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    We found 1 IndusInd Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
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    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 700 Users

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    About IndusInd Bank Personal Loan

    Apply for Personal Loan

    IndusInd Bank personal loans are ideal for large expenses that your savings can’t meet. Acquiring that expensive product or renovating your home, paying for child’s marriage or education has never been easier. Personal loans from IndusInd Bank can be acquired with a very easy application process, they come at low interest rates and can be paid off in tenures from 1 to 5 years depending on your personal requirement.

    IndusInd Bank Personal Loan Eligibility for Salaried and Self-employed Applicants

    Particulars Salaried Self-employed
    Age (Min-Max) 21 to 60 years 25 to 65 years
    Income Rs.25,000 per month (minimum) Rs.4.8 lakhs p.a. (post tax)
    Guarantor Not required Not required
    CIBIL Score 650 (minimum) 650 (minimum)
    Minimum Loan Amount Rs.50,000 Rs.50,000
    Maximum Loan Amount Rs.15 lakhs Rs.15 lakhs
    Minimum Loan Tenure 1 year 1 year
    Maximum Loan Tenure 5 years 5 years
    Interest Rate 11.25% onwards 11.25% onwards
    Processing Fee Up to 2.5% + Tax Up to 2.5% + Tax
    Prepayment Charge After 12 EMIs, 4% of principal outstanding + Service Tax After 6 EMIs, 4% of principal outstanding + Service Tax

    Factors affecting Eligibility of IndusInd Bank Personal Loans

    IndusInd Bank, like other banks, gauge eligibility on the basis of applicants’ ability to repay the loan. Some factors that affect a person’s eligibility are:

    • City of residence. Getting loan sanctioned in a metro city like Bangalore, Chennai, Mumbai or Delhi is easier than in other cities.
    • Income. The more you earn, the more you can repay. Hence, the higher your income, the higher the amount that can be budgeted towards EMI for repayment.
    • Your age. Younger applicants are risky candidates, as young salaried people shift jobs often to exploit opportunities. Older and more experienced applicants are viewed as safer bets.
    • Type of employment. Salaried people get regular incomes on fixed dates and can have EMIs due deducted directly from their salary accounts as and when they get paid. Self-employed people rely on the demand for their products or services in order to earn an income. This income is usually inconsistent and seasonal, and may not be enough to pay off the EMIs.
    • Employment status. It takes a while for young salaried people to find a comfortable job that takes care of all their needs – once you find that stable job, you’re most eligible for an IndusInd Bank personal loan. It helps if you’ve been employed for a few years in the same company.
    • Residence type. Applicants living in rented houses must pay an amount of their salary as rent, lowering the disposable income left over to pay EMIs. Also, it’s easier for a person living in a rented place to abscond in case they feel they cannot keep up with EMI payments. Applicants living in owned properties are more likely to get loans approved, and on better terms as they pay no rent, and have a greater amount of idle income to divert towards EMIs. The bank will also have the security of a definite location to find them in case they default.
    • Duration of residence in application location. The longer you’ve been living in a certain place, the higher are the chances of getting a personal loan approved on your terms. IndusInd Bank gives more preference to applicants who’ve lived in the city for longer, as it’s a sign of stability.

    How does CIBIL score affect your IndusInd Bank Personal Loan Eligibility?

    • Score: When taking a personal loan from IndusInd Bank, a CIBIL score over 750 will ensure your eligibility. But if you want to increase your eligibility, scores closer to 900 will increase IndusInd Banks confidence in your ability to repay your loan.
    • Loan ratio and borrowing pattern: A ratio that shows you’ve taken more secured loans than unsecured loans will work in your favour.
    • Repayment history: Your previous loan and credit card repayment history will also play an important role in instilling confidence in IndusInd Bank that you will repay your personal loan.
    • Settlement history: If you’ve been unable to repay your debts / loans and have arranged for a settlements with lenders, IndusInd and other lenders will consider this behaviour and will reduce your Personal loan eligibility.

