Introduction
Ever wished money could come right when you need it?
Life does throw surprises, some good and some not so good. A wedding, a medical bill, or a much-awaited vacation can create expenses that do not wait for your savings.
An IndusInd Bank personal loan is presented as a quick funding option with minimal documentation and a simpler borrowing process.
Reasons to Pick IndusInd Bank for Your Personal Loan Needs
- Quick approvals and instant disbursal
- Minimal documentation
- Flexible repayment options
- Attractive interest rates
Key Features of IndusInd Bank Personal Loan
- Loan amount from ₹30,000 to ₹25 lakh
- Tenure from 12 to 60 months
- Interest rate starting from 10.49% per annum
- No collateral required
- Disbursal within hours of approval
- Basic KYC and income proof required
- Flexible EMI options
- Prepayment or foreclosure allowed after 12 EMIs with applicable charges
- 100% digital application process with minimal paperwork
- Special benefits for existing customers
Comparison of Personal Loan Interest Rates Offered by Top Lenders
- Bajaj Finance: 10% to 31% per annum
- Axis Bank: 9.99% onwards
- IndusInd Bank: 10.49% onwards
- IDFC FIRST Bank: 10.99% onwards
- HDFC Bank: 9.99% onwards
- ICICI Bank: 10.60% onwards
- Kotak Mahindra Bank: 10.99% onwards
- Tata Capital: 11.99% onwards
- Federal Bank: 12.00% onwards
- DMI Finance: Up to 24%
- L&T Finance: 11.00% onwards
- KreditBee: 12.00% to 28.25%
- MoneyTap: 13.00% onwards
- Piramal Finance: 11.99% onwards
- Aditya Birla: 10.99% onwards
- Moneyview: 14% to 36%
- Cashe: 33.50% onwards
Fees and Charges
- Processing fee: 1.3% to 2%
- Prepayment fee: 4.00% of principal remaining after 12 EMIs
- Loan cancellation charge: ₹1,000 per event
- Payment dishonour charge: ₹450 per instance
- Loan rescheduling charge: ₹1,000 per event
- Penal charge: ₹150 per EMI delay beyond 5 days
- ECS, cheque, or SI swapping charge: ₹500 per event
- Stamp duty: As per applicable laws
- Legal charges: As per actuals
- Duplicate no dues certificate: ₹250 per event
Who Can Apply?
- Salaried professionals working with private, government, or multinational companies
- Self-employed individuals with stable business income
- Applicants aged 21 to 60 years
- Applicants with a good credit score for better approval chances
Types of IndusInd Bank Personal Loan
- Personal loan for wedding
- Personal loan for medical expenses
- Personal loan for travel
- Personal loan for home renovation
How to Apply for an IndusInd Bank Personal Loan?
- Check eligibility on the bank website
- Fill out the application form online or at the nearest branch
- Submit ID proof, address proof, and income proof
- Get approval and disbursal directly into your bank account
Why It Makes Sense to Choose IndusInd Bank Personal Loan
- Transparent process with clear terms and conditions
- Funds can be used for weddings, travel, education, medical expenses, home improvement, or debt consolidation
- Flexible repayment period
- Option to prepay or foreclose based on bank terms
- Additional benefits for existing IndusInd customers
- Strong brand trust in Indian banking
Customer Support
- Customer care helpline: 1860 267 7777
- Email support: reachus@indusind.com
- SMS service: Send PL to 5676757
- Branch support available at the nearest IndusInd Bank branch
Conclusion
Financial needs can arise anytime, and IndusInd Bank positions its personal loan as a fast and flexible option for handling both planned and urgent expenses.
With digital application, flexible EMIs, and unsecured borrowing, it is presented as a convenient loan option for eligible borrowers.
