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IndusInd Personal loan Eligibility Calculator

Get Personal Loan for all your needs at IndusInd Bank with low interest rates and paperless documentation.


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Eligibility Criteria for IndusInd Bank Personal Loans in 2024

Eligibility Criteria



Minimum age: 21 years, Maximum age: 60 years

Employment Type

Salaried individuals and self-employed

Minimum Income

Salaried: Monthly income of at least Rs. 25,000; Self-employed: Annual income post tax should be Rs. 4.8 Lakhs

Employment Stability

Salaried: Minimum 2 years of employment experience with one year at with current employer; Self-employed: Minimum 4 years of business continuity

Credit Score

A good credit score, typically above 750

Loan Amount

Rs. 30000 to Rs. 50 lakhs

Loan Tenure

Minimum tenure: 12 months; Maximum tenure: 72 months

Existing Relationship

Existing IndusInd Bank customers may receive preferential terms

Documents Required

ID proof, address proof, income proof, bank statements, and passport-size photographs, Application form, Form 16, ITR 3 years, Last 3 months payslip

Debt-to-Income Ratio

Usually, a debt-to-income ratio of 50% or lower is preferred

Interest rates

From 10.49%

Processing Fee

Upto 3%


Co-applicant may be required in some cases

How to improve your Personal Loan Eligibility

Improving your personal eligibility involves meticulous financial planning and proactive measures. Here are six tips to enhance your personal loan eligibility

Maintain a Good Credit Score

A High Credit Score is required for personal loan approval. Usually, banks expect a credit score of 750+ in order to grant approval for a loan. If you have low credit score, payback your dues, rectify the errors in the credit report to increase your credit score

Stability in Employment

Most Banks expect a stable employment tenure for the loan applicants. Frequent job changers are a liability as a question mark is raised about their loyalty and repaying ability.

Manage Debt Effectively

A Debt-to-income ratio of less than 40% makes you more favourable to lenders as you have a better chance of repayment

Optimize Income Levels

If possible, work towards increasing your monthly income. This could involve negotiating a salary raise, taking up additional freelance work, or diversifying income sources

Build a relationship with IndusInd Bank

Having a relationship with IndusInd bank such as savings account or fixed deposit may enhance your chances. IndusInd banks provides preferential treatment to existing customers

Yes, IndusInd Bank often allows borrowers to choose a repayment tenure that suits their financial situation, providing flexibility.
IndusInd Bank may offer specialized loan structures or benefits for certain industries or professions. You will have to check with the bank
Yes, IndusInd Bank may offer top-up loans to existing borrowers who meet certain criteria, providing additional funds seamlessly.
While ITR filings are essential, IndusInd Bank may request additional financial documents, including audited statements, for a comprehensive assessment of the business's financial health.
Yes, IndusInd Bank provides an online tracking facility, allowing applicants to monitor the status of their personal loan applications conveniently.