    How to increase INDUSIND Bank Personal Loan Eligibility?

    • Maintain a good mix of secured and unsecured loans. Secured loans are looked at more favourably than unsecured ones. More secured loans in your borrowing history increases your eligibility.
    • Maintain a clean credit history. Clearing your debt on time and on the terms you’ve agreed on with the lender increases your CIBIL score – and eligibility.
    • Prepayment. Settling existing loans before taking on new ones is the way to go – and banks see it this way too, as it directly increases your eligibility.
    • Don’t overleverage yourself. Taking multiple loans and paying off multiple EMIs can be troubling and will leave you with no adequate funds to take care of your livelihood. Banks will not lend to those who already have 2 – 3 loans being paid off with monthly EMIs. Having more than two active loans lowers your eligibility considerably.
    • Lower EMIs on exiting loans. Reducing EMIs on existing loans by extending the term is a way to free up more money on a monthly basis, which can be redirected towards paying off EMIs on your new IndusInd personal loan.

    FAQs on IndusInd Bank Personal Loan Eligibility

    Q. What are the age limits for individuals who wish to get a personal loan from IndusInd Bank?

    A. For salaried individuals and professionals: Between 21 years and 60 years of age.

    For self-employed people: Between 25 years and 65 years of age.

    Q. What is the level of work experience required for salaried individuals who wish to take an IndusInd Bank personal loan?

    A. Applicants must have been employed for a minimum total of 2 years and at least 1 year with the current employer.

    Q. What is the income requirement for people who wish to take an IndusInd Bank personal loan?

    A. For salaried individuals and professionals: Minimum net monthly income should be Rs.25,000.

    For self-employed individuals: Minimum annual income of Rs.4,80,000 (after tax).

