IndusInd Bank Chennai
Last Updated : Sept. 5, 2018, 3:21 p.m.
About IndusInd Bank
The IndusInd bank is one of the new generation banks which has commenced its services from the year 1994. The bank is one of the emerging banks in India. The name of the bank is well thought as it has been derived from the Indus valley civilization which is one of the most ancient and well-known cultures. It has taken the inspiration from it which was a mixture of the spirit of innovation and the trade and business practices. The bank has also followed the same footstep and came up with the creative and innovative ideas like the video branch, direct money, check on cheques, my account my number etc. The bank is also doing well in the terms of business and profit making. The bank has extended its reach with the opening of more than 1000 branches and 1,800 ATMs which are spread throughout the country.
The bank is doing well in the Retail sector banking and is continuously upgrading its support system to deliver the best financial solutions. The bank wants to be the relevant business and banking partners to its clients. The idea is to increase and expand the customer expectation by giving them the fitting solutions to their banking requirements. The aim of the bank is to be the forerunner in the marketplace in terms of the profitability, productivity, and efficiency. The bank has set the goal for next three years where it wants to expand its reach by doubling the profit, branches, and clients. Thus, it is relentlessly striving hard to give the solutions with the help of its professional and vibrant workforce as well as latest technology.
Address of IndusInd Bank Branches in Chennai
| Chennai | NO.3 Village Road Nungambakkam, Chennai - 600034 | INDB0000007 | 600234002 | 044 28234788 / 99 / 28235471 / 28259150 28235489, 28259253, 28203638 |
|---|---|---|---|---|
| Anna Nagar | Al Complex, W 115 A, 3rd Avenue, Annanagar, Chennai 600040 | INDB0000046 | 600234003 | 044 5218 0926/27/28 42180924 |
| Adyar | Sreela Terrace, Old No. 48, New No. 105, 1st Main Road, Gandhi Nagar, Adyar, Chennai - 600020 | INDB0000051 | 600234004 | 044 52607575 - 79 52607577 |
| Ashok Nagar, Chennai | Ground Floor, No42, 10th Avenue, Ashok Nagar, Chennai - 600083 Tamil Nadu | INDB0000177 | 600234009 | 044-24851067/68/69/71/72 24851070 |
| Teynampet | 30, OLD NO.159, Eldams Road, Teynampet, Chennai 600 018 | INDB0000315 | 600234013 | 044- 24315630 - 35 |
| T Nagar, Chennai | 5/6 Old No.3/2 Swetambar, Bazullah Road, T Nagar, Chennai 600 017 | INDB0000328 | 600234013 | 044 - 2815 6931/32/34/35/38 |
| Kilpauk, Chennai | Ground Floor, New No 9, (old No 5), Balfour Road, Kilpauk, Chennai- 600 010 | INDB0000361 | 600234017 | 044-26420409/0423/0436/0468 |
| Aminjikarai, Chennai | Ground Floor At No. 1& 3, Lakshmi Ammal Street, Ayyavoo Naidu Colony, Aminjikarai, Chennai 600 029, Tamil Nadu | INDB0000381 | 600234015 | 1860 500 5004 |
| Medavakkam, Chennai | Ground Floor, G-3, Ragamalika, Phase-ii, # 150, Tambaram Velachery Main Road, Medavakkam, Chennai- 600 042, TN | INDB0000388 | 600234016 | 044 22770972/0981/0989/0968 |
| East Mogappair Chennai | G 3, Block 1, Amm Towers, No 50, Thiruvallur Main Rd, East Mogappair, Chennai 600 037, TN | INDB0000567 | 600234018 | 26568485 |
| Velacherry | Ground Floor, Dev Apartments # 28a/1, Venkateshwara Nagar, 100ft Bye Pass Road, Velachery, Chennai- 600 042, Tamil Nadu | INDB0000606 | 600234019 | 044 - 22590228, 22590268, 22590235, 22590284 |
| Royapettah Chennai | Upper Grd First Floor Door No 151 Old Door No 90 Avvai Shanmugam Salai Royapettah Chennai 600 014 TN | INDB0000803 | 600234020 | 49527607 |
| West Anna Nagar | 2067 13TH Main Road | INDB0000822 | 600234021 | 9176599773 |
| Chinmaya Nagar Chennai | Grd Flr Dr Ksv Towers New No 30 Kaliamman Koil Street Chinmaya Nagar Koyambedu Chennai 600092 Tn | INDB0000854 | 600234022 | 24792569 |
| Nelson Manickam Road Chennai | Ground Floor Priyan Plaza 76 Nelson Manickam Road Chennai 600029 Tamil Nadu | INDB0000860 | 600234023 | 23741315 |
