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
    11.99% - 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 Bank Personal Loan is Rated as "Pretty good" by 668 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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. 25,000 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 26 Jun 2017

    Indusind Bank Personal Loan Details
    Interest Rate (Monthly reducing balance) 11.99% - 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 ST)
    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.

    Indusind Bank Personal Loan Offers

    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
      "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
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The process was good with INDUS IND in concern to my personal loan application. They took around 1 week to disburse my loan. The rate of interest is high when compared with other banks. Initially they told 18% after bargaining I got the loan for 15 % as the interest rate. I am happy about the loan amount, but I am not satisfied with the interest rate offered by them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2017
    • IndusInd Bank Personal Loan
      "Good Response"
      0.5 3.5/5 "Pretty good"
      I made an inquiry with Indusind bank for the personal loan. Even I applied for the loan as well. They promptly responded for my loan application. I had received call from Indusind and they were asking form 16 for further process but I do not have form 16 so I just dropped my plan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank was ready to provide the personal loan for five to six lakhs. Actually I requirement was ten lakhs but the bank offered only six lakhs. Hence I could not continue the loan process with Indusind. But I had received good response from the bank when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "No Response"
      0.5 2.0/5 "Expected more"
      I had applied for the personal loan with Indusind bank. Actually I approached this bank through online source. But I did not receive any kind of response from the bank. They never contacted me on my application but closed it without processing.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Hassle free experience"
      0.5 5.0/5 "Blown Away!"
      The bank service was very good, they are very cooperative. I approached Indusind bank for the personal loan for my daughter studies, Their people involved and helped to get the loan faster before the time. Interest is also nominal they gave break up of the rates, that good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Inconvenient service"
      0.5 1.0/5 "Really Bad"
      I had many issues with Indusind, they didn't come to collect the documents from my place they ask me to visit to the bank. Then they did lot of verification finally they have rejected my personal loan application without giving any information. Because of this issue my credit score gone down but still they didn't return my documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      ICICI Bank is doing good in terms of personal loan They provided the funds to me on the date I required it and the funds disbursed was also to my expectations. I had applied for 2 lakhs rupees loan and received 1.6 lakhs Rate of interest they have offered is 14% and the processing fee is 1% of the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 03, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am very happy with Indusind service, I went to direct bank and got the disbursement. My loan amount was Rs.3.5 lakhs for the tenure of the four years. They gave me fixed interest rate of 15.5% and they provided balance transfer its good. I am very satisfied with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Be more flexible in the document process"
      0.5 2.0/5 "Expected more"
      Indusind Bank was not flexible on the documentation part for the personal loan. They were wanting the offer letter of the earlier company and not the current company. I do not think it is required. They could have accepted my experience letter at least.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Its Fine"
      0.5 3.0/5 "Satisfactory"
      My application was rejected by Indusind, they told me that I had applied for the loan through another different bank as well. Hence they had rejected the application but Indusind response is good, they helped me on my queries. Even interest rate is very much nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I was in a need of 5 lakhs but Indusind bank provides lesser loan amount with high interest rate which is 17% for the personal loan. Even I did not receive proper response from the bank. Hence I had not accepted the loan from Indusind and moved over to the other banks and got the loan as per my requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I was getting a good salary but my pay won't credit through my account, my company provide by cash, hence Indusind rejected my loan application, as per their bank norms. Therefore I couldn't take personal loan from them. Their service is good and interest rate was also reasonable.
      Was this review helpful? 0
      , surat
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Initially I arranged for the personal loan with Indusind bank but later I am not interested to avail the loan from the bank but somehow I arranged the money from other source so I did not process my loan application with Indusind bank. But the bank was very prompt in responding and they were good in all the aspects like interest rate, processing fees and the customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 29, 2017
    • IndusInd Bank Personal Loan
      "They Should Bring New Ideas"
      0.5 1.0/5 "Really Bad"
      I have few other loans are running , hence when I gave loan request to Indusind, however they have rejected it. But I am a prompt payer, I could track my record and process the loan. Indusind not potential to get the customer inside as they dont provide praactive customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
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