Presenting IndusInd Bank Personal Loans. Now you don’t have to wait to fulfill your dreams. Be it renovating your home, going on your dream vacation or buying your special someone that coveted gift, count on us to make it happen.

Fulfill all your financial needs with our hassle free online Personal Loan, which are designed to help you live life at the fullest.

• Obtain a personal loan easily with simple documentation, quick processing and speedy disbursal.
• Choose a loan tenure as per your convenience ranging from 1 to 5 years
• Enjoy the convenience of doorstep service
• Get the best in class personal loan interest rates
• You need not worry about collaterals or guarantors
• Get rid of your high interest debt through 'Balance Transfer Option'
• Choose a convenient repayment option from, IndusInd Bank a/c debit or ECS from your other bank

In addition to the above, we understand that the reasons for obtaining a personal loan can be numerous and varied. To cater to your specific requirements, IndusInd Bank offers you tailor-made personal loans in multiple categories.

Personal Loan Eligibility Criteria

Know your Personal loan eligibility criteria here

Eligibility for Salaried Employees:

This category includes salaried doctors, salaried Chartered Accountants, employees of select Public and Private Limited companies, Government Sector employees including Public Sector Undertakings and Central, State and Local bodies.

• Minimum age at the time of application 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
• 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

Eligibility for Self-employed Professionals:

This category includes self-employed doctors (MBBS and higher degree), Architects, Chartered Accountants, Company Secretaries, Engineers and MBA consultants.

• Minimum age at the time of application 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

Eligibility for Self-employed Individuals:

This category includes self-employed sole proprietors, directors and partners in the business of manufacturing, trading or services

• Minimum age at the time of application 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

Documents required for Personal Loan:

You can apply for a Personal Loan online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further process. Alternately, you can visit a branch and submit the Loan application form.

Documents for Salaried Employees:

• 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)

Documents for Self-employed Professionals:

• 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
• Proof of qualification: Highest Professional Degree
• Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
• Profession continuity proof

Documents for Self-employed Individuals:

• 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 and 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

Personal Loan Interest Rates & Charges

* Applicable Government taxes, levies etc. are over and above Fees & Charges

What is the applicable rate of personal loan?

Personal loans are effective financial solutions to raise some extra funds on an urgent basis. A personal loan, can be used for any purpose including renovating your house, paying for a wedding, purchasing business equipment, setting up a new office, clubbing outstanding dues against one loan, capitalizing on an investment opportunity or simply taking a long-awaited vacation and so on. However, they are unsecured loans that does require to disclose the reason for seeking funds.

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