Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 IndusInd Bank Personal Loan
    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
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    Customer Reviews
    IndusInd Bank Personal Loan is Rated as "Pretty good" by 713 Users

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    Personal Loan BYTES FROM OUR KITCHEN

    IndusInd Bank Personal Loan

    IndusInd Bank Limited is a Mumbai based Indian new generation bank, with 573 branches, and 1055 ATM's spread across 392 geographic locations of the country and total revenue of 3260.47 crores. Indusind bank offer many loan schemes like Loan against property, Personal Loan, Home Loan, Car Loan, Gold Loan, Loan against Credit Card. Personal loan in Indusind bank can be obtain with simple documentation, quick processing and speedy disbursal.Read on to learn about the eligibility and documentation requirements for IndusInd personal loan


    You’re probably eligible for an Indusind Bank Personal Loan if you are

    01
    02
    03
    04
    Indusind Bank Personal Loan Minimum Age

    At least 21 years old

    Indusind Bank Personal Loan Maximum Age

    Less than 60 years old

    Indusind Bank Personal Loan Eligible Employment Type

    Salaried / Self – Employed
    with regular income

    Indusind Bank Personal Loan Minimum Income

    Earn more than the minimum
    income required


    Your Indusind Bank Personal Loan amount eligibility is based on these factors

    01
    02
    03
    Indusind Bank Personal Loan Minimum Salary

    Minimum income required
    Rs. 50,000 per month

    Indusind Bank Personal Loan Maximum Loan Funded

    Maximum allowed personal loan is Rs. 25 lakhs

    Indusind Bank Personal Loan EMI

    EMIs of other loans lower
    your eligibility


    Increase your eligible Indusind Bank Personal Loan amount by these steps

    01
    02
    Indusind Bank Personal Loan Payoff Outstanding Credit Card Bills

    Pay off your credit card bills

    “Indusind

    Choose longer tenure loan up to 60 Months


    Documentation needed to apply for an Indusind Bank Personal Loan

    • 1. Signed application form with photograph
    • 2. Copy of passport/voter ID card/driving license
    • 3. Processing fee cheque
    • 4. Last 3 months bank statement/6 months bank passbook
    • 5. Documentation for salaried applicants:
      • Latest salary slip
      • Current dated salary certificate with the latest Form 16
    • 6. Documentation for self-employed applicants:

      • Latest Bank statement
      • Latest ITR or Form 16

    Indusind Bank Personal Loan Interest RatesUpdated on 23 Sep 2017

    Indusind Bank Personal Loan Details
    Interest Rate (Monthly reducing balance) 12% - 19%
    Processing Fees Up to Rs.3000
    Loan Tenure 1 to 5 years
    Pre Closure Charges Preclosure permitted after 1 year. 4% of principal outstanding (plus applicable tax)
    Guarantor Requirement No guarantor required

    IndusInd Bank Overview

    IndusInd Bank, better known as IndusInd Bank, is a private sector bank operating out of Mumbai, Maharashtra. One of the fastest growing private banks in India, IndusInd has more than 600 branches and 1200 ATMs throughout the country. It has a major presence in Mumbai, followed by New Delhi and Chennai. Apart from the national branches, IndusInd bank also has representative offices (RO) in Dubai and London.

    About Indus India personal loan

    IndusInd Bank provides Personal Loans for Indian residents in 16 cities around the country. The list of cities is as follows:

    Bangalore, Chennai, Hyderabad, Ahmedabad, Mumbai, Navi Mumbai, Pune, Thane, Chandigarh, New Delhi, Faridabad, Ghaziabad, Gurgaon, Jaipur, Kolkata, Noida.

    With the Indus India personal loan, you can fulfil your dreams right now - whether you want a long holiday, there is a marriage in the family, you are buying a gift for a special someone, or simply trying to fill up your house! IndusInd provides hassle-free and quick personal loans that will cover your needs and then some.

    Apply for Personal Loan

    Why choose Indus India personal loan?

    Established in 1994, IndusInd has seen tremendous growth over the years, and is currently planning to double its branch strength in India to more than 1200 branches. It has posted consistent profit figures through the years.

