Indusind Bank Personal Loan – Interest Rates 2024, Eligibility

Check IndusInd bank Personal loan interest rates 2024. Check & compare ✓ Documents ✓ EMI ✓ Eligibility ✓ Charges ✓ Interest rates ✓ loan amount ✓ Application Status.

Indusind Bank Personal Loan Interest Rates 2024

Personal Loan Interest Rates 10.49% – 26.00%
Processing Fees Up to 3% of loan amount
Prepayment Charges 4% of the principal outstanding after repayment of 12 EMIs
Loan Amount Rs.30000 to Rs.50 Lakh
Repayment Period Upto 5 Years (60 Months)

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Features & Benefits of IndusInd Bank Personal Loan

  • Obtain a loan easily with Simple Documentation, Quick Processing and Speedy Disbursal.
  • Repayment options available from 1 to 5 years.
  • Doorstep Service for easy process
  • lowest rates available for borrowers

Indusind Bank Personal Loan Details:

Eligibility Criteria Salaried Self Employed
Net Monthly Income 25,000 (Listed & Non Listed both) Min. Annual Net Income post tax should be Rs 4.80 Lakhs
Age of Applicant Min. 21 years Max. 60 Years / retirement age whichever is lower at the time of loan maturity Min. 25 years Max. 65 Years at the time of loan maturity
Current Experience Min. 1 yr & above Min. 5yrs of Post qualification
Total Job Experience Min. 2Yr & above Min. 5yrs of Post qualification
Min. Loan Amount 1 Lakhs 1 Lakhs
Max. Loan Amount 15 Lakhs (Listed Companies) 7Lakhs (Non- Listed Companies) 10 Lakhs & above
Min. Tenure 12 Months 12 Months
Max. Tenure 60 months(Listed Companies), 48 months (Non- Listed Companies) 48 months
Processing Fee 0.5%- 2% 0.5%- 2%
Prepayment Charges 4% post 12 EMI clearance 4% post 6 EMI clearence
Turn Around Time 3-4 working Days 3-4 working days

What is the minimum eligibility for a Personal Loan?

The minimum eligibility for an instant Personal Loan is:

  1. An individual should be 21 years of age at the time of application.
  2. The minimum net monthly income should be at least Rs. 25,000.
  3. Completed minimum of two years in employment and one year in the current organization.
  4. Completed minimum one year of stay at the current residence, if rented.

Documents List of Indusind Bank Personal Loan

Documentation for Salaried Employee

  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
  • Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Valid ✓ Passport – provided the passport address is present address mentioned in application form.
  • Proof of Income: Latest 3 months salary slip / salary certificate and latest Form 16
  • Bank Statements: Latest 3 months bank statement (where salary is credited).

Documentation for Self-employed Individual

  • Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
  • Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Trade License / Establishment / Sales tax certificate/ Valid Passport – provided the passport address is present address mentioned in application form.
  • Business (Current Account) Bank Statements (latest 6 months Bank Statement / Passbook)
  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA.
  • Business continuity Proof: Trade license / Establishment / Sales Tax Certificate)
  • Additional Mandatory Documents: Sole Proprietorship Declaration / Certified copy of Partnership Deed / Certified copy of MOA, AOA & Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm’s B/S, P&L a/c with all schedules certified by a CA.

IndusInd Bank offers personal loans in these cities only

New Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Chandigarh, Mohali, Amritsar, Ludhiana, Lucknow, Kanpur, Jaipur, Jodhpur, Dehradun, Karnal, Kolkata, Bhubaneshwar, Siliguri, Mumbai, Navi Mumbai, Thane, Pune, Nagpur, Ahmedabad, Baroda, Surat, Indore, Bangalore, Chennai, Hyderabad, Secundrabad, Kochi, Coimbatore, Vizag, Mysore.

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