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INDUSIND Bank Personal Loan

(Updated on 08.02.2019) Indusind Bank Personal Loan EMI Calculator February  2019 – Get Instant Quick & Easy Approval on INDUSIND Bank Personal Loan. Loansninsurances.com provide a simple tool to calculate your Personal Loan EMI on the basis of ✓ Interest Rate ✓ Loan Tenure ✓ Processing Fee ✓ Eligibility ✓ Best Offers & more.

INDUSIND BANK PERSONAL LOAN – QUICK, EASY & INSTANT APPROVAL ONLINE

Professional Details
Loan Amount
Occupation
Yearly Income
City
Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
All loans are on sole discretion on the respective banks

Indusind Bank Personal Loan

Indusind Bank Personal Loan can be availed for funding your education, marriage expenses, buying furniture, renovating home and lots more. In order to meet customers’ diverse requirements, Indusind Bank brings to you bunch of personal loans in multiple categories viz. Personal Loan for Education, Personal Loan for Medical Expenses, Personal loan for home Renovation, Personal Loan for weeding & Personal Loan Balance Transfer. Check out your eligibility for the best personal loan with Indusind Bank Personal Loan Eligibility Calculator.

Indusind Bank Home Loan can also be availed at competitive interest rates and at exciting offers. Be a part of it Indusind Bank family and feel proud!

Indusind Bank Personal Loan Interest Rate

Interest Rate Upto 23%
Processing fee range Up to 2.50% of loan amount plus tax
Loan Amount Rs. 50,000 to Rs. 15,00,000
Tenure 12 to 60 months

Indusind Bank Personal Loan EMI Calculator

INDUSIND Bank Personal Loan EMI Calculator

Fill Loan Amount, Interest rate & Tenure in Fields & get Instant Calculation for Personal loan emi within seconds.
Loan Amount
Interest Rate (Reducing) % Per Annum
Loan Tenure (in Months)
 
Monthly EMI
Total Amount with Interest
Flat Interest Rate PA
Flat Interest Rate PM
Total Interest Amount
Yearly Interest Amount

Indusind Bank Personal Loan Eligibility

Salaried Employees

For salaried doctors, salaried Chartered Accountants, employees of select Public and Private Limited companies, Government Sector employees including Public Sector Undertakings and Central, State and Local bodies.

  • Minimum age should be 21 years

  • Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier

  • Minimum net monthly income should be Rs.25000

  • Should have completed minimum 2 years in employment and minimum 1 year in the current organization

  • Should have completed minimum 1 year of stay at the current residence, if on rent.

Self-employed Professionals

Eligible for self-employed doctors (MBBS and higher degree), Architects, Chartered Accountants, Company Secretaries, Engineers and MBA consultants.

  • Minimum age should be 25 years

  • Maximum age at loan maturity should be 65 years

  • Annual net income post tax should be Rs.4.8 lakh

  • 4 years of post qualification experience is needed.

Self-employed Individuals

Especially, for self-employed sole proprietors, directors and partners in the business of manufacturing, trading or services

  • Minimum age should be 25 years

  • Maximum age at loan maturity should be 65 years

  • Net income post tax should be Rs.4.8 lakh

  • 5 years of post qualification experience mandatory

Indusind Bank Personal Loan Documents Required

Documents for Salaried Persons

  • Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.

  • Leave and License Agreement/ration card /utility bill (not more than 3 months old) / valid passport – provided the passport address is present address mentioned in application form.

  • Latest 3 months salary slip / salary certificate and latest Form 16.

  • Latest 3 months bank statement (where salary is credited)

Documents for Self-employed Professionals

  • Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.

  • Leave and License Agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate / valid Passport – provided the passport address is present address mentioned in application form

  • Business (Current Account) Bank Statements (latest 6 months bank statement/passbook

  • Proof of qualification: Highest Professional Degree

  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA

  • Proof of Profession continuity

Documents for Self- Employed Individuals

  • Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.

  • Leave and License Agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate / valid Passport – provided the passport address is present address mentioned in application form

  • Business (Current Account) bank statements (latest 6 months bank statement / passbook)

  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA.

  • Trade license / establishment/sales tax certificate) proof

  • Mandatory documents: Sole proprietorship declaration/certified copy of partnership deed /certified copy of MOA, AOA and Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm’s B/S, P&L a/c with all schedules certified by a CA.

Indusind Bank Personal Loan Prepayments

  • Salaried: 4% of the principal outstanding after repayment of 12 EMIs.

  • Self Employed: 4% of the principal outstanding after repayment of 6 EMIs.

Latest News on Indusind Bank

  1. IndusInd Bank sells Vasan Healthcare loans to Edelweiss ARC – IndusInd Bank owned the largest chunk of from Vasan Eye Care’s Rs1,100 crore outstanding loans. (Sources: livemint)
  2. Indusind Bank posts 26% jump in Q1 net profit at Rs 836 cr –
    Midsize private sector lender Indusind Bank on Tuesday reported a 26 per cent increase in the June quarter net at Rs 836.55 crore, helped by a healthy rise in the core interest income. The bank had reported a post tax profit of Rs 661.38 crore for the April-June period last year. Its core net interest income jumped 31 per cent to Rs 1,774.06 crore for the reporting period, while the non- interest income grew 20 per cent to Rs 1,167.26 crore helped by a 25 per cent rise in fee income at Rs 974.04 crore.(Sources: Daily Pioneer)