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Instant Funds for Every need: Get up to a 5 lakh quickly

In need of immediate funds for personal expenses? Whether it's for a wedding, home renovation, travel, or ... Read More medical emergencies, our hassle free personal loans ensure you have the financial support when you need it the most. ... Read Less

3.5% 2% Processing Fee (Limited period offer)

Attractive interest rates starting from 10.49% p.a.
Flexible repayment tenure upto 48 months

Instant approval with 100% digital application process

Personal Loan: Get Instant Personal Loan Online

With no collateral requirement, zero paperwork, instant approval, and quick disbursal, getting a personal loan has never been easier. Apply for IndusInd Bank Personal Loan online in just a few clicks and get the funds directly in your accountā€”no long waits, no hidden charges, just instant financial support when you need it.

Key Features of IndusInd Bank Online Instant Personal Loan

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Loan Amount
Avail Personal loan ranging from ā‚¹30,000 up to ā‚¹5 lakh, catering to diverse financial needs
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Flexible Tenure
Choose a repayment period between 12 to 48 months, aligning with your financial comfort
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Competitive Interest Rates
Enjoy attractive interest rates starting from 10.49% per annum
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ZERO Documentation
Experience a seamless application process with 100% digital application
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No Collateral or Guarantors Required
Get the funds you need without the need for any collateral or guarantors
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Loan Amount

Avail Personal loan ranging from ā‚¹30,000 up to ā‚¹5 lakh, catering to diverse financial needs

/content/dam/indusind-corporate/savings-account-revamp/rewards-and-deals/Locker-fee-discount.svg
Flexible Tenure

Choose a repayment period between 12 to 48 months, aligning with your financial comfort

/content/dam/indusind-corporate/savings-account-revamp/rewards-and-deals/Reward-Points.svg
Competitive Interest Rates

Enjoy attractive interest rates starting from 10.49% per annum

/content/dam/indusind-corporate/savings-account-revamp/rewards-and-deals/Movie-Tickets.svg
ZERO Documentation

Experience a seamless application process with 100% digital application

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No Collateral or Guarantors Required

Get the funds you need without the need for any collateral or guarantors

Types of Personal Loan Offered by IndusInd Bank

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Personal Loan for Home Renovation

Give your home a facelift by renovating it to perfection.

 Apply Now
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Personal Loan for Wedding

From perfect venue to dream outfit, make all your wedding wishes come true.

 Apply Now
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Personal Loan for Travel

Gear up for your next adventure and satisfy the wanderlust in you.

 Apply Now
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Personal Loan for Medical Expenses

Face unexpected life situations strongly with our low-interest Instant Personal Loan.

 Apply Now
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Savings Account ALT
Personal Loan for Debt Consolidation

Streamline your finances and take the path towards financial freedom.

 Apply Now
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Interest Rates and Charges for Personal Loan

how to apply
Interest Rates:
Starting from 10.49%* per annum
Processing Fees:
Up to 3.5% of the loan amount
Loan Tenure:
12 to 84 months (up to 48 months for online personal loan)

Note:Ā *AllĀ Fees & ChargesĀ are excluding applicable Government taxes or charges.

Eligibility Criteria for Personal Loan

Check your eligibility before applying for personal loan basis your employment type.
Salaried Employees
Self Employed Professionals
Self Employed Individuals
Personal Loan Eligibility for Salaried Employees
Personal Loan Eligibility for Self Employed Professionals
Personal Loan Eligibility for Self Employed Individuals
  • Minimum age to apply for personal loan 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 for personal loan online application.
  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.
  • Should have completed minimum 1 year of stay at the current residence, if rented.
  • Should have good CIBIL score, preferably 730 or above.
  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 4 years of post qualification experience
  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 5 years of post qualification experience

