IndusInd Bank provides personal loans with a maximum amount of Rs 50 lakh and repayment periods of up to 5 years. The interest rate starts at 10.49% per annum. They also offer a fast and convenient online application process, ensuring quick loan approval within minutes. Learn more about IndusInd Bank Personal Loans below.
Up to ₹50L
10.49% - 26%
1-5 Years
Upto 3%
The IndusInd Bank personal loan interest rate starts from 10.49% per annum. While IndusInd Bank hasn't disclosed specific details about different interest rates based on credit scores or other factors, lenders generally take into account monthly income, job profile, employer’s reputation, credit score, etc., when determining the personal loan interest rates for their applicants.
| Table of Contents | ||
|---|---|---|
| Comparison of Personal Loan Interest Rates Offered by Top Lenders | ||
| Fees & Charges | ||
| Types of Induslnd Bank Personal Loans | ||
| Eligibility Criteria | ||
| Documents Required | ||
| FAQs | ||
| Banks/NBFCs | Interest Rates(p.a.) | |
|---|---|---|
| Axis Bank | 10.49% onwards | Apply Now |
| IndusInd Bank | 10.49% onwards | Apply Now |
| IDFC First Bank | 10.49% onwards | Apply Now |
| HDFC Bank | 10.50% onwards | Apply Now |
| ICICI Bank | 10.50% onwards | Apply Now |
| Kotak Mahindra Bank | 10.99% onwards | Apply Now |
| Tata Capital | 10.99% onwards | Apply Now |
| Bajaj Finserv | 11.00% onwards | Apply Now |
| Federal Bank | 11.49% onwards | Apply Now |
| DMI Finance | 12.00% - 40.00% | Apply Now |
| L&T Finance | 12.00% onwards | Apply Now |
| Kreditbee | 12.25% - 30.00% | Apply Now |
| MoneyTap | 12.96% onwards | Apply Now |
| Piramal Finance | 12.99% onwards | Apply Now |
| Aditya Birla | 13.00% onwards | Apply Now |
| MoneyView | 15.96% onwards | Apply Now |
| Cashe | 27.00% onwards | Apply Now |
Also read: Best Personal Loan Interest Rate
| Particulars | Rates | |
|---|---|---|
| Processing Fee | Up to 3% of the sanctioned loan amount | |
| Prepayment fees | 4.00% of the principal remaining after 12 estimated monthly instalments | |
| CIBIL report | Rs 50 per instance per set as applicable | |
| Loan cancellation charges | Rs 1,000 per event | |
| Payment dishonour charges | Rs 450 per instance | |
| Charges for duplicate statement | Rs 250 per instance | |
| Loan rescheduling charges | Rs 1,000 per event | |
| Penal charges | Rs 150 per EMI delay beyond 5 days | |
| ECS/Cheques/SI swapping charges | Rs 500 per event | |
| Stamp duty | As per the laws | |
| Legal charges | As per actuals | |
| Charges for duplicate amortization schedule | Rs 250 per event | |
| Duplicate no dues certificate | Rs 250 per event | |
| Document photocopy charges | Rs 250 per event | |
Also read: Best Personal Loan in India
Purpose: IndusInd Bank offers a Wedding Loan to assist applicants in covering various expenses associated with weddings.
Purpose: IndusInd Bank provides a Personal Loan for Education designed to help applicants achieve their educational goals.
Purpose: IndusInd Bank provides a Personal Loan for Home Renovation, allowing applicants to renovate, improve, and extend their existing home property.
Purpose: IndusInd Bank provides a Medical Loan to assist consumers in handling various medical expenses, including medical bills, surgeries, hospitalization, and more.
Purpose: Individuals who have personal loans from other banks or NBFCs can utilize the IndusInd Bank Personal Loan Balance Transfer facility. This enables them to transfer their existing personal loan to IndusInd Bank at more favorable interest rates.
Also read: Best Personal Loan Status
To be eligible for an IndusInd Bank Personal Loan, the applicant must meet the following criteria:
Also read: Best Personal Loan Eligibility
To apply for an IndusInd Bank Personal Loan, you need to provide the following documents:
Also Read : Best Personal Loan Documents Required
If you apply for a personal loan with IndusInd Bank and provide accurate details, your loan can be approved and disbursed within a few hours after a thorough verification process. However, if there are errors in the information you provide, it may take an additional 1-2 days. Additionally, the bank offers pre-approved instant personal loans to certain customers, ensuring faster processing and quick disbursal of funds.
IndusInd Bank hasn't mentioned a specific credit score cutoff for personal loan applicants. But having a credit score of 750 or higher improves your chances of getting a personal loan, and you may even qualify for lower interest rates.
Also read: Best Personal Loan Balance Transfer
Yes, prepayment can be made after repayment of 12 EMIs subject to prepayment charges of 4% of outstanding principal.
IndusInd Bank hasn't provided specific details about the interest rates for personal loans, except mentioning that they start from 10.49% per annum. The bank also hasn't specified interest rates for different types of personal loans such as those for weddings, home renovations, medical expenses, etc.
Typically, like other lenders, IndusInd Bank considers factors like age, credit score, repayment history, job profile, and monthly income when determining the interest rates for personal loan applicants.
Also read: Best Personal Loan Salaried Employees
