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).

Personal Loan with Digital Application Process

Personal Loan: Get 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 7 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 84 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.

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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 7 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 1-7 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

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

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 banks and financial institutions. What makes Personal Loans distinct is that an individual can use the loan amount as per their needs. You borrow a certain amount from the bank and must repay it with the applicable interest rates. A personal loan does not require lock-in of any collateral by the applicant.

How does Personal Loan work?

When you apply for a personal loan, the bank follows the due procedures. If the application is approved, you will receive the agreed sum in your bank account. You can use this amount as you see fit.

You must repay the amount to the bank in instalments over a chosen tenure as per the interest rate.

What can I use a Personal Loan for?

You can use the Personal Loan amount for various purposes, such as consolidating debt, fund home renovations, cover medical expenses, finance a wedding, or manage travel costs. It offers flexibility to address unexpected financial needs, pay for education, or even support a business venture. A personal loan provides the financial freedom to meet diverse personal and professional requirements. IndusInd Bank provides Personal Loans catering to various needs. So, apply now!

MORE FAQs

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

How to apply for a pre-approved instant Personal Loan online?

IndusInd Bank offers pre-approved personal loans to select customers.

You can click on the below link to verify your eligibility for the pre-approved personal loan.
Link: https://easycredit.indusind.com/

This convenient option allows eligible customers to access funds without extensive paperwork or waiting periods, ensuring a seamless borrowing experience.

How do I approach IndusInd Bank for a Personal Loan?

You can approach us in any of the following ways for a Personal Loan:

1. Apply Online – You can apply online for loan amount upto Rs. 5 lac through a complete digital process by visiting the bank’s website.

2. Reach out to our representative through our 24-hour Customer Care number: 1860 267 7777 or write to us at

3. Or you can simply walk into your nearest bank branch, in the select cities where we offer Personal Loans. Use our Branch Locator tool to find your nearest IndusInd Bank branch.

What are the minimum and maximum tenure and amounts available for an Instant Personal Loan?

You can get an instant personal loan online for amounts ranging between ₹30,000 to ₹5 Lacs and tenure ranging 12-48 months through a complete digital process with no physical documentation required using only your PAN card and Aadhaar number.

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

You can avail an Instant Personal Loan with IndusInd Bank at low interest rates starting from 10.49%. However, one must know interest rates can vary based on a lot of factors. Your credit score, income, loan amount, and repayment capacity are some factors that banks take into consideration. In addition, the applicant’s profile also determines the interest rates.

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.

Is there any stamp duty applicable for taking Personal Loan?

Yes, stamp duty is applicable for Personal Loan agreements. However, the exact amount may vary between states. Banks charge stamp duty as per the state’s applicable stamp laws.

What should I do if my Personal Loan gets rejected?

If your personal loan gets rejected, try to understand the reason for rejection. You can contact the bank to get a clear idea regarding this.

Also, you can work on improving your credit score, clearing existing debts, and ensuring that all application details are accurate. Reapplying after addressing these issues can improve your chances.

If you have urgent financial needs, you can also consider applying with a co-applicant.

How to calculate personal loan EMI?

To calculate EMI, banks use the following formula:

E = P x R x (1+r)^n/((1+r)^N – 1.

Here,

‘E’ = Equated Monthly Instalment

‘P’ stands for principal amount

‘R’ denotes the applicable rate of interest

‘N’ stands for the loan term or tenure.

However, you can simply use our Personal Loan EMI Calculator to get an estimate of your EMI with just a few clicks.

MORE FAQs

What are the documents required for a Personal Loan?

Salaried individuals must provide the following documents for a Personal Loan:

Application form with photograph
Proof of Identity:
- 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 slips
Banking: Latest 3 months’ Salary Credit Bank Statement.

Self-employed individuals and professionals will also have to provide bank statements for their Current Account and Primary Savings Account.

However, for Instant Personal Loans upto ₹5 lakh, you can apply online through a complete digital process with no physical documentation required using only your PAN card and Aadhaar number.

What is the minimum eligibility for a Personal Loan?

