IndusInd Bank Personal Loan Interest Rates March 2019 – EMI Calculator, Eligibility

Looking for IndusInd Bank personal loan calculator? Compare with others on Interest Rates, EMI, Loan amount, process, approval time, and application status & loan eligibility through emicalculator-india.com

IndusInd Bank offers personal loans from 1 lakh to 20 lakh at interest rates of 11.25%. Processing fees are Up to 2.50% of loan amount plus tax. IndusInd Bank disbursed loan in your account within 48 working hours. IndusInd Bank offers Part pre-payment option to borrowers for easy repayment. IndusInd bank repayment period are 1 to 5 years. Minimum net monthly income should be Rs.25000 for salaried and Minimum annual net income post tax should be Rs.4.8 lakh for self employed / business man

About Bank – IndusInd Bank Limited is a Mumbai based Indian new generation bank, established in 1994. The bank offers commercial, transactional and electronic banking products and services.
Customer service: 1860 500 5004
Headquarters: Mumbai

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Disclaimer: We do not provide Personal Loans but help you to connect with banks to get best deals.
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IndusInd Bank Personal Loan Details

Interest Rates 11.25% onwards
1 Year MCLR Rate 8.85%
lowest emi per lakh for 4 years Rs. 2597
Processing Fee Up to 2.50% of loan amount plus tax
Prepayment Charges Up to 4% on total principal outstanding at the time of calculating the amount
Repayment 5 Years
Age 21 – 55
Loan Amount 30 lakh for Salaried, 10 Lakh for entrepreneurs
Disbursal Time 2-5 days
Minimum Income Per Month 25000
Bank IndusInd Bank

IndusInd Bank Personal Loan Eligibility Criteria

For Salaried Employees – Minimum age 21 to 60 years or retirement age whichever is earlier, monthly income should be Rs.25000, minimum 2 years in employment, minimum 1 year of stay at the current residence, if rented.
Self-Employed Professionals / Self-Employed Individuals – Minimum age should be 25 years and maximum age at loan maturity should be 65 years, minimum annual should be Rs.4.8 lakh, (4 years of post qualification experience for self-employed professionals & 5 years of post qualification experience for self-employed individuals).

Documents Required for IndusInd Bank Personal loan

Identity Proof – Passport, photo pan card, driving license, votes id card, photo ration card
Address Proof – Passport, telephone bill, ration card, electricity bill, driving license, life/medical insurance policy, rental agreement, apartment allotment letter

IndusInd Bank Personal Loan Calculator

What is Personal Loan EMI?

Personal Loan EMI is the ‘Equated Monthly Instalment’ that you pay until the final repayment of your personal loan. EMI is a simple monthly break-up of the total principal plus interest amount for the purpose of easy repayment. Calculating the EMI amount beforehand becomes vital in deciding the amount you would like to loan and in planning its repayment without affecting your monthly budget. Our Personal loan EMI Calculator helps you to determine your exact EMI in correspondence with your desired loan amount, loan tenure and interest rate.

For calculate monthly emi, enter your required loan amount, interest rate & repayment period. Example if you take 5.00 lakh of loan amount at 11.50% ROI for 4 years your emi would be Rs. 10996/- per month.

