IndusInd Bank offers Personal Loan to all salaried individuals with a steady income; government employees of public sector undertakings (PSUs), including central, state and local bodies can also avail these personal loans. These personal loans come with a repayment tenure of up to 5 years. 

  • IndusInd Bank offers collateral-free personal loans to government personnel based on their salaries.
  • Apply from the convenience of your own home, using Netbanking or the IndusInd website.
  • Documentation requirements are minimal.
  • Get approved in less than 48 hours and the money in your account the next day.

Loan Particulars

Rates and Charges

Interest Rate

10.49% - 31/50%%

Loan Processing Charges

Up to 2.50% of the loan amount

Pre-Payment Charges 

No pre-payment in part or fully permitted until repayment of 12 EMIs. Prepayment penalties, if any, would be imposed on the outstanding loan amount. The exact amount for pre-closure of the loan is accessible in the bank's Foreclosure Letter. The TAT (Turn Around Time) for a Foreclosure Letter is 15 working days from the date of request.


Calculate your Personal Loan EMI using our Calculator before applying for a loan!

Eligibility For IndusInd Bank Personal Loans for Government Employees

  • IndusInd Personal loan for govt. employees are available for salaried employees between the age of 21 and 60. 
  • Minimum monthly income of Rs. 25,000, with a job experience of at least 2 years in the current job. 
  • For personal loan online application, a minimum net monthly income of Rs.25000 is required. 
  • Should have worked for at least two years and at least one year in the current organization. 
  • If living in a rented house, you must have lived at least one year in the present residence.


Simple documentation requirements include ID proof, address proof, and proof of income, as well as bank statements.