IndusInd Bank
Personal Loan

• Competitive Interest Rate: The IndusInd Bank provides attractive interest rates on Personal Loans starting at 10.5%.
• Flexible tenure: The bank provides a flexible Personal Loan tenure of 1 year to 5 years to their customers. You can choose tenure as per your income, other loan obligations, monthly expenses, and repayment capacity.
• Loan amount: The bank offers a personal loan amount between Rs. 30000 to Rs. 30 Lakhs.
• Prepayment facility: The bank allows prepayment of personal loan after repayment of 12 EMIs. The charges applicable for the same are 4% of the principal outstanding.

IndusInd personal loan is offered by the name of Indus Easy Credit Personal Loan. The types of loans depend on their usage. Following are the needs for which IndusInd personal loan can be used:

• Personal Loan for Education: Fulfil your and your children’s education-related goals with this hassle-free Personal Loan.
  • Purpose: Providing financial assistance for education-related expenses.
  • Interest rate: Starts at as low as 10.5% p.a.
  • Loan amount: Up to Rs. 5 Lakhs
  • Tenure: 12 to 48 months
  • Security: No collateral/security is required.
• Personal Loan for Home Renovation: Upgrade your home by renovating it to perfection with this loan.
  • Purpose: Financial assistance to redecorate or remodel a self-owned house or flat. It can help you fund expenses like repairs, furniture purchase, fixtures, etc.
  • Interest rate: Starts at as low as 10.5% p.a.
  • Loan amount: Up to Rs. 5 Lakhs
  • Tenure: 12 to 48 months
  • Security: No collateral/security is required.
• Personal Loan for Medical Expenses: Fund any unexpected medical emergency through this loan.
  • Purpose: To take care of unexpected medical expenses, such as doctor’s fees, surgery, tests, hospital stay, medicine bills, treatment, etc.
  • Interest rate: Starts at as low as 10.5% p.a.
  • Loan amount: Up to Rs. 5 Lakhs
  • Tenure: 12 to 48 months
  • Security: No collateral/security is required.
• Personal Loan for Wedding: With this personal loan, make your dream wedding a reality.
  • Purpose: To meet wedding related expenses, like venue booking, catering, accommodation, jewellery, gifts, honeymoon vacation, and so on.
  • Interest rate: Starts at as low as 10.5% p.a.
  • Loan amount: Up to Rs. 5 Lakhs
  • Tenure: 12 to 48 months
  • Security: No collateral/security is required.

The IndusInd Personal Loan EMI Calculator is also available at the MyMoneyMantra's website. The EMI calculator uses variables like loan amount, tenure and interest rate to calculate the monthly EMI.

Below are the EMI calculations for IndusInd Personal Loan of Rs. 1 Lakh for different interest rates and tenures.

Documents Required for Salaried Individuals

• Identity proof: Self-attested copy of Passport/Voter’s ID/Driving License/PAN Card/Aadhaar Card (any one).
• KYC documents: Valid identity/Residence/Signature proof.
• Income proof: Latest Form 16 or ITR for the last 3 years, and last 3 months' salary slips.
• Other documents: Personal loan application form with recent photograph.

Documents Required for Self-employed Professionals

• Identity proof: Self-attested copy of Passport/Voter’s ID/Driving License/PAN Card/Aadhaar Card (any one).
• KYC documents: Valid identity/Residence/Signature proof.
• Income proof: Business Bank Statements/Passbook (of Current Account) for the latest 6 months, ITR of the last 2 years along with income computation, balance sheet, Profit & Loss account (certified by a CA).
• Other documents: Personal loan application form with recent photograph, and qualification proof for highest professional degree, and proof of profession continuity.

Documents Required for Self-employed Individuals

• Identity proof: Self-attested copy of Passport/Voter’s ID/Driving License/PAN Card/Aadhaar Card (any one).
• KYC documents: Valid identity/Residence/Signature proof.
• Income proof: Business Bank Statements/Passbook (of Current Account) for the latest 6 months, ITR of the last 2 years along with income computation, balance sheet, Profit & Loss account (certified by a CA).
• Proof of business continuity: Sales tax certificate/establishment/trade license.
• Other documents: Personal loan application form with recent photograph, a certified copy of partnership deed/sole proprietorship declaration/certified copy of Board resolution MOA and AOA.