Loan Amount     Rs.
Interest Rate % Per Annum
Loan Tenure Years
Installment Date
Results
Loan Amount Rs. 2,00,000
Monthly Instalment (EMI) Rs. 5,516
Total Interest Amount Rs. 64,748
Total Amount (Principal + Interest) Rs. 2,64,748
Installment NoInstallment DateOpening BalanceEMIInterestPrincipal
201704/2017 To 12/2017Rs. 2,00,000Rs. 49,644Rs. 20,363Rs. 29,281
Apr04/2017Rs. 2,00,000Rs. 5,516Rs. 2,417Rs. 3,099
May05/2017Rs. 1,96,901Rs. 5,516Rs. 2,379Rs. 3,137
Jun06/2017Rs. 1,93,764Rs. 5,516Rs. 2,341Rs. 3,175
Jul07/2017Rs. 1,90,589Rs. 5,516Rs. 2,303Rs. 3,213
Aug08/2017Rs. 1,87,376Rs. 5,516Rs. 2,264Rs. 3,252
Sep09/2017Rs. 1,84,124Rs. 5,516Rs. 2,225Rs. 3,291
Oct10/2017Rs. 1,80,833Rs. 5,516Rs. 2,185Rs. 3,331
Nov11/2017Rs. 1,77,502Rs. 5,516Rs. 2,145Rs. 3,371
Dec12/2017Rs. 1,74,131Rs. 5,516Rs. 2,104Rs. 3,412
201801/2018 To 12/2018Rs. 1,70,719Rs. 66,192Rs. 21,887Rs. 44,305
Jan01/2017Rs. 1,70,719Rs. 5,516Rs. 2,063Rs. 3,453
Feb02/2017Rs. 1,67,266Rs. 5,516Rs. 2,021Rs. 3,495
Mar03/2017Rs. 1,63,771Rs. 5,516Rs. 1,979Rs. 3,537
Apr04/2017Rs. 1,60,234Rs. 5,516Rs. 1,936Rs. 3,580
May05/2017Rs. 1,56,654Rs. 5,516Rs. 1,893Rs. 3,623
Jun06/2017Rs. 1,53,031Rs. 5,516Rs. 1,849Rs. 3,667
Jul07/2017Rs. 1,49,364Rs. 5,516Rs. 1,805Rs. 3,711
Aug08/2017Rs. 1,45,653Rs. 5,516Rs. 1,760Rs. 3,756
Sep09/2017Rs. 1,41,897Rs. 5,516Rs. 1,715Rs. 3,801
Oct10/2017Rs. 1,38,096Rs. 5,516Rs. 1,669Rs. 3,847
Nov11/2017Rs. 1,34,249Rs. 5,516Rs. 1,622Rs. 3,894
Dec12/2017Rs. 1,30,355Rs. 5,516Rs. 1,575Rs. 3,941
201901/2019 To 12/2019Rs. 1,26,414Rs. 66,192Rs. 15,017Rs. 51,175
Jan01/2017Rs. 1,26,414Rs. 5,516Rs. 1,528Rs. 3,988
Feb02/2017Rs. 1,22,426Rs. 5,516Rs. 1,479Rs. 4,037
Mar03/2017Rs. 1,18,389Rs. 5,516Rs. 1,431Rs. 4,085
Apr04/2017Rs. 1,14,304Rs. 5,516Rs. 1,381Rs. 4,135
May05/2017Rs. 1,10,169Rs. 5,516Rs. 1,331Rs. 4,185
Jun06/2017Rs. 1,05,984Rs. 5,516Rs. 1,281Rs. 4,235
Jul07/2017Rs. 1,01,749Rs. 5,516Rs. 1,229Rs. 4,287
Aug08/2017Rs. 97,462Rs. 5,516Rs. 1,178Rs. 4,338
Sep09/2017Rs. 93,124Rs. 5,516Rs. 1,125Rs. 4,391
Oct10/2017Rs. 88,733Rs. 5,516Rs. 1,072Rs. 4,444
Nov11/2017Rs. 84,289Rs. 5,516Rs. 1,018Rs. 4,498
Dec12/2017Rs. 79,791Rs. 5,516Rs. 964Rs. 4,552
202001/2020 To 12/2020Rs. 75,239Rs. 66,192Rs. 7,081Rs. 59,111
Jan01/2017Rs. 75,239Rs. 5,516Rs. 909Rs. 4,607
Feb02/2017Rs. 70,632Rs. 5,516Rs. 853Rs. 4,663
Mar03/2017Rs. 65,969Rs. 5,516Rs. 797Rs. 4,719
Apr04/2017Rs. 61,250Rs. 5,516Rs. 740Rs. 4,776
May05/2017Rs. 56,474Rs. 5,516Rs. 682Rs. 4,834
Jun06/2017Rs. 51,640Rs. 5,516Rs. 624Rs. 4,892
Jul07/2017Rs. 46,748Rs. 5,516Rs. 565Rs. 4,951
Aug08/2017Rs. 41,797Rs. 5,516Rs. 505Rs. 5,011
Sep09/2017Rs. 36,786Rs. 5,516Rs. 444Rs. 5,072
Oct10/2017Rs. 31,714Rs. 5,516Rs. 383Rs. 5,133
Nov11/2017Rs. 26,581Rs. 5,516Rs. 321Rs. 5,195
Dec12/2017Rs. 21,386Rs. 5,516Rs. 258Rs. 5,258
202101/2021 To 03/2021Rs. 16,128Rs. 16,548Rs. 392Rs. 16,156
Jan01/2017Rs. 16,128Rs. 5,516Rs. 195Rs. 5,321
Feb02/2017Rs. 10,807Rs. 5,516Rs. 131Rs. 5,385
Mar03/2017Rs. 5,422Rs. 5,516Rs. 66Rs. 5,450
Total:Rs. 2,64,768Rs. 64,740Rs. 2,00,028

Pre-calculated emi for personal loan as per interest rates, loan amount and tenure.

Loan Amount Tenure In Years Interest Rate Monthly EMI
50000 5 11.25% Rs. 1,093
100000 5 11.25% Rs. 2,187
150000 5 11.25% Rs. 3,280
200000 5 11.25% Rs. 4,373
250000 5 11.25% Rs. 5,467
300000 5 11.25% Rs. 6,560
350000 5 11.25% Rs. 7,654
400000 5 11.25% Rs. 8,747
450000 5 11.25% Rs. 9,840
500000 5 11.25% Rs. 10,9334
600000 5 11.25% Rs. 13,120
650000 5 11.25% Rs. 14,214
700000 5 11.25% Rs. 15,307
750000 5 11.25% Rs. 16,400
800000 5 11.25% Rs. 17,494
850000 5 11.25% Rs. 18,587
900000 5 11.25% Rs. 19,681
950000 5 11.25% Rs. 20,774
1000000 5 11.25% Rs. 21,867

IndusInd Bank offers personal loans in these cities only – Chandigarh / Panchkula, Ahmedabad, Bangalore, Delhi / New Delhi, Mumbai, Chennai, Faridabad, Navi Mumbai, Hyderabad / Secunderabad, Ghaziabad, Pune, Coimbatore, Gurgaon, Thane, Vishakhapatnam, Jaipur, Nagpur, Kochi, Kolkata, Surat, Noida, Baroda, Amritsar, Indore, Bhubaneswar, Cuttack, Jodhpur, Kanpur, Lucknow, Ludhiana.

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