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    We found 1 IndusInd Personal Loan Eligibility Calculator
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    11% - 16% Fixed
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    25L Max
    1-5 years
    Response Time : Within 30 minutes
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    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 801 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.

    Personal Loan Reviews

    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND BANK. They have rejected the application. They have collected all the documents. The customer service and responses was very good. I was looking for 3 lakhs and the interest rate .My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 20, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My personal loan was taken wit INDUSIND bank. The loan amount was 3 lakhs and the interest rate was 12% which is bit high . The customer service and responses was good. There is no processing fee and the tenrue period was 2 years.My experience with Indusind was not all good.
      Was this review helpful? 0
      , chennai
      Reviewed on May 20, 2018
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      The Indus ind bank gave me good response in regards to my personal loan application. They took around a week time to disburse the loan amount. The customer support service and the response is good from the Indus ind bank. The rate of interest and the charges are average when compared with other banks.
      Was this review helpful? 0
      , pune
      Reviewed on May 16, 2018
    • IndusInd Bank Personal Loan
      "Very good service "
      0.5 4.0/5 "Great!"
      I have closed the personal loan application with the Indus ind bank, because I have got the other loan from different bank so that was the reason I haven;t got the loan from the Indus ind bank . Moreover the rate of interest which I have got was low when compared with Indus ind bank.
      Was this review helpful? 0
      , chennai
      Reviewed on May 16, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for the personal loan to the Indus ind bank , but I haven't got the loan from them because within the Indus ind the time Indus ind process loan , I have got the loan from the other bank so that was the reason I haven't got the loan from the Indus ind bank.
      Was this review helpful? 0
      , visakhapatnam
      Reviewed on May 11, 2018
    • IndusInd Bank Personal Loan
      "Need improvement in documentation process"
      0.5 2.0/5 "Expected more"
      The Indus ind bank is asking for all kind of documents to process the personal loan and when I have applied for the loan they have asked me to submit the bank statements, rental agreement , form 16 and for other documents. The documentation process need to be customer oriented from the Indus ind bank.
      Was this review helpful? 0
      , pune
      Reviewed on May 10, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I had a plan to taken my personal loan with INDUSIND BANK. They did not approve the loan and they did not tell the reason also. I was about to take 8-10 lakhs and the given interest rate was 15% which is bit high . The customer service and was good but there was no response at all.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 08, 2018
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I took a INDUSIND BANK LTDPersonal Loan for 3 Lakhs for my home renovation. Their Interest rate is okay. The loan was disbursed with in two weeks and the processing was hassle free. Over all the whole application process was easy. I am happy with their services.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 05, 2018
    • IndusInd Bank Personal Loan
      "Priority Customer Support and great service"
      0.5 5.0/5 "Blown Away!"
      IndusInd bank offered me a personal loan of 225000 and the rate of interest was 1.5% and the Charges were fine. There was no need to submit any documents. They tracked my transactions and approved the loan with out any delays. Overall their service is proactive and customer friendly.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 26, 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 2.5 lakhs and the interest rate was 16% which is high and the tenure period was 48 months. They haves sanctioned the loan with the committed time and the loan was approved on time.My experience was really good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 21, 2018
    • IndusInd Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      I had applied for the personal loan with the Indus ind bank around 2 months ago, but I have never got any response from the Indus ind bank in regards to my personal loan application. The customer support service and the response need to be quick and fast from the Indus ind bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 18, 2018
    • IndusInd Bank Personal Loan
      "Need Improvement"
      0.5 3.0/5 "Satisfactory"
      I have inquired about the personal loan with the Indus ind bank ,I personally visited the Indus ind bank for the loan , but they have told that they can't reduce the rate of interest and so that was the reason I haven't got the personal loan from the Indus ind bank.
      Was this review helpful? 0
      , jaipur
      Reviewed on Apr 18, 2018
    • IndusInd Bank Personal Loan
      "Overall good."
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Indusind bank and the experience was good. I got the loan within ten days. There was no processing fee but there was a insurance fee taken. The rate of interest is also 12.5% which is on the higher side. Else it was good overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 16, 2018
    • IndusInd Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience was very good with IndusInd bank, the follow up was done on time and the documents were collected door step. The loan amount was for Rs 7 lakhs for 5 years with nominal interest rate when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 16, 2018
    • IndusInd Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan approved with IndusInd bank and the experience was good, the process was smooth and i received my loan amount within 3-4 days. The loan amount was for Rs 9.28 lakhs with nominal interest rate for 4 years. Customer service was better and they responded on time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Apr 16, 2018
    • IndusInd Bank Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with Indusind bank and the banking services are good. There are no hassles in the process as my documents was collected on time. The rate of interest was of 11% and there were no processing charges. In all the experience is satisfactory.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 14, 2018
    • IndusInd Bank Personal Loan
      "Below average service "
      0.5 1.0/5 "Really Bad"
      I have applied for the personal loan from Indus ind bank. The customer support service is not up the mark and the professionalism is not seen here. The Indus ind bank has cancelled my personal application saying that I haven't met their bank criteria.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2018
    • IndusInd Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Recently INDUSIND BANK LTD has offered me a personal loan around 10 months ago. The customer support service is good with the Indus ind bank, they give good response to the customers. The rate of interest and the charges are average with the Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 31, 2018
    • IndusInd Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      The overall loan service was good with the Indus ind bank. They have disbursed the loan amount within the promised time. The customer support service and the response is good from the Indus ind bank. The rate of interest and the charges are low with the Indus ind.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Mar 26, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have got the personal loan from the Indus ind bank. around a year ago. The customer support service is good with the Indus ind bank and they gave me better response in regards to my personal loan application. The rate of interest and the charges are average here.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 28, 2018
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