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IndusInd Bank 5 Lakh Personal Loan

Apply for an Induslnd Bank Rs. 5 lakh personal loan and enjoy swift approval and quick disbursal. The bank offers instant personal loan with interest rate starting at 10.35% p.a. Visit the Paisabazaar app or website and apply for a personal loan to get the best deals on your personal loan.
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Instant Personal Loan

Get up to ₹50 Lakhs starting at 9.98%

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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 Fee₹ 6,500
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

Features of Induslnd Bank Rs. 5 Lakh Personal Loan

  • Competitive Interest Rates: Starting from 10.35% p.a.
  • Flexible Tenure: Ranging from 12 to 48 months
  • Zero Documentation: 100% digital application for Instant personal loan
  • Collateral Free: No need for any security

IndusInd Bank Rs. 5 Lakh Personal Loan: Eligibility Criteria

For Salaried Employees
Eligibility Criteria Details (Salaried Employees – IndusInd Bank Personal Loan)
Age at Loan Application Minimum 21 years
Age at Loan Maturity Maximum 60 years or retirement age (whichever is earlier)
Minimum Net Monthly Income Rs. 25,000
Work Experience Minimum 2 years total, with at least 1 year in the current organization
Residential Stability Should be living at current residence (if rented) for at least 1 year
CIBIL Score 730 and above preferred

For Self-employed Professionals & Self-employed Individuals

Eligibility Criteria Self-employed Professionals Self-employed Individuals
Age at Loan Application Minimum 25 years Minimum 25 years
Age at Loan Maturity Maximum 65 years Maximum 65 years
Minimum Net Annual Income (after tax) Rs. 4.8 lakhs Rs. 4.8 lakhs
Professional/Business Experience At least 4 years post-qualification At least 5 years post-qualification

Apart from the documents mentioned above, the lender may also request additional documents for a personal loan as needed.

Difference between self-employed professional & self-employed individuals

Category Who It Includes
Self-employed Professionals Qualified individuals such as doctors, engineers, lawyers, chartered accountants (CAs), and MBAs who have set up their own practice or business.
Self-employed Individuals Business owners such as traders, contractors, commission agents, and others who may not hold formal educational qualifications in their line of work.

Also Read: Personal Loan for Self Employed

Documents Required for Induslnd Bank Rs. 5 Lakh Personal Loan

  • No physical documents are needed for an online personal loan.
  • Have your PAN number and Aadhaar number ready to begin your application for an online personal loan.
  • For offline personal loan applications, maintain a physical copy of identity proof, address proof, income proof, and bank statements that show salary credits.

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Fees & Charges of Induslnd Bank Rs. 5 Lakh Personal Loan

  • Processing Fees Up to 3.5% of the loan amount + GST
  • Foreclosure Charges: Allowed post 1st EMI
    • 5% of Principal Outstanding + GST, post payment of 1st EMI up to 11 EMIs.
    • 4% of Principal Outstanding + GST, after payment of 12 EMIs.
  • Payment Dishonour Charges: Rs 450/- per instance + GST
  • Penal Charges:24% p.a. + GST on total overdue
  • Loan Cancellation Fee: ₹1,000 plus GST [This is permitted after the 7th day following disbursement until the 1st EMI is due]

Also Read: Personal Loan Fees & Charges

Induslnd Bank Rs. 5 Lakh Personal Loan vs Other lenders

Lender Loan Tenure Interest Rate (p.a.)
IndusInd Bank Up to 60 months 10.35% – 16.50%
Axis Bank Up to 60 months 9.99% – 17.15%
HDFC Bank Up to 60 months 9.99% – 12.50%
Kotak Mahindra Bank Up to 60 months 9.98% – 17.20%
IDFC FIRST Bank Up to 60 months 10.50% – 20%
ICICI Bank Up to 60 months 11% – 13%
Federal Bank Up to 60 months 12.00% – 19.50%

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

Explore Our Personal Loan Lenders

HDFC BANKHDFC BANKAxis BankAxis BankKotak Mahindra BankKotak Mahindra BankICICI BankICICI BankFederal BankFederal BankIDFC First BankIDFC First BankIndusind BankIndusind BankRBL BankRBL BankTata CapitalTata Capital
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FAQs

To apply for an IndusInd Bank Personal Loan of Rs. 5 Lakh, salaried individuals and self-employed professionals must meet minimum income, age, and credit score requirements.

The IndusInd Bank Rs. 5 Lakh Personal Loan interest rate usually starts from 10.35% p.a. and varies depending on your income, credit history, and repayment capacity.

You can repay your IndusInd Bank Rs. 5 Lakh Personal Loan in flexible tenures ranging from 12 months to 60 months.

You can apply for an IndusInd Bank Rs. 5 Lakh Personal Loan online by visiting the official IndusInd Bank website or trusted loan marketplaces like Paisabazaar.

The EMI for an IndusInd Bank Rs. 5 Lakh Personal Loan depends on the loan tenure and interest rate. You can use an EMI calculator to estimate monthly payments.

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I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Apne higher education ke liye loan liya tha

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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I would like to share my feedback regarding my recent interaction with Mr. Vipin Singh (employee id EW12967) After discussing the financial matters with him, I felt very satisfied with his approach and professionalism. He explained everything clearly, handled the discussion patiently, and ensured that all concerns were addressed effectively. His communication skills, positive attitude, and dedication towards his responsibilities truly reflect his commitment to the organization.

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20th Jan 2026Jan 20, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Perfect for Loan Solutions

Recently I had a conversation with Mr. Harsh ji. Thanks Mr. Harsh ji for providing a better solution in a very short period of time with very nice behaviour. Thank You very much.

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Amit ChahalJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Stress-free Laon Borrowing Process

There was a complication with my KYC verification. Paisabazaar’s Shazeb handled it swiftly and professionally. He ensured that I received regular updates, explained the resolution steps clearly, and most importantly, resolved the issue quickly. His prompt assistance and communication made the entire experience smooth and stress-free. Thanks to his efforts, the loan process was completed without further delays.

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Abhishek ThakuraJan 14, 2026
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