Indusind Bank Limited Personal Loan

Interest Rate starts from 13.00%

Personal Loan From Indusind Bank Limited

A personal loan can come in help for any kind of situation like marriage, vacation, festivals, medical emergency etc. ApnaLoanBazaar provides you the customized and personalized quote for Personal Loan at lowest interest rates from various banks.
Interest Rate starts from 13.00%
Processing Fee
Upto 2.0%*
Loan Tenure
Upto 3 Years
Guarantor Requirement
Not Allowed
Pre-Closure Charges

About Indusind Bank

Indusind Bank Limited established in 1994. It is the first among new generation private sector bank in India, headquartered in Mumbai. The bank has specialized in retail banking services and continuously upgrades its support systems by introducing newer technologies In June 2004, the bank was merged with Ashok Leyland Finance, which is among the largest leasing finance and hire purchase companies in India.

Indusind Bank has 800 branches, and 1500 ATMs as of April 2016


BrandZ Top 50 Most Valuable Indian Brands of 2015
‘Best Bank 2015’ by Business India.
‘Best Bank Award’ for Electronic Payment System among Mid-sized Banks by IDRBT for the year 2015-16.
‘Best Bank Financing the Industry - Highest Finance Sanctioned (Exports)’ by India Gem & Jewellery Awards 2015 (42nd Edition).
Golden Peacock Award for Innovation Management’ presented at the 15th London Global Convention on Corporate Governance & Sustainability
Excellence in Procurement Sustainability’ Runners-up Award , 2015

FAQs About Indusind Bank Personal Loan

What are the minimum and maximum personal loan amounts?
  • You can avail of personal loans that are ranging from Rs.50,000 to 15,00,000 depending on your eligibility, income, nature of job and repayment capacity.
What are the loan tenure options?
  • You can repay your loan over a period of 12 to 60 months
How long will it take for my Personal Loan to be approved?
  • Your personal loan will be disbursed within 4-7 working days post receipt of the required documents. All loan approvals are at the sole discretion of the bank.
Are there any additional charges?
  • A processing fee up to 2.5% of the loan amount and requisite documentation charges is payable same will be deducted from the loan amount at the time of disbursal.
How can I repay my Personal Loan?
  • You pay the loan in equated monthly installments (EMIs). The loan will be paid through ECS. You can also pay through a standing instruction to debit your IndusInd Bank account with the EMI amount.
What security do I need to provide to obtain this personal loan?
  • To obtain the loan, there is absolutely no need to provide any security or collateral.
Can I prepay/foreclose my personal loan?
  • You can prepay/foreclose the entire loan outstanding anytime after paying 12 installments for Salaried Clients and any time after 6 installments for Self Employed Clients. Prepayment charges as applicable would be levied on the outstanding loan amount.
Is part-prepayment of a Personal Loan allowed?
  • Part prepayment is not allowed. The personal loan has to either be prepaid in full or serviced for the contracted tenure.
Do I need to open an account with IndusInd Bank for availing and / or servicing the loan?
  • We will encourage you to start a banking relationship with us so that we will be able to offer a host of other value added services which are complimentary to the loan, however opening an account with us is not mandatory.
Do I get special privileges as a IndusInd Bank Customer?
  • As an IndusInd Bank Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. Having an account with us enables us to assess your financial requirements better; and assists us in providing you with services and loan amount commensurate with your payment ability and requirement.

Required Documentation For Salaried Persons

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Latest 3 months Payslips
  • Job Continuity Proof
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Required Documentation For Self Employed

  • Filled Application Form
  • Identity Proof (PAN CARD)
  • Address Proof
  • Last 2 years Income Tax Returns
  • Professional/Self employed existence proof for more than 3 years
  • 2 Passport Size colour Photographs
  • 6 months Bank Statements
  • 3 Post Dated Cheques/ECS Mandate

Identity Proof For Personal Loan

  • Passport
  • Driving License
  • PAN card
  • Photo credit card (with embossed Signature and last two months statement)
  • Banker's sign verification

Age Proof For Personal Loan

  • PAN Card
  • Passport
  • License
  • School leaving certificate
  • Voter card
  • Birth Certificate
  • LIC policy (only for age Proof)

Income Proof For Personal Loan

  • Latest salary slip
  • Current dated salary Certificate with latest form 16.
  • Latest year IT Returns with Tax Audit reports(For Self Employed applicants)

Job Continuity Proof For Personal Loan

  • Form 16
  • Relieving letter
  • Appointment Letter (for last two months)
  • Last 6 months of VAT/Service Tax returns (For Self Employed Applicants)

Banking History For Personal Loan

  • Bank statements of latest 2 months
  • 3 months bank passbook

Personal Loan Can Be Used For Many Purposes Like Below

Higher Education




Medical Emergency

Home Renovation

Consumer Goods

School Fees

Why To Avail Indusind Bank Personal Loans?
Expert Advice
Factors That Affect Interest Rates
Advantages And Disadvantages
10 Things To Keep In Mind
Indusind Bank Personal Loan Precautions