The loan application process at ULI loan is easy to use. From the home page, visitors can click on the personal loan section. After a short series of simple inquiries, they will be taken to the final results page, which lists all the relevant loans offered by various lenders, including IndusInd Bank. After that, users have the option to continue with the application process or compare loans.
In the interim, users can get help and details on ongoing promotions by contacting ULI loan customer service if they feel uncomfortable at any stage of the process. Personal loans from IndusInd Bank are available for a variety of uses and at competitive interest rates. They offer instant online personal loans that are approved and processed quickly. Check out Bank of Baroda Personal Loan.
- Maximum loan amount Rs 50 lakh
- Annual interest rate 10.49%
- Up to 3.5% of the loan amount as processing fee
- Fast approval process and prompt disbursement
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IndusInd Bank Personal Loan Details:
| Particulars | Specification |
| Interest Rate (Monthly reducing balance) | 10.49% onwards |
| Loan Amount | Rs.30,000 to Rs.50,000 |
| Processing Fees | Up to 3.5% onwards |
| Loan Tenure | 1 to 6 years |
| Pre-Closure Charges | Pre-closure permitted after 1 year. 4% of principal outstanding (plus applicable tax) |
| Guarantor Requirement | No guarantor required |
Features of IndusInd Bank Personal Loan:
- Flexible loan terms offered
- With minimal physical evidence requirements, IndusInd Bank offers personal loans that are processed instantly and credited to your bank account.
- Get doorstep assistance for loan-related processes.
- Competitive rates of interest
- No collateral or guarantee
- Eliminate high-interest loans using the “Balance Transfer Option”.
- Flexible repayment gateways, like ECS from any bank or debit from IndusInd Bank account
Documents required for a personal loan from IndusInd Bank:
1. Signed application form with photograph
2. Copy of passport/voter ID card/driving license
4. Last 3 months bank statement/6 months bank passbook
5. Documentation for salaried applicants:
- Latest salary slip
- Current dated salary certificate with the latest Form 16
6. Documentation for self-employed applicants:
- Latest Bank statement
- Latest ITR or Form 16
Eligibility Criteria for IndusInd Personal Loan:
| Salaried Employees | |
| Eligible Professions | Chartered accountants, doctors, select private and public sector employees, PSU, central/state/local government employees |
| Age Range | 21 to 60 years |
| Monthly Net Income | Minimum Rs 25,000 |
| Work Experience | 2 years overall, 1 year with the current employer |
| Residence Requirement | For rented accommodation, at least 1 year in the current residence |
| Self-Employed Professionals | |
| Eligible Professions | Architects, self-employed doctors, CAs, engineers, company secretaries, MBA consultants |
| Age Range | 25 to 65 years |
| Annual Net Income | More than Rs 4.8 lakhs |
| Work Experience | Minimum 4 years post qualification |
| Self-Employed Individuals | |
| Eligible Professions | Partners, directors, sole proprietors involved in services, trading, or manufacturing businesses |
| Age Range | 25 to 65 years |
| Annual Net Income | More than Rs 4.8 lakhs |
| Work Experience | Minimum 5 years post qualification |
Other Fees & Charges:
| Prepayment Charges | Salaried: 4% of the principal outstanding after repayment of 12 EMIs. Self-Employed: 4% of the principal outstanding after repayment of 6 EMIs |
| Payment Dishonor Charges | Rs.450/- plus tax |
| Personal loan Duplicate Statement Charge | Rs.250/- plus taxes per event |
| Cheque / ECS / SI Swapping Charges | Rs.500/- plus taxes per event |
| Duplicate No Dues Certificate | Rs.250/- plus taxes per event |
| Duplicate Amortization Schedule Charge | Rs.250/- plus taxes per event |
| Loan Re-Booking / Rescheduling Charges | Rs.1000/- plus taxes per event |
| Loan Cancellation Charges | Rs.1000/- plus taxes per event |
| Charges for Photocopy of Agreement / Documents | Rs.250/- plus taxes per event |
| Penal Charge | Rs.150/- plus taxes, Per EMI delay beyond 5 days |
| Legal Charges | As per Actuals |
| Stamp Duty | As per State Laws |
| CIBIL Report | Rs.50/- per instance per set + Taxes as applicable |
How is EMI calculated for IndusInd Personal Loan?
Customers can use BankBazaar’s specific Personal Loan EMI Calculator to determine the amount of EMI payable on IndusInd Personal Loan:
- Go to the Financial Tools tab above on the BankBazaar website with your mouse. Select EMI Calculator for Personal Loan.
- Provide the exact amount for each of the following categories: Loan amount (up to Rs 25 lakh), Tenure (up to 5 years), Interest rate (applicable interest rate), and Processing fee (as per the specific bank’s guidelines).
This page will give you an overview of your actual repayment status and will be very useful in helping you plan the loan repayment during the selected period. Also, check Axis Bank Business Loan.
IndusInd Bank Personal Loan Balance Transfer
If you have taken a personal loan from another lender, you can use this service to transfer your loan balance from your old bank to IndusInd Bank. Since your current loan has reasonable interest rates and low processing fees, you will get the benefit of lower annual percentage rates (EMIs). This will make it easier for you to repay the loan on time and will also help you increase your credit score.
You can find the ‘Balance Transfer’ facility under ‘Personal Loans’ on the official IndusInd Bank website. You can click on ‘Apply Now’ and follow the instructions to use the facility after being redirected to a new page after clicking it.
Registered Office Address of IndusInd Bank
IndusInd Bank Ltd., 2401 General Thimmayya Road (Cantonment), Pune-411 001, India.
IndusInd Bank Personal Loan Customer Care No.
| Contact Method | Details |
| Phone | Call 1860 500 5004 or 022 44066666 (available 24/7) |
| [email protected] | |
| In-Person | Visit any nearest IndusInd Bank branch |
