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IndusInd Bank 10 Lakh Personal Loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Interest Rates Charged by IndusInd Bank on 10 Lakh Personal Loan

IndusInd Bank offers personal loan interest rates starting from 10.35% p.a. onwards. The interest rates set by the lender usually depend on the credit profile of the applicants. The interest range of IndusInd Bank Personal Loan is given below:

Minimum Interest Rate 10.35% p.a.
Maximum Interest Rate 16.50% p.a.

IndusInd Bank 10 Lakh Personal Loan- Fees and Charges

  • Processing Charges- 1.3%-2%
  • Foreclosure Charges- 5% of outstanding principal (after payment of 1st EMI up to 11 EMIs); 4% of outstanding principal (after 12 EMIs)
  • Penal Charges- 24% p.a.
  • Loan Cancellation Charges- Rs 1,000 
  • Payment Dishonour Charges- Rs 450
  • Cheque/ECS/SI Swapping Charges- Rs 500

Eligibility Criteria of Applicants Availing 10 lakh Personal Loan from IndusInd Bank

The eligibility criteria of personal loan applicants applying for a personal loan of Rs 10 lakh with IndusInd Bank is mentioned below:

Eligibility Criteria Salaried Applicants Self-employed Applicants
Age 21 to 60 years 25-65 years
Minimum Monthly Income Rs 25,000 Rs 4.8 lakh
Minimum Work Experience Total experience of 2 years with minimum 1 year in the current organization 4 years (self-employed professionals); 5 years (self-employed non-professionals)
Minimum stay at current residence (rented) 1 year -
CIBIL Score 730 and above -

Documents Required for Personal Loan Application

For Offline Application-

Hard copies of:

  • ID proof
  • Address proof
  • Income proof
  • Bank statements reflecting salary credited every month

For Online Application-

  • No hard copies of documents are required
  • Only PAN number and Aadhaar number is required for online application

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IndusInd Bank 10 lakh Personal Loan- EMI Calculation

Below-mentioned is the EMI calculation for Rs 10 lakh personal loan from IndusInd Bank @ 10.35% p.a. for different tenures. Applicants can use personal loan EMI calculator available online to evaluate the same.

Loan Amount (Rs) Interest Rate (p.a.) Loan Tenure EMI (Rs)
10,00,000 10.35% 1 year 88,079
10,00,000 10.35% 2 years 46,307
10,00,000 10.35% 3 years 32,432
10,00,000 10.35% 4 years 25,531
10,00,000 10.35% 5 years 21,420

For What Purposes Can You Avail 10 lakh Personal Loan from IndusInd Bank

IndusInd Bank offers instant personal loans to meet the personal requirements of the applicants. You can avail a 10 lakh personal loan from IndusInd Bank to fulfill the following purposes:

  • Home Renovation
  • Wedding
  • Travel
  • Medical Emergency
  • Debt Consolidation

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Avail Personal Loan for
All Your Needs

FAQs

IndusInd Bank offers an interest rate of 10.35% p.a. for loan amount of Rs 10 lakh, depending on the credit profile of the applicant.

Applicants having a credit score of 730 and above have higher chances of availing 10 lakh personal loan from IndusInd Ban.

The EMI of 10 lakh personal loan availed from IndusInd Bank for tenure of 5 years would be Rs 21,420

The interest cost of 10 lakh personal loan availed from IndusInd Bank for tenure of 3 years would be Rs 1,67,543.

You calculate the EMI and total interest cost for a 10 lakh personal loan from IndusInd Bank with the help of personal loan EMI calculator available online.

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