What is a Personal Loan?

A Personal Loan is an unsecured term loan provided by the bank that an individual can use as per his/her personal need. A personal loan unlike a home or car loan do not require lock in of any collateral by the applicant.

What is the minimum eligibility for a Personal Loan?

The minimum eligibility for an instant Personal Loan is: a) An individual should be 21 years of age at the time of application b) The minimum net monthly income should be at least Rs. 25,000 c) Completed minimum of two years in employment and one year in the current organization. d) Completed minimum one year of stay at the current residence, if rented.

What are the Personal Loan tenure options?

You can choose to avail an instant Personal Loan with tenure from 12 to 60 months.

What is the maximum tenure available for an instant Personal Loan?

A Personal Loan is offered for a maximum of 5 years (60 months).

What is the minimum tenure available for a Personal Loan?

A Personal Loan is offered for a minimum of 1 year (12 months).

What are the steps to apply for an instant Personal Loan?

Follow the steps below to apply for an instant Personal Loan online: Visit https://induseasycredit.indusind.com/customer/personal-loan/lead and provide few basic details like your mobile number, PAN card number etc. to get started Verify your address details Check out your Personal Loan offer and complete your video KYC. Provide your bank account details for disbursement

At what interest rate can I avail an instant Personal Loan online?

At IndusInd Bank, you can avail an instant Personal Loan with rate of interest starting as low as 10.49%. Terms and conditions apply.

Are there any additional charges?

A processing fee of up to 3% of the loan amount and requisite documentation charges are applicable, and the same is deducted from the loan amount at the time of disbursal.

Personal Loans - Apply for Instant Personal Loan Online

Want to turn your dreams into reality, but lack of finance is stopping you? IndusInd Bank’s Personal Loan has got you covered. With an entirely digital process, instant approvals, and speedy disbursals, securing an instant Personal Loan from IndusInd Bank is a breeze. Whether you need ₹30,000 or ₹50 lakhs, whether you want a tenure of 12 months or 6 years, IndusInd Bank Personal Loan can be tailored to suit your preferences. Read More

Planning a wedding? Check.
Need a dreamy getaway? Done.
Expensive home repairs on your mind? No problem.

Say goodbye to long waits and tedious paperwork. IndusInd Bank’s seamless process makes applying for a personal loan online truly effortless. Enjoy flexible repayment options, no collateral requirements, low interest rates, and exciting online personal loan offers tailored just for you.

Here’s what you should know about IndusInd Bank’s Personal Loan:

Maximum Loan Amount: up to ₹50 lakhs
Minimum Loan Amount: ₹30,000
Interest Rates Starting from: 10.49 p.a.%*
Tenure: 12 to 72 months.

Illustration: For an online personal loan amount of ₹1 lakh and a tenure of 48 months, at an interest rate of 10.5%, the EMI payment would be ₹2,560.

Apply for an instant personal loan online within minutes from your phone or laptop, anytime, anywhere. We understand your need for urgent access to funds. Hence, we believe in instant approvals and quick disbursals! Once the loan contract is signed, the money is instantly disbursed in your account!

So, wait no more! Apply now and watch your dreams become reality.

*Terms and Conditions Apply.

Read Less

Documents Required For Personal Loan - IndusInd Bank

Best offers on Personal Loan - IndusInd Bank

Personal Loan Kyc Documents - IndusInd Bank

Apply Instant Personal Loan Online - IndusInd Bank

Input your details
Let us know your details and loan requirement
Best offer for you
Basis your details we fetch best offer for you
Complete application
Complete V-KYC and Auto repayment setup
Get Money in account
Sign contract digitally for instant disbursement in your bank account

APPLY NOW

There are no collaterals required on the loan application. As one of the leading loan providers in India, IndusInd Bank offers personal loan with low interest rates & flexible tenure. Apply online to submit your loan application for quick processing.

Personal Loan Features & Benefits

IndusInd Bank’s personal loans require minimal documentation and provide ease of applying online.

Easy documentation

Obtain an instant personal loan with simple documentation, quick processing and speedy disbursal.

Flexi Personal Loan tenure

Apply for personal loan and choose a comfortable loan tenure between 1 to 6 years.

Best-in-class features

Enjoy the convenience of doorstep service, low personal loan interest rates, no stress of collaterals or guarantors and lots more!

Online Application

Apply for a personal loan anytime, anywhere. All you need to do is fill out this form.

Instant Approvals

Get instant personal loans with easy documentation, quick processing, and speedy disbursals.

Competitive Interest Rates

Benefit from attractive interest rates that make IndusInd Bank’s Personal Loans affordable.

No Collateral Required

Simple application process with zero collaterals required.

Flexible Repayment Options

Choose a repayment tenure that works for you. You can choose to repay borrowed funds between 1-6 years.

Calculate EMI on your Personal Loan

Calculate your EMI and know your monthly payable amount even before you apply for a personal loan.

I wish to avail a Personal loan amounting at interest rate for approximately months.

CALCULATE NOW

These Calculations may vary from actual figures. For more details, visit here.

Use our personal loan EMI calculator to calculate your applicable EMIs and determine your annual repayment amount even before applying for a loan.

Eligibility Criteria for Personal Loan

Check your eligibility before applying for personal loan basis your employment type.

Personal Loan Eligibility

Minimum age to apply for personal loan should be 21 years.
Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier.
Minimum net monthly income should be Rs.25000 for personal loan online application.
Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.
Should have completed minimum 1 year of stay at the current residence, if rented.

