|Interest rate||11% p.a. onwards|
|Loan amount||Up to Rs. 15 Lakhs|
|Repayment tenure||1 to 5 years|
|Processing fee||Starting from 2.5% of the loan amount + GST|
|Prepayment charges||4% of the principal outstanding + GST|
|Age required||21 to 60 years for salaried and 25 to 65 years for self-employed|
|Monthly income required||Minimum Rs. 25,000|
|Lowest EMI per lakh||Rs. 2,174|
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:
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.
|Interest Rate||Tenure (in years)||EMI per lakh (in Rs.)||Total Interest (in Rs.)||Total Payment (in Rs.)|
Documents Required for Salaried Individuals
Documents Required for Self-employed Professionals
Documents Required for Self-employed Individuals
Here are the detailed Personal Loan eligibility criteria for IndusInd Bank:
Eligibility for Salaried Employees:
Eligibility for Self-employed Professionals
Eligibility for Self-employed Individuals
|Types of Charges||Quantum|
|Processing Fee||2.5% of the loan amount onwards|
|Prepayment Charges||4% of the outstanding principal amount|
|Charges for Payment Dishonor||Rs. 450 per event|
|Charges for Personal Loan Duplicate Statement||Rs. 250 per event|
|ECS/ Cheque / SI Swapping Charges||Rs. 500 per event|
|Charges for Duplicate No Dues Certificate||Rs. 250 per event|
|Duplicate Amortisation Schedule Charge||Rs. 250 per event|
|Loan Rescheduling/ Re-Booking Charges||Rs. 1,000 per event|
|Charges for Loan Cancellation||Rs. 1,000 per event|
Photocopy of Documents/
|Rs. 250 per event|
|Penal Charges||Rs. 150 for Per EMI delay after 5 days|
|Legal Charges &||As per Actuals|
|Stamp Duty||As per State Laws|
|CIBIL Report Generation Charges||Rs. 50 per instance for per set|
*Additional GST will be applicable on all the charges mentioned above.
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.
You can contact IndusInd Bank for a Personal Loan through:
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Once you have successfully submitted the loan application (online or offline), the processing of and disbursal happens within 4 to 7 working days.
You should be of at least 21 years of age (25 years for self-employed) to be eligible for the loan.
You are allowed to foreclose the loan only after serving 12 EMIs. The bank levies 4% foreclosure charges on the outstanding loan amount.
No, the IndusInd Bank does not allow part prepayment of personal loan. The personal loan either has to be prepaid in full or serviced till the contracted tenure.
Yes, but you will have to give an application at the bank which states that you need to change the payment method. The charges for changing the repayment mode is Rs. 500 plus applicable taxes.
No. The loan is collateral-free.
The bank looks for a CIBIL score of minimum 750 to sanction your loan.
For quick processing and disbursal, you can apply for the loan through MyMoneyMantra.
The interest rates for IndusInd Bank Personal Loan start from 11% per annum.
The maximum loan tenure permitted by the bank is 5 years and the minimum is 1 year.
Yes, you can opt for Personal Loan Balance Transfer to transfer the outstanding loan amount to IndusInd Bank for the low-interest rate.
IndusInd Bank customers will be offered special rate of interest, asked for minimal documentation and their application will be processed on priority.