Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 IndusInd Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.99% - 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 666 Users

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    About IndusInd Bank 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
    Indusind Bank Personal Loan Offers

    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
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with Indusind Bank and the customer services are perfect. I got the loan without any delay and the documentation was also nominal. The executive came over and collected my papers and I got updates as well. Just that the bank is high on the interest rate and charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 23, 2017
    • IndusInd Bank Personal Loan
      "Good Experience"
      0.5 5.0/5 "Blown Away!"
      Indusind is a client friendly bank, they had taken only three days to complete the entire loan process. I am an existing customer of Indusind hence documentation process was made simple. I had applied for the amount around 4.02 lakhs and it got disbursement to my account Rs. 4 lakhs, processing fee is also less when compared with CITI Bank.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 23, 2017
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      I changed my mind hence I didn't take loan from Indusind. I don't have any issues with them, but I felt their interest rate is too high, they was offering me 16 to 17% of interest and with high processing fee around Rs. 19,000 for 4 lakhs of loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      Indusind executive did not respond well on the loan process, initially they have called me but not collected any documents and there was no response from the bank end. I am not happy with their service finally my loan application got rejected.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      Indusind bank was very responsive when I approached them for the personal loan. But my housing loan is already running with other bank and 50% of my salary will be debited for the same. Hence the bank could not provide the loan. But I got excellent service from Indusind bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      Initially INDUSIND was ready to offer me the loan for 18% and finally after the bargain they had offered 12% interest rate, which is very best interest rate which I got from Indusind. They took around 10 days to disburse my personal loan. The customer service and the response was good with INDUS IND. What ever loan amount I had applied, I had got it from Indusind bank, so I am happy with the loan amount too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 17, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The process was good with INDUS IND in concern to my personal loan application. They took around 1 week to disburse my loan. The rate of interest is high when compared with other banks. Initially they told 18% after bargaining I got the loan for 15 % as the interest rate. I am happy about the loan amount, but I am not satisfied with the interest rate offered by them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2017
    • IndusInd Bank Personal Loan
      "Good Response"
      0.5 3.5/5 "Pretty good"
      I made an inquiry with Indusind bank for the personal loan. Even I applied for the loan as well. They promptly responded for my loan application. I had received call from Indusind and they were asking form 16 for further process but I do not have form 16 so I just dropped my plan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank was ready to provide the personal loan for five to six lakhs. Actually I requirement was ten lakhs but the bank offered only six lakhs. Hence I could not continue the loan process with Indusind. But I had received good response from the bank when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "No Response"
      0.5 2.0/5 "Expected more"
      I had applied for the personal loan with Indusind bank. Actually I approached this bank through online source. But I did not receive any kind of response from the bank. They never contacted me on my application but closed it without processing.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Hassle free experience"
      0.5 5.0/5 "Blown Away!"
      The bank service was very good, they are very cooperative. I approached Indusind bank for the personal loan for my daughter studies, Their people involved and helped to get the loan faster before the time. Interest is also nominal they gave break up of the rates, that good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Inconvenient service"
      0.5 1.0/5 "Really Bad"
      I had many issues with Indusind, they didn't come to collect the documents from my place they ask me to visit to the bank. Then they did lot of verification finally they have rejected my personal loan application without giving any information. Because of this issue my credit score gone down but still they didn't return my documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      ICICI Bank is doing good in terms of personal loan They provided the funds to me on the date I required it and the funds disbursed was also to my expectations. I had applied for 2 lakhs rupees loan and received 1.6 lakhs Rate of interest they have offered is 14% and the processing fee is 1% of the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 03, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am very happy with Indusind service, I went to direct bank and got the disbursement. My loan amount was Rs.3.5 lakhs for the tenure of the four years. They gave me fixed interest rate of 15.5% and they provided balance transfer its good. I am very satisfied with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Be more flexible in the document process"
      0.5 2.0/5 "Expected more"
      Indusind Bank was not flexible on the documentation part for the personal loan. They were wanting the offer letter of the earlier company and not the current company. I do not think it is required. They could have accepted my experience letter at least.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Its Fine"
      0.5 3.0/5 "Satisfactory"
      My application was rejected by Indusind, they told me that I had applied for the loan through another different bank as well. Hence they had rejected the application but Indusind response is good, they helped me on my queries. Even interest rate is very much nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I was in a need of 5 lakhs but Indusind bank provides lesser loan amount with high interest rate which is 17% for the personal loan. Even I did not receive proper response from the bank. Hence I had not accepted the loan from Indusind and moved over to the other banks and got the loan as per my requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I was getting a good salary but my pay won't credit through my account, my company provide by cash, hence Indusind rejected my loan application, as per their bank norms. Therefore I couldn't take personal loan from them. Their service is good and interest rate was also reasonable.
      Was this review helpful? 0
      , surat
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Initially I arranged for the personal loan with Indusind bank but later I am not interested to avail the loan from the bank but somehow I arranged the money from other source so I did not process my loan application with Indusind bank. But the bank was very prompt in responding and they were good in all the aspects like interest rate, processing fees and the customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 29, 2017
    • IndusInd Bank Personal Loan
      "They Should Bring New Ideas"
      0.5 1.0/5 "Really Bad"
      I have few other loans are running , hence when I gave loan request to Indusind, however they have rejected it. But I am a prompt payer, I could track my record and process the loan. Indusind not potential to get the customer inside as they dont provide praactive customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
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