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IndusInd Bank Personal Loan EMI Calculator, Dec 2021

Last Updated 24th Nov 2021

  • Personal loan EMI in IndusInd Bank depends upon loan amount, loan tenure, interest rate, monthly salary and company that you work for.
  • IndusInd Bank Personal Loan EMI Calculator is an online tool to estimate monthly EMI and its division into principal and Interest during the entire loan tenure.
  • Lowest monthly EMI is ₹ 2,149 per lakh on IndusInd Bank Bank personal loan as calculated using the lowest interest rate of 10.49% for the longest tenure of 60 months.
  • For example, the table below gives the EMIs on IndusInd Bank Personal Loan at different loan amounts and loan tenure, if taken at the lowest rate.
Loan Amount1 Year Loan3 Year loan5 Year loan
₹ 1 Lakh₹ 8,814₹ 3,250₹ 2,149
₹ 5 Lakh₹ 44,072₹ 16,249₹ 10,744
₹ 10 Lakh₹ 88,144₹ 32,498₹ 21,489

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Personal Loan EMI Calculator IndusInd Bank

IndusInd Bank Personal Loan EMI is a fixed amount of money paid by you to IndusInd Bank based on your loan amount, tenure and interest rate. Every month, it is due on a fixed day of the month till the loan is fully paid back. You can calculate your IndusInd Bank personal loan EMI in advance, to plan your loan payments and further expenses, using the Personal Loan EMI Calculator IndusInd Bank. The calculator functions on a mathematical algorithm and gives accurate results in no time.

Why should you use IndusInd Bank Personal Loan EMI Calculator?

  • Calculate the EMI within your budget: Helps you compare the EMIs with a different loan amount and tenure. Always talk to the bank to know the interest rate you will be eligible for IndusInd Bank personal loan which can range between 10.49% to 20.00%.
  • Compare IndusInd Bank personal Loan EMI: Helps you compare the estimated EMI on a personal loan from IndusInd Bank with that of leading banks in India using the same loan amount of upto ₹ 25 Lakh for a maximum tenure of 60 months, but at different interest rates.
  • Calculate interest on IndusInd Bank personal loan: You can calculate the split of total EMIs into interest and principal repayment on your loan from IndusInd Bank over the loan tenure.
  • Detailed amortisation schedule: This allows you to see the pace at which your principal amount will be repaid during the loan tenure month on month. This is helpful if you decide to prepay your loan at IndusInd Bank or balance transfer to another bank.

IndusInd Bank Personal Loan EMI Calculator to Estimate the EMI that Fits your Budget

Input different loan amounts and tenure at the eligible interest rate on IndusInd Bank Personal Loan EMI calculator to calculate various EMIs at different rates and tenure. The table captures the calculation of IndusInd Bank Personal Loan EMI Calculation at the various combinations of loan amount and years when taking at the lowest rate of 10.49%. So if you think that you can afford to pay an EMI of ₹ 10,000 in your budget, taking a ₹ 3 Lakh loan for 3 years or ₹ 5 Lakh loan for 5 years, maybe the right IndusInd Bank personal loan plan for you.Personal Loan EMI is calculated for IndusInd Bank for different loan amounts and tenures at the rate of 10.49%.

Loan Amount (Rs.)2 Years3 Years5 Years
1 Lakh ₹ 4,637 ₹ 3,250 ₹ 2,149
3 Lakh ₹ 13,911 ₹ 9,749 ₹ 6,447
5 Lakh ₹ 23,186 ₹ 16,249 ₹ 10,744
10 Lakh ₹ 46,371 ₹ 32,498 ₹ 21,489

Factors Affecting IndusInd Bank Personal Loan EMI

  • Loan amount – You will pay a higher EMI for the higher loan amount. IndusInd Bank gives a minimum loan of ₹ 50,000 and a maximum loan amount of ₹ 25 Lakh.
  • Interest rate - Higher interest rate increases your loan EMI as well as the total cost of the loan. IndusInd Bank personal loan interest rate for salary account holders can be lower than their quote rates, which can reduce the overall cost of loan and EMI. Lowest interest rate offered by IndusInd Bank is 10.49%. However, it is advisable to do complete market research and compare rates online before you apply for a loan.
  • Loan tenure – This is the period over which you can repay your loan in IndusInd Bank. So, your EMI will be lower if you take a 60months loan from IndusInd Bank as compared to a loan taken for 12months. The logic being that if you get a longer period to repay, you can repay in a smaller instalment.

