IndusInd Bank Personal Loan, gives a comprehensive financial solution catering to diverse needs. IndusInd banks' interest rates start at 10.49% p.a. You can apply for an Indusind bank personal loan to get an amount ranging from Rs. 30,000 to Rs. 50 lakhs and tenure ranging from 1 to 6 years.
IndusInd Bank Personal Loan Details
Applying for an IndusInd bank loan has become easier than ever, but what’s a loan without the interest rates and other details? Explore the table below for information on IndusInd bank personal loan -
| Interest rate | Starting at 10.49% |
| Loan amount | ₹ 30,000 - 50 lakhs |
| Tenure | Up to 6 years |
| Minimum Salary | ₹25,000 per month |
| Processing Fee | Up to 3% |
Table of Contents: IndusInd Bank Personal Loan
- ⇾IndusInd Bank Personal Loan Interest Rates & Charges
- ⇾Types of IndusInd Bank Personal Loan & Features
- ⇾IndusInd Bank Personal Loan EMI Calculator
- ⇾IndusInd Bank Personal Loan Eligibility
- ⇾IndusInd Bank Personal Loan Documents Required
- ⇾Comparison of IndusInd Bank Personal Loan Vs Other Banks
- ⇾Features of IndusInd Bank Personal Loan
- ⇾4 Easy Steps to Apply for IndusInd Bank Personal Loan with Buddy Loan
- ⇾Frequently Asked Questions on IndusInd Bank Personal Loan
IndusInd Bank Personal Loan Interest Rates & Charges
IndusInd offers personal loans through the Indus Easy Credit scheme with attractive interest rates. The charges apply as per the loan borrowed. In the table below, find different rates and charges applied by the bank while borrowing a loan -
| IndusInd Bank Personal Loan Scheme | Interest Rates (p.a.) | Processing Fees |
|---|---|---|
| Indus Easy Credit | Starting at 12.3% p.a. | 3% of loan amount + GST + stamp duty |
Types of IndusInd Bank Personal Loan & Features
IndusInd bank offers quick digital instant loans, they start with an interest rate as low as 12.3% p.a. with loan amounts varying from₹ 30,000 to ₹ 5,00,000. Now meet the eligibility criteria od IndusInd Bank Personal loan and avail a loan, instantly.
Indus Easy Credit
Indus Easy Credit is a quick and hassle free loan for individuals who do not want to take a high amount of loan. It allows for easier monthly instalments.
Eligibility for Indus Easy Credit Scheme
- Minimum age of 21 years to Maximum of 60 years
- Minimum monthly income of ₹15,000
- Should complete a minimum 2 years of employment and 1 year on current organisation.
- Should be staying for 1 year in the current residence (for renters)
IndusInd Bank Personal Loan EMI Calculator
The IndusInd Bank Personal Loan EMI Calculator allows you to easily calculate and plan your monthly loan repayments. With this calculator, you can input the loan amount, interest rate, and tenure to get an accurate estimate of your EMIs.
| Monthly EMI | ₹86 |
| Principal Amount | ₹1,000 |
| Total Interest | ₹32 |
| Total Amount | ₹1,032.00 |
EMI calculator helps you meet your budget effectively, compare different loan options, and make informed decisions. Whether you're considering a new loan or managing existing ones, the EMI calculator is a convenient tool to help you stay financially prepared.
IndusInd Bank Personal Loan Eligibility
Understanding your eligibility criteria for a loan is important for taking out a loan. Indusind bank personal loan eligibility criteria are simple, the following table talks about the eligibility criteria required for IndusInd bank-
Eligibility for Salaried Employees:
| Factors | General Eligibility Criteria |
|---|---|
| Age | 21 yrs to 60 yrs |
| Monthly Income | Minimum ₹25,000 |
| Work Experience | Min 2 year employment and 1 year in current organisation |
| Residence | Min 1 year in current residence (if rented) |
Eligibility for Self Employed Professionals & Individuals
| Factors | General Eligibility Criteria |
|---|---|
| Age | 25 yrs to 65 yrs |
| income | Min ₹4.8 lakh p.a. (post tax) |
| WWork Experience | 4-5 years of post qualification experience |
IndusInd Bank Personal Loan Documents Required
hile taking out a loan there are several documents required , some of which are listed on the table below-
| Identity Proof | PAN Card, Voter ID, Driving License, Passport |
| Income Proof | Form 16/ITR for last 3 years, salary slip (last 3 months) |
| KYC | Valid identity/Residence/Signature proof |
| Banking | Latest 3 months salary credited bank statement. |
Comparison of IndusInd Bank Personal Loan Vs Other Banks
Interest rates can be prices differently based on different bank, Indusind bank personal loan interest rates may differ from other banks in the market. However, being aware of the different lenders and their interest rates can put you in an advantage, so here is a table showing the comparison of IndusInd Personal Loan rates with other banks:
| Lender | Interest Rates (p.a.) | Processing Fees |
|---|---|---|
| IndusInd | 10.49% | 3% onwards |
| SBI | 24% onwards | Up to 1.50% |
| HDFC | 1.00% onwards | Up to 2.50% |
| ICICI | 10.75% onwards | Up to 2.50% |
| Citibank | 9.99% p.a. To 16.49% p.a. | 0.25% to 3.00% |
| Axis | 10.25% onwards | 1.5% to 2% |
| Yes Bank | 10.99% per annum onwards | 2.50% (one-time fee) |
| Shriram City | 11.49% p.a. To 23% p.a. | 2.50% |
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Features of IndusInd Bank Personal Loan
IndusInd bank comes with a range of features and benefits some of which are -
Easy Documentation
Get instant loans with minimal documentation
Flexible Repayment
Choose your preferred repayment tenure of up to 6 years
Top Class Features
Door step service and convenience in loan approval
Low Interest Rates
Starting from 10.49% p.a.
No Collateral
Get fund without risking your assets
Zero Hidden Charges
No hidden charges and extra penalties.
4 Easy Steps to Apply for IndusInd Bank Personal Loan with Buddy Loan
Here’s the step-by-step process that you can follow to apply for IndusInd Bank personal loan on Buddy Loan:
Step 1 - Visit - buddyloan.com or Download the Buddy Loan app
Step 2 - Fill out the application form including the loan amount, the tenure months, and contact details.
Step 3 - Fill out the eligibility form and provide:
- Email Address
- Employment Type
- Company Type
- Industry Type
- Current Company Name
- Company Address
- Year of Employment
- Net Income
- Mode of Salary
- Pan Card Details
- Full Name (As Per Pan Card)
- Current Address with Pin Code
- Mobile Number
Step 4 - Cross verify the given information and submit the application.
Ready to take next step ?
Frequently Asked Questions on IndusInd Bank Personal Loan
To be eligible for an IndusInd Bank Personal Loan, individuals must meet the general income requirements (Rs 25000 p.m) and age criteria (21- 60 years) and other specific requirements specified by the bank.
IndusInd bank personal loan amount starts from Rs 30,000 to up to Rs 50 lakhs.
IndusInd bank personal loan rate of interest can start as low as 10.49%. Interest rates can be determined depending on several factors of the individual getting the loan.
The repayment tenure for IndusInd bank personal loans can vary between 1 to 6 years.
Yes, you can prepay or foreclose your personal loan. For prepayment you will be charged 4% of the principal outstanding after repayment of 12 EMIs (for salaried) & 6 instalments (self salaried).
You can apply for an IndusInd bank personal loan through their websites or by going to their bank or through bank helpline numbers.
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