To apply for a Personal Loan with IndusInd Bank, a salaried individual must:

Be minimum 21 years of age.
Have a minimum net monthly income of ₹25,000.
Have completed a minimum of 2 years in employment and a minimum of 1 year in the current organisation.
Should have completed a minimum 1 year of stay at the current residence, if rented.

In addition, their maximum age at the loan’s maturity should be 60 years or retirement age, whichever is earlier.

The eligibility criteria vary for self-employed professionals and individuals. The minimum age to apply for personal loan is 25 years and maximum age at loan maturity should be 65 years. The bank will consider their annual net income post tax which should be ₹4.8 lakhs minimum and post qualification experience of minimum 4-5 years.

What is the CIBIL score required to get Personal Loan?

A minimum CIBIL score of 730 is required to be eligible for a Personal Loan.

What is the minimum salary required for a personal loan?

For a salaried professional, the minimum salary should be ₹25,000.

Self-employed professionals and individuals need to meet separate income criteria. They should have a minimum annual net income of ₹4.8 lakhs. This limit is considered after income tax deductions.

How much personal loan can I get if my salary is ₹25,000?

The personal loan amount depends on various factors like your credit score, existing debts, and repayment capacity.

MORE FAQs

How do I make overdue payments of my Personal Loan?

In case of any overdue EMIs, you can pay it by clicking on the link below:

Link: https://myaccount.indusind.com/LoanEMIWeb/default.aspx

You may also reach out to the bank and explain why the payment was overdue. The bank might offer a favourable solution.

Regardless, the ideal thing to is pay the overdue EMI as soon as possible, along with any late penalties. You can make the payment online, through a mobile banking app, or by visiting a branch.

Do you offer any top-up on the existing Personal Loan?

Yes, IndusInd Bank provides a top-up facility on existing personal loans. This option allows customers to borrow additional funds over their current loan amount. However, eligibility for the top-up facility is subject to the customer meeting the bank's policy norms and guidelines. You can reach out to the bank via a branch or our 24/7 customer service to get more clarity.

MORE FAQs

Personal Loan Blogs

How to Secure a Digital Personal Loan from the Comfort of Your Home

Digital banking has made it easy to apply for a personal loan. Gone are the days of lengthy paperwork and multiple visits to the bank. Today, you can apply for and receive a digital personal loan from the comfort of your home. Digital personal loans can offer convenience, speed, and flexibility. It makes them an ideal choice for those in need of quick funds. Let’s walk through the process of applying for a digital personal loan and understand its benefits.

What Is a Loan Agreement?

A loan agreement refers to the formal contract between a lender and a borrower. This agreement outlines the terms and conditions of the loan. When you are taking out a personal loan to fund a major expense, a loan agreement ensures that both parties (the borrower and the lender) are clear about their obligations. This document is important for establishing a legal framework that protects both the lender and the borrower of the personal loan. It also helps prevent misunderstandings and disputes

Tips for Getting Your Personal Loan Approved Instantly

In a world where time is of the essence, the prospect of getting a personal loan approved instantly is a game-changer. Whether you’re facing a financial emergency or seizing a timely opportunity, the speed of approval can make all the difference. To help you master the art of securing instant personal loan approval, we’ve compiled a comprehensive guide with proven tips and essential insights.

What Is Credit History?

When you apply for a personal loan, there are many aspects of your credit health that the bank takes into consideration. One of the key elements of your credit health that will be in focus during the process is your credit history. As the term suggests, it is a reflection of your past credit behaviour and includes your previous borrowing and repayment conduct.

How To Get a Personal Loan Without Security?

In today’s fast-paced world, financial needs can arise unexpectedly. It could be medical emergencies, home renovations, education, or a dream vacation. One of the most convenient ways to secure such funds is through a personal loan. Fortunately, obtaining a personal loan without security is not only possible but also straightforward.

What Is Reducing Interest Rate?

Interest rates on a loan significantly impact the total cost of borrowing. Among the various types of interest rates, the reducing interest rate stands out. But what is the reducing interest rate? And how does it have the potential to save borrowers money over the loan tenure? This article aims to demystify the concept of a reducing interest rate, explain its benefits, and much more.