Presenting IndusInd Bank Personal Loans. Now you don’t have to wait to fulfil your dreams. Be it renovating your home, going on your dream vacation or buying your special someone that coveted gift, count on us to make it happen.
Fulfil all your financial needs with our hassle free Personal Loans, which are designed to help you live life to the fullest.
Features & Benefits
Eligibility for Salaried Employee
This category includes Salaried Doctors, Chartered Accounts, employees of select Public and Private Limited Companies, Government Sector employees including Public Sector Undertakings and Central, State and Local Bodies.
Eligibility for Self-employed Professional
This category includes Self-employed Doctors (MBBS and higher degree), Architects, Chartered Accountants, Company Secretaries, Engineers and MBA consultants.
Eligibility for Self-employed Individual
This category includes self-employed sole proprietors, directors and partners in the business of manufacturing, trading or services
Documentation for Salaried Employee
Documentation for Self-employed Professional
Documentation for Self-employed Individual
You can avail of loans ranging from Rs.50,000 to 15,00,000 depending on your eligibility, income, nature of job and repayment capacity.
You can repay your loan over a period of 12 to 60 months.
Your loan will be disbursed within 4-7 working days post receipt of the required documents. All loan approvals are at the sole discretion of the bank.
A processing fee up to 2.5% of the loan amount and requisite documentation charges is payable upfront. This fee will be deducted from the loan amount at the time of disbursal.
You pay the loan in equal monthly installments (EMIs). The loan will be paid through ECS. You can also pay through a standing instruction to debit your IndusInd Bank account with the EMI amount.
To obtain the loan, there is absolutely no need to provide any security or collateral.
You can prepay the entire loan outstanding anytime after paying 12 installments for Salaried Clients and any time after 6 installments for Self Employed Clients. Prepayment charges as applicable would be levied on the outstanding loan amount.
Part prepayment is not allowed. The loan has to either be prepaid in full or serviced for the contracted tenure.
You can approach us in any of the following ways:
Call us at our 24 hour Customer Care No.: 1860 500 5004 / +91 22 44066666
Write to us at firstname.lastname@example.org
SMS "PL" to 567657
Or you can simply walk into any of our branches, in the select cities where we offer Personal Loans
We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services which are complementary to the loan, however opening an account with us is not mandatory.
As a IndusInd Bank Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. Having an account with us enables us to assess your financial requirements better; and assists us in providing you with services and loan amount commensurate with your payment ability and requirement.
|Interest Rate||Up to 23% p.a.|
|Up to 2.50% of loan amount subject to a minimum of Rs. 1,000 plus tax|
Salaried: 4% of the principal outstanding after repayment of 12 EMIs.
|Payment Dishonor Charges||Rs 450/- plus tax|
Duplicate Statement Charge
|Rs 250/- per instance plus tax|
Cheque / ECS / SI Swapping Charges
|Rs 500/- plus taxes per event|
|Duplicate No Dues Certificate||Rs 250/- plus taxes per event|
Duplicate Amortization Schedule Charge
|Rs 250/- plus taxes per event|
|Loan Re-Booking / Rescheduling Charges||Rs 1000/- plus taxes per event|
Loan Cancellation Charges
|Rs 1000/- plus taxes per event|
Charges for Photocopy
|Rs 250/- plus taxes per event|
|Rs 150/- plus taxes, Per EMI delay beyond 5 days|
|As per Actuals|
|Stamp Duty||As per State Laws|
Rs. 50/- per instance per set + Service Tax as applicable
IBL Registration Number NSE: INE231308847
MCX Stock Exchange Limited: INE261314434 for dealing in currency derivatives segment