| K K Nagar Chennai | First And Second Floor K Karunanidhi Building 877a Ramasamy Salai Kk Nagar Chennai 600078 Tamilnadu | INDB0000931 | 600234024 | 9840740267 |
| Perungudi Chennai | Grd 1st Flr Plot No118 Old Mahabalipuram Road Omr Perungudi Chennai 600096 Tamil Nadu | INDB0000932 | 600234025 | 24962391 |
Products Offered by the IndusInd Bank in Chennai
IndusInd Bank being the private sector bank has all the financial armor that they use to provide the financial aid to the customers. The financial kit includes the home loan, personal loan, car loan, loan against property, gold loan etc. The bank provides other services apart from these products like the investment options, insurance, video branch, check on the cheque, cash on mobile, quick redeem etc. So that the customer can enjoy the banking experience with all the possible solutions.
Basic details about IndusInd Bank products
| Product | Eligibility | Loan Amount | Interest Rate | Processing Fee | Tenure |
|---|---|---|---|---|---|
| Home Loan | The age of the applicant should be between 21 - 65 years Salaried individuals with minimum 3 years experience Business concerns, professionals and self-employed individuals working in the line of business/ profession for at least 3 years | Depend upon the individual's income and profile. | 8.40% - 9.75% | 0.50% of the loan amount | Up to 30 years or until attaining age of 70 years |
| Personal Loan | The age of the applicant should be between 21 - 60 years ( for the salaried individual) and 25-65 (for the self- employed professional or businessman) The minimum net salary should not be less than ₹ 25,000 per month for the salaried Individual For the self- employed businessmen or professionals the minimum annual net income should be ₹ 4.8 lakh for last 2 years. The salaried individual should have the minimum experience of 2 years in the job and at least 1 year at the current organisation. For the self employed professionals the minimum work experience should be at least 4 years and at least 5 years of work experience post qualification for the self- employed businessman. For the salaried individuals- You should at least have 1 year stay at the current residence. | Minimum of ₹50,000 Up to maximum of ₹ 15 lakh | 10.25% - 26.00% | 2.50% of the loan amount | Up to 5 years |
| Car Loan | Eligible Segments - Individuals, professionals, reputed firms and companies The age of the applicant should be between 21- 60 years for salaried individuals and 21- 65 years for self- employed. Minimum annual gross salary of the individuals should ₹ 2.50 lakh for salaried individual and minimum net profit for the self- employed should be ₹ 2 lakh. The salaried individuals Should have minimum work experience of 3 years and at least 1 year with the current employer. The self- employed should have the minimum experience of 3 year in the current business or professions. The applicant must have the residential stability. The minimum stay in the city should be at least 3 years and minimum stay of 1 year in the current residing house. The CIBIL score should be 600 and above. Should not have negative or caution profile. | 85% of the showroom value. Depend on the income and profile of the applicant. | As per bank's guidelines | Nil | For new vehicles - 3 years |
| Loan Against Property | Eligible Segments - Individuals, professionals, reputed firms and companies, closely held public limited company. Should be of age between 21- 70 years Any individual filing the income tax returns can apply. | As per the individual income and the property evaluation | 10.35%- 14.10% p.a. | 2% of the loan amount | Up to 15 years |
| Gold Loan | Any individual between 21 to 70 years Should own the gold. | Up to ₹ 6 lakh | 11.65%- 15.35% p.a. | 2% of the loan amount | From 3 to 12 months |