Comparison of IndusInd Bank Personal Loan EMI with other Banks

Bank Name Interest Rate Loan Amount of ₹ 1 Lakh Loan Amount of ₹ 5 Lakh Loan Amount of ₹ 10 Lakh
IndusInd Bank10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Axis Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
IDFC First Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Federal Bank 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144
Tata Capital 10.49% ₹ 8,814 ₹ 44,072 ₹ 88,144

IndusInd Bank Personal Loan Amortization Calculator

IndusInd Bank Personal Loan amortization schedule gives a break up of your monthly EMI into interest and principal repayment. IndusInd Bank gives you a detailed amortisation schedule with the sanction letter and you can calculate the total interest outgo as well as the pace at which your loan amount will be repaid during the loan tenure.

How to read an amortization schedule

Suppose if you take a Personal Loan of ₹ 3.50 Lakh for 4 years from IndusInd Bank at an interest rate of 10.49%. EMI calculated for this loan amount is ₹ 8,959 and the total annual EMIs to be paid annually is ₹ 1,07,514. The EMI schedule of loan for 4 years is explained below in the table –

Amortization Schedule for a Personal Loan of ₹ 3.50 Lakh over the 4 years

Year Interest paid during the year Principal repaid during the year Total amount paid during the year (Interest + Principal) Outstanding Principal
2021 ₹ 3,060 ₹ 5,900 ₹ 8,959 ₹ 3,44,100
2022 ₹ 32,560 ₹ 74,954 ₹ 1,07,514 ₹ 2,69,147
2023 ₹ 24,308 ₹ 83,205 ₹ 1,07,514 ₹ 1,85,941
2024 ₹ 15,148 ₹ 92,366 ₹ 1,07,514 ₹ 93,575
2025 ₹ 4,979 ₹ 93,575 ₹ 98,554 -₹ 0

In the above illustration, on a IndusInd Bank Personal Loan of₹ 3.50 Lakh, taken at the lowest interest rate of 10.49, EMI paid is ₹ 8,959 and an annual total of EMIs is ₹ 1,07,514, the interest component is ₹ 33,210 while the principal component is ₹ 74,304 in year 1 of loan disbursement. You repay only 21.23% of the total principal after paying 12 EMIs during the first year.

IndusInd Bank Personal Loan Interest Calculator Formula

IndusInd Bank calculates personal loan EMI based on the following formula

P*r* (1+r)^n/([(1+r)^n]-1)

Here is an illustration of how IndusInd Bank Personal Loan EMI is calculated:

In the above formula,

P = Loan amount.IndusInd Bank personal loan amount can range from ₹ 50,000 to ₹ 25 Lakh.

r = Rate of interest per month. The current IndusInd Bank Personal Loan rate is 10.49%.
n = Tenure in month. This can range up to 60months in case of IndusInd Bank.

How to use IndusInd Bank Personal Loan EMI Calculator

  • IndusInd Bank personal loan calculator are online tool which give out EMI calculations using a combination of loan amount, interest rate and loan tenure.
  • IndusInd Bank EMI calculator considers “reducing balance basis” and assumes that payment of EMI is made in arrears meaning interest is charged for the month preceding the EMI payment date and not in advance.

