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Pre-loan Eligibility checker

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Last updated on: June 16, 2025

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IndusInd Personal loan Eligibility Calculator

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EMI(Included if you have)*: 1% to 1.5%* for gold loan; 5%* for Credit cards

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Eligibility Criteria for IndusInd Bank Personal Loans in 2024

Eligibility CriteriaDetails/Requirements
AgeMinimum: 21 years, Maximum: 60 years
Employment TypeSalaried individuals and self-employed
Minimum IncomeSalaried: ₹25,000/month; Self-employed: ₹4.8 Lakhs annual post-tax
Employment StabilitySalaried: 2 years overall, 1 year with current employer; Self-employed: 4 years business continuity
Credit ScoreTypically 750+
Loan Amount₹30,000 to ₹50 Lakhs
Loan Tenure12 to 72 months
Existing RelationshipExisting IndusInd customers may get preferential terms
Documents RequiredID proof, address proof, income proof, bank statements, Form 16, ITR (3 years), 3-month payslips, photographs
Debt-to-Income RatioPreferred: 50% or lower
Interest RatesFrom 10.49%
Processing FeeUp to 3%
Guarantor/Co-applicantMay 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

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Prem Anand
Prem Anand
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Prem Anand
10 + years Experienced content writer specializing in Banking, Financial Services, and Insurance sectors. Proven track record of producing compelling, industry-specific content. Expertise in crafting informative articles, blog posts, and marketing materials. Strong grasp of industry terminology and regulations.
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Prem Anand Reviewed by
GuruMoorthy A
Prem Anand
Founder and CEO
Gurumoorthy Anthony Das
With over 20 years of experience in the BFSI sector, our Founder & MD brings deep expertise in financial services, backed by strong experience. As the visionary behind Fincover, a rapidly growing online financial marketplace, he is committed to revolutionizing the way individuals access and manage their financial needs.
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