    Q. Is there any collateral or guarantor required for IndusInd Bank personal loans?

    A. No, there is no security, collateral or guarantor required to avail a personal loan from IndusInd Bank.

    Q. What is the maximum loan amount that can be sanctioned through INDUSIND Bank personal loans?

    A. Loans are sanctioned up to Rs.15,00,000.

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  • Personal Loan Reviews

    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Indus Ind bank customer service told that my profile haven't met their loan eligibility criteria., The service which was given by Indus ind was good,. The rate of interest was high when compared with HDB financial service. I got an average service from Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 18, 2017
    • IndusInd Bank Personal Loan
      "Simply Good"
      0.5 5.0/5 "Blown Away!"
      Indusind bank had processed my loan application properly. I am satisfied with the interest rate and their involvement was really good during the process. I got the personal loan without any hassles from the bank side. In all it is simply good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Hassle free and customer friendly"
      0.5 5.0/5 "Blown Away!"
      I had very good experience with Indusind, they have processed the personal loan within a week, Documentation process was quite good. Interest rate was also nominal as per other banks. Service is also extra ordinary within the time limit they done the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Not Interested"
      0.5 1.0/5 "Really Bad"
      Same thing happend to me when I applied for the personal loan with Indusind bank. First time when I applied for the credit card, I had received no response from the bank. I thought they would respond me this time for the personal loan but again got no response. Totally disappointed and not interested in Indusind bank anymore.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      Indus ind Bank was not flexible on the documentation part for the personal loan the bank demanded certain documents which I had already submitted via online. First of all I applied for 65 thousand they have charged 2500 as processing fee and charge and after applying the loan it got delayed very much and I received the same after three weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      Personal loan process was bit delayed from Indusind bank. As per the norms the loan process should be completed in three to four days but they took nearly ten to eleven days for the completion. Customer service is a kind of ok. And overall the service is average.
      Was this review helpful? 0
      , delhi
      Reviewed on Aug 14, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 4.0/5 "Great!"
      I had planned to take personal loan for my marriage but it got postponed, hence I am planning to take the loan later from Indusind bank. But I was not happy with them, as they insisted me to take personal loan from them however I am not fine with that part.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • IndusInd Bank Personal Loan
      "Nice Service"
      0.5 4.0/5 "Great!"
      When I was planning to get the personal loan, first I approached HDFC bank through online source but the bank services are not satisfactory. Therefore I directly approached Indusind bank and I got the loan too. The rate of interest is lower than the other bank which is of 11%. Moreover I had received the loan on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • IndusInd Bank Personal Loan
      "Loan process should be flexible"
      0.5 3.0/5 "Satisfactory"
      My salary criteria was not met with Indusind bank norms, Finally I got a call from them, they said I am not eligible to take loan from them. Because I was getting salary of Rs.25,000 its not sufficient to take 1 lakh. Hence I dropped the plan to avail from it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 10, 2017
    • IndusInd Bank Personal Loan
      "Its okay"
      0.5 4.0/5 "Great!"
      Nothing much to talk about INDUSIND due to cibil issues I was unable to take the personal loan. Unable to recall the service offered by INDUSIND because it happened some time back. I am happy with the interest rate and processing fee charged by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Indusind bank has disbursed my personal loan within 8 days of time. The customer service and the response with Indusind is good. The rate of interest is 12% Compare to other banks it is normal. The required loan amount was disbursed on time and I am happy in fact with the loan amount offered by them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
    • IndusInd Bank Personal Loan
      "Charges are high"
      0.5 5.0/5 "Blown Away!"
      I had received a fair service from Indusind bank for the personal loan. Interest rate is ok but they did not reduce it, they could have been reduced. Also the foreclosure charges are high so it should be reduced. Other than that, I never interacted with customer support executive. Overall process went good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 05, 2017
    • IndusInd Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks the Interest rate is reasonable with Indus ind Personal loan concern but the processing fee is very less when compared with other banks. Within 2 weeks of time they have disbursed my personal loan. The customer service and the response is very good with Indus ind bank . I am satisfied and happy about the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 03, 2017
    • IndusInd Bank Personal Loan
      "Fantastic"
      0.5 4.0/5 "Great!"
      My experience was really nice with the Indusind bank for the personal loan. The loan amount got disbursed within seven days of time. Response is a fine one and the processing charges got waived off, but it is inclusive of insurance amount too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 02, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Indusind bank has disbursed my personal loan within 8 to 10 days of time. The customer service and the response with Indusind is good. The rate of interest is high when compared with others. The required loan amount was disbursed on time and I am happy in fact with the loan amount offered by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 02, 2017
    • IndusInd Bank Personal Loan
      "Pre-closure"
      0.5 0.5/5 "Unacceptable"
      Indus-ind is a stupid bank with bunch of unprofessional s working, they had approved my loan without my permission and charging the foreclosure to close out the loan. I do not recommend anyone to be part of this Stupid bank and suggest blocking the calls from this bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 27, 2017
    • IndusInd Bank Personal Loan
      "Good Response"
      0.5 5.0/5 "Blown Away!"
      I preferred Indusind bank for the personal loan, hence I applied for the loan through third party online source. But I just postponed my plan so I did not take the loan. I had received good response and service from the bank for my loan application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jul 25, 2017
    • IndusInd Bank Personal Loan
      "Average"
      0.5 2.5/5 "Just OK"
      Indusind Bank confirmed that they were unable to give the personal loan because of my credit score and it was not matching the bank norms. The response was on time to give me these details. The interest rate and charges were very much normal. But the bank is recommended only if it is flexible,.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 23, 2017
    • IndusInd Bank Personal Loan
      "Be Responsive"
      0.5 3.5/5 "Pretty good"
      Indusind bank said that cannot provide the loan since my company is in C category. They told this and closed the call. But they did not provide alternate solutions. Actually I approached them for the personal loan, but they were not helpful. If they provide any alternate solution or suggestions, it would be helpful to the customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • IndusInd Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have submitted all my documents to the bank along with my signature but Indusind person said they would be coming to get sign in agreement but no body revert back. I don't have any contact number to reach them. I didn't get any mail why my loan application got closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 12, 2017
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