Multiple banks. Different interest rates. Call it a "conflict of interest".
  • loading

    We found 1 IndusInd Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11% - 16% Fixed
    0 Bankbazaar Exclusive
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    100% PAPERLESS APPROVAL
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    IndusInd Personal Loan Eligibility Calculator is Rated as "Great!" by 849 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    Personal Loan Reviews

    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from IndusInd bank, it was good experience. The interest rate was @ par with the market rate. , I got the loan amount 25 days. They have given me a insurance policy with the loan for a price. They need to process applications more quickly.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 14, 2018
    • IndusInd Bank Personal Loan
      "AVERAGE SERVICE"
      0.5 2.0/5 "Expected more"
      This loan is taken for 3 years period, as the rate of interest is little high , planned to preclose it but they have informed me that it can be done only after 1 year not before that, already 3 EMIs over, remaining will get auto debited from my account.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Aug 13, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with INDUSIND BANK. I had a very good experience here and i have taken 63,0000 loan amount . The given interest rate was very satisfactory and the tenure period was3 years . The loan was approved on time and there is no processing fee here.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 10, 2018
    • IndusInd Bank Personal Loan
      "Not happy"
      0.5 2.5/5 "Just OK"
      I have taken a personal loan from IndusInd bank, but it took lot of time for them to approve the loan amount, there was no proper communication between the bank and myself and it was completely difficult to get in touch with them to know the updates. The rate of interest they have charges is OK but I was happy as it got delayed.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 31, 2018
    • IndusInd Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had got a good offer with them and i went in choosing to go with them. For closing the past loan and add the top up loan i had to visit the branch and do all the formalities and paper works, it would have been good if there was been some easy way. The loan amount which they had provided had been good as well as the interest rate with them also had been nominal.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 26, 2018
    • IndusInd Bank Personal Loan
      "Best service"
      0.5 4.0/5 "Great!"
      I have taken personal loan from the Indusind bank. Am satisfied with the rate of interest which they have provided is nominal one . Processing fees is nominal one . They charged for processing fees with the tenure period of 12 months . Am overall satisfied with their customer service and response.
      Was this review helpful? 2
      , new delhi
      Reviewed on Jul 25, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have my personal loan application approved with IndusInd bank and the experience was good. The process was smooth and i the loan amount was disbursed within 7-10 days. The loan amount is for Rs 3.5 lakhs for 3 years and the rate of interest was nominal . Customer service was good and they collected documents on time.
      Was this review helpful? 4
      , mumbai
      Reviewed on Jul 23, 2018
    • IndusInd Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience with IndusInd bank for personal loan, the loan amount was requested for Rs 4 lakhs with the tenure period of 2 years. The rate of interest is nominal when compared to other banks. Documents were collected on time and the customer service was good.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jul 23, 2018
    • IndusInd Bank Personal Loan
      "Very good"
      0.5 4.0/5 "Great!"
      My personal loan was taken with INDUSIND BANK. The process was quite good and i have taken 85,000. The given interest rate was satisfactory and the EMI period was good. I had a very good loan process . It was a paperless process most of the time and the executives were helpful also. They have provides door step service for collecting documents . They were very cooperative and there are no processing fee for the same.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jul 21, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND bank . The loan amount was 2 lakhs and the EMI period was 2 years . The interest rate was satisfactory but it was not paperless process and they have taken much time for processing itself .The customer service and responses was not good but there is no processing fee here.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 20, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with INDUSIND bank . The loan amount was 5 lakhs and the interest rate was very satisfactory and the tenure period was 4 years . I had an excellent process here . There is no processing fee which is quite satisfactory and its a completely paperless process. The customer service and responses was amazing . They have provided door step service for collecting documents. There are no complications faced till date.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jul 20, 2018
    • IndusInd Bank Personal Loan
      "They have to help the needy people"
      0.5 1.5/5 "Bad"
      They rejected the personal loan and the reason being components of salary. they are not charging for provident fund. I have applied the loan amount of 7 lakhs and now I'm not interested to take that loan anymore. I never called their customer care services. The documentation process is okay. I never visited the branch and through online only i have applied the loan. They have offered me interest rate of around 13%. They did not inform the proper procedure of applying for the loan too.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 10, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My credit card n was taken with INDUSIND bank. The credit limit was 50,000 which is not satisfactory . The customer service and responses was good. I hold aura edge card and the benefits re reward points . Its a life time free card .My overall experience was very good.
      Was this review helpful? 2
      , noida
      Reviewed on Jul 03, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, the over all process that took place was nice, it did not take much time, and the processing of the application was done on time. I received good customer service and response as well their rate of interest is also OK I have no issues with it.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have a personal loan taken from IndusInd Bank, the over all process took 7 days which is OK. I am quite satisfied with how the process took place, hey provided good customer service and help. The rate of interest they have charged is also fine. I am satisfied with the loan process that took place from IndusInd bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, the rate of interest they have charged on the loan amount is Rs. 13% which is quite normal for me and they have charged me .56% processing fee on the loan amount. Over all experience was good, I received the amount on time and I am quite happy with it.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan for the sons education and the process in getting the loan has been easy and smooth. The loan amount which they had given has been satisfactory and there has not been any issues faced with them so far. There has not been any kind of processing fee which they had charged and it has been good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from IndusInd bank, i applied for Rs. 5,00,000 but I ended up receiving Rs. 3,30,000, I was told I will be getting for 12 % interest rate but bank charged me 13%. There was an issue that happened bank credit more amount by mistake due to which there were many complications related to that they had to put on savings account on hold and re collect all the documents, but I received help from a representative to solve the issue.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with IndusInd bank and my loan experience was good, the loan amount was for Rs 1.7 lakhs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 28, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is around 14.25% for the personal loan with the Indusind bank and the response is very good and also am very happy with them till now. Everything is good one with the Indusind bank and I dont have any issues with the Indusind bank personal loan.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 28, 2018
    Common Loader Icon
    Loading your search...
    Close

    Compare, check your eligibility and apply online instantly.

  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.