Eligibility Criteria for Personal Loan

Check your eligibility before applying for personal loan basis your employment type.
Salaried Employees
Personal Loan Eligibility for Salaried Employees
  • Minimum age to apply for personal loan 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 for personal loan online application.
  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.
  • Should have completed minimum 1 year of stay at the current residence, if rented.
  • Should have good CIBIL score, preferably 730 or above.
Self Employed Professionals
Personal Loan Eligibility for Self Employed Professionals
  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 4 years of post qualification experience
Self Employed Individuals
Personal Loan Eligibility for Self Employed Individuals
  • Minimum age to apply for personal loan should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 5 years of post qualification experience

Documents required for Online Personal Loan

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No physical documentation is required for online personal loan.
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Keep your PAN number and Aadhaar number handy to get started with your online personal loan application.
For offline personal loan application, keep a physical copy of identity proof, Address proof, Income proof, Bank statements showing salary credits.

How to Apply for an Instant Digital Personal Loan

Apply for an instant personal loan anytime, from anywhere through our 100% digital application process.
Input your details

Click the ā€˜Apply Nowā€™ button and fill in a few personal details

Best offer for you

Basis your details, we fetch the best loan offer for you

Complete application

Share your bank A/C details for disbursement & complete video KYC

Get Money in account

E-sign the agreement, set up auto-payment, and get funds instantly

how to apply

Personal Loan EMI Calculator

Plan your repayments effectively using our Personal Loan EMI Calculator. This tool helps you estimate your monthly instalments based on the loan amount, tenure, and interest rate.

Step 1

Enter Loan Amount

Input the desired loan amount

Step 2

Select Tenure

Choose the repayment period (12 to 84 months)

Step 3

Input Interest Rate

Enter the applicable interest rate

Step 4

Calculate EMI

Click on ā€˜Calculateā€™ to view your monthly EMI

ā‚¹
30,000 1,00,000
%
Mo Yrs
Principal Amount
Interest Amount
Monthly EMI ā‚¹ XX,XXX
Principal Amount ā‚¹ XX,XXX
Total Interest Payable ā‚¹ XX,XXX
Apply Now

Benefits of Personal Loan

Multipurpose Use

Utilize the funds for various personal expenses without restrictions

Fixed Interest Rates

Enjoy predictable monthly payments with fixed interest rates

No Collateral

Access funds without pledging any assets

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Key Differences Between Instant Personal Loan & Regular Personal Loan

Feature Instant Personal Loan Regular Personal Loan
Approval Time In-principle approval within minutes

Typically takes 2 - 4 days
Disbursal Time Immediate upon approval

After completion of verification processes
Documentation

Minimal; requires only PAN and Aadhaar details, no physical documentation needed

Comprehensive documentation including income proof and banking proof
Loan Amount Up to ā‚¹5 lakh

Up to ā‚¹50 lakh (Click Here to Apply)
Interest Rates Starting from 10.49% p.a.

Starting from 10.49% p.a.
Tenure 12 to 48 months

12 to 84 months

Impact of Personal Loan on Your Credit Score

Taking a personal loan can affect your credit score in several ways.

Timely Repayments Improve Credit Score

Consistently paying your EMIs on time boosts your creditworthiness.

High Credit Utilization Can Lower Score

Taking a large loan amount relative to your income might negatively impact your score.

Hard Inquiries Reduce Score Temporarily

Each loan application triggers a credit check, which can slightly reduce your score.

Defaulting on EMIs Can Damage Creditworthiness

Missing payments can significantly lower your credit score and impact future borrowing.

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Steps to Improve Your Credit Score

Want to enhance your credit score before applying for a personal loan? Follow these steps.

Pay EMIs & Bills on Time

Timely payments help maintain a strong credit profile

Avoid Multiple Loan Applications

Frequent loan inquiries can lower your score

Maintain a Low Credit Utilization Ratio

Keep credit card usage under 30% of your limit

Check Your Credit Report Regularly

Identify errors or inconsistencies and get them corrected

Maintain a Healthy Credit Mix

A combination of secured and unsecured loans can boost your score

Common Mistakes to Avoid When Applying for a Personal Loan

Avoid these pitfalls to ensure a smooth loan approval process
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Not Checking Eligibility
Applying without meeting the required criteria may lead to rejection
Ignoring the Interest Rate & Charges
Focusing only on EMI and ignoring processing fees or penalties can be costly
Applying for Multiple Loans Simultaneously
Too many inquiries can lower your credit score
Opting for a Longer Tenure Without Assessment
While longer tenures reduce EMI, they increase overall interest costs
Providing Incorrect Information
Any discrepancies in documents or application details may lead to rejection
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Key Terms Related to Personal Loan

