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    IndusInd Personal Loan Eligibility Calculator

    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.1000 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 641 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

    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
      "Prompt action is necessary"
      0.5 1.5/5 "Bad"
      I have requested to the Indusind bank for the personal loan, also I have told them to contact after a month of time. Rate of interest was around 16% to 17% and the customer service was not good and I would like to suggest that they need to call the the customer on stipulated time period.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 23, 2017
    • IndusInd Bank Personal Loan
      "Not Satisfactory"
      0.5 1.0/5 "Really Bad"
      Indusind Bank contacted me initially and I was informed that the executive would come over and collect the documents for the personal loan. After which no one came over to collect the same and I got no calls as well. I assume it could be due the credit score. But it has not been a good experience.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 23, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      For the personal loan application, I did not receive any response from Indusind bank. Not even a mail from the bank so I just switched over to other bank. Earlier they provided a very good response for credit card services but when I applied for the loan, they did not respond.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 23, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 3.0/5 "Satisfactory"
      I availed personal loan from Indusind bank through online source. The process went good but not as expected. After the process, they had taken five days to disburse the loan. The rate of interest is on higher end when compared with other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on May 22, 2017
    • IndusInd Bank Personal Loan
      "Better"
      0.5 4.0/5 "Great!"
      I had a very good experience with the Indusind bank and the loan amount was lesser than I expected. Customer service is an average one with the Indusind bank. I had a couple of interactions with Indusind bank and the person who came to collect the documents did not respond properly.
      Was this review helpful? 0
      , chennai
      Reviewed on May 19, 2017
    • IndusInd Bank Personal Loan
      "Supportive Service"
      0.5 5.0/5 "Blown Away!"
      Indusind bank delivered a good response for my personal loan. I had no issues with them during the loan process. Interest rate is something normal and I am comfortable with their services in all the aspects. I got good support from Indusind bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 18, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      It was a very good experience for the personal loan with INDUSIND BANK because they contacted me on time and its a pre approved loan 2.5 laks transfer to city account and rest I have The rate of interest was around 12% and the charges was 8000 rupees. EMI is approximately 18500/- for 4 years
      Was this review helpful? 0
      , bangalore
      Reviewed on May 14, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I had a good experience with Indusind Bank for the personal loan. The services are really good and the process was in a timely manner, it was as committed by them. The rate of interest was 12.75% and The processing charges was 8000 rupees It was a very good experience overall.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 14, 2017
    • IndusInd Bank Personal Loan
      "Recommendable for those who are in need"
      0.5 4.0/5 "Great!"
      With regards to my personal loan, Indusind bank delays the process very much. They told the whole process just takes 3 days, but then Indus ind took about 10 days to disburse my personal loan. The Response part and the customer support is very good with Indusind. The promised interest rate haven't implemented. They need to stick on their promise, at-least they must have informed the customer in prior, that it is an floating interest rates. The charges are nominal with Indusind bank. Over all the service is good with Indusind bank.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 13, 2017
    • IndusInd Bank Personal Loan
      "Hassle free service"
      0.5 4.0/5 "Great!"
      Indusind interest rate is good when compared to other banks. Process was a bit slow, they said April 1st week would be getting my disbursement. But it happened around 23 april. My loan was Rs.10 lakhs with the tenure of five years and my EMI is Rs.23500. I am fine with that.
      Was this review helpful? 0
      , chennai
      Reviewed on May 12, 2017
    • IndusInd Bank Personal Loan
      "Fast Experience"
      0.5 5.0/5 "Blown Away!"
      Indusind provided clear information at initial stage about the loan process, its very fastest bank, when I have any issues with credit card, I could reach them within two minutes, that IVR system is good. I have taken the loan amount of 1.5 lakhs with 14% of interest and there was no processing fee.
      Was this review helpful? 0
      , kolkata
      Reviewed on May 11, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 4.0/5 "Great!"
      Indusind promised the interest rate would be 14% on personal loan but they were charged 18% of interest rate on my loan. I needed money urgently, hence I taken the loan with the same interest rate. My loan amount is Rs. 3 lakhs with the tenure of 48 months, I am happy with service.
      Was this review helpful? 0
      , gurgaon
      Reviewed on May 11, 2017
    • IndusInd Bank Personal Loan
      "They should be transparent and stick on their time"
      0.5 3.0/5 "Satisfactory"
      Indusind loan process was not upto the mark, they have taken 25 days to santion my personal loan. Initially they told sometime,finally I got something else. I have requested the amount of 10 lakhs but on the last moment they sanctioned the amount of Rs.5 lakhs I am very much disappointed with them and they took me some processing fee from my end.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 10, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I got the personal loan with Indus ind bank. They have made a disbursement within 10 to 15 days of time. The rate of interest is high with Indus ind in concern with personal loan. I am planning to close the loan within this year, but I am not sure whether I can pre close the loan .
      Was this review helpful? 0
      , chennai
      Reviewed on May 06, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 3.0/5 "Satisfactory"
      It was not a tough situation to deal with Indusind bank when I approached them for the personal loan. They provided a better service but I cannot say that they had provided an extraordinary service but it is good. As, I received money from private sector bank I was unable to continue with INDUSIND.
      Was this review helpful? 0
      , chennai
      Reviewed on May 04, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 3.5/5 "Pretty good"
      Indus ind Bank has not offered a convenient process for the personal loan Initially i thought of getting personal loan from this bank but the response is really bad. I received only one call from Indusind bank. After which they did not respond and I do not know the reason. Very bad experience.
      Was this review helpful? 1
      , bangalore
      Reviewed on Apr 29, 2017
    • IndusInd Bank Personal Loan
      "No Response At All"
      0.5 1.0/5 "Really Bad"
      I have not received good response from Indusind bank for my personal loan application. Actually they informed me that they will come to my premises and collect the documents, but no one collected my documents yet. Even they closed my application without informing me.
      Was this review helpful? 0
      , chennai
      Reviewed on Apr 28, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      It was a very good experience for the personal loan with INDUSIND BANK because they contacted me on time and they were fast in the process, My loan got approved with in time and The rate of interest was around 13% over all processing and the insurance what they had charged was around 7000 rupees.
      Was this review helpful? 3
      , bangalore
      Reviewed on Apr 09, 2017
    • IndusInd Bank Personal Loan
      "Smooth to transact"
      0.5 5.0/5 "Blown Away!"
      Processing fee is very less with the Indusind bank when it comes to personal loan, also the rate of interest is very less. Customer service is very good one with them, also the loan amount will be get credited soon, I hope it will be by end of the day. Response provided by them was also really great.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 01, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      Very good service was given by Indus Ind executives. They were really customer concerned and very nice in their service. I could say it is an fantastic service by Indus Ind. The processing charge needs to be reduced in future. The response and the rate of interest can be decreased in future . They took around 4 days of time to disburse the loan.
      Was this review helpful? 1
      , pune
      Reviewed on Mar 31, 2017
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