Personal Loan Eligibility Criteria

A personal loan from IndusInd Bank can help solve your short-term financial requirements in an effective manner. With us, you can get your loan approved in no time by providing basic information involving minimum documentation.

We, at IndusInd Bank, offer personal loans ranging from INR 50,000 – INR 15,00,000, depending on your income, eligibility, repayment capacity, and nature of job, at the most competitive rates.

Personal loan eligibility is something you should be aware of in order to quicken the application process of availing the required funds. We, at IndusInd Bank, have a set of basic eligibility criteria. Before applying for a personal loan with us, make sure you check the following eligibility criteria carefully:

In order to increase your value on the personal loan eligibility calculator, make sure you work on the following:

  • Pay off your pending dues
  • Choose a longer loan duration and repayment tenure

Once you establish your eligibility to apply for a personal loan with us, and produce the required documents, the application process and the disbursal of funds take no time.

Know your Personal loan eligibilty criteria here

Personal Loan Eligibility for Salaried Employees:

This category includes salaried doctors, salaried Chartered Accountants, employees of select Public and Private Limited companies, Government Sector employees including Public Sector Undertakings and Central, State and Local bodies.

  • Minimum age at the time of application should be 21 years
  • Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier
  • Minimum net monthly income should be Rs.25000
  • Should have completed minimum 2 years in employment and minimum 1 year in the current organisation
  • Should have completed minimum 1 year of stay at the current residence, if rented
Personal Loan Eligibility for Self-employed Professionals:

This category includes self-employed doctors (MBBS and higher degree), Architects, Chartered Accountants, Company Secretaries, Engineers and MBA consultants.

  • Minimum age at the time of application should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 4 years of post qualification experience
Personal Loan Eligibility for Self-employed Individuals:

This category includes self-employed sole proprietors, directors and partners in the business of manufacturing, trading or services

  • Minimum age at the time of application should be 25 years
  • Maximum age at loan maturity should be 65 years
  • Minimum annual net income post tax should be Rs.4.8 lakh
  • Should have 5 years of post qualification experience