Indusind Bank Personal Loan – Interest Rates 2023, Eligibility, Documents
Find IndusInd bank Personal loan interest rates 2023. Check & compare ✓ Documents ✓ EMI ✓ Eligibility ✓ Charges ✓ Interest rates ✓ loan amount ✓ Application Status at deal4loans.
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
Apply Online for IndusInd Bank Personal loan with Lowest Interest Rates. Check CIBIL score absolutely FREE.
Indusind Bank Personal Loan Interest Rates 2023
|
Cat A |
Cat B |
Others |
| Salary <50k (Rate- 14.5% -15.25%) | Salary <50k (Rate- 16% -16.5%) | Salary <50k (Rate- 19% -20%) |
| Salary 50k – 1 Lakh (13.75% – 14.25%) | Salary 50k – 1 Lakh (15% – 15.5%) | Salary 50k – 1 Lakh (18% – 19%) |
| Salary >1 Lakh (12.99% – 13.5%) | Salary >1 Lakh (14% – 14.5%) | Salary >1 Lakh (17.5% – 18.5%) |
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 |
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
– Chandigarh / Panchkula, Ahmedabad, Bangalore, Delhi / New Delhi, Mumbai, Chennai, Faridabad, Navi Mumbai, Hyderabad / Secunderabad, Ghaziabad, Pune, Coimbatore, Gurgaon, Thane, Vishakhapatnam, Jaipur, Nagpur, Kochi, Kolkata, Surat, Noida, Baroda, Amritsar, Indore, Bhubaneswar, Cuttack, Jodhpur, Kanpur, Lucknow, Ludhiana.
