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
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.1,000 Amazon voucher free
    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 "Pretty good" by 763 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
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a good experience with Indusind Bank for the personal loan. I did not face any problems to get the loan. It took around a week and the disbursement was as needed. I guess the rate of interest was around 10.5% and processing fees is around 1K.
      Was this review helpful? 0
      , panchkula
      Reviewed on Nov 21, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with IndusInd bank. They collected the documents by next day which was a very smooth process and within 3 to 4 working days my personal loan got approved and disbursed. They offered me the loan with 15.5% as rate of interest and the processing fees was 1% plus service tax normal and also part payment is available.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      There was a major delay on the documentation collection apart from this everything was fine. There is no much difference on the interest rate. I got 49K after the processing fee deduction. I would appreciate if it could be much better on process wise. The payment goes through ECS every month.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with Indusind Bank and the process to get this loan was good. They were quick and the disbursement was on time too. I am also comfortable with the rate of interest and processing charges. The after loan services is overall good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got around Rs,50,000 personal loan from Indus ind. I got this loan around 3 years ago, The customer support was average with Indus ind bank, they need to improve with their response. The rate of interest and the charges are nominal with Indus ind bank personal loans.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Simple, responsive and timely"
      0.5 5.0/5 "Blown Away!"
      It was more of a take over from my existing bank, I was doing a check on my eligibility online, I was provided many options and the best was Indusind as the rate of interest was very much competitive, everything was on place expect for the delay from my side. The best part being initially, they sanctioned a lesser loan amount and therefore I rejected the application and the deal stopped. However they themselves called up to check whether i am interested or not, at that time I took some time to think around 10 days and finally gave my consent to them. INDUSIND was Spontaneous and kind enough in proceeding further with the loan process without any hesitation, in the next few days my loan was disbursed and that part impressed me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • IndusInd Bank Personal Loan
      "Personal loan with INDUSIND BANK"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from INDUSIND BANK. The approved loan amount was 4 lakhs.The rate of interest with the bank is 17 percentage. The monthly EMI comes around 14218. The tenure with the bank is for 36 months. The even have pre closure facility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 09, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      To begin with, I would say the Customer service was a good one with the Indusind bank for the personal loan. I would like to say that the response was also good one for me with the Indusind bank and the loan amount got disbursed in less than ten days of time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 09, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Customer service and other things are good one with the Indusind bank for the personal loan. I am happy with the Indusind bank, also am really happy with them. I don't have any issues on it. On the other hand, disbursement happened on time...
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Decent experience"
      0.5 4.0/5 "Great!"
      It was a decent experience I had with Indusind Bank, they called me up and gave me good amount information required for me. The only reason I opted out of the offer was that I had got the Loan elsewhere. I felt their Rate of Interest also was alright.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Indusind bank.The loan amount is 1 lakh.Rate of interest is high as compared to others.I did not submit documents,closed it because of the high interest rate otherwise the bank is good to approach.The banks website is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Customer's Friendly"
      0.5 5.0/5 "Blown Away!"
      Indusind gave me 11% of interest for the personal loan, I am very much satisfied with their interest. Their service is very excellent, I took the loan of Rs.12 lakhs for the tenure of five year. Bank have taken Rs.2.80 lakhs to do balance transfer in HDFC bank. Apart from that they taken minimal charges around Rs.1000 its really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "More than satisfactory"
      0.5 4.0/5 "Great!"
      Indusind Bank was good and professional in their customer services. I have taken a personal loan and I got the loan in three days. The documents was collected within a day. The rate of interest was of 11.9% and the processing charges and insurance fee was there which is normal at every bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2017
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Indusind bank gave me 11.4% of interest but Bajaj finserv offering me 9.6% on personal loan. But Indusind bank charges are nominal, I took the personal loan of Rs.10 lakhs, but amount credited around Rs.9.93 lakhs after the reduction, they gave me tenure period of five years. They do have preclosure option but 4% of charges applicable but executive communicated me it was zero charges.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 31, 2017
    • IndusInd Bank Personal Loan
      "Unhappy"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with Indusind bank but the application did not proceed I was not given any information on the status of the application and no calls were made till date to confirm the reason why the application did not proceed. It was not a good experience with them.
      Was this review helpful? 0
      , ghaziabad
      Reviewed on Oct 30, 2017
    • IndusInd Bank Personal Loan
      "Good bank"
      0.5 4.0/5 "Great!"
      I was looking for a personal loan for 50000.So i gave a personal loan application with INDUSIND BANK. Later i got the money from my own source so later i had no requirement so i changed my plan of taking the loan from INDUSIND BANK.In future if i am planning to take loan then i will definitely consider this bank.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 28, 2017
    • IndusInd Bank Personal Loan
      "Need proper update"
      0.5 1.0/5 "Really Bad"
      I had applied for a personal loan with IndusInd Bank through online channel. They didn't not gave me proper response, not even a single call from them till today. I would appreciate, if they call the customer and say whether I am eligible for a loan or not? No idea about the interest rate.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 27, 2017
    • IndusInd Bank Personal Loan
      "It should be convenient"
      0.5 1.0/5 "Really Bad"
      I don't have any issues with Indusind Bank, they have contacted me regarding the loan process. But they told will check the credit score and get back then there was no response. I hope my credit score was not upto the mark. However it may be they should communicate with the customer.
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 27, 2017
    • IndusInd Bank Personal Loan
      "High rate of interest"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from INDUSIND BANK.The disbursed loan amount was about 60000 with a rate of interest 13%. The interest rate seems much high for 60 thousand.The monthly EMI is 2800 for 3 years. If any one who is looking out for a personal loan i can refer this bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 26, 2017
    • IndusInd Bank Personal Loan
      "Happy with the services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from Indusind Bank and they have been very proactive in their services. They were very much supportive too. The interest rate and processing charges was normal. I was okay with them. I got a rate of around 12%. The after loan services are good too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 26, 2017
    Common Loader Icon
     Loading your search... Loading your search...
  • reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.