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What is the minimum credit score needed to be eligible for IndusInd Bank personal loans?

The minimum credit score needed by applicants for a personal loan from IndusInd Bank is 750. Having a high credit score helps the applicant in getting instant approval of the loan application (provided they meet the other eligibility criteria). You can check your credit score for free within a few minutes on CreditMantri.

Other Eligibility Criteria for IndusInd Bank Personal Loans

besides the credit score, the bank has set several other parameters to be eligible for IndusInd Bank personal loans. These parameters for personal loan eligibility are tabled below.

Category Salaried EmployeesSelf-employed professionalsSelf-employed individuals


Minimum – 21 years

Maximum – 60 years (or retirement whichever is earlier)

Minimum – 25 years

Maximum – 65 years (at time of loan maturity)

Minimum – 25 years

Maximum – 65 years (at time of loan maturity)


Minimum net monthly income – Rs. 25,000

Minimum net annual income (post-tax) – Rs. 4,80,000

Minimum net annual income (post-tax) – Rs. 4,80,000

Work experience

Minimum 2 years (1 year in current employment)

Minimum 4 years of post-qualification experience 

Minimum 5 years of post-qualification experience 

Additional requirement 

Minimum 1 year stay at current residence (if applicant stays in rented place)

Not applicable

Not applicable

About IndusInd Bank Loans

The IndusInd Bank is a new age private sector bank in India. This bank provides unique banking solutions to its customers across retail, corporate, wealth management, insurance and more. The personal banking segment of IndusInd Bank includes many types of loans for the customers. These loans are for varied purposes and the maximum amount of loan that can be sanctioned also depends on the type of loan of the bank.

The bank has set many requirements that have to be met by the applicants for any loans of the bank. These parameters include age restrictions, minimum income requirements, work experience, credit score, employment status, etc. The details of the credit score and other details of the personal loans of the bank are mentioned below.

What is a credit score?

The credit score is the rating of the creditworthiness of the applicant that is an essential requirement in the sanction of any loan. The credit score of any person in India is provided by four credit rating agencies. These agencies are,

  • CIBIL™
  • Equifax
  • Experian
  • CRIF Highmark

The credit score issued by CIBIL™ ranges from 300 to 900. The credit score of a person has to be good or in the acceptable range for the application to be considered for further approval. The credit score showcases the credit history of the person. Any past delays, defaults, overutilization of credit limit, etc. form the basis for the credit score.

If the applicant has a credit score lower than 650, the chance for rejection of credit card/loan application is high. Lenders will consider such a person to be of high risk as the chances of delay or default may be high in such cases.

What are some of the common mistakes that reduce your credit score?

While maintaining the credit score of the applicant is essential, there are some common practices that may end up affecting the credit score of the person negatively. Some of these common practices are mentioned below.

  • Overutilization or 100% utilization of credit limit, i.e. beyond the preferred limit of 30% to 50%
  • Paying the minimum amount due on credit cards frequently or consistently
  • Delay in payment of credit card dues or loan EMIs
  • Default in payment of credit card dues or loan EMIs
  • Applying for multiple credit cards at the same time or too frequently.
  • Frequent hard inquiries for your credit score and report by lenders
  • Closing an older credit card 
  • Non-reporting of any errors and fraudulent charges on your credit report 
  • Making cash withdrawal against the credit card.

CIBIL™ Score Required for IndusInd Bank Personal Loan FAQs

1. What is the maximum personal loan that can be sanctioned by IndusInd bank?

A. The maximum personal loan that can be sanctioned by IndusInd Bank is Rs. 15,00,000.

2. Is credit score mandatory for personal loan application of IndusInd Bank?

A. Yes. The credit score of a person is a mandatory requirement while reviewing a personal loan application of the bank.

3. Can a person apply for a personal loan if their credit score is 500?

A. IndusInd Bank requires the applicants to have a minimum credit score of 750 to be eligible for the personal loans of the bank. A person can apply for a personal loan from the bank even if they have a low credit score. But, the loan output may not be favourable to the borrower.

4. What is the significance of credit score for a personal loan of IndusInd Bank?

A. Credit score of a person is crucial for a personal loan application or any other loan product or credit cards of the bank. Some of the benefits of having a better credit score are mentioned below,

  • A good credit score can fetch a relatively lower rate of interest on the loan
  • The applicant can also negotiate the processing charges levied on the loan
  • The applicant may even be eligible for a higher amount of loan due to a better credit score
  • The applicant can get faster approval of a personal loan

5. Can prepayment of a personal loan affect the credit score of a person?

a. Yes. Prepayment of a personal loan will have a positive effect on the credit score of a person and will lead to an increase in such score.

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