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
    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
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    Customer Reviews
    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 736 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 service "
      0.5 3.5/5 "Pretty good"
      I had applied for personal loan for an amount of 80 thousand at the nominal rate of interest. rRequired information were shared pertaining to my loan process,they took 15-20 days to credit the amount in the account.Had a good experience with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • IndusInd Bank Personal Loan
      "This is blade bank without ethics."
      0.5 0.5/5 "Unacceptable"
      The bank assured personal loan for an intrest rate of 12%.later at the time of amount allotment,they increased the intrest rate to 13percent.But ones i got the document brochures,the intrest rate became 14%! I informed the bank representatives,but no action..They are looting me from last 6months..
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
    • IndusInd Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      The services and response was good at Indusind Bank. They contacted me on time and collected my documents. The processing fees was higher than what I expected. I was expecting a fee of 1% but I was charged 1.5%. The rate of interest was between 16% to 17% on the personal loan.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 14, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND bank. The documentation process was easy and they have sanctioned the loan with the committed time. The customary service and responses was really good but there is no transparency because I have asked for 24 months but after sanctioning the amount they said Its 48 months is the minimum EMI period here that was but disappointing.
      Was this review helpful? 0
      , surat
      Reviewed on Oct 13, 2017
    • IndusInd Bank Personal Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      The service charges and the interest rate they given during the time I applied for my loan process has lot of difference and lot of confusion during the process ,once I received a email as a note from INDUSIND while processing they given 12.99 interest rate and fees and charges which was not before the process but the documentation part was fine ,I can say the overall service is average from INDUSIND for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 12, 2017
    • IndusInd Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service is good from INDUSIND but their process is very long they took a long time for the process to complete before that I got my loan approved from other bank with a better offer ,so it was the main reason for my cancellation of the loan process ,I can say overall service is good from INDUSIND for my personal loan service .
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I could like to say it is a very good service from INDUSIND for my personal loan service ,representatives and customer service is very helpful and responsible even during the documentation part it was very fine from their service. I can say overall service provided by INDUSIND is very good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Instant responses"
      0.5 5.0/5 "Blown Away!"
      I download the Indusind bank application and found out I have already pre approved Rs.16000 personal Loan. I followed up the link and got the loan instantly. Rate of Interest in this bank is pretty decent compared to other private banks. I would definetly recommend this bank to all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken the personal loan from Indusind bank and the process was completed in one week. The documents was collected on time and the rate of interest and processing charges was normal. Overall a good experience and satisfactory as I got the loan amount I needed.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Sep 28, 2017
    • IndusInd Bank Personal Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      Service was not good from INDUSIND bank , I never get any information's from them I am not aware of their service . It was about 20 days no information from INDUSIND bank till now ,so as a overall it was a average service from INDUSIND bank service .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 28, 2017
    • IndusInd Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good with Indus ind bank . The disbursement did not happen on time. The customer service took time to reach the customer. The response part need to be improve with Indus ind. The rat of interest is nominal with Indusind bank, when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 27, 2017
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 2.0/5 "Expected more"
      Indusind interest rate was very high, they offered me around 16% of interest for the loan amount of Rs. 2.10 lakhs. It was a fixed interest rate for the tenure of three years, I am okay with their service but still now I didn't receive loan letter from them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 26, 2017
    • IndusInd Bank Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a excellent service from INDUSIND bank ,representatives where also very helpful and responsible even during the documentation part everything was fine ,interest rate was also nominal ,never faced any issue with their service till now .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 26, 2017
    • IndusInd Bank Personal Loan
      "Its average"
      0.5 3.5/5 "Pretty good"
      I was not in a need to take personal loan, therefore I didn't avail loan from Indusind bank. But still their response was good, the executive have contacted me and offered nominal interest rate as per the market. But I don't have any requirement to proceed.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      Indusind bank were demanding the salary slip, but my company used to deposit the cheque to all employee hence I don't have salary slip but still I have knowledge copy of the salary through bank statement. But Indusind bank was not ready to sanction the loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have not taken the personal loan with the Indusind bank because I have not get the proper feedback from them. Response is good one with the Indusind bank and I would like to suggest that they have to improve.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached INDUSIND bank for my personal loan. The customer service and responses are really good. They have rejected my application due to my current loans, after completing my loans they asked me to approach. I have no idea about the rate of interest and charges here . My overall experience was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Indusind bank people are very professional I had no challenges with Indusind bank for the personal loan process and they would have completed the loan process promptly but I have postponed from my side for some time I really appreciate the service provided by them
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have approached INDUSIND bank for my personal loan. The rate of interest was 11.5% which was good but I have taken my loan form HDFC bank since they approached me first. The customer service and responses was up the mark so I would like to rate 3.5 out of 5 overall.
      Was this review helpful? 0
      , noida
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer service is good with Indus ind bank . They have disbursed my loan within 2days of time. They have offered me a loan based on my credit card. It is a pre approved loan and I never submitted any documents in regards to my personal loan ,. I am satisfied with the loan amount. The rate of interest is nominal with Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
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