IndusInd Bank Personal Loan

Highlights

  • IndusInd Bank Personal Loan comes to you at an attractive rate of 10.99%
  • This loan is available to you at flexible tenures so that you can repay it easily

About IndusInd Bank Personal Loan

Established in the year 1994, IndusInd Bank is the first among the new-generation private banks in India. With holding 800 branches, and 1500 ATMs in India, this reputed bank is planning to expand its network of branches all across the country via meeting the global benchmarks.

The name of the bank is derived from the Indus Valley Civilization. This bank specializes in retail banking services, and is known for fulfilling the varied needs of people via personal loan. Yes, this bank with its best of makes sure to meet all your personal needs.

Whether you need funds for home renovation, family vacation, friend’s wedding or any other personal financial need, the bank caters all your needs so that you can live life to the fullest. So, read this article further to know more about the IndusInd Bank Personal loan.

Enjoy a hassle-free loan journey that comes to you at lowest personal loan interest rates, flexible tenures and so on. We are talking about IndusInd Bank Personal Loan that can fulfill all your personal needs in the best way. Wanna know more about this unsecured credit facility? Take a look at the page below.

Personal Loan

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    IndusInd Bank Personal Loan Interest Rates August 2018

    If you want to avail a personal loan from IndusInd Bank, this bank with its attractive interest rates is here to make your journey all the more exciting and smooth. You can avail IndusInd Bank personal loan at an interest rate starting at 10.99% per annum. With lowest personal loan interest rates, you can also enjoy the lowest EMIs and Interest Outgo hence can have a hassle-free journey in the future.

    ParticularsDetails
    Interest Rates10.99% - 16.00%
    Min. Income ₹ 20,000 pm
    Loan Amount ₹15 Lakh
    Repayment Up to 5 Years
    Processing Fee 1%-3% of the loan amount

    Eligibility Criteria

    To avail the personal loan in IndusInd Bank, you need to fit into the below eligibility criteria.

    Eligibility Criteria SalariedSelf- employed
    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
    Net monthly income ₹25,000 Min. annual net income post tax should be ₹ 4.80 lakhs
    Current experience Min. 1 yr & above Min. 5yrs of post qualification
    Total job experience Min. 2Yr & above Min. 5yrs of post qualification

    Documents Required

    Next, thing on which you need to pay attention is the documentation required to get the personal loan in this bank.

    SalariedSelf-employed
    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 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) 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
    Valid passport – provided the passport address is present address mentioned in application form Business (current account) bank statements (latest 6 months bank statement / passbook)
    Proof of income: latest 3 months salary slip / salary certificate and latest Form 16 Latest 2 years ITR along with computation of income, b/s, p&l a/c with all schedules certified by a CA
    Bank statements: latest 3 months bank statement (where salary is credited) 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 Personal Loan EMI Calculator 2018

    The formula to calculate EMI (in arrears) is:
    E = P . r . (1+r)^n/((1+r)^n – 1)

    Suppose, you are interested in availing a loan of ₹ 2,00,000 from IndusInd Bank for 5 years at the rate of 10.99% per annum than what would be your EMI? Are you interested in knowing that? If yes, you can easily calculate the same with the help of an EMI calculator. Yes, this calculator allows you to know your EMI by doing all the calculations for you. This tool takes into the account, your loan amount, interest rate and tenure, and gives you the results in return. You just need to enter these fields into a calculator, it will give you the results instantly. Well, to make you understand, below is the calculation done done by the calculator for your home loan:

    Table Showing EMI, Interest Outgo, and Total Repayment Amount

    Loan AmountInterest RateTenureMonthly InstalmentTotal Interest AmountTotal Amount
    ₹ 2,00,00010.99%1₹ 17,675₹ 12,105₹ 2,12,105
    ₹ 2,00,00010.99%2₹ 9321₹ 23,695₹ 2,23,695
    ₹ 2,00,00010.99%3₹ 6547₹ 35,685₹ 2,35,685
    ₹ 2,00,00010.99%4₹ 5168₹ 48,070₹ 2,48,070
    ₹ 2,00,00010.99%5₹ 4347₹ 60,849₹ 2,60,849

    EMI, Total Interest Outgo, Total Repayment (Interest + Principal)

    YearPrincipalInterestBalance Amount
    1₹ 31,757₹ 20,412₹ 1,68,242
    2₹ 35,429₹ 16,740₹ 1,32,812
    3₹ 39,525₹ 12,645₹ 93,287
    4₹ 44,094₹ 8075₹ 49,192
    5₹ 49,231₹ 2977₹ 0

    Features and Benefits

    • Simple documentation, quick processing and speedy disbursal
    • Enjoy the convenience of doorstep service
    • Get the best in class interest rates
    • You need not worry about collaterals or guarantors
    • Choose a convenient repayment option

    IndusInd Bank Personal Loan Status

    Knowing your personal loan status is an easy and a quick process with the help of which you can anytime whether your loan application has been approved, pending or rejected. You just need to enter the loan application number on the site and with the help of the same, you can easily know the actual status of your loan. It is that fast and simple.

    IndusInd Bank Personal Loan Customer Care Number

    In case you want to get in touch with the bank, you can easily do so by dialing the toll-free number of the bank. Yes, you just need to dial-1860 500 5004 or 022 44066666 and can easily register any complaint, query or a feedback in the bank. The customer care executives of the bank will always there to help and guide you and give you the best solution, making your journey smooth and hassle free.

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    IndusInd Bank10.99% - 16.00%
    Kotak Bank10.99% - 20.99%
    RBL13.00% - 18.00%
    Standard Chartered Bank10.99% - 14.49%
    Tata Capital10.99% - 18.00%
    Home Loan Interest Rates August 2018
    State Bank of India/SBI8.45% - 9.00%
    HDFC8.70% - 9.40%
    Bank of Baroda8.50% - 9.50%
    LIC Housing8.45% - 8.90%
    PNB Housing Finance8.99% - 10.75%
    ICICI Bank8.55% - 8.80%
    Axis Bank8.50% - 8.85%
    Citibank8.85% - 9.65%
    Indiabulls Housing Finance Limited8.70% - 9.85%
    Kotak Bank8.65% - 8.75%
    DHFL9.05% - 9.95%
    Reliance Home Finance8.75% - 10.00%
    EMI Calculator