IndusInd Bank Personal Loan [Interest Rate, Fees, Term, Advance Fees 2023]

By | October 31, 2023

 

About IndusInd Bank: IndusInd Bank, one of India’s leading new generation private banks, was founded in 1994 by former Union Finance Minister Manmohan Singh. With multi-channel distribution capabilities, the bank specializes in meeting the needs of individual and corporate customers.

The bank’s name is inspired by the Indus Valley Civilization, which embodies a combination of innovation involving trade and economics. It is considered the only Indian bank to be included in the S&P DJSI Sustainability Yearbook. It is also known as the first Indian bank to obtain ISO 9001:2000 certification for all its branches and branches.

Head Office: IndusInd Bank was established with its head office at Mumbai. The company also has representative offices in the United Arab Emirates and London. The bank has a subsidiary called BFIL (Bharat Financial Inclusion), a financial company licensed by the Reserve Bank of India. It functioned independently and then merged with IndusInd. The bank is owned by Hinduja Group and Life Insurance Corporation (LIC). 4,444 Employees: IndusInd Bank currently employs 30,674 employees across its network of branches. Sumath Kathpalia is the Chairman and Managing Director of the Bank. Arun Tiwari is the bank’s chairman.

Number of branches and ATMs: As of 2022, IndusInd operates a network of 2,015 branches and 2,866 ATMs in 760 locations across the country. BFIL, a subsidiary of the bank, is headquartered in Hyderabad, India. The company has 2,150 stores across India. IndusInd Bank serves over 2.5 million customers at its 5,000 outlets across the country.

Interest rate: 11% per annum

Loan amount: Up to Rs 25 million

Maximum term: 5 years

Processing fee: 1-3% of loan amount + GST ​​

Advance fee: 4% of outstanding amount

Minimum monthly/business annual income: Loan Subject to amount requirements

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