- IndusInd Bank offers personal loans at competitive rates to applicants who fulfil the required eligibility criteria.
- The approval of the loan application depends on the creditworthiness and the repayment capacity of the applicant, and may impact the interest rate being offered.
- The bank offers instant personal loans with 100% digital application and zero documentation through Paisabazaar.
- Applicants can enjoy flexible repayment tenure with instant loan approval and quick disbursal.
- The loan proceeds can be used for meeting personal requirements such as wedding, travel, home renovation, medical emergency, etc.
IndusInd Bank Personal Loan
IndusInd Bank offers personal loans of up to Rs 50 lakh for loan tenure of up to 5 years @ 10.35% p.a. onwards. It also offers instant online personal loan processing with quick loan approval within minutes. Read on to know more about IndusInd Bank Personal Loan.
100% Digital Process
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Zero Documentation
Money in your account instantly
Instant Loan Approval
Offers ranked according to eligibility
Quick Loan Disbursal
Hassle-free & paperless

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15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed

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Instant Personal Loan
Get up to ₹50 Lakhs starting at 9.98%
4.5/5
15.6L Reviews
5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
100% Digital Process
Curated offers from 30+ lenders
Zero Documentation
Money in your account instantly
Instant Loan Approval
Offers ranked according to eligibility
Quick Loan Disbursal
Hassle-free & paperless
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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
Apply Now
About IndusInd Bank Personal Loan
Induslnd Bank Personal Loan Interest Rates
IndusInd Bank personal loan interest rate starts from 10.49% p.a. Individuals applying through Paisabazaar can avail IndusInd Bank personal loans @ 10.35% p.a. onwards. While the IndusInd Bank has not disclosed the differential interest rates for its personal loan applicants based on credit-score or other parameters, lenders usually consider monthly income, job profile, employer’s profile, credit score, etc. of their loan applicants for fixing their personal loan interest rates.
Why Choose Paisabazaar for IndusInd Bank Personal Loan
How to Apply for IndusInd Bank Personal Loan on Paisabazaar
IndusInd Bank has partnered with Paisabazaar for personal loans. You can avail loans of up to Rs. 5 lakh from IndusInd Bank through Paisabazaar’s official website or app. Below are 5 simple steps you can apply and also compare offers from other top lenders such as ICICI and Axis Bank:-
Step 1: Enter your mobile number – Quick start
Step 2: Fill in your details – Easy and fast.
Step 3: Verify with OTP – Secure and simple.
Step 4: Select loan amount & purpose – Choose what suits you.
Step 5: Compare & apply – Pick your best personal offer and apply!
Fees & Charges on IndusInd Bank Personal Loan
| Processing fees | 1.3%-2% |
| Prepayment fees | 4.00% of the principal remaining after 12 estimated monthly instalments |
| Loan cancellation charges | Rs. 1,000 per event |
| Payment dishonour charges | Rs. 450 per instance |
| Loan rescheduling charges | Rs. 1,000 per event |
| Penal charges | Rs. 150 per EMI delay beyond 5 days |
| ECS/Cheques/SI swapping charges | Rs. 500 per event |
| Stamp duty | As per the laws |
| Legal charges | As per actuals |
| Duplicate no dues certificate | Rs. 250 per event |
*The offer does not apply to pre-approved personal loans.
Types of Induslnd Bank Personal Loans
| Personal Loan Schemes | Purpose |
|---|---|
| Personal Loan for Wedding | To meet various wedding-related expenses |
| Personal Loan for Medical Expenses | To manage various medical expenses such as medical bills, surgeries, hospitalisation, etc. |
| Personal Loan for Travel | To raise funds for travel related expenses, such as airfare, accommodation, sightseeing and activities, train tickets, car rentals, etc. |
| Personal Loan for Home Renovation | For renovating, improving and extending their existing home properties |
IndusInd Bank Personal Loan Eligibility Criteria
For Salaried Employees
Know more about Personal Loans for Salaried Employees by top lenders
For Self-employed Professionals
For Self-employed Individuals
Also know about Personal Loans for Self-employed
In addition to the above-mentioned IndusInd Bank Personal Loan eligibility criteria, IndusInd Bank may also factor in the credit score of its personal loan applicants while evaluating their personal loan eligibility, just like many personal loan lenders do.
Documents Required
For Salaried Individuals
For Self-employed Professionals
For Self-employed Individuals
Know more about IndusInd Bank Personal Loan Documents required
IndusInd Bank Personal Loan Balance Transfer – Save on Interest Cost
Personal loan borrowers of other banks and NBFCs can avail balance transfer facility, wherein they can transfer their existing personal loan to IndusInd Bank at lower interest rates and/or for better personal loan terms.
