IndusInd Bank Personal Loan

IndusInd Bank

Check Eligibility

Max. Loan Amt.

Up to ₹50.00 Lakh

Rate of Interest

10.35% - 10.35%

Tenure up to

1 - 7 Years

Processing Fee

₹Up to 3.5%

Quick DisbursalInstant Personal Loan

Check Eligibility

IndusInd Bank Personal Loan Features

Regular Personal Loans

• Interest rate starts from 10.35% p.a.
• Loan amount up to Rs 50 lakh
• Available for salaried and self-employed applicants
• Tenure ranges from 1 to 7 years
• Loan approval and disbursal take 2 to 4 days after verification
   

Instant Personal Loans

• Interest rate starts from 10.35% p.a.
• Loan amount from Rs 30,000 to Rs 5 lakh
• Repayment tenure from 1 to 4 years
• 100% digital application with minimal documents (PAN and Aadhaar)
• Loan is approved within minutes and disbursed immediately
   

IndusInd Bank Personal Loan Interest Rates

IndusInd Bank personal loans start at an interest rate of 10.35% p.a.. Although the bank has not published detailed rates based on factors like credit score, income, or job profile, lenders typically consider these factors—such as monthly income, employment type, employer profile, and credit history—when determining the final interest rate for each applicant.

IndusInd Bank Personal Loan EMI Calculator

How to Apply for IndusInd Bank Personal Loan Online

IndusInd Bank offers personal loans of up to Rs 5 lakh through mybankingtips, where you can also compare offers from other top lenders like ICICI Bank and Axis Bank.

Steps to Apply:

1. Enter your mobile number to start the application.
2. Fill in your personal and employment details.
3. Verify with OTP sent to your registered mobile number.
4. Select the loan amount and purpose such as travel, medical, or education.
5. Compare offers and apply instantly for the best loan option.

Types of IndusInd Bank Personal Loans

Personal Loan for Wedding

• Purpose: To meet various wedding-related expenses
• Loan Amount: Up to Rs 50 lakh
• Tenure: 1–7 years
   

Personal Loan for Medical Expenses

• Purpose: To cover medical bills, surgeries, hospitalisation, and other health-related costs
• Loan Amount: Up to Rs 50 lakh
• Tenure: 1–7 years
   

Personal Loan for Travel

• Purpose: To finance travel expenses such as airfare, accommodation, sightseeing, and transportation
• Loan Amount: Up to Rs 50 lakh
• Tenure: 1–7 years
   

Personal Loan for Home Renovation

• Purpose: For renovating, improving, or extending existing home properties
• Loan Amount: Up to Rs 50 lakh
• Tenure: 1–7 years

Fees & Charges

IndusInd Bank Personal Loan Eligibility Criteria

For Salaried Employees

• Age: Minimum 21 years at application, maximum 60 years or retirement age at loan maturity
• Income: Minimum net monthly income of Rs 25,000
• Work Experience: At least 2 years overall, with minimum 1 year in the current organization
• Residence Requirement: Must have stayed at current residence (if rented) for at least 1 year
   

For Self-Employed Professionals

• Age: Minimum 25 years at application, maximum 65 years at loan maturity
• Income: Minimum net annual income after tax of Rs 4.8 lakh
• Experience: Minimum 4 years post-qualification
   

For Self-Employed Individuals

• Age: Minimum 25 years at application, maximum 65 years at loan maturity
• Income: Minimum net annual income after tax of Rs 4.8 lakh
• Experience: Minimum 5 years post-qualification
   

Note: In addition to the above, IndusInd Bank may consider the credit score of the applicant while evaluating eligibility.

Documents Required for IndusInd Bank Personal Loan

For Salaried Employees

• Completed application form with passport-sized photograph
• Self-attested copy of ID proof (Passport, Aadhaar, PAN, Driving License, or Voter ID)
• Residence proof and signature proof for KYC
• Last 3 months salary slips, ITR for last 3 years, or Form 16
• Bank statement for last 3 months showing salary credits
• Any additional documents as requested by the bank
   

For Self-Employed Professionals

• Completed application form with photograph
• ID proof (Passport, PAN, Aadhaar, Voter ID, or Driving License)
• Residence proof and signature proof
• ITR/Form 16 for last 3 years
• Bank statement of primary savings account for last 3 months and practice current account for last 6 months
   

For Self-Employed Individuals

• Completed application form with photograph
• ID proof (Passport, PAN, Aadhaar, Voter ID, or Driving License), residence proof, and signature proof
• ITR/Form 16 for last 3 years
• Bank statement of business current account for last 6 months and primary savings account for last 3 months
• Last 3 months salary slips
   

IndusInd Bank Personal Loan Customer Care

Personal loan borrowers can contact IndusInd Bank via:

• Toll-Free Number: 1800 266 0447
• Within India Helpline: 1860 267 7777
• Outside India Helpline: +91 22 68577777 / +91 22 42207777 / +91 22 44066666
• Email: reachus@indusind.com
• Video Branch Facility: Available via the “Contact Us” section on the IndusInd Bank website