Understanding these key terms can help you make informed decisions

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Foreclosure Charges
The fee applicable, if you decide to repay the loan before the tenure ends
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Processing Fee
A one-time charge deducted from the loan amount during disbursal
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Prepayment Charges
Additional costs levied if you choose to pay off part of your loan before the tenure ends
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Loan Tenure
The duration over which you will repay the loan
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EMI (Equated Monthly Instalment)
The fixed monthly payment that includes principal and interest
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Credit Score
A three-digit number (typically 300-900) indicating your creditworthiness
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Debt-to-Income Ratio
The percentage of your income that goes towards debt repayments, influencing loan approval
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Floating Interest Rate
An interest rate that fluctuates based on market conditions or changes in the benchmark rate
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Fixed Interest Rate
A stable interest rate that remains constant throughout the loan tenure, ensuring predictable EMIs without being affected by market changes
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Foreclosure Charges

The fee applicable, if you decide to repay the loan before the tenure ends

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Processing Fee

A one-time charge deducted from the loan amount during disbursal

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Prepayment Charges

Additional costs levied if you choose to pay off part of your loan before the tenure ends

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Loan Tenure

The duration over which you will repay the loan

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EMI (Equated Monthly Instalment)

The fixed monthly payment that includes principal and interest

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Credit Score

A three-digit number (typically 300-900) indicating your creditworthiness

/content/dam/indusind-corporate/pl-revamp/debt_to_income.svg
Debt-to-Income Ratio

The percentage of your income that goes towards debt repayments, influencing loan approval

/content/dam/indusind-corporate/pl-revamp/Floating_Interest_Rate.svg
Floating Interest Rate

An interest rate that fluctuates based on market conditions or changes in the benchmark rate

/content/dam/indusind-corporate/savings-account-revamp/rewards-and-deals/Hotel-club-membership.svg
Fixed Interest Rate

A stable interest rate that remains constant throughout the loan tenure, ensuring predictable EMIs without being affected by market changes

eNACH Registration for Personal Loan

For eNACH registration of your existing personal loanĀ Ā - Click Here

document
Direct Assignment
Bank has partnered with below NBFCs on Direct Assignment

Partnerships
Navi (Navi Finserv Ltd.)
Digital Lending Apps (DLAs)
Name Link
EasyCredit Personal Loan (DIY Platform) Click Here
EasyLoan (Pre-Approved PL Offer) Click Here
IndusInd Bank Mobile App ā€“ Indie Click Here
Business Loans Click Here
Lending Service Providers
Partners Grievance Redressal Privacy Policy Product Details Activity
Paisabazaar Marketing & Consulting Private Limited

Name of Nodal Grievance Redressal
OfficerĀ 
Ā  Ā  Ā  Ā  Ā  -Ms. Jyotsna Popli
Office Address: Plot No. 135P, Sector 44, Gurgaon-122001

E-mail: servicehead@paisabazaar.com

Call at: 0124-3500999 (Lines are open Mon-Sat from 9:30am to 6:30pm)
(https://www.paisabazaar.com/grievance-redressal)

 https://www.paisabazaar.com/privacy-policy Personal Loans up to ā‚¹5 Lakhs Sourcing of leads for Personal Loans

For complaints related to personal loans, please refer to Bankā€™s Grievance RedressalĀ policy

Personal Loan Blogs

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How to Secure a Digital Personal Loan from the Comfort of Your Home
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Tips for Getting Your Personal Loan Approved Instantly
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What Is Credit History?
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How To Get a Personal Loan Without Security?
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What Is Reducing Interest Rate?
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Hear From Our Customers

Quick & paperless

I applied for a personal loan and the entire process was smooth. No paperwork needed. The loan was approved within minutes, and the amount was credited to my account the same day. It really helped when I needed to cover my medical expenses urgently.

