Personal Loans - Apply Instant Loan Online
Turn your diverse dreams into reality with IndusInd Bank’s Personal Loans. Enjoy easy access to credit, a seamless application process, and competitive interest rates to empower your journey to financial success. Be it renovating your home, taking that dream vacation, or funding your wedding, IndusInd Bank is your trusted partner. Say yes to hassle-free personal loans to take charge of your financial needs! Apply for a personal loan with IndusInd Bank now!
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Let us know your details and loan requirement
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Basis your details we fetch best offer for you
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Complete V-KYC and Auto repayment setup
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Sign contract digitally for instant disbursement in your bank account
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.
Calculate EMI on your Personal Loan
Calculate your EMI and know your monthly payable amount even before you apply for a personal loan.
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
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
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Application :Application form with photograph
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Proof of Identity:Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
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KYC:Valid identity/Residence/Signature proof
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Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
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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
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Application :Application form with photograph
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Proof of Identity:Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
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KYC:Valid identity/Residence/Signature proof
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Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
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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
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Application :Application form with photograph
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Proof of Identity:Self-attested photocopy of any one of the following:
- Driving license
- Passport
- Voters ID
- Aadhaar
- PAN
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KYC:Valid identity/Residence/Signature proof
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Income proof:
- Form 16/ITR for last 3 years
- Latest 3 months salary slip
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Banking
- Latest 6 months Business Current Account and latest 3 months’ Primary Savings Bank Statement.
Types of Personal Loan
Personal Loan Interest Rates & Charges
With IndusInd Bank, you can obtain personal loans at attractive rates. A borrower must be at least 21 years old and be able to furnish the necessary KYC documents to submit a loan application. Your eligibility will determine the loan amount and the interest rate.
Interest Rate – Q4 2023-24 | |
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Minimum | 10.25% |
Maximum | 28.00% |
Mean | 18.31% |
Annual Percentage Rate (FY23-24)* | |
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Minimum | 10.25% |
Maximum | 34.05% |
*All Fees & Charges are excluding applicable Government taxes or charges
IndusInd Bank’s instant personal loan is one of the easiest ways to get financial aid to make sure you do not compromise on the more important things in life. We, at IndusInd Bank, are here to help you in the event of a financial crunch. Here’s what we can do for you, at a glance:
We, at IndusInd Bank, are here to help you in the event of a financial crunch. Here’s what we can do for you, at a glance:
Direct Assignment
Bank has partnered with below NBFCs on Direct Assignment
S.No. | Partnerships |
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1. | Navi (Navi Finserv Ltd.) |
Digital Lending Apps (DLAs)
Name | Link |
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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.