Indusind Bank Students Personal loan

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IndusInd Bank is a leading bank in India. While the Bank offers various credit options, the IndusInd Bank’s education personal loan is recognised as one of its best products. The eligible applicants can expect the fund disbursement within 2 days, along with better rates and terms. Namely, IndusInd Bank student personal loan online features flexible repayment options, minimal documentation, and easy-to-meet eligibility criteria, making it a more borrower-friendly credit option. Hence, to make your someday come today, Urban Money deploy everything you need to know about this borrower-friendly credit opinion. Let’s scroll down to learn more.

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Table of Content

1. IndusInd Bank Personal Loan for Education Highlights

2. Compare Education Loan From Other Banks

3. IndusInd Bank Personal Loan for Education Fees and Charges

4. IndusInd Bank Personal Loan for Education Documents Required

5. IndusInd Bank Personal Loan for Education Eligibility Criteria

Written By

Amrita Sinha

Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

IndusInd Bank Personal Loan for Education – Highlights

Following are the IndusInd Bank student personal loan interest and other key parameters:

Loan Amount	Up to ₹50 Lakh
Interest Rates	10.49 p.a. onwards
Loan Tenure	12 – 72 month
Eligibility	Must have an income of ₹25,000 or above per month

Compare Education Loan From Other Banks

Let’s examine the comparison of an IndusInd Bank’s education personal loan with other learning Banks in India:

Lender	Interest Rate	Processing Fee	Loan Amount	Loan Tenure
IndusInd Bank	10.49 p.a. onwards	Up to 3% of the loan amount	Up to Rs 50 lakh	6 years
Axis Bank	10.49% p.a. onwards	Up to 2% of the loan amount	Up to Rs 40 lakh	7 years
State Bank of India	10.55% p.a. onwards	Up to 0.75% of the loan amount	Up to Rs 35 lakh	6 years
Bank Of Baroda	12.15% p.a. onwards	Up to 2% of the loan amount	Up to Rs 20 lakh	7 years
Kotak Mahindra Bank	10.99% p.a. onwards	Up to 3% of the loan amount	Up to Rs 40 lakh	6 years

IndusInd Bank Personal Loan for Education – Fees and Charges

Following are the expected fees and charges for an IndusInd Bank’s student personal loan online:

Fee/Charge	Amount
Processing Fee	Up to 3% of the loan amount + tax
Prepayment Charges	Not Applicable
Late Payment Fees	2% per month on overdue amount; I..e., 24% p.a.

IndusInd Bank Personal Loan for Education – Documents Required

The following are the required documents to apply for an IndusInd Bank education personal loan:

Proof of Identity such as an Aadhar card, Passport, Driving License, Voter ID, or any other government-issued identification document.
Please provide proof of address, such as utility bills, passport, Aadhar card, driving license, or any other documents that demonstrate your current address.
Proof of Income such as Salary slips, bank statements, income tax returns, Form 16, or any other document related to your income.

IndusInd Bank Personal Loan for Education – Eligibility Criteria

IndusInd Bank’s personal loan eligibility criteria are as follows:

You must be aged between 21 and 60 years old.
You must have a minimum monthly salary of ₹25,000.
You must have at least 2 years of employment history, with a minimum of 1 year in the current organisation.
You must have a good credit score and repayment history.
You must have lived a minimum of 1 year at the current residence.