Here are the detailed Personal Loan eligibility criteria for IndusInd Bank:

Eligibility for Salaried Employees:

• Salaried chartered accountants, employees of private and public limited companies, salaried doctors, employees of government sector including PSUs as well as State and Central Local Bodies.
• The minimum age when applying for the loan should be 21 years.
• The maximum age at the time of loan maturity should be 60 years or retirement (whichever is earlier).
• The person should have a net monthly income of minimum Rs. 25,000.
• The applicant should have a minimum of 2 years of employment continuity and a minimum of 1 year of experience in the current job.
• The person must be residing at the current address for minimum 1 year, if the residence is rented.

Eligibility for Self-employed Professionals

• Architects, self-employed doctors (MBBS and higher degree), chartered accountant, engineers, MBA consultants, and company secretaries.
• The minimum age when applying for the loan should be 25 years.
• The maximum age at the time of loan maturity should be 65 years.
• Minimum net income (annual) after tax deduction should be Rs. 4.8 Lakhs.
• Minimum work experience post qualification should be 4 years.

Eligibility for Self-employed Individuals

• Self-employed sole proprietors, partners and directors in the business of trading, manufacturing or services.
• The minimum age when applying for the loan should be 25 years.
• The maximum age at the time of loan maturity should be 65 years.
• Minimum net income (annual) after tax deduction should be Rs. 4.8 Lakhs.
• Minimum work experience post qualification should be 5 years.

*Additional GST will be applicable on all the charges mentioned above.

• Visit MyMoneyMantra's official website.
• Click on the Personal Loan tab under the Loans section.
• Fill up the details required.
• Enter your registered e-mail ID and mobile number.
• Accept the terms and conditions and click on "show me the best offers".
•  A new page will be displayed with Personal Loan offers of our various lending partners. You can choose IndusInd Bank Personal Loan from the list.

You will receive a call from our loan specialists within 24 hours as soon as you have successfully applied online.

You can check the status of your IndusInd Bank personal loan application by calling the customer care on 18602677777 or +91 22 44066666. You can also visit the nearest bank branch to know the status. Make sure you know your application number to enquire about the loan status.

You can repay your IndiusInd Bank personal loan in equated monthly instalments (EMIs) through ECS. You can also pay via standing instruction (SI) to debit your IndusInd Bank account with the EMI amount each month.

• Easy and hassle-free documentation: IndusInd Bank Personal Loans involve an easy, simple and hassle-free documentation process so that you can avail funding easily.
• Quick processing and instant disbursal: Once your documents are verified and application is approved, it does not take longer to process your loan. The funds will be disbursed into your bank account instantly, ensuring that you meet your financial goals immediately.
• Doorstep service: The IndusInd Bank provides doorstep service for their customer's convenience. This can help you finish the application and documentation process smoothly from the comfort of your home.
• Balance transfer option: You can transfer your existing high-interest Personal Loan from another bank to IndusInd Bank and get the benefit of low-interest rate using their Balance Transfer facility. Using this option, you can reduce the interest cost and EMIs payable for an existing loan.
• No collateral needed: The IndusInd Bank Personal Loans are provided without any collateral or guarantor.
• Choice of repayment options: You can repay your loan amount via auto account debit option or by choosing an electronic clearing system (ECS) from another bank.
• EMI Calculator: Using IndusInd Bank's online EMI Calculator, you can calculate equated monthly instalments (EMIs) you need to pay for your loan even before applying for it.

You can contact IndusInd Bank for a Personal Loan through:

• Call at the bank’s 24 hour Customer Care numbers 18602677777 or +91 22 44066666.
• Sent Email at reachus@indusind.com
• Send SMS "PL" to 5676757
• You can simply walk into any of the IndusInd Bank branches in the select cities where it offers personal loans.
• To check IndusInd Bank personal loan status, you can call on 18602677777 or +91 22 44066666.