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Neha Sharma
Pune

Perfect when you need funds instantly

When my house renovation costs went up, this saved me. I loved that everything was 100% digital, and I didnā€™t have to visit any branch. I could choose a tenure that suited my budget and this flexibility made it so much easier to manage my finances.

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Rohan Mehta
Ahmedabad

Got the money in minutes

Iā€™ve taken loans before, but this was by far the simplest & fastest experience.. What impressed me most was the no income proof requirement ā€” just my KYC details. I used the loan to fund my sisterā€™s wedding..

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Priya Iyer
Chennai

Got better interest rate

The interest rate I got was much lower than what I was getting elsewhere. The option to choose EMIs up to 48 months really helped me stay comfortable with my monthly budget. Iā€™m genuinely impressed with their transparency and ease of service.

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Arjun Singh
Delhi

No branch visits, no hidden charges

IndusInd Bankā€™s completely digital process was a game changer. I applied from my phone, signed digitally, and had funds in my account within hours. The experience was super easy, fast,Ā  and extremely convenient.Ā 

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Kavita Das
Mumbai

Covered my wedding expenses

The flexibility that they offer is amazing. I was able to manage my EMIs without any strain and their support team was super responsive. Highly recommended.

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Saurabh & Pooja Verma
Lucknow

A smooth experience

I used my Personal Loan to buy a used car, and it couldnā€™t have been simpler. The digital KYC process was instant, and I could track every stage through the app. Really impressed!

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Aditya Nair
Bengaluru

Personal Loan FAQs

A Personal Loan is anĀ unsecured term loan provided by banks and financial institutions. What makes Personal Loans distinct is that an individual can use the loan amount as per their needs. You borrow a certain amount from the bank and must repay it with the applicable interest rates. A personal loan does not require lock-in of any collateral by the applicant.

When you apply for a personal loan, the bank follows the due procedures. If the application is approved, you will receive the agreed sum in your bank account. You can use this amount as you see fit.

You must repay the amount to the bank in instalments over a chosen tenure as per the interest rate.

You can use the Personal Loan amount for various purposes, such as consolidating debt, fund home renovations, cover medical expenses, finance a wedding, or manage travel costs. It offers flexibility to address unexpected financial needs, pay for education, or even support a business venture. A personal loan provides the financial freedom to meet diverse personal and professional requirements.Ā IndusInd Bank provides Personal Loans catering to various needs. So, apply now!

MORE FAQs

Follow the steps below to apply for an instant Personal Loan online:

  • Visit ourĀ Personal Loan pageĀ and provide few basic details like your mobile number, PAN card number etc. to get started
  • Verify your address details
  • Check out your Personal Loan offer and complete your video KYC
  • Provide your bank account details for disbursementĀ 

IndusInd Bank offers pre-approved personal loans to select customers.

You can click on the below link to verify your eligibility for the pre-approved personal loan.
Link:Ā https://easycredit.indusind.com/

This convenient option allows eligible customers to access funds without extensive paperwork or waiting periods, ensuring a seamless borrowing experience.

You can approach us in any of the following ways for a Personal Loan:

1. Apply Online ā€“ You can apply online for loan amount upto Rs. 5 lac through a complete digital process by visiting the bankā€™sĀ website.

2.Ā Reach out to our representative through our 24-hour Customer Care number:Ā  1860 267 7777 or write to us at reachus@indusind.com.

3. Or you can simply walk into your nearest bank branch, in the select cities where we offer Personal Loans. Use ourĀ Branch Locator toolĀ to find your nearest IndusInd Bank branch.

You can get an instant personal loan online for amounts ranging between ā‚¹30,000 to ā‚¹5 Lacs and tenure ranging 12-48 months through a complete digital process with no physical documentation required using only your PAN card and Aadhaar number.

