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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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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
Axis Bank
Low Processing fee
Max. Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
Kotak Mahindra Bank
Lowest Income requirement100% Digital Process*
Max. Loan Amt.Upto ₹25L
Rate of Interest9.98% - 17.2%
Tenure upto1-5 Years
Processing Fee1.1% - 1.5%

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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

Also Read: Best Instant Personal Loan App

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%

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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

Explore Our Indusind Bank 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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What our customers say

Highly recommended platform

I applied for a personal loan for medical emergency through Paisabazaar and got amazing service like nowhere else. The team was extremely cooperative and followed up with me until I had my loan amount in my account. My loan was disbursed within 24 hours. It is indeed an excellent platform for taking loans.

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Sunil YadavOct 29, 2025

Instant loan disbursal

I applied for a personal loan through Paisabazaar and got my loan disbursed in no less than 24 hours. The team was extremely cooperative, guided me through the entire process and followed up with me until I had my loan amount in my account. I highly recommend this platform to everyone looking for an urgent loan.

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Neha JainOct 29, 2025

Excellent platform

Excellent platform for personal loan comparison! Their EMI calculator helped me pick the best tenure & my monthly emi.

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Manish KumarOct 23, 2025

Got personal loan instant

I was a medical emergency &amp; need funds instantly I applied for loan at Paisabazaar &amp; see I have a pre approved offers &amp; apply to it &amp; amount disbursed in 48 hours thanks to paisabazaar teams

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Mansi SharmaOct 17, 2025

Got loan yesterday

I got a loan of 2 lakh from Paisabazaar. Until now, I didn&#x27;t know that it was so easy to get loan through Paisabazaar. They helped me with all documents and process and my loan was sanctioned yesterday itself.

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Priyanka SharmaOct 15, 2025

Got personal loan in a few minutes

I had pre-approved offers. When I applied through Paisabazaar, I got my personal loan approved within a few minutes. The process was very hassle-free and the team was extremely cooperative.

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Preeti SinghSep 26, 2025

Cibil kam tha fir bhi loan dila diya

Mera cibil kam tha fir bhi paisabazaar walo ne loan dila diya mujhe jo bohot jaruri tha.

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Pawan SehrawatSep 25, 2025

Personal loan quick approved

My personal loan was quick approved on Paisabazaar. Everything was online and I was not required to submit any more documents.

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Vivaan ShahSep 24, 2025

Loan Approved in on day

I confused between HDFC & Axis personal loans, but Paisabazaar showed me all the offers side by side. I apply in 10 minutes and got approval the next day!

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Rahul MehtaSep 23, 2025

Personal loan mila yahaan se

Mujhko personal loan mila yahaan se bina koi dikkat hue. Maine toh online apply kiya aur 3 lakh ka loan mila 2 saal ke liye.

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Pankaj SinhaSep 22, 2025
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