    IndusInd Bank has been acknowledged for its exceptional services by leading industry publications, media outlets, and banking and financial institutions, among others. It has been awarded the ‘Best Mid-size Bank’ by Businessworld-PwC and also by Business Today-KPMG, ‘6th Most Trusted Private Bank in India’ by Brand Trust Report, and various ‘Information Security’ and ‘Environmental Best Practices’ awards from reputed Indian and international institutions.

    IndusInd provides speedy disbursal, quick loan processing, and simple documentation in loan applications. IndusInd personal loans are available for salaried professionals, self-employed professionals, and self-employed individuals.

    • Flexible loan tenures available
    • Avail doorstep service for loan-related processes
    • Competitive interest rates
    • No guarantors or collateral
    • Use the ‘Balance Transfer Option’ to do away with high interest debt
    • Flexible repayment gateways including ECS from any bank or through IndusInd Bank account debit

    BankBazaar is a well-established online platform for all your banking and financing needs. The site is dedicated to finding the best choices for customers in terms of loans, insurance policies, and various other related information.

    Designed by the best financial experts and with an eye toward easy accessibility for customers for their financing needs, BankBazaar provides comprehensive results and the ability to compare items side by side so that customers can check in real time the best possible solution for them. BankBazaar provides a detailed listing of all the Indus India personal loans in a dedicated page. Visitors can directly access the relevant loan pages, check eligibility, see interest rates, and also apply for loans. And the whole process of finding a loan, comparing products, and applying for the same can be completed in a matter of minutes!

    BankBazaar has a simple process for loan application. Visitors can start from the home page by clicking on the Personal Loan section. They will then get routed through a few simple-to-answer questions to a final results page showing all the relevant loans available from different providers including Indus India Bank.

    Visitors can then opt to compare loans or proceed with the application process. In between if they feel uncomfortable at any point of the process, visitors can simply contact BankBazaar’s customer care for assistance and information on active deals.

    A personal loan can be a lifesaver during emergencies, offering immediate financial relief to borrowers. IndusInd Bank offers personal loans for multiple purposes, with the interest on these loans decided based on two slabs: MCLR and Base Rate.

    IndusInd Bank Marginal Cost of Funds Based Lending Rate (MCLR) (For new borrowers)

    MCLR based benchmarks have been introduced by IndusInd Bank following directives from the RBI. These rates are subject to change on a regular basis, mimicking current economic conditions. The table below highlights the current rates at IndusInd Bank.

    MCLR Benchmark Tenure (Period) Benchmark Rates (MCLR)
    Overnight 9.15%
    1 month 9.20%
    3 months 9.40%
    6 months 9.65%
    1 year 9.95%

    Personal loan interest rates (MCLR)

    Interest charged by IndusInd Bank varies from case to case, with the bank typically adding a certain percentage over and above the current MCLR.

    IndusInd Bank Base and Prime Lending Rates (For existing borrowers)

    Individuals who availed a loan before MCLR benchmarks came into force can choose an interest platform as per their requirements. Those who do not wish to migrate to MCLR can continue paying interest as per the base rate.

    Base Rate 10.60% per annum, effective October 19, 2015
    Prime Lending Rate 20.60% per annum, effective October 19, 2015

    IndusInd Bank personal loan interest rate (Base Rate)

    Interest rates for existing customers depends on the loan amount, tenure and purpose, with IndusInd Bank having the power to offer differential interests based on these factors. Interest rates typically vary between 11.50% per annum and 32.00% per annum, with the average being around 14.50% per annum.

    Note: All rates mentioned above are applicable as of June 10, 2016. IndusInd Bank can modify/alter these rates at its own discretion, borrowers are advised to check prevailing rates while applying for a loan.

    IndusInd defines 3 categories of loan takers – Salaried, Self-employed professional, and Self-Employed individual.

    For salaried employees

    Salaried employees, as defined by Indus India Bank, include chartered accountants, doctors, select private and public sector employees, PSU and central government employees, and government state and local body employees.

