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

IndusInd Bank Personal Loan in Kochi


About IndusInd Bank Personal Loan in Kochi

Kochi is one of the coastal city in the state of Kerala. It is one of the developing city with many landscapes beauty. It has many branches of IndusInd bank. The bank provides one of the best personal loans which has competitive rates and comes with best features and benefits. It offers rate at affordable rates and with minimum documentation.

IndusInd Bank Personal Loan Kochi 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 the 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 Kochi.

Address of IndusInd Bank Branches in Kochi

Branch NameAddressIFSC CodeMICR Contact Details
KochiGouri Narayan, (opp. To New Jayalakshmi Silks), 40/8399, 8400, M. G. Road, Kochi – 682035INDB00000106822340020484 2360888 (4 LINES) 2382222
KakkanadC SEZ Administrative Building, Kakkanad, Kochi 682037 KeralaINDB00000916822340030484 2413252 2413251
Kochi Extension CntrIpstavi By 50 Jew Town, Mattancherry, Kochi 682 002INDB0000510NON-MICR1860 500 5004
Palarivattom KochiGrd Flr 32 1169 A1 Jj Bldg Civil Lines Road Palarivattom Ernakulam Kochi 682025 KeralaINDB00007606822340062341301
Kadavanthra KochiGrd Flr Jn Corner Subhash Chandra Bose Road Jawahar Nagar Kadavanthra Ernakulam Kochi 682020 KeralaINDB00008856822340072207414

  • 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%