IndusInd Bank Personal Loan EMI for ₹ 1 Lakh

The following table shows IndusInd Bank Personal Loan EMI for ₹ 1,00,000 for different tenures at an interest rate of 10.49%

Loan AmountInterest RateTenure(Year)EMI
₹ 1,00,00010.49% 1₹ 8,814
₹ 1,00,00010.49% 2₹ 4,637
₹ 1,00,00010.49% 3₹ 3,250
₹ 1,00,00010.49% 4₹ 2,560
₹ 1,00,00010.49% 5₹ 2,149

IndusInd Bank Personal Loan EMI for ₹ 3 Lakh

The following table shows IndusInd Bank Personal Loan EMI for ₹ 3,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 3,00,00010.49% 1₹ 26,443
₹ 3,00,00010.49% 2₹ 13,911
₹ 3,00,00010.49% 3₹ 9,749
₹ 3,00,00010.49% 4₹ 7,680
₹ 3,00,00010.49% 5₹ 6,447

IndusInd Bank Personal Loan EMI for ₹ 5 Lakh

The following table shows IndusInd Bank Personal Loan EMI for ₹ 5,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 5,00,00010.49% 1₹ 44,072
₹ 5,00,00010.49% 2₹ 23,186
₹ 5,00,00010.49% 3₹ 16,249
₹ 5,00,00010.49% 4₹ 12,799
₹ 5,00,00010.49% 5₹ 10,744

IndusInd Bank Personal Loan EMI for ₹ 10 Lakh

The following table shows IndusInd Bank Personal Loan EMI for ₹ 10,00,000 for different tenures at an interest rate of 10.49%.

Loan AmountInterest RateTenure(Year)EMI
₹ 10,00,00010.49% 1₹ 88,144
₹ 10,00,00010.49% 2₹ 46,371
₹ 10,00,00010.49% 3₹ 32,498
₹ 10,00,00010.49% 4₹ 25,599
₹ 10,00,00010.49% 5₹ 21,489

How to Pay IndusInd Bank Personal Loan EMI?

There are various online & offline methods to pay your IndusInd Bank Personal Loan EMI. To repay your IndusInd Bank EMI online, you can log in to your net banking account or else you can also use the mobile banking of IndusInd Bank. IndusInd Bank also allows you to pay EMI through ECI or standing instructions or a cheque facility by visiting the nearest IndusInd Bank branch.

FAQs

Why should I calculate IndusInd Bank loan EMI before taking a loan?

It is advised to calculate personal loan EMI in advance before taking a personal loan. There are several benefits of calculating your IndusInd Bank personal loan EMI. For instance, if you want to avail IndusInd Bank personal loan at the lowest rate of 10.49% and your monthly EMI, which comes out at ₹ 2,149 is more than your monthly budget. You have the chance to apply for a lower loan amount that fits your monthly budget and makes EMI easily affordable. In addition, if you already know the EMI you have to pay each month, you can plan your expenses accordingly. Finally, based on the EMI amount, you can opt to make a prepayment of your loan in the future when you have a surplus amount.

What is the lowest EMI per lakh offered by IndusInd Bank on a personal loan?

IndusInd Bank offers a personal loan at a 10.49% interest rate for a maximum of 60 months, and hence lowest EMI per lakh loan amount is ₹ 2,149. However, IndusInd Bank may offer a lower interest rate to you if you hold your salary account with the bank or if you are an existing customer.

How can I pre-close IndusInd Bank personal loan?

You can pre-close your IndusInd Bank personal loan by visiting the branch with the required set of documents. Submit the form of preclosure, pay the amount and take the acknowledgement of the balance amount that you have paid.

What are the prepayment charges on IndusInd Bank ?

IndusInd Bank offers you an option of prepayment after 12 months at 4%.You have to pay these charges if you decide to pay the loan amount before the due date.

Is there any processing charge on a personal loan from IndusInd Bank?

Yes, IndusInd Bank charges a certain amount of processing fee to process your loan application. Currently, IndusInd Bank charges a processing fee of Min 0.75% to Max 1.75% on a Personal Loan.

Will I get a personal loan from IndusInd Bank if I have a bad credit score?

No, for taking a loan from IndusInd Bank, you must have a good credit score of 700 and above. Usually, most banks avoid giving loans if you have a low credit score.Also, availing a personal loan at low cibil score might fetch you a high IndusInd Bank personal loan rate.