    • Available for designated employees categorized within 21 years to 60 years of age.
    • Monthly net income shouldn’t be less than &#8377 25,000.
    • 2 years minimum overall experience, and 1 year minimum experience in present company.
    • For people availing rented accommodation, they must have resided for at least 1 year in the present residence.
    For self-employed professionals

    Self-employed professionals as defined by IndusInd include architects, self-employed doctors and CAs, engineers, company secretaries, as well as MBA consultants.

    • Applicants’ age should be within 25 years to 65 years.
    • Net annual income to be more than &#8377 4.8 lakhs.
    • Minimum 4 years of experience post qualification.
    For self-employed individuals

    Self-employed individuals include partners, directors, and sole proprietors involved in services, trading, or manufacturing businesses.

    • Age of the applicant should be within 25-65 years.
    • At least &#8377 4.8 lakhs in net income.
    • At least 5 years of experience post the relevant qualification.

    Customers can find the EMI amount payable on IndusInd personal loans through BankBazaar’s dedicated Personal Loan EMI Calculator:

    • Go to BankBazaar’s website and bring the mouse cursor on the Financial Tools tab given at the top. Click on Personal Loan EMI Calculator.
    • Enter exact figures under the given categories, namely – Loan Amount (up to Rs.30 lakhs), Tenure (up to 5 years), Interest Rate (applicable interest rate), and Processing Fee (according to respective Bank rules).
    • On clicking ‘Calculate’, customers can find all information related to the personal loan, including break-up of loan repayment and amortization figures for the chosen loan tenure.

    The information displayed here will be very helpful in planning loan repayment over the chosen tenure, as well as provide you with an outline of your actual standing in terms of repayment.

    1. How do I check my loan status?

      Checking your loan status is a very simple task. All you need to do is log into the official bank website with your netbanking account (if any). If you don’t have an account with the bank, then please email or call the respective branch for detailed documents.

      Alternatively, you can visit the BankBazaar website and navigate to the respective bank’s dedicated personal loan page. You will find all related resources and information in this section.

    2. Where can I find the Indus India personal loan application form?

      The personal loan form from Indus India Bank can be downloaded from the official website of the bank. Alternatively, you can apply for IndusInd personal loans through BankBazaar by answering a few simple questions and providing relevant loan and other details.

    3. Can I check my Indus India personal loan statement online?

      Indus India personal loan statements can be accessed by logging into your loan or bank account in the official website. To get detailed loan statements, you will need to send a request to the bank with personal details through email or via phone calls.

    4. What are the pre-closure charges and the pre-closure process?

      IndusInd charges 3% of outstanding loan amount as preclosure or foreclosure charges. Foreclosure charges imply paying off the outstanding loan amount in a single go, as and when the Bank’s policies allows customers to do that.

    5. What is the standard waiting time for approval of personal loans from IndusInd bank?

      The loan processing time is generally completed within 4-7 days of receiving all the relevant document from the customer.

    6. Is it absolutely necessary to have an account with IndusInd before applying for personal loans from the bank?

      No, you don’t need to have an account in IndusInd for applying to personal loans, though having an account will be beneficial in making repayments and getting relevant statements and details with ease.

    7. Are there any special privileges for IndusInd customers?

      Indus India Bank customers are offered exclusive interest rates, provided priority in processing, and bugged for minimal documents. Having an IndusInd account will help the bank get your financial history with ease, and offer to customized products that best fit your needs and ability to repay without causing discomfort.

    8. What is the process for loan repayment?

      Loan repayments have to be made in Equated Monthly Instalments (EMIs). These can be paid via ECS. Also, customers can provide standing instructions to the bank to debit the exact EMI amount every month.

    9. How do I contact customer care for more details on IndusInd Personal Loans?

      For any details regarding personal loans from IndusInd Bank, you can call the customer support at BankBazaar at +91-44-43981800 between 10am to 7 pm from Monday to Saturday. Customers also have the option to chat with us on WhatsApp at +91-9884808231. Our trained and experienced support associates will help you out with the loan application process, and can also provide you with better options if you so seek.

    10. What are the minimum and maximum amounts I can avail as personal loan from IndusInd Bank?

      IndusInd offers personal loans from as low as Rs.50,000 to a high of Rs.15 lakhs. The loan amounts are decided after considering a wide range of issues such as credit history, income, age, repayment capacity etc.

