Easy documentation
Obtain an instant personal loan with simple documentation, quick processing and speedy disbursal.
Flexi Personal Loan tenure
Apply for personal loan and choose a comfortable loan tenure between 1 to 5 years i.e. 12 to 60 months.
Best-in-class features
Enjoy the convenience of doorstep service, low personal loan interest rates, no stress of collaterals or guarantors and lots more!
How to apply for Indus Easy Credit Personal Loan?
Indus Easy Credit Personal Loan is just four step online process which allows you to get money in real-time for all your desired needs. Please keep Identity, Address and Income proof details/documents handy for quick application process of the instant personal loan.
Do I get special privileges as a IndusInd Bank Customer?
As an IndusInd Bank Customer, you will be offered special interest rates, asked for minimal documentation and your application will be processed on priority. Having an account with us enables us to assess your financial requirements better; and assists us in providing you with services and loan amount commensurate with your payment ability and requirement.
Do IndusInd Bank offer any top-up on the existing personal loan?
Yes, IndusInd Bank offers a top-up on the existing personal loan to help customers meet the new expenses. Terms and conditions apply.
Is part-prepayment of a Personal Loan allowed?
Part prepayment is not allowed. The personal loan has to either be prepaid in full or serviced for the contracted tenure.
What is a personal loan?
A personal loan is an unsecured term loan provided by the bank that an individual can use as per his/her personal need. A personal loan unlike a home or car loan do not require lock in of any collateral by the applicant.
What can a personal loan be used for?
A personal loan can be used for various expenses such as education, medical bills, home renovation, wedding, etc. A low interest personal loan is one of the easiest ways to get financial aid for any personal use.
What are the minimum and maximum online personal loan amounts?
The online personal loan amount ranges from Rs. 50,000 to Rs. 15,00,000 depending on the eligibility, income, CIBIL Score, profile of an individual and repayment capacity.
What are the personal loan tenure options?
You can choose to avail an instant personal loan with tenure from 12 to 60 months.
How long will it take for my Personal Loan online application to be approved?
Once you submit your application form and the required documents, your personal loan can be approved and disbursed within few hours in case all details are correct and verified in real-time, else it may take few days (1-2 days).
What is the minimum eligibility for a personal loan?
The minimum eligibility for an instant personal loan is:
- An individual should be 21 years of age at the time of application.
- The minimum net monthly income should be at least Rs. 25,000.
- Completed minimum of two years in employment and one year in the current organization.
- Completed minimum one year of stay at the current residence, if rented.
Are there any additional charges?
A processing fee up to 2.50% of the loan amount and requisite documentation charges is payable same will be deducted from the loan amount at the time of disbursal.
How can I repay my Personal Loan?
You pay the loan in equated monthly installments (EMIs). The loan will be paid through ECS. You can also pay through a standing instruction to debit your IndusInd Bank account with the EMI amount.
At what interest rate can I avail an instant personal loan online?
At IndusInd Bank, you can get a low interest personal loan with rate of interest starting 10.49% onwards.
Can I prepay/foreclose my personal loan?
You can prepay/foreclose the entire loan outstanding anytime after paying 12 installments for Salaried Clients and any time after 6 installments for Self Employed Clients. Prepayment charges as applicable would be levied on the outstanding loan amount. The exact amount for pre-closure of the loan is available in the Foreclosure Letter issued by the bank. TAT (Turn Around Time) for issuance of a Foreclosure Letter is 15 working Days from the date of request.