You can avail an Instant Personal Loan with IndusInd Bank at low interest rates starting from 10.49%. However, one must know interest rates can vary based on a lot of factors. Your credit score, income, loan amount, and repayment capacity are some factors that banks take into consideration. In addition, the applicantā€™s profile also determines the interest rates.

A processing fee of up to 3.5% of the loan amount and requisite documentation charges are applicable, and the same is deducted from the loan amount at the time of disbursal.

Yes, stamp duty is applicable for Personal Loan agreements. However, the exact amount may vary between states. Banks charge stamp duty as per the stateā€™s applicable stamp laws.

If your personal loan gets rejected, try to understand the reason for rejection. You can contact the bank to get a clear idea regarding this.

Also, you can work on improving your credit score, clearing existing debts, and ensuring that all application details are accurate. Reapplying after addressing these issues can improve your chances.

If you have urgent financial needs, you can also consider applying with a co-applicant.

To calculate EMI, banks use the following formula:

E = P x R x (1+r)^n/((1+r)^N ā€“ 1.

Here,

ā€˜Eā€™ = Equated Monthly Instalment

ā€˜Pā€™ stands for principal amount

ā€˜Rā€™ denotes the applicable rate of interest

ā€˜Nā€™ stands for the loan term or tenure.

However, you can simply use our Personal Loan EMI Calculator to get an estimate of your EMI with just a few clicks.

MORE FAQs

Salaried individuals must provide the following documents for a Personal Loan:

  • Application form with photograph
  • Proof of Identity:
    • Driving license
    • Passport
    • Voters ID
    • Aadhaar
    • PAN
  • KYC: Valid identity/Residence/Signature proof
  • Income proof:
    • Form 16/ITR for last 3 years
    • Latest 3 monthsā€™ salary slips
  • Banking: Latest 3 monthsā€™ Salary Credit Bank Statement.

Self-employed individuals and professionals will also have to provide bank statements for their Current Account and Primary Savings Account.

However, for Instant Personal Loans upto ā‚¹5 lakh, you can apply online through a complete digital process with no physical documentation required using only your PAN card and Aadhaar number.

To apply for a Personal Loan with IndusInd Bank, a salaried individual must:Ā 

  • Be minimum 21 years of age.
  • Have a minimum net monthly income of ā‚¹25,000.
  • Have completed a minimum of 2 years in employment and a minimum of 1 year in the current organisation.
  • Should have completed a minimum 1 year of stay at the current residence, if rented.

In addition, their maximum age at the loanā€™s maturity should be 60 years or retirement age, whichever is earlier.

The eligibility criteria vary for self-employed professionals and individuals. The minimum age to apply for personal loan is 25 years and maximum age at loan maturity should be 65 years. The bank will consider their annual net income post tax which should be ā‚¹4.8 lakhs minimum and post qualification experience of minimum 4-5 years.

A minimum CIBIL score of 730 is required to be eligible for a Personal Loan.

For a salaried professional, the minimum salary should be ā‚¹25,000.

Self-employed professionals and individuals need to meet separate income criteria. They should have a minimum annual net income of ā‚¹4.8 lakhs. This limit is considered after income tax deductions.

The personal loan amount depends on various factors like your credit score, existing debts, and repayment capacity.

MORE FAQs

In case of any overdue EMIs, you can pay it by clicking on the link below:

Link:Ā https://myaccount.indusind.bank.in/LoanEMIWeb/default.aspx

You may also reach out to the bank and explain why the payment was overdue. The bank might offer a favourable solution.

Regardless, the ideal thing to is pay the overdue EMI as soon as possible, along with any late penalties. You can make the payment online, through a mobile banking app, or by visiting a branch.

Yes, IndusInd Bank provides a top-up facility on existing personal loans. This option allows customers to borrow additional funds over their current loan amount. However, eligibility for the top-up facility is subject to the customer meeting the bank's policy norms and guidelines. You can reach out to the bank via a branch or our 24/7 customer service to get more clarity.

MORE FAQs

Terms and Conditions apply. All Loans at the sole discretion of IndusInd Bank Ltd.
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