    11. What documents do I need to submit for personal loan applications?

      You need minimal document submissions to apply for IndusInd personal loan. The following needs to be submitted as per your respective category:

      Salaried individuals:

      • Identity proof
      • Residential address proof
      • Last 3 months payslips or salary certificate with Form 16
      • Last 3 months bank statements

      Self-employed professionals

      • Identity proof
      • Residential address proof
      • Last 6 months bank account statements
      • Proof of highest educational qualification
      • Last 2 years ITR
      • Profession continuity proof

      Self-employed individuals

      • Identity proof
      • Residential address proof
      • Last 6 months business bank statements
      • Last 2 years ITR
      • Business continuity proof
      • Sole proprietorship declaration or certified copy of the partnership deed or certified copy of AOA, MOA and board resolution
    12. What are the minimum and maximum tenures available for personal loans?

      Loans are available from a minimum tenure of 12 months up to a maximum tenure of 60 months.

    13. Can I check the personal loan application status online? Yes, you can check the status of your loan application online through the official portal of the bank. You need to enter a few details to know the current status of the application. If you have used BankBazaar’s services to apply for the loan, you can track the application status anytime on the website or you may call us up if you have any enquiries or issues.

    14. How do I repay the loan?

      The loan needs to be repaid in EMIs. The EMI figure will be informed to you and you can pay it through ECS or standing instructions in your IndusInd bank account.

    15. What are the preclosure criteria?

      Preclosure of the loan is allowed on paying at least 12 EMIs if you are a salaried borrower. In case of self-employed borrowers, foreclosure can be done on payment of at least 6 EMIs. Preclosure charges are applicable, while part-prepayment is not allowed.

    16. Do I need to produce any collateral or security?

      No, this is an unsecured loan. You do not have to submit any guarantee or security for it.

    17. How do I contact IndusInd Bank for enquiries or issues?

      You can call them up at the toll free number, send email, SMS or approach any of the branches of IndusInd Bank to sort out issues with the loan.

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  • IndusInd Bank Personal Loan Reviews