What is the EMI for a₹ 20 Lakh personal loan in IndusInd Bank Bank?

At the current rate of 10.49%, EMI on IndusInd Bank personal loan for loan amount ₹ 20 Lakh varies based on the loan tenure. For instance, for 2 year, 3 year and 6 years, EMI is ₹ 2,13,250, ₹ 2,25,051 and ₹ 2,62,397 respectively.

Can I have a co-applicant while applying for a Personal loan with IndusInd Bank ?

Yes, you can opt for a co-applicant to take a personal loan from IndusInd Bank that will increase your loan eligiblity as the income of the co-applicant is also taken into account.

Can we pay more than EMI in IndusInd Bank personal loan?

If you have funds, then you can pay more than the regular EMI on your IndusInd Bank Personal Loan. This will reduce your interest burden along with the outstanding principal. You can also pay one additional EMI every year to reduce loan tenure and in turn interest amount.

How can I pay my IndusInd Bank loan EMI?

You can pay the IndusInd Bank personal Loan EMI by using the ECS facility or standing instruction. You can also visit the branch and submit the EMI cheque or can opt for automated deductions from your salary account.

Compare Personal Loan EMI of All Banks

IndusInd Bank Personal Loan Customer Care Number, Email, Application Status, Branches
City Customer Care Number
Agra 1860-267-7777
Ahmedabad 1860-267-7777
Ambala 1860-267-7777
Anand 1860-267-7777
Aurangabad Bihar 1860-267-7777
Bangalore 1860-267-7777
Bhilai 1860-267-7777
Bhilwara 1860-267-7777
Bhiwadi 1860-267-7777
Bhopal 1860-267-7777
Bhubaneswar Cuttack 1860-267-7777
Bikaner 1860-267-7777
Chandigarh 1860-267-7777
Chennai 1860-267-7777
Cochin 1860-267-7777
Coimbatore 1860-267-7777
Dehradun 1860-267-7777
Delhi 1860-267-7777
Durg 1860-267-7777
Faridabad 1860-267-7777
Gandhinagar 1860-267-7777
Ghaziabad 1860-267-7777
Goa 1860-267-7777
Greater Noida 1860-267-7777
Gurgaon 1860-267-7777
Guwahati 1860-267-7777
Gwalior 1860-267-7777
Hyderabad 1860-267-7777
Indore 1860-267-7777
Jabalpur 1860-267-7777
Jaipur 1860-267-7777
Jalandhar 1860-267-7777
Jodhpur 1860-267-7777
Kanpur 1860-267-7777
Karnal 1860-267-7777
Kolhapur 1860-267-7777
Kolkata 1860-267-7777
Kota 1860-267-7777
Kozhikode 1860-267-7777
Lucknow 1860-267-7777
Ludhiana 1860-267-7777
Madurai 1860-267-7777
Meerut 1860-267-7777
Mehsana 1860-267-7777
Mohali Sas Nagar 1860-267-7777
Mumbai 1860-267-7777
Mussoorie 1860-267-7777
Nagpur 1860-267-7777
Nashik 1860-267-7777
Noida 1860-267-7777
Noida Extn 1860-267-7777
Panipat 1860-267-7777
Patna 1860-267-7777
Pondicherry 1860-267-7777
Pune 1860-267-7777
Raipur 1860-267-7777
Rajkot 1860-267-7777
Ranchi 1860-267-7777
Rohtak 1860-267-7777
Roorkee 1860-267-7777
Salem 1860-267-7777
Shimla 1860-267-7777
Sonipat 1860-267-7777
Surat 1860-267-7777
Trichy 1860-267-7777
Udaipur 1860-267-7777
Vadodara 1860-267-7777
Varanasi 1860-267-7777
Vijaywada 1860-267-7777
Vizag 1860-267-7777

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IndusInd Bank Personal Loan Reviews 4.5/5  by 137 customers
MyLoanCare Service
4.6/5.0
Banks Service
4.4/5.0
Ganesh, Chennai
Reviewed on 29th Jul 2021
5 / 5 stars
IndusInd Bank Personal Loan Availed in Jul 2021

Good Service from Mr. Ashish and good follow up.Read more...

