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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.
4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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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

Apply Now

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

Apply Now

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

FAQs

Who is eligible for an IndusInd Bank Rs. 5 Lakh Personal Loan?

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.

What is the interest rate on an IndusInd Bank Rs. 5 Lakh Personal Loan?

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.

What is the tenure for an IndusInd Bank Rs. 5 Lakh Personal Loan?

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

How can I apply for an IndusInd Bank Rs. 5 Lakh Personal Loan online?

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.

What is the EMI for an IndusInd Bank Rs. 5 Lakh Personal Loan?

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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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

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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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

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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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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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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Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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