IndusInd Bank Personal Loan Interest rates from 10.49% p.a
Apply for a personal loan from IndusInd Bank with interest rates starting from 10.49% p.a. Enjoy quick approval, flexible terms, and easy access to funds.
IndusInd Bank Personal Loan Interest Rate
The benchmark rate for personal loans as set by the IndusInd Bank is 10.49% while the final rate may slightly vary and may extend up to the 19 per cent. These rates are supposed to meet the needs of consumers differently while at the same time, being affordable.
The IndusInd Bank personal loan interest rate depends on the credit score, type of employment, monthly income, loan period, and the ability to repay the loan amount. Customers with high credit rating, stable income and low loan-to-income ratio will get the lowest possible interest rate.
IndusInd Bank Interest Rate VS Other Banks
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Conditions that influence interest rates for IndusInd Personal Loan interest rate
- Credit Score : Credit score Applicants with a credit score of more than 750 are likely to negotiate better interest rates for their borrowing since the perceived risk is low.
- Income Stability: When a borrower has a fixed monthly income then it becomes easy for the lender to recover their loan amount without having to issue frequent notice
- Employment Type: People working in reputed companies or government departments with regular salaried income usually avail better interest rates than freelance or independent people.
- Loan Amount: Higher loan amounts may also be associated with slightly lower rates of interest because fixed costs are spread out over larger sums.
- Loan Tenure: Lower interest rates are associated with the shorter tenures because the exposure and potential risk to the lender are significantly reduced in the given amount of time.
- Present Relationship with IndusInd Bank: Existing customers of IndusInd Bank especially those who have sound financial strength may be charged lower interest since they are long-term customers
Tips on How to Secure the Best Interest Rates on IndusInd Bank Personal Loans
- Always have a good credit rating: Check your credit report frequently and make sure you have a score of 750 or better for the best interest rates.
- Take Advantage of Your Employer Brand: If you are employed with a reputed organization, it is important to disclose it in the course of application since it can reduce the interest rates significantly
- Opt for Shorter Tenures: While shorter tenures imply enhanced EMIs, interest rates are also reduced, thus minimizing the cost of borrowing
- Special Offers: Always check for special deals like the annual or the holiday promotions that allow the company to offer lower interest rates or no processing fees
IndusInd Bank Personal Loan Interest Rate with an Example
An EMI calculator helps you estimate your monthly repayments, making financial planning easier.
Formula: EMI = \[P x R x (1+R)^N\] / \[(1+R)^N - 1\]
where:
P = Loan amount,
R = Monthly interest rate,
N = Loan tenure in months.
How It Works:
- Enter the loan amount.
- Input the applicable interest rate.
- Choose the desired repayment tenure.
Example Calculation:
- Loan Amount: ₹1,00,000
- Interest Rate: 10.5% p.a.
- Tenure: 4 years
- Monthly EMI - ₹2560.34
- Total Cost of the loan - ₹1.23 Lakh (Excluding fees and charges)
FAQ on IndusInd bank Personal Loan Interest rate
1. Is it possible to alter the tenure of an IndusInd Bank personal loan once the application has been approved?
Once the loan is disbursed, the tenure cannot be changed at any cost. You can however pay your loan ahead to bring down the period of the loan.
2. Is the ROI fixed on Personal Loans from IndusInd Bank?
Yes, the interest rate for personal loan from IndusInd Bank is fixed throughout the tenure of the loan
3. Is there a penalty for paying the EMIs of personal loans after the due date?
Late payments are penalized, and normally this is expressed as a percentage of the past due amount.
4. How does IndusInd Bank arrive at the idea of the right loan amount that will be suitable for me?
Some factors that decide your loan amount eligibility include your income, credit history, ability to repay the loan and your debt to income ratio
5. What is the processing fee of IndusInd Bank Personal Loan?
IndusInd Bank charges upto 3.5% of the loan amount disbursed to the customer as processing fees
