IndusInd Bank Personal Loan Chennai - Eligibility, Rates March 2024, EMI, IFSC

IndusInd Bank Personal Loan in Chennai

About IndusInd Bank Personal Loan in Chennai

The personal loan is one of the loan product which can be used for multi-purpose reasons and the is also called as an Unsecured loan. It does not require any security, guarantor or collateral against it. The loan is one of the financial which can be used for traveling, child’s education, wedding expenses or buying any expensive products. The bank does not need a reason to offer the personal loan. IndusInd bank offers the loan at very competitive rates and offers all types advantages and benefits which helps the customer to have a good banking experience.

IndusInd Bank Personal Loan Chennai at a glance

Interest Rate10.25% - 26.00%
Loan AmountMinimum of ₹50,000 Up to maximum of ₹ 15 lakh
TenureUp to 5 years
Processing fee2.50% of the loan amount subject to a minimum of ₹ 1000 plus tax
Pre- payment chargesSalaried: 4% of the principal outstanding after repayment of 12 EMIs.
Self Employed: 4% of the principal outstanding after repayment of 6 EMIs

Apply Personal Loan @ 10.75%* Rate

Eligibility Criteria

  • 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 organization.
  • 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.

Documents Required

  • 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.
  • Income Proof: 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.

To get further details, click Personal loan Chennai.

Address of IndusInd Bank Branches in Chennai

ChennaiNO.3 Village Road Nungambakkam, Chennai - 600034INDB0000007600234002044 28234788 / 99 / 28235471 / 28259150 28235489, 28259253, 28203638
Anna NagarAl Complex, W 115 A, 3rd Avenue, Annanagar, Chennai 600040INDB0000046600234003044 5218 0926/27/28 42180924
AdyarSreela Terrace, Old No. 48, New No. 105, 1st Main Road, Gandhi Nagar, Adyar, Chennai - 600020INDB0000051600234004044 52607575 - 79 52607577
Ashok Nagar, ChennaiGround Floor, No42, 10th Avenue, Ashok Nagar, Chennai - 600083 Tamil NaduINDB0000177600234009044-24851067/68/69/71/72 24851070
Teynampet30, OLD NO.159, Eldams Road, Teynampet, Chennai 600 018INDB0000315600234013044- 24315630 - 35
T Nagar, Chennai5/6 Old No.3/2 Swetambar, Bazullah Road, T Nagar, Chennai 600 017INDB0000328600234013044 - 2815 6931/32/34/35/38
Kilpauk, ChennaiGround Floor, New No 9, (old No 5), Balfour Road, Kilpauk, Chennai- 600 010INDB0000361600234017044-26420409/0423/0436/0468
Aminjikarai, ChennaiGround Floor At No. 1& 3, Lakshmi Ammal Street, Ayyavoo Naidu Colony, Aminjikarai, Chennai 600 029, Tamil NaduINDB00003816002340151860 500 5004
Medavakkam, ChennaiGround Floor, G-3, Ragamalika, Phase-ii, # 150, Tambaram Velachery Main Road, Medavakkam, Chennai- 600 042, TNINDB0000388600234016044 22770972/0981/0989/0968
East Mogappair ChennaiG 3, Block 1, Amm Towers, No 50, Thiruvallur Main Rd, East Mogappair, Chennai 600 037, TNINDB000056760023401826568485
VelacherryGround Floor, Dev Apartments # 28a/1, Venkateshwara Nagar, 100ft Bye Pass Road, Velachery, Chennai- 600 042, Tamil NaduINDB0000606600234019044 - 22590228, 22590268, 22590235, 22590284
Royapettah ChennaiUpper Grd First Floor Door No 151 Old Door No 90 Avvai Shanmugam Salai Royapettah Chennai 600 014 TNINDB000080360023402049527607
West Anna Nagar2067 13TH Main RoadINDB00008226002340219176599773
Chinmaya Nagar ChennaiGrd Flr Dr Ksv Towers New No 30 Kaliamman Koil Street Chinmaya Nagar Koyambedu Chennai 600092 TnINDB000085460023402224792569
Nelson Manickam Road ChennaiGround Floor Priyan Plaza 76 Nelson Manickam Road Chennai 600029 Tamil NaduINDB000086060023402323741315
K K Nagar ChennaiFirst And Second Floor K Karunanidhi Building 877a Ramasamy Salai Kk Nagar Chennai 600078 TamilnaduINDB00009316002340249840740267
Perungudi ChennaiGrd 1st Flr Plot No118 Old Mahabalipuram Road Omr Perungudi Chennai 600096 Tamil NaduINDB000093260023402524962391

  • Personal Loan Interest Rates March 2024
    HDFC Bank10.75% - 14.50%
    ICICI Bank10.75% - 19.00%
    IndusInd Bank10.25% - 26.00%
    Kotak Bank10.99%
    RBL14.00% - 23.00%
    SMFG India Credit12.00% - 24.00%
    Standard Chartered Bank11.49%
    Tata Capital10.50% - 24.00%