IndusInd Bank Personal Loan

IndusInd Bank gives personal loans at low interest rates for different needs. You can apply online and get the loan quickly with fast approval. You can borrow up to ₹15 lakh, and the interest rate starts from 10.49% per year. There is a processing fee of up to 3.5% of the loan amount, and the money is given fast after approval.

IndusInd Bank
Loans Upto Rs. 15 Lakhs.
100% Paperless Approval
✔
Loan Amount
Up to ₹15L
Interest Rate
10.49%
Tenure
5 Years
Processing Fee
Fee: Up to 3.50%
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Fees & Eligibility
Fees & Charges
  • A pre-closure charge of 4% of the outstanding loan amount (plus applicable taxes) will apply.
Eligibility Criteria
  • Salaried individuals need at least 2 years of work experience, including 1 year at their current job.
  • Self-employed people should have at least 5 years of experience after completing their required qualification.
  • Salaried individuals must be aged between 23 and 58 years.
  • Self-employed individuals must be aged between 28 and 68 years.
Documents
  • KYC - PAN, address & ID proof
Features
What you'll love
  • Get approved quickly with flexible loan tenure
  • No need for a guarantor
  • Pre-qualified offer without any income documents
  • Complete KYC online via a video call with the bank
  • Option to close the loan early without extra hassle
Loan Benefits
- Fast loan approval and quick transfer of money directly to your bank account
- Competitive interest rates to keep your borrowing cost lower
- No guarantor or collateral required
- Easy personal loan process with very little paperwork
- Flexible repayment options through ECS from any bank or IndusInd Bank account
- Flexible loan tenure options to choose a comfortable repayment period
- Option to transfer your existing loan balance to reduce high-interest debt
- Doorstep service available for loan-related formalities
Proof of identity
Aadhaar Card/Passport/Voter ID/Driving License
Proof of address
Aadhaar Card, Driving License, Passport, or Voter ID Card
Other documents
- Latest salary slip, current salary certificate, and Form 16 (for salaried applicants)
- Latest bank statement, ITR, or Form 16 (for self-employed applicants)
- Last 3 months’ bank statement or 6 months’ passbook
- Signed application form with a photograph
Fees and Charges for this Personal Loan
Payment Dishonor ChargesRs.450/- plus tax
Prepayment Charges
  • Salaried individuals: 4% of the outstanding loan amount after 12 EMIs.
  • Self-employed: 4% of the outstanding loan amount after 6 EMIs.
Penal ChargeRs.150 plus taxes if EMI payment is delayed by more than 5 days.
Loan Cancellation ChargesRs.1000/- plus taxes per event
Loan Rescheduling Fee:Rs.1000 + taxes for each change in loan terms.
Cheque/ECS/SI change charges:Rs.500 plus taxes per change
Duplicate Amortization Schedule ChargeRs.250/- plus taxes per request
Duplicate Statement ChargeRs.250/- plus taxes per request
Duplicate No Dues CertificateRs.250/- plus taxes per request
Fee for photocopy of agreement/documents:Rs.250 plus taxes per request
Frequently Asked Questions

How to apply for an IndusInd personal loan?

You can download the loan form from IndusInd Bank’s website by providing basic details.

Do I need a bank account with IndusInd?

No, it’s not necessary. But having an account makes repayments easier, allows quicker processing, and helps the bank offer loans suited to your profile.

What loan amounts are available?

Personal loans range from Rs. 50,000 up to Rs. 15 lakhs. The approved amount depends on your income, credit history, age, and repayment ability.

How long does it take to get approved?

After submitting all documents, loan approval usually takes 4-7 days.

How can I check my loan status or get statements?

You can check online through the bank’s website or net banking. If you don’t have an account, call or email your branch. For detailed statements, you may need to request them via phone or email.

Are there benefits for IndusInd account holders?

Yes. Account holders get faster loan processing, lower interest rates, and fewer document requirements.

What are the pre-closure charges and process?

You can pay off your loan early (pre-closure) by paying 4% of the remaining loan. This applies after 12 EMIs for salaried borrowers and 6 EMIs for self-employed.

How do I repay my loan?

Repayments are made through EMIs. You can set up automatic monthly deductions via ECS or standing instructions.