Documents for Salaried Employees

Application :

Application form with photograph
Proof of Identity:
Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
KYC:

Valid identity/Residence/Signature proof
Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
Banking:
- Latest 3 months’ Salary Credit Bank Statement.

Personal Loan Eligibility

Minimum age to apply for personal loan should be 25 years
Maximum age at loan maturity should be 65 years
Minimum annual net income post tax should be Rs.4.8 lakh
Should have 4 years of post qualification experience

Documents for Self Employed Professionals to apply for personal loan

Application :

Application form with photograph
Proof of Identity:
Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
KYC:

Valid identity/Residence/Signature proof
Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
Banking:
- Latest 6 months Practice Current Account and latest 3 months’ Primary Savings Bank Statement.

Personal Loan Eligibility

Minimum age to apply for personal loan should be 25 years
Maximum age at loan maturity should be 65 years
Minimum annual net income post tax should be Rs.4.8 lakh
Should have 5 years of post qualification experience

Personal Loan Documents for Self Employed Individuals

Application :

Application form with photograph
Proof of Identity:
Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
KYC:

Valid identity/Residence/Signature proof
Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
Banking
- Latest 6 months Business Current Account and latest 3 months’ Primary Savings Bank Statement.

Know More

Personal Loan Interest Rates & Charges

We at IndusInd Bank are here to help you in the event of a financial crunch. With us, you can obtain personal loan at attractive interest rates. Below are the features at a glance:

30,000 - 50 Lacs

Loan Amount*

*Loan Amount will be in the range of 30,000 to 50 Lacs.

Upto 3.5%

Processing Fee**

**Processing Fee – Upto 3.50%

Starting from 10.49%

Low interest rate***

*** Terms and Conditions apply.

*All Fees & Charges are excluding applicable Government taxes or charges.

Direct Assignment

Bank has partnered with below NBFCs on Direct Assignment

S.No.	Partnerships
1.	Navi (Navi Finserv Ltd.)

Digital Lending Apps (DLAs)

Name	Link
EasyCredit Personal Loan (DIY Platform)	Click Here
EasyLoan (Pre-Approved PL Offer)	Click Here

eNACH Registration for Personal Loan

For eNACH registration of your existing personal loan - Click Here

Personal Loan FAQs

What is a Personal Loan?

A Personal Loan is an unsecured term loan provided by the bank that an individual can use as per his/her personal need. A personal loan unlike a home or car loan do not require lock in of any collateral by the applicant.
What is the minimum eligibility for a Personal Loan?

The minimum eligibility for an instant Personal Loan is:
a) An individual should be 21 years of age at the time of application.
b) The minimum net monthly income should be at least Rs. 25,000.
c) Completed minimum of two years in employment and one year in the current organization.
d) Completed minimum one year of stay at the current residence, if rented.
What are the Personal Loan tenure options?

You can choose to avail an instant Personal Loan with tenure from 12 to 72 months.
What is the maximum tenure available for an instant Personal Loan?

A Personal Loan is offered for a maximum of 6 years (72 months).
What is the minimum tenure available for a Personal Loan?

A Personal Loan is offered for a minimum of 1 year (12 months).
What are the steps to apply for an instant Personal Loan?

Follow the steps below to apply for an instant Personal Loan online:
- Visit our Personal Loan page and provide few basic details like your mobile number, PAN card number etc. to get started
- Verify your address details
- Check out your Personal Loan offer and complete your video KYC
- Provide your bank account details for disbursement
At what interest rate can I avail an instant Personal Loan online?

At IndusInd Bank, you can avail an instant Personal Loan with rate of interest starting as low as 10.49%. Terms and conditions apply.
Are there any additional charges?

A processing fee of up to 3.5% of the loan amount and requisite documentation charges are applicable, and the same is deducted from the loan amount at the time of disbursal.

Can I Get a ₹5 Lakh Personal Loan from IndusInd Bank Instantly?

A personal loan serves as a valuable tool when you find yourself in need of immediate funds. In this blog post, we will explore the factors that influence loan approval from IndusInd Bank and shed light on the process involved to evaluate whether IndusInd Bank offers personal loan instantly.

7 Ways To Get The Best Personal Loan Rates

Whether for an emergency, a dream vacation, or a home renovation project, a personal loan can provide the funds you require quickly. But the commonly asked question is, how can you get the best rates? Here are 7 insightful strategies to help you unlock the lowest personal loan rates in 2023.

Tips for Managing your Personal Loan EMI Payments

Managing your personal loan EMIs is not always as easy as it sounds. However, you may manage your personal loan EMI payments with ease keeping certain tips in mind. Read on to discover 5 great tips for managing your personal loan EMI payments in the best way possible.

How To Choose The Right Personal Loan For Your Needs

Choosing the right personal loan can often seem like a difficult task. Today, countless options are available, each with its own unique features and benefits. However, by understanding your own financial needs and circumstances, you can make the process considerably simpler.

How To Calculate Personal Loan EMIs

Whether you’re contemplating a loan for a much-needed home renovation, managing unforeseen expenditures, or planning a dream vacation, your ability to calculate your loan EMIs can greatly influence your financial decisions. Let’s begin this journey of financial literacy, and by the end of this blog, you’ll be well-versed in calculating personal loan EMI

All You Need to Know Before Applying for a Personal Loan

Whether it’s funding a wedding, consolidating debt, or handling medical expenses, an instant personal loan can provide you with quick access to funds. However, it’s crucial to understand certain key aspects before applying for a personal loan. In this blog, we will discuss the important factors you must know before applying for a personal loan.