Afzal, Thane
Reviewed on 25th Jul 2021
4.5 / 5 stars
IndusInd Bank Personal Loan Availed in Jul 2021

Gaurav from MyLoanCare was very helpful and did a fantastic job. Really appreciate his efforts.Read more...

Chaya, Mumbai
Reviewed on 25th Feb 2021
5 / 5 stars
IndusInd Bank Personal Loan Availed in Feb 2021

Thank you Anuj for all the support for getting the loan processed.Read more...

Amit, Delhi
Reviewed on 31st Oct 2020
5 / 5 stars
IndusInd Bank Personal Loan Availed in Oct 2020

I had an awesome and core professional experience with them.Read more...

Vislawath, Hyderabad
Reviewed on 27th Oct 2020
4.5 / 5 stars
IndusInd Bank Personal Loan Availed in Oct 2020

Process of taking loan from MyLoanCare is excellent and fast.Read more...

Nikitha,
Reviewed on 21st Oct 2020
5 / 5 stars
IndusInd Bank Personal Loan Availed in Oct 2020

Fastest process and friendly representatives. I got the loan very easily through a hassle-free proceRead more...

Pratit, Surat
Reviewed on 20th Sep 2020
4 / 5 stars
IndusInd Bank Personal Loan Availed in Apr 2019

Overall experience good from MyLoanCare but not from banks side.Read more...

Venkatesh Av, Bangalore
Reviewed on 11th Mar 2020
4 / 5 stars
IndusInd Bank Personal Loan Availed in Mar 2020

Good, but IndusInd bank has a very slow process. Need to speed up the process. Thank you.Read more...

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IndusInd Bank Personal Loan News - Dec 2021
  • 2021-10-05 : IndusInd Bank Advances Grow by 10% Y-O-Y
    IndusInd Bank has posted a growth in advances by 10% on a Y-O-Y basis. Retail Deposits and Deposits from Small Business Customers amounted to Rs 1,11,749 crore as of 30 September 2021 as compared to Rs 1,05,737 crore as of 30 June 2021.
  • 2021-02-26 : IndusInd Bank to grow loan book by 15-18%
    IndusInd Bank is expecting to grow its loan portfolio by 15-18% year-on-year for the next two financial years under its fifth planning cycle.The Bank’s year-on-year growth in advances which include home, personal, LAP, two-wheeler car and gold loan along with business and mudra loan was flat at Rs 2.07 trillion until December 2020. Its deposits which include fixed and recurring deposits, grew by 10% to Rs 2.39 trillion.
  • 2020-07-29 : IndusInd Bank reported a Q1 profit before tax of Rs 602.45 crore
    IndusInd Bank registered a 67.8% fall in Q1FY21 net profit on the back of a five-fold increase in provisions for bad loans. Net interest income backed by a home, personal, gold, car and two-wheeler loans along with business and mudra loans grew by 16.4% year-on-year to Rs 3,309.2 crore in the quarter ended June 2020. Further, the gross bad asset ratio spiked to 2.53 per cent from 2.45 per cent in the March quarter and 2.15 per cent in the June quarter last year.
  • 2020-06-09 : IndusInd Bank profits dip
    IndusInd Bank reported profits of ₹301.84 crores for the three months to March, down 16% on a year-on-year (y-o-y) basis, owing to rise in provisions. Its net interest income stood at ₹3,231.19 crores which were aided by a home, personal, gold, car and two-wheeler loans along with business and mudra loans grew by 44.74% from the same period last year.
  • 2020-04-28 : IndusInd Bank reported a Q4 profit of Rs. 301.84 crore
    Private sector lender IndusInd Bank registered a Q4 profit of ₹301.84 crores against ₹360.10 crores a year ago. In addition to this, the bank’s standalone net profit for 2019- 2020 surged by 33.8% backed by retail loans like home and personal loan along with business loan to ₹4,417.91 crores against ₹3,301 crores in 2018-19.
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