IndusInd Bank offers personal loans to salaried employees, self employed professionals and individuals after assessing their eligibility.
What is the criteria for IndusInd Bank Personal Loan Eligibility?
IndusInd Bank Personal Loan Eligibility for Salaried Employees
- The minimum age limit of the applicant should be 21 years
- The maximum age of the borrower at the time of loan maturity should be 60 years or the retirement age
- Minimum net monthly income of the borrower should be Rs 25,000
- Should have stayed at least for a year at the current residence (if rented)
- Should have completed 2 years of employment
- Should have worked for at least 1 year in the current organization
IndusInd Bank Personal Loan Eligibility For Self-employed Professionals
- Minimum age of the applicant should be 25 years
- Maximum age at the time of loan maturity should be 65 years
- Minimum net annual income after tax deduction should be Rs 4.80 lakhs
- Should have experience of 4 years post qualification.
IndusInd Bank Personal Loan Eligibility For Self-employed Individuals
- The applicant should be at least 25 years of age
- The borrower should be 65 years old at the time of loan maturity
- The net annual income should be at least Rs 4.80 lakhs after-tax deduction
- Should have at least 5 years of post-qualification experience
Along with the above-mentioned criteria, the bank may also consider the credit score, existing EMIs from other loans or credit cards, etc. to evaluate the personal loan eligibility of IndusInd Bank personal loan applicants, just like other lenders.
