Personal Loan · Bank review
IndusInd Bank Personal Loan
IndusInd Bank is a private-sector bank that lends personal loans to salaried and self-employed borrowers. Its published starting rate sits in the middle of the banks we track, but its standard processing fee is one of the highest, which makes the fee, not the rate, the number to negotiate. Below are IndusInd's published rate and fee, a worked example of what they cost, and what to ask before you sign.
Rates checked against the lenders' official pages on 28 September 2026. Your actual rate depends on your profile; confirm with the lender before you apply.
Official rate pages: IndusInd Bank
- Interest rate
- 10.49% p.a.
- Processing fee
- 3.5% (1.5% to 2% during offers)
How it compares: a starting rate of 10.49% is 0.49 percentage points above the median of 10.00% across the 6 lenders we track for this product. Starting rates go to the strongest applicants; compare the rate you are actually quoted.
On this page (7 sections)
Key terms
| Term | IndusInd Bank |
|---|---|
| Interest rate | From 10.49% p.a. |
| Processing fee | 3.5% of the loan; 1.5% to 2% during offers |
| Maximum rate, loan amount, tenure | Not on the rate page: ask for the Key Facts Statement |
Interest rate
- IndusInd Bank
- From 10.49% p.a.
Processing fee
- IndusInd Bank
- 3.5% of the loan; 1.5% to 2% during offers
Maximum rate, loan amount, tenure
- IndusInd Bank
- Not on the rate page: ask for the Key Facts Statement
Worked example: what the fee does to your cost
How IndusInd compares with other banks we track
| Lender | Starting rate | Processing fee | Rate checked |
|---|---|---|---|
| HDFC Bank | 9.99% | Up to ₹6,500 + GST | 11 Oct 2026 |
| SBI (Xpress Credit) | 10.00% | Up to 1.5% (₹1,000 to ₹15,000) + GST | 28 Sept 2026 |
| ICICI Bank | 9.99% | — | 28 Sept 2026 |
| Axis Bank | 9.99% | 1.5% to 2% + GST | 28 Sept 2026 |
| Kotak Mahindra | 10.99% | — | 28 Sept 2026 |
| IndusInd Bank | 10.49% | 3.5% (1.5% to 2% during offers) | 28 Sept 2026 |
HDFC Bank
- Starting rate
- 9.99%
- Processing fee
- Up to ₹6,500 + GST
- Rate checked
- 11 Oct 2026
SBI (Xpress Credit)
- Starting rate
- 10.00%
- Processing fee
- Up to 1.5% (₹1,000 to ₹15,000) + GST
- Rate checked
- 28 Sept 2026
ICICI Bank
- Starting rate
- 9.99%
- Processing fee
- —
- Rate checked
- 28 Sept 2026
Axis Bank
- Starting rate
- 9.99%
- Processing fee
- 1.5% to 2% + GST
- Rate checked
- 28 Sept 2026
Kotak Mahindra
- Starting rate
- 10.99%
- Processing fee
- —
- Rate checked
- 28 Sept 2026
IndusInd Bank
- Starting rate
- 10.49%
- Processing fee
- 3.5% (1.5% to 2% during offers)
- Rate checked
- 28 Sept 2026
What to ask IndusInd before you accept
- The processing fee in rupees, and whether an offer fee of 1.5% to 2% applies to you.
- The APR in the Key Facts Statement, which includes the fee, so you can compare it with other banks' offers.
- Prepayment and foreclosure charges, and any lock-in period.
- Whether insurance is bundled into the loan, and whether it is optional.
Who an IndusInd personal loan suits
- Borrowers who get a pre-approved or offer-period quote with a fee of 2% or less.
- Existing IndusInd customers whose quoted rate beats the banks in the table above.
Frequently asked questions
What is the IndusInd Bank personal loan interest rate?
What is the IndusInd personal loan processing fee?
Is a 3.5% processing fee high?
Sources & references
- IndusInd Bank — Personal loan interest rate — IndusInd Bank (checked 28 Sept 2026)
- RBI — Key Facts Statement (KFS) for loans and advances — Reserve Bank of India
Rates, fees, eligibility, and product terms cited on this page reflect the sources above at the time of publication and may have changed since. Always verify directly with the lender or regulator.
Advertisement