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    We found 1 IndusInd Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
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    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
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    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 713 Users

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    IndusInd Personal Loan Eligibility Calculator

    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
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Indusind bank. The process was easy and the documentation was also a simple process. The interest rate was around 12% and processing charges is also normal. The after loan services is good and with ease the whole process was done.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • IndusInd Bank Personal Loan
      "Service part should be improved"
      0.5 1.0/5 "Really Bad"
      Indusind bank executive called me and requested for bank statement and pay slip. Then the confirmed about my salary date, I informed my salary date is not constant it would get change every month. Hence the executive said me couldn't process my loan , I would like to suggest them. First they should collect customer documents, after verifying only they should close the application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • IndusInd Bank Personal Loan
      "They need to update the application"
      0.5 2.5/5 "Just OK"
      Once I logged in their Indusind netbanking, to see my personal loan details it was not updated. when I contacted the bank customer service, they said that option was not available currently. It would be great if they improve their online feature, Indusind loan process was also average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The promises need to be fulfilled by the Indus ind bank. Initially they gave a call and explained me about the product and they told they can fix an appointment to collect the document but no one turned up , The transparency is needed in the loan process. The rate of interest was nominal when compared with other banks. The status of the product need to be informed to the customers.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I haven't received personal loan from Indus ind, because I have got the loan from TATA CAPITAL ,I found TATA capital gives best offer than Indus ind, so that was the reason I haven't proceed with INDUS Ind bank personal loan. The rate of interest is nominal with Indus ind when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      On 23rd July only my company completed one year hence all bank have rejected my loan application. Therefore I decided not to go with Indusind because my company name was not listed in any of the bank. Hence I closed my application, but Indusind is good, each and everything is good with INDUSIND.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Very professional"
      0.5 5.0/5 "Blown Away!"
      I had no challenges with Indusind bank for the personal loan process. Indusind bank people are very professional and they have completed the loan process promptly. But interest rate could be little lesser than this but it is ok and I have no issues on that. I really appreciate the service provided by them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 07, 2017
    • IndusInd Bank Personal Loan
      "Fanstastic"
      0.5 4.0/5 "Great!"
      INDUS Ind bank personal loan process was a kind of okay, the time scales taken to process the loan was around 25 days. Verification process was very much tedious. Interest rate offered by them was around 16% I had no other option therefore I had accepted that. However I was looking out for a rate of 13% to 14%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 28, 2017
    • IndusInd Bank Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I have got the personal loan with the Indusind bank and the interest rate is around 19%. Customer service is not really a good one like they will not take care of the customer in proper way. Response is also not really a fine one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 26, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The Indus Ind bank took about 2 week time to disburse my personal loan. Indus ind executive took personal care and he was very prompt in his service. The rate of interest is nominal with Indus ind. It was a pre-apporved loan they have disbursed it within the time period.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 24, 2017
    • IndusInd Bank Personal Loan
      "Delayed service with unprofessional behaviour"
      0.5 3.0/5 "Satisfactory"
      There was no challenges with Indusind bank for my personal loan service. But the bank is very slow in process. They had taken around 12 days to disburse the loan post approval. Even on emi payment, my emi date is 4th Aug. I got the call from the bank and they told me that they will send the executive to collect the payment in an unprofessional tone. I just told them that I made the payment and I sent the soft copy as well. They did not even regret for such a call. Moreover they collected my blank cheque, I believe no bank will collect the blank cheque but they collected mine.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Any time any one can approach INDUS IND to avail credit"
      0.5 4.0/5 "Great!"
      Everything was lined up properly expect for the foreclosure charges, what ever they are promising should be there on the paper works too so that it would be more interesting. For example, I took the personal loan through online channel. I was confirmed that I can preclose the loan any time after 12 months with zero percent interest I can pay off the loan anytime after 12 months this information was communicated to me verbally. However when I got the welcome kit I was shocked to see the terms as it was different and I have to preclose the loan after 24 months and there would be charge of 2%. Nevertheless I am happy with them as other parameters were good and I would conclude stating that any one can approach INDUSIND to avail credit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      Rate of interest was around 12% and the customer service was really quick and fast, also the response was really good one. Communication aspects are really good one with them. In future also, I would like to go ahead with them. Response is really professional one with them. The loan amount got disbursed to my account after a week of time due to some long holiday.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      Indusind bank actually did not handle the personal loan process well. It was not okay, I was told three working days before taking the loan. Finally it took ten days. Before I could submit the paper work, I received calls every day asking me when the executive could come to collect it. After I gave the documents, there were no calls and I had to follow up. Finally, I came to a stage where I said I do not want the loan. The interest rate and charges are not that great. The tenure is for two years.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • 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
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