    • IndusInd Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Indusind bank. The process was easy and the documentation was also a simple process. The interest rate was around 12% and processing charges is also normal. The after loan services is good and with ease the whole process was done.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 22, 2017
    • IndusInd Bank Personal Loan
      "Service part should be improved"
      0.5 1.0/5 "Really Bad"
      Indusind bank executive called me and requested for bank statement and pay slip. Then the confirmed about my salary date, I informed my salary date is not constant it would get change every month. Hence the executive said me couldn't process my loan , I would like to suggest them. First they should collect customer documents, after verifying only they should close the application.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 19, 2017
    • IndusInd Bank Personal Loan
      "They need to update the application"
      0.5 2.5/5 "Just OK"
      Once I logged in their Indusind netbanking, to see my personal loan details it was not updated. when I contacted the bank customer service, they said that option was not available currently. It would be great if they improve their online feature, Indusind loan process was also average.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 15, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The promises need to be fulfilled by the Indus ind bank. Initially they gave a call and explained me about the product and they told they can fix an appointment to collect the document but no one turned up , The transparency is needed in the loan process. The rate of interest was nominal when compared with other banks. The status of the product need to be informed to the customers.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I haven't received personal loan from Indus ind, because I have got the loan from TATA CAPITAL ,I found TATA capital gives best offer than Indus ind, so that was the reason I haven't proceed with INDUS Ind bank personal loan. The rate of interest is nominal with Indus ind when compared with others.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      On 23rd July only my company completed one year hence all bank have rejected my loan application. Therefore I decided not to go with Indusind because my company name was not listed in any of the bank. Hence I closed my application, but Indusind is good, each and everything is good with INDUSIND.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Very professional"
      0.5 5.0/5 "Blown Away!"
      I had no challenges with Indusind bank for the personal loan process. Indusind bank people are very professional and they have completed the loan process promptly. But interest rate could be little lesser than this but it is ok and I have no issues on that. I really appreciate the service provided by them.
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 07, 2017
    • IndusInd Bank Personal Loan
      "Fanstastic"
      0.5 4.0/5 "Great!"
      INDUS Ind bank personal loan process was a kind of okay, the time scales taken to process the loan was around 25 days. Verification process was very much tedious. Interest rate offered by them was around 16% I had no other option therefore I had accepted that. However I was looking out for a rate of 13% to 14%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 28, 2017
    • IndusInd Bank Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I have got the personal loan with the Indusind bank and the interest rate is around 19%. Customer service is not really a good one like they will not take care of the customer in proper way. Response is also not really a fine one.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 26, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The Indus Ind bank took about 2 week time to disburse my personal loan. Indus ind executive took personal care and he was very prompt in his service. The rate of interest is nominal with Indus ind. It was a pre-apporved loan they have disbursed it within the time period.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 24, 2017
    • IndusInd Bank Personal Loan
      "Delayed service with unprofessional behaviour"
      0.5 3.0/5 "Satisfactory"
      There was no challenges with Indusind bank for my personal loan service. But the bank is very slow in process. They had taken around 12 days to disburse the loan post approval. Even on emi payment, my emi date is 4th Aug. I got the call from the bank and they told me that they will send the executive to collect the payment in an unprofessional tone. I just told them that I made the payment and I sent the soft copy as well. They did not even regret for such a call. Moreover they collected my blank cheque, I believe no bank will collect the blank cheque but they collected mine.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Any time any one can approach INDUS IND to avail credit"
      0.5 4.0/5 "Great!"
      Everything was lined up properly expect for the foreclosure charges, what ever they are promising should be there on the paper works too so that it would be more interesting. For example, I took the personal loan through online channel. I was confirmed that I can preclose the loan any time after 12 months with zero percent interest I can pay off the loan anytime after 12 months this information was communicated to me verbally. However when I got the welcome kit I was shocked to see the terms as it was different and I have to preclose the loan after 24 months and there would be charge of 2%. Nevertheless I am happy with them as other parameters were good and I would conclude stating that any one can approach INDUSIND to avail credit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      Rate of interest was around 12% and the customer service was really quick and fast, also the response was really good one. Communication aspects are really good one with them. In future also, I would like to go ahead with them. Response is really professional one with them. The loan amount got disbursed to my account after a week of time due to some long holiday.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      Indusind bank actually did not handle the personal loan process well. It was not okay, I was told three working days before taking the loan. Finally it took ten days. Before I could submit the paper work, I received calls every day asking me when the executive could come to collect it. After I gave the documents, there were no calls and I had to follow up. Finally, I came to a stage where I said I do not want the loan. The interest rate and charges are not that great. The tenure is for two years.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Indus Ind bank customer service told that my profile haven't met their loan eligibility criteria., The service which was given by Indus ind was good,. The rate of interest was high when compared with HDB financial service. I got an average service from Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 18, 2017
    • IndusInd Bank Personal Loan
      "Simply Good"
      0.5 5.0/5 "Blown Away!"
      Indusind bank had processed my loan application properly. I am satisfied with the interest rate and their involvement was really good during the process. I got the personal loan without any hassles from the bank side. In all it is simply good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Hassle free and customer friendly"
      0.5 5.0/5 "Blown Away!"
      I had very good experience with Indusind, they have processed the personal loan within a week, Documentation process was quite good. Interest rate was also nominal as per other banks. Service is also extra ordinary within the time limit they done the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Not Interested"
      0.5 1.0/5 "Really Bad"
      Same thing happend to me when I applied for the personal loan with Indusind bank. First time when I applied for the credit card, I had received no response from the bank. I thought they would respond me this time for the personal loan but again got no response. Totally disappointed and not interested in Indusind bank anymore.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      Indus ind Bank was not flexible on the documentation part for the personal loan the bank demanded certain documents which I had already submitted via online. First of all I applied for 65 thousand they have charged 2500 as processing fee and charge and after applying the loan it got delayed very much and I received the same after three weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      Personal loan process was bit delayed from Indusind bank. As per the norms the loan process should be completed in three to four days but they took nearly ten to eleven days for the completion. Customer service is a kind of ok. And overall the service is average.
      Was this review helpful? 0
      , delhi
      Reviewed on Aug 14, 2017
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