Before transferring your personal loan, note that —
IndusInd Personal Loan vs Other Personal Loan Lenders
| Bank/NBFC | Interest Rates (% p.a.) |
|---|---|
| Aditya Birla Finance | 10.99 onwards |
| Axis Bank | 9.99 onwards* |
| Bank of Baroda | 10.15-18.00 |
| Bajaj Finance Limited | 10.00-30.00 |
| Bank of India | 10.85-16.15 |
| Bank of Maharashtra | 8.75-13.55 |
| Canara Bank | 9.70-15.15 |
| Central Bank of India | 9.85-11.65 |
| Cholamandalam IFC | 10.00-28.00 |
| Dhani Loans & Services Ltd. | 13.99 onwards |
| Federal Bank | 12.00 - 22.50* |
| HDB Financial Services | 10.00 - 35.00 |
| HDFC Bank | 9.99 onwards |
| Hero Fincorp | Up to 30* |
| HSBC Bank | 9.75 onwards |
| ICICI Bank | 9.99 onwards |
| IDFC FIRST Bank | 9.99 onwards |
| IIFL Finance | 12.00 - 28.00 |
| Indian Overseas Bank | 10.25 onwards |
| IndusInd Bank | 10.35 onwards* |
| Kotak Mahindra Bank | 9.98 onwards* |
| L&T Finance | 11.00 onwards |
| Mahindra Finance | 8.00 - 25.00 |
| Mannapuram Finance | 18.00 - 24.00 |
| Moneyview | 14.00 onwards |
| Muthoot Finance | 13.50 onwards |
| Piramal Finance | 12.14 onwards |
| Poonawalla Fincorp | 9.99 onwards |
| Punjab & Sind Bank | 9.60-13.85 |
| Punjab National Bank | 10.25-16.80 |
| Shriram Finance | 11.00 onwards |
| Tata Capital | 10.99 onwards |
| UCO Bank | 9.95 - 13.20 |
| Union Bank of India | 8.75 - 12.55 |
IndusInd Bank Personal Loan Customer Care
Personal loan borrowers can contact the customer care via:-
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
Explore Our Personal Loan Lenders
FAQs
What is the interest rate for the IndusInd Bank Personal Loan?
The interest rate of IndusInd Bank’s personal loan starts from 10.35% p.a., depending on the applicant’s profile and the lender’s terms.
What is the maximum tenure for an IndusInd Bank personal loan?
The maximum repayment tenure is up to 5 years (60 months).
Who is eligible to apply for a personal loan from IndusInd Bank?
Both salaried individuals aged 21 to 60 years and self-employed applicants aged 25 to 65 years with a stable income are eligible for a personal loan.
What documents are required to apply for an IndusInd Bank personal loan?
Basic KYC documents, income proof (salary slips, bank statements), and address proof are required for a regular personal loan application. For instant personal loans, only the Aadhaar Card and PAN Card are required.
How can I check my eligibility for an IndusInd Bank personal loan?
You can check your eligibility online through the IndusInd Bank website or visiting a bank branch or through Paisabazaar.
How do I apply for an IndusInd Bank personal loan online?
Visit the IndusInd Bank website or Paisabazaar, fill in your details, and submit the required documents digitally for instant personal loans.
How long does it take for IndusInd Bank to disburse a personal loan?
For regular personal loans, IndusInd Bank claims to disburse loans after completion of the verification process and takes 2-4 days for approval. For an instant personal loan, the bank immediately disburses upon approval.
Is there any processing fee on IndusInd Bank personal loans?
IndusInd Bank charges a processing fee of up to 2% of the loan amount.
Can I prepay or foreclose my IndusInd Bank personal loan?
You can prepay or foreclose IndusInd Bank after repayment of 12 EMIs. The bank levies 4% of the principal outstanding as prepayment charges.
How can I calculate my EMI for an IndusInd personal loan?
You can use the Paisabazaar Personal Loan EMI calculator by entering the loan amount, interest rate, and tenure to calculate EMI.
Will applying for a personal loan affect my CIBIL score?
Yes, applying for a loan triggers a hard inquiry, which may temporarily lower your CIBIL score if you apply frequently.
What happens if I miss an EMI payment?
If you miss an EMI payment, IndusInd Bank levies penal charges of 2% + GST on the total overdue (including both principal and interest) or 100 + GST, whichever is higher and payment dishonour charges of Rs 450 per instance plus GST. This can lower your credit score and may affect future loan or credit card approvals. Always try to inform the bank in advance if you expect a delay in your EMIs.
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