Apply for Indusind Bank Personal Loan Back

Tenure Range

1 to 5 years

Processing Fee

Up to ₹3000

Interest Rate Range

12% to 19%

Rs.

Indusind Bank Personal Loan Interest Rate 2018

Indusind Bank Personal Loan Interest Rate 2018
Interest Rate12% to 19%
Processing ChargesUp to ₹3000
Loan Tenure1 to 5 Years
Loan Amount2 Lakhs to 20 Lakhs
Cheque Bounce Charges Rs 450/- plus tax
Cheque / Instrument Swap Charges Rs 500/- plus taxes per event
Prepayment or Foreclosure ChargesSalaried: 4% of the principal outstanding after repayment of 12 EMIs.
Self Employed: 4% of the principal outstanding after repayment of 6 EMIs

Documents for Indusind Bank Personal Loan

Following documents are required for loan approval -

Know your customer (KYC) formalities:

  • Application form with a recent photograph
  • Proof of Identity (Passport Copy/ Voter ID card/ Driving License/ PAN Card)
  • Address Proof (Ration card/ Telephone Bill/ Electricity Bill/ Rental agreement / Passport copy/ Bank Passbook or Statement/Driving License)
  • Age proof (PAN Card, Passport, any other certificate from a statutory authority)
Salaried EmployeesSelf-employed ProfessionalsSelf-employed Individuals
Proof of identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar numberProof of identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar numberProof of Identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number
Proof of residence: Leave and License Agreement/ration card /utility bill (not more than 3 months old) / valid passport - provided the passport address is present address mentioned in application formProof of residence: Leave and License Agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate / valid Passport - provided the passport address is present address mentioned in application formProof of residence: Leave and License Agreement / ration card / utility bill (not more than 3 months old) / Trade License/establishment/sales tax certificate/valid passport - provided the passport address is present address mentioned in application form
Proof of Income: Latest 3 months salary slip / salary certificate and latest Form 16Business (Current Account) Bank Statements (latest 6 months bank statement/passbookBusiness (Current Account) bank statements (latest 6 months bank statement / passbook)
Bank Statements: Latest 3 months bank statement (where salary is credited)Proof of qualification: Highest Professional DegreeLatest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CABusiness continuity proof: Trade license / establishment/sales tax certificate)
Profession continuity proofAdditional mandatory documents: Sole proprietorship declaration/certified copy of partnership deed /certified copy of MOA, AOA and Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm's B/S, P&L a/c with all schedules certified by a CA