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IndusInd Bank Personal Loan

Find IndusInd bank Personal loan interest rates 2016. Check & compare , Documents , EMI , Eligibility , Charges , Interest rates , loan amount , Application Status at OneClickFinance.

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Indusind Bank Personal Loan Interest Rates 2016

Cat A Cat B Others
Salary <50k (Rate- 14.5% -15.25%) Salary <50k (Rate- 16% -16.5%) Salary <50k (Rate- 19% -20%)
Salary 50k – 1 Lakh (13.75% – 14.25%) Salary 50k – 1 Lakh (15% – 15.5%) Salary 50k – 1 Lakh (18% – 19%)
Salary >1 Lakh (12.99% – 13.5%) Salary >1 Lakh (14% – 14.5%) Salary >1 Lakh (17.5% – 18.5%)


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
Current Experience Min. 1 yr & 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 clearences
Turn Around Time 3-4 working Days 3-4 working days


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

– Chandigarh / Panchkula, Ahmedabad, Bangalore, Delhi / New Delhi, Mumbai, Chennai, Faridabad, Navi Mumbai, Hyderabad / Secunderabad, Ghaziabad, Pune, Coimbatore, Gurgaon, Thane, Vishakhapatnam, Jaipur, Nagpur, Kochi, Kolkata, Surat, Noida, Baroda, Amritsar, Indore, Bhubaneswar, Cuttack, Jodhpur, Kanpur, Lucknow, Ludhiana.