Indusind Bank Personal Loan – Interest Rates 2024, Eligibility
Check IndusInd bank Personal loan interest rates 2024. Check & compare ✓ Documents ✓ EMI ✓ Eligibility ✓ Charges ✓ Interest rates ✓ loan amount ✓ Application Status.
Indusind Bank Personal Loan Interest Rates 2024
| Personal Loan Interest Rates | 10.49% – 26.00% |
| Processing Fees | Up to 3% of loan amount |
| Prepayment Charges | 4% of the principal outstanding after repayment of 12 EMIs |
| Loan Amount | Rs.30000 to Rs.50 Lakh |
| Repayment Period | Upto 5 Years (60 Months) |
Features & Benefits of IndusInd Bank Personal Loan
- Obtain a loan easily with Simple Documentation, Quick Processing and Speedy Disbursal.
- Repayment options available from 1 to 5 years.
- Doorstep Service for easy process
- lowest rates available for borrowers
Indusind Bank Personal Loan Details:
| Eligibility Criteria | Salaried | Self Employed |
| Net Monthly Income | 25,000 (Listed & Non Listed both) | Min. Annual Net Income post tax should be Rs 4.80 Lakhs |
| Age of Applicant | Min. 21 years Max. 60 Years / retirement age whichever is lower at the time of loan maturity | Min. 25 years Max. 65 Years at the time of loan maturity |
| Current Experience | Min. 1 yr & above | Min. 5yrs of Post qualification |
| Total Job Experience | Min. 2Yr & above | Min. 5yrs of Post qualification |
| Min. Loan Amount | 1 Lakhs | 1 Lakhs |
| Max. Loan Amount | 15 Lakhs (Listed Companies) 7Lakhs (Non- Listed Companies) | 10 Lakhs & above |
| Min. Tenure | 12 Months | 12 Months |
| Max. Tenure | 60 months(Listed Companies), 48 months (Non- Listed Companies) | 48 months |
| Processing Fee | 0.5%- 2% | 0.5%- 2% |
| Prepayment Charges | 4% post 12 EMI clearance | 4% post 6 EMI clearence |
| Turn Around Time | 3-4 working Days | 3-4 working days |
What is the minimum eligibility for a Personal Loan?
The minimum eligibility for an instant Personal Loan is:
- An individual should be 21 years of age at the time of application.
- The minimum net monthly income should be at least Rs. 25,000.
- Completed minimum of two years in employment and one year in the current organization.
- Completed minimum one year of stay at the current residence, if rented.
Documents List of Indusind Bank Personal Loan
Documentation for Salaried Employee
- Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
- Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Valid ✓ Passport – provided the passport address is present address mentioned in application form.
- Proof of Income: Latest 3 months salary slip / salary certificate and latest Form 16
- Bank Statements: Latest 3 months bank statement (where salary is credited).
Documentation for Self-employed Individual
- Proof of Identity: Passport / Driving License / Voters ID / PAN Card / card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
- Proof of Residence: Leave and License Agreement / Ration Card / Utility Bill (not more than 3 months old) / Trade License / Establishment / Sales tax certificate/ Valid Passport – provided the passport address is present address mentioned in application form.
- Business (Current Account) Bank Statements (latest 6 months Bank Statement / Passbook)
- Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA.
- Business continuity Proof: Trade license / Establishment / Sales Tax Certificate)
- Additional Mandatory Documents: Sole Proprietorship Declaration / Certified copy of Partnership Deed / Certified copy of MOA, AOA & Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm’s B/S, P&L a/c with all schedules certified by a CA.
IndusInd Bank offers personal loans in these cities only
New Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Chandigarh, Mohali, Amritsar, Ludhiana, Lucknow, Kanpur, Jaipur, Jodhpur, Dehradun, Karnal, Kolkata, Bhubaneshwar, Siliguri, Mumbai, Navi Mumbai, Thane, Pune, Nagpur, Ahmedabad, Baroda, Surat, Indore, Bangalore, Chennai, Hyderabad, Secundrabad, Kochi, Coimbatore, Vizag, Mysore.
