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    We found 1 IndusInd Personal Loan Eligibility Calculator
    Bank Name
    Interest Rate Range
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    Loan Amount
    Tenure Range
    12% - 19% Fixed
    Up to 3% One time fee
    25L Max
    1-5 years
    Response Time : Within 30 minutes
    Rs.2,000 Amazon Voucher 100% PAPERLESS APPROVAL
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    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 780 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
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got immediate response from the INDUSIND BANK LTD in regards to my personal loan application and they have disbursed the loan amount within 3 hours of time. The customer support of INDUSIND BANK LTD is very good and they gave me very good response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 29, 2018
    • IndusInd Bank Personal Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      The response was good with the Indus ind bank in regards to my personal loan application. I have already got the loan amount from the other bank with the lower interest rate, so that was the reason I haven't got the personal loan from Indus ind bank. The part payment option is not available in the Indus ind bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 29, 2018
    • IndusInd Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with IndusInd Bank. The loan process was smooth and the disbursement happened on time. The rate of interest was 15% which was good. I asked for 50K and the same amount was provided. There are some charges for pre closure. I am paying around 5000 rupees per month through ECS.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 28, 2018
    • IndusInd Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest offer by Indusind credit card department was 14% which was good. The documents have been collected from my door step and the process was little delay . It was totally an good experience with Indusind credit card department.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with INDUSIND bank. The loan amount was 1 lakh and the Interest rate was 14% which was a bit higher than other banks in the market. I had a very good loan process and I have not faced any issues with the service . The processing fee was nominal so I would like to recommend this bank to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • IndusInd Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan with IndusInd Bank through online channel. The interest cost was about 14,000 rupees which was nominal. It is a tenure of one year and I had taken 2,00,000. The documents are collected by the executive at doorstep. I had received the loan on promised time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with IndusInd Bank before 2 months. The loan process was very good and simple. They offered a good interest rate. I have taken 1,93,000 rupees and am paying nearly 7000 rupees monthly through ECS. The documentation process was simple and collected at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • IndusInd Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I just taken my personal loan with Indusind Bank. I started using their credit card and they approached me and offered a personal loan. The rate of interest rate was normal and there was a processing fee. I am paying 5200 rupees as a EMI, it will get debited from my account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • IndusInd Bank Personal Loan
      "Pre approved loan with IndusInd Bank"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from INDUSIND BANK . The approved loan amount was 4 lakhs with a rate of interest of 15%. the monthly EMI is 14300 for a tenure of 4 years. Its my pre approved loan. So there was not much process with them. The experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 30, 2017
    • IndusInd Bank Personal Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good experience with INDUSIND Bank as i took a personal loan from them . The customer service was good. The institution gave me a full approval on the amount i asked for . The money got disbursed in weeks time to my account . The Rate of interest was average 13% and the Processing fee was there of 1% . Pre closure and part payment was not there provided on the card .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 29, 2017
    • IndusInd Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with IndusInd bank was good, i have taken loan for Rs 2.32 lakhs with the rate of interest of 11% which is high when compared to all other banks. This was a preapproved loan so no documents were required. The process was quick and i received my loan amount within a day. Customer service was good and they followed up correctly. They charged 3% as processing fees and the tenure of the loan is 3 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Dec 26, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with IndusInd bank and the experience was quite good. The process was smooth and it took one month for the loan to get approved. Customer service was fine and they provided door step service to collect the documents. The rate of interest of 11.46% was nominal when compared to all other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • IndusInd Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Within the short time I got the personal loan from Indus ind bank. The customer support was prompt with the Indus ind bank. Their executives came to my place to collect the documents on time. The requested loan amount has been approved and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • IndusInd Bank Personal Loan
      "Short Process"
      0.5 4.0/5 "Great!"
      I took a Personal Loan with Indusind as I was in a need of taking one. They gave me the Loan pretty easily, as I already had an existing relationship with them. The process was very short and document weren't much. They charged me Rate of interest of 14% which I feel is a little high.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Indusind bank.The loan amount is 2 lakhs,rate of interest is nominal as compared to other.The service is not up to the mark because they had taken my documents they promised to submit back however its been one months no one has turned up for the same.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The Indus Ind bank has offered me a personal loan with a high interest rate and their customer support didn't gave proper response in regards to my personal loan application. The customer support need to be improved with their service part.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 06, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank is quite fast in the process for the personal loan. They stick to their commitments and they are professional in the process. The interest rate and processing charges are nominal and the after loan services are good too. No hassles overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • 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
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