Range of Interest Rate
10.49%
Processing Fee Range
Up to 3%
Loan Amount
Up to Rs 50 lakh
Range of Loan Tenure
1 to 5 years
Key Salient Features
- Quick disbursal available
- Pre-closure option available
- Flexible repayment plan
- No part-payment
Documentation
- KYC– Aadhar Card and PAN Cardd
- Financial– 6 months bank statement, 3 months Salary slips & 2 years form 16
Trivia
- The total number of branches of IndusInd Bank branches in India is 754+
- Average loan approval time is about 1 to 2 days
USP’s
Doorstep Service
Dedicated Relationship Manager
Minimum Documentation
Fastest Sanction Process
Fee and Charges Details
- Provides pre-closure fees of 4% on outstanding principal
Disclaimer
- All intellectual property including trademarks, logos belong to the owner
| Particulars | Salaried |
|---|---|
| Age | 21 and 60 years |
| Prepayment charges/Foreclosure | 4% of the principal amount |
FAQs
- Fill the application form of Indusind Bank
- Submit key documents like KYC and Financial which are related to salaried individuals.
- Loan eligibility of the applicant is determined based on the candidate worthiness of the applicant and his or her cibil score.
- Indusind Bank Provide the Sanction letter which has loan amount, Interest rate, Tenure, emi Payable another terms and condition.
- Finally after completion of the disbursement process Indusind Bank issues a cheque in favour of the applicants.
There are certain documents that you need to submit for securing an IndusInd Personal Loan successfully, They are given in the table below:
KYC Documents
KYC Documents
- The previous three months’ salary slips and
the Latest Form-16 - Latest 2 years Form 16
- IT Returns for the last three years
-
Business Profile of the Applicant
Latest 3 years ITR with Computation of Income - Balance Sheet, Profit, and Loss Account, and respective schedules
- GST Registration Certificate, GSTR-3B Returns of
latest 1 Year, and GSTR-3B Returns of latest 1 Year
Company Udhyam certificate
Property Documents
Because it is fast and easy to sanction for the customer who has healthy financial records.
After submitting all required documents determining your loan eligibility, it takes about 5 to 7 working days for the personal loan to be sanctioned by the bank.
A minimum CIBIL score of above 750 is needed to secure an IndusInd Bank Personal Loan.
The minimum loan amount sanctioned by IndusInd Bank is about Rs 1 lakh and maximum 5 lakh.
To help you calculate what the EMI will be for your IndusInd Bank Personal Loan you have secured at the minimum interest rate of 10.49% a table is given below containing loan amount and tenure.
Table of IndusInd Bank EMI @10.49% interest rate for different personal loan amounts and tenures:
| Amount | ||||
|---|---|---|---|---|
| Tenure | 10 lacs | 25 lacs | 40 lacs | 50 lacs |
| 2 Years | Rs 46,371 | Rs 1,15,929 | Rs 1,85,486 | Rs 2,31,857 |
| 3 Years | Rs 32,498 | Rs 81,244 | Rs 1,29,991 | Rs 1,62,489 |
| 5 Years | Rs 21,489 | Rs 53,722 | Rs 85,956 | Rs 1,07,445 |
There is no real need to have a co-applicant while applying for an IndusInd Bank Personal. Moreover, if you do have one then it helps enhance your loan eligibility and ‘Creditworthiness’ to your vendor.
In case of Personal Loan which is an unsecured loan, the interest rates remains fixed during the entire tenure of the loan period.
If you possess IT returns for three financial years it means that you have increased chances of securing an IndusInd Bank Personal Loan. However, you can still get a personal loan from IndusInd Bank despite not having IT returns for three financial years, if you are looking for a small personal loan amount and your ‘CIBIL’ score is good.
After submitting all the necessary documents, and getting it approved via sanction letter, your loan amount will get disbursed in 2-3 working days.
Some important details about the IndusInd Personal Loan that you need to know about are given below:
-
Types of IndusInd Bank Personal Loan:
There are a few types of IndusInd Bank Personal Loan available given below:
-
IndusInd Bank Personal Loan for Education:
To help a loan applicant to fulfill educational ambition IndusInd provides you with this loan scheme.
-
IndusInd Bank Personal Loan for Wedding:
This personal loan program is designed by the IndusInd Bank to help you finance your ‘Dream Wedding’.
-
IndusInd Bank Personal Loan for Medical Expenses:
It covers up medical expenses arising from purposes such as surgeries, hospitalization etc, IndusInd Bank provides you with a medical loan.
-
IndusInd Bank Personal Loan for Home Renovation:
It is to enable you to finance renovation, improvement, or extension of your existing property that IndusInd Bank offers this personal loan scheme.
-
IndusInd Bank Personal Loan Balance Transfer:
IndusInd Bank provides this scheme to provide you with the option of transferring a personal loan from another lender to IndusInd Bank.
-
EMI Calculator
Loan Amount
₹
Rate of Interest
%
Loan Tenure (Years)
Years
Monthly EMI
₹ 21,617
Principal Amount
₹ 25,000,000
Interest Amount
₹ 23,000,000
Total Amount Payble
₹ 47,000,000
Interest Amount
Principal Amount
Apply for Personal Loan
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