| Fixed Deposit | Individual Joint (max. 4 people) A guardian on behalf of a minor HUF Partnership Firm A company Association or any other Institution | Minimum - ₹ 1,000 Maximum - No predetermined limit | 2.50% - 6.00% | 15 days - 10 years 7 days - 14 days only on single deposit of ₹ 5 lakhs & above |
Documents Required
The documents required for the different products by IndusInd Bank Chennai are mentioned in the table below:
| Products | Documents Required |
|---|---|
| Home Loan | Loan Application with passport size photograph of applicant / guarantor Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Signature proof- Passport/ PAN Card Processing fee cheque Detailed cost estimate/valuation report from Bank's Panel Chartered Engineer/Architect Allotment letter of Co-operative Housing Society/ Apartment Owners' Association/Housing Board/NOC from the Society/Association/Builders/Housing Board Legal Scrutiny Report, EC for the past 13 years, Property Tax paid receipt, Khata and permission for mortgage, wherever necessary Last 3 months Salary Certificate and Form No.16/ITR for last 3 years (in case of salaried persons) IT Returns filed for the past three years (in case of non-salaried persons) Educational qualification certificate and the Proof of business existence (in case of self-employed businessmen or professionals) Balance Sheet and P&L Account for the past three years (in case of self-employed businessmen or professionals) |
| Personal Loan | Loan Application with passport size photographs Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Latest 3 months Salary Certificate and Form No.16 ( for the salaried individual) ITR/ITAO along with computation of income, B/S, P&L account with all scheduled certificate by the CA for last 2 years ( For the self- employed) Bank statement: For salaried individuals: Last 3 months bank statement (where salary is credited) For the self- employed: latest 6 months bank statement/ passbook (current account) For the self- employed: Proof of Qualification, Proof of continuity of business or profession. |
| Car Loan | 1 passport size photograph Proof of Identity: Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible and self attested) Proof of Address: Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Proof of Income: Latest 2 months salary slip with form 16 Audited balance sheet, and the latest 2 years IT returns of the company/ Latest ITR, bank statement reflecting salary credits for last 4 months. Bank Statement: Income statement, balance sheet and ITR for last 2 years ( for self- employed), Last 6 months bank statement (for salaried individual) Business Proof: CST Certificate/ Labour act, Shop establishment act/ssi certificate, Proof of ownership of entity, Rental deed/ Utility deed in the name of the company. |
| Loan Against Property | Duly filled Loan Application with passport size photographs - 2 copies each Identity proof- Passport copy, PAN Card, Voters Id card, driving license( Laminated, Recent, Legible) Residence proof- Ration card/Driving license/Voters card/passport copy/telephone bill/ electricity bill/Life insurance policy. Signature Proof: Passport/ PAN Card. Income proof: Last 3 month salary slip or salary certificate and ITR/ Form-16/ Appointment letter ( for the salaried individual) Last 2 years income tax returns and complete business profile and acknowledgement. Last 2 years financial with full schedules and audits by the certified CA. Bank Statement- Last 6 months bank statement, Last 3 years Profit/ loss and Balance sheet ( for self- employed professionals) Processing Fee cheque Property related documents: All the title related documents of the property that you wish to mortgage for loan. |
| Gold Loan | Identity proof Residence proof Photographs Signature proof |
| Fixed Deposit | Application form Copy of PAN Card / Form 60 or 61 (in case the customer does not have PAN Card) 2 Photographs of Depositor/s Identity Proof and Address Proof Any other related documents as applicable to proprietorship concern, Partnership Firm, Company, HUF etc. |
