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 ₹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
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    IndusInd Personal Loan Eligibility Calculator is Rated as "Pretty good" by 682 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
    Apply for Personal Loan

    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
      "Be Responsive"
      0.5 3.5/5 "Pretty good"
      Indusind bank said that cannot provide the loan since my company is in C category. They told this and closed the call. But they did not provide alternate solutions. Actually I approached them for the personal loan, but they were not helpful. If they provide any alternate solution or suggestions, it would be helpful to the customers.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 13, 2017
    • IndusInd Bank Personal Loan
      "Good "
      0.5 4.0/5 "Great!"
      I have submitted all my documents to the bank along with my signature but Indusind person said they would be coming to get sign in agreement but no body revert back. I don't have any contact number to reach them. I didn't get any mail why my loan application got closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Jul 12, 2017
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      IndusInd bank rejected my personal loan application stating that I had emi bounce. But I do not have any emi bounce in my life, moreover I never took any kind of loans earlier. I had no such instance. Even their responses are also not good and it is very much average.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 12, 2017
    • IndusInd Bank Personal Loan
      "Not Satisfied with the services"
      0.5 2.0/5 "Expected more"
      I did not go ahead with Indusind Bank for the personal loan as the they were rude when they contacted me and were not professional enough to understand the customer. The interest rate and charges is high as well and I would never recommend the bank too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jul 11, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      The Indusind bank executive told that my credit score has not met their eligibility criteria, so that was reason I haven't proceed with Indusind bank personal loan. The customer service and the response provided by Indusind bank is good. The rate of interest is high with Indusind bank. The service which is provided by Indusind was pretty good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 11, 2017
    • IndusInd Bank Personal Loan
      "Its Good one"
      0.5 4.0/5 "Great!"
      As of now Indusind providing good service and good interest rate on the loan products. Earlier I took the loan amount of 2 lakhs and again I done top of 1.5 lakhs both interest rate was almost same. Processing fee was higher side that has to be reduced. Other than that everything is good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jul 10, 2017
    • IndusInd Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      Indusind Bank has been good in terms of providing response, since I dropped the idea of taking the personal loan. I cancelled my application with the bank. The customer services and response is good. The interest rate and processing charges was also on the higher side.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 07, 2017
    • IndusInd Bank Personal Loan
      "Good Bank"
      0.5 5.0/5 "Blown Away!"
      I had taken the personal loan from Indusind bank. The loan amount is 3 lakhs for the tenure of 3 years. Interest rate is around 9% which is far better when compared to other banks like ICICI and HDFC. Even the customer service and the way of responses are good with Indusind.
      Was this review helpful? 2
      , bangalore
      Reviewed on Jul 05, 2017
    • IndusInd Bank Personal Loan
      "Good deal and services"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank was willing to offer me a personal loan, though I am not a existing customer. I simply had to take my papers and submit it at the bank and the process was on. I got the loan on time with the decent interest rate and the processing fee was nominal. I am happy that the bank offered me a loan with the same paper work when no other bank did.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Jul 03, 2017
    • IndusInd Bank Personal Loan
      "Not Satisfied with the services"
      0.5 1.0/5 "Really Bad"
      Indusind Bank contacted me for a personal loan and inquired about my requirement. I was told that I would receive a call back, but there was no response. I am not happy with the process and the response. It has not been a good experience and I would not wish to recommend the same.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 29, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 3.0/5 "Satisfactory"
      I have applied Personal loan with Indusind bank but I haven't opted the loan, because there was no loan requirement at present , so that was the reason I have asked Indusind to close my personal loan application. The customer service was good with Indusind. The rate of interest is nominal with Indusind bank.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 27, 2017
    • IndusInd Bank Personal Loan
      "Service part has to be improved"
      0.5 2.0/5 "Expected more"
      Indusind executive did not come to my place to collect the documents, I got a call from them, they asked me to submit to the document to the particular location it very far around 15km from my location. Even I don't have time to go there, hence they have rejected my application. Indusind bank should provide convenient services too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 27, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.0/5 "Satisfactory"
      I have not got the call from the Indusind bank after the first call like I would like to say there were no continuous follow ups. I have seen the interest rate was around 13% to 14% as approximately and the bank is also good one. I would like to suggest that they need to make the follow up with the customer which is on an immediate basis.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 24, 2017
    • IndusInd Bank Personal Loan
      "Very Good service"
      0.5 3.0/5 "Satisfactory"
      The Indusind bank offered me the personal loan with the high interest rate, that was the reason I didn't opt the loan with Indusind. The customer service and the response was good with Indusind. The Indusind bank need to reduce the interest rate to gain more number of customers. It was a very good service given by Indusind bank.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Jun 24, 2017
    • 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
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