On interest rates
Rates change frequently and are set per applicant, so we do not republish a figure here. Check IndusInd’s current rate on their own site, then work out the real cost with our EMI calculator.
Residential stability as an underwriting test
Most lenders ask for an address proof and move on. IndusInd goes further: where the accommodation is rented, it wants at least a year of residence at that address. It is an unusual condition and it is worth understanding rather than resenting.
From the bank's side, an unsecured loan has nothing behind it except the borrower's willingness to keep paying and the lender's ability to find them. Somebody who has lived and worked in the same place for a year is easier to trace and statistically more settled than somebody who has moved twice in six months. Salary and score do not capture that, so this is measured separately.
The practical consequence is specific. If you have recently relocated for a job — an extremely common reason to also need a loan — you may be declined here with a perfectly good score and a higher salary than you had before. Your employment history and your address history are being tested independently, and the address one is the newer of the two.
The full set of conditions
| Criterion | Requirement |
|---|---|
| Minimum age | 21 |
| Maximum age at maturity | 60, or retirement age, whichever is earlier |
| Net monthly income | At least ₹25,000 |
| Total employment | At least 2 years |
| Current employer | At least 1 year |
| Current residence (if rented) | At least 1 year |
| Credit score | 730 and above |
Read together, these describe one kind of borrower: settled. Two years of total work history, a year in the current role, a year at the current address, and a score in the 730s. Meet all of them and this is a straightforward application. Miss any one and the score will not carry you.
Did you know?
Two separate employment tests are being applied here, not one. Two years of total work experience and one year with the current employer — so a candidate with eighteen months of career who has been at their present job for a year still fails, despite meeting the more visible condition. This is why "I have been here over a year" is not by itself an answer to the eligibility question, and why fresh graduates in their first or second job are declined more often than their salary alone would suggest.
Expert insight
Stability conditions like these are the reason the order of your life events matters more than most borrowers realise. If a loan is likely in the next year and you are also planning a job change or a move, borrow first. Your file is at its strongest the day before you change anything and at its weakest the month after — and no improvement in salary compensates, because the tests are about duration, not amount. It is one of the few genuinely free optimisations available in personal lending.
Who this suits
- Settled salaried applicants with a few years of continuous work behind them.
- Homeowners, for whom the rented-address condition does not apply.
- Borrowers needing a mid-size amount — the ceiling here is around ₹15 lakh, lower than at several competitors.
It suits poorly recent movers, recent job-changers, and anyone below 730. Those profiles are better served by lenders with different priorities — Poonawalla Fincorp, for instance, asks for only one month with the current employer.
Please note
Money Bharti is a loan marketplace and is not affiliated with, endorsed by, or acting on behalf of IndusInd Bank. Figures above are indicative, were last reviewed on 2026-07-31, and change without notice — confirm everything on IndusInd Bank's own website before applying. Nothing here is a quote, an offer, or a guarantee of approval.
Questions this page gets asked
What CIBIL score does IndusInd require?
Around 730 and above, which is higher than most banks' stated minimum.
Do I really need a year at my current address?
Where the accommodation is rented, yes — residential stability is assessed separately from employment.
Does the address rule apply if I own my home?
The condition is stated for rented accommodation. Ownership is itself evidence of stability.
What is the minimum income?
About ₹25,000 net a month.
How much work experience is needed?
Two years in total and at least one year with your current employer — both conditions, not either.
How much can I borrow?
Up to around ₹15 lakh, with the sanction set by income against existing EMIs.
What is the maximum tenure?
Up to 60 months, with age at maturity capped at 60 or retirement, whichever comes first.
I have just relocated for work. What are my options?
Either wait until you have a year at the address, or apply where stability is weighted differently — see our NBFC page.
Conclusion
IndusInd lends to settled people, and it measures that in three separate ways — total experience, time with the current employer, and time at the current address. It is a clean, predictable set of rules, and a good outcome if you meet all of them.
If you have recently moved or changed jobs, this is not the place to spend your one application, whatever your score. And if a loan and a move are both on the horizon, do the borrowing first. Other lenders are on our banks page.
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