the customers’ requirements, the bank offers multiple loans under different categories of personal loan so they can achieve their goals easily. You can choose the loan and its tenure as per your convenience ranging from 1 to 5 years.
IndusInd Bank also offers balance transfer option to its customers to get rid of high-interest debt. However, the bank is offering a loan only in few cities. You can check the IndusInd Bank Personal Loan City List here.
IndusInd Bank Personal Loan provides easy loan within 24 hours with interest 11.00% p.a. onwards. Below table gives the complete details of Personal Loan.
| IndusInd Bank Personal Loan | Details |
|---|---|
| Loan Category: | Personal Loan |
| Loans Offering: | Personal Loan, Marriage Loan, Holiday Loan, Medical Loan, Home Renovation Loan |
| Loan Type: | Unsecured personal loan |
| Interest Rate: | 11.00% p.a. onwards |
| Processing Fee: | Up to 2.50% of loan amount plus tax |
| Approval Process: | Both online and offline |
| Minimum Income Requirement: | ₹35,000 |
| Loan Approval Timing: | 24 hours |
| Minimum Loan Amount: | ₹50,000 |
| Maximum Loan Amount: | ₹25 Lakh |
| Minimum Loan Period: | 12 months/ 1 year |
| Maximum Loan Period: | 60 months/5 years |
| Type of Interest Rate: | Fixed Interest Rate |
| Interest Charging Method: | Reducing balance method |
There are eligibility criteria set by IndusInd Bank for their personal loan:
| IndusInd Bank Personal Loan | Details |
|---|---|
| Salaried Employees | No |
| Salaried Doctors | No |
| Employees of public and private limited companies | No |
| Government sector employees including Public Sector Undertakings, Central and Local bodies | No |
| Loan for Pensioners | No |
| Loan for Existing Customers | No |
| Self-Employed | No |
| Selected Corporate | No |
| Other Criteria | NA |
| Minimum Age | Minimum age at the time of application should be 21 years |
| Maximum Age | 60 years or retirement age whichever is earlier at maturity |
| Minimum Income Requirement | ₹35,000 |
IndusInd Bank offers the following products and services under personal loan head:
Education is everyone’s right but the major problem that everyone face is money. So, to get access to good education IndusInd Bank offers financial assistance through an educational loan to the students who want to study in India or abroad. The comprehensive loan plan covers all expenses related to your course, be it caution deposits, tuition fees, unexpected college costs, etc.
Unpleasant medical emergencies are always unpredictable in life and to deal with such emergencies IndusInd Bank offers personal loan for medical expenses. This loan helps you to deal with unexpected medical expenses. IndusInd Bank medical loan covers doctor’s fees, medical bills, hospital stay, procedure and surgery, and other charges.
Home renovation can be costly in today’s time and therefore, IndusInd Bank home renovation loan which can give you a completely new look to your home. IndusInd’s Personal loan for the home renovation is extremely reasonable and the application process is easy and hassle-free.
The venue, food, drinks, invitations and clothes are just a few of the many things which involve wedding cost which requires a generous budget. To ensure that you enjoy your special day, IndusInd Bank offers wedding loan which is tailor-made and the amount is available according to the individual applicant’s needs and desires.
Personal Loan Balance Transfer from IndusInd Bank is for such people who want to reduce the burden of personal loan. You allow you to lower your EMIs and can also get additional top-up amounts to meet your current financial requirements.
IndusInd Bank Personal Loan offer various services, please find below the list of features offered by the vendor.
| IndusInd Bank Personal Loan | Details |
|---|---|
| Personal Loan | Yes |
| Wedding Loan | Yes |
| Education Loan | Yes |
| Home Renovation Loan | No |
| Two Wheeler Loan | No |
| New Car Loan | |
| Used Car Loan | No |
| Travel Loan | Yes |
| Medical Loan | Yes |
| Top Up Loan | No |
Here is the detail charge list for IndusInd Bank Personal Loan process. We have covered all possible charges for your loan requirements for clear visibility on IndusInd Bank Personal Loan processing.
| IndusInd Bank Personal Loan | Details |
|---|---|
| Co-Applicant Allow | No |
| Income Criteria | Yes |
| Collateral Requirement | No |
| Pre Approved Credit Limit | NA |
| Foreclouser Charges | 4% of the principal outstanding |
| Loan Foreclouser Conditions | Salaried: After repayment of 12 EMIs. Self Employed: After repayment of 6 EMIs |
| Bounce Charges | Rs 450/- plus taxes per event |
| Bounce Charges Self Employed | Rs 450/- plus taxes per event |
| Late Payment Penalty | Rs 150/- plus taxes, Per EMI delay beyond 5 days |
| Duplicate NOC Charges | Rs 250/- plus taxes per event |
| Stamp Duty Charges | As per State Laws |
| Instrument Swapping Charges | Rs 500/- plus taxes per event |
| Loan Cancellation Charges | Rs 1000/- plus taxes per event |
| Stamp Duty Charges | As per State Laws |
| Loan Rebooking Charges | Rs 1000/- plus taxes per event |
| Statement Of Account Charges | Rs 250/- plus taxes per event |
| Duplicate Repayment Schedule | Rs 250/- plus taxes per eve |
| EMI Payment Mode | Standing Instruction (SI), Electronic Clearing Service, Post-dated cheque |
| Overdue Payment Mode | NA |
| Hidden Charges | NA |
In this section we have listed all important links related to IndusInd Bank Personal Loan.
| IndusInd Bank Personal Loan | Details |
|---|---|
| Banks | NA |
| Charges Information | Link |
| Personal Loan Eligibility Calculator Link | NA |
| Personal Loan EMI Calculator Link | Personal Loan EMI Calculator Link |
| Education Loan EMI Calculator Link | NA |
| Car Loan EMI Calculator Link | NA |
| Product Demo Link | NA |
| Website Link | Website Link |
| Android App Downlaod Link | Android Mobile App Download |
| iOS App Downlaod Link | iOS Mobile App Downlaod |
For new customers:
For existing customers:
Please find below the list of documents required to avail personal loan. Aadhar, PAN and Income Proof are the most important documents, other documents are optional. The complete list of documents you can keep ready for your loan application.
| IndusInd Bank Personal Loan | Details |
|---|---|
| Age Proof | Copy of Passport/Driving License/Aadhar Card |
| Address Proof | Copy of Passport/Driving License/Aadhar Card/Voter ID/Ration Card |
| Identity Proof | Registered Rent Agreement/Utility Bills last 3 months/Copy of Passport/Copy of Ration card |
| Income Proof for Salaried Emp | Salary slip of last 3-6 months, ITR or Form 16, 6 month bank statement |
| Income Proof for Self Emp | IT returns for the last 2 years along with audited balance sheet, P&L account statement for 2 years |
Last Updated on 2020-05-21T03:53:28+00:00
Yes, you can easily schedule repayment of IndusInd Bank personal loan by filling up the physical form visiting its nearby branch. Your repayment schedule will be applicable from the next month.
