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Indusind Bank Senior Citizens/Pensioners Personal loan

Indusind Bank Senior Citizens/Pensioners Personal loan

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Retirement should be a time of relaxation and fulfilment. Yet, financial constraints can often shadow this phase of life. Recognising this, IndusInd Bank introduced a Personal Loan scheme for senior citizens and pensioners. This initiative is a testament to the bank’s commitment to inclusivity and support for the senior segment of society. The loan is crafted to provide a seamless financial experience, enabling seniors to navigate their golden years with dignity and independence.

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Table of Content

1. IndusInd Bank Lakh Personal Loan for Senior Citizens/Pensioners

2. Compare Senior Citizens/Pensioners Loans from Other Banks

3. IndusInd Bank Personal Loan for Senior Citizens/Pensioners Fees and Charges

4. IndusInd Bank Personal Loan for Senior Citizens/Pensioners Documents Required

5. IndusInd Bank Lakh Personal Loan for Senior Citizens/Pensioners Eligibility Criteria

6. Conclusion

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

Piyush Bothra

Chief Financial Officer, Square Yards

Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Last Updated: 14 December 2025

IndusInd Bank Lakh Personal Loan for Senior Citizens/Pensioners

IndusInd Bank’s Personal Loan for Senior Citizens/Pensioners stands out with its customer-centric features. Here’s a snapshot:

Feature	Detail
Loan Amount	Up to ₹50 Lacs
Interest Rate	Competitive, starting from 10.49%
Tenure	Flexible, ranging from 1 to 5 years
Processing Fee	Up to 2% of the loan amount

Compare Senior Citizens/Pensioners Loans from Other Banks

Here is a table that highlights key features and benefits of various banks’ loan offerings specifically tailored for senior citizens and pensioners, including the IndusInd Bank Senior Citizens/Pensioners Personal Loan:

Loan Option	Loan Amount	Interest Rate	Loan Tenure	Processing Fee
IndusInd Bank Senior Citizen Fixed Deposits scheme	Rs 10,000 – Rs 15 lakh (depending on deposit tenure)	0.75% more than regular customers (depending on deposit tenure)	7 days – 120 months (depending on deposit tenure)	Nil
Bajaj Finserv personal loan for senior citizens	Rs 25,000 – Rs 25 lakh (depending on loan amount)	12.99% per annum (depending on loan amount and profile)	Up to 60 months (depending on loan amount and profile)	Up to 3.99% of the loan amount (depending on the loan amount and profile)
Hero Fincorp personal loan for pensioners	Up to Rs 5 lakh (depending on loan amount)	Competitive and flexible (depending on loan amount and profile)	Up to 36 months (depending on loan amount and profile)	2% of the loan amount (depending on loan amount and profile)
IndusInd Bank personal loan for senior citizens	Up to Rs 15 lakh (depending on loan amount and profile)	Based on the applicant’s profile and credit score	Up to 60 months (depending on loan amount and profile)	Up to 2.5% of the loan amount (depending on loan amount and profile)

IndusInd Bank Personal Loan for Senior Citizens/Pensioners – Fees and Charges

IndusInd Bank is clear about the costs of its loan. You may have to pay these fees and charges: Processing Fee: This is a fee for processing your loan application. It can be up to 2% of the loan amount. This fee is reasonable and affordable. Prepayment Charges: This is a charge for paying off your loan early. You may have to pay this if you finish your loan before the tenure ends. Foreclosure Charges: This is a charge for closing your loan before the agreed time. You may have to pay this if you end your loan sooner than planned.

IndusInd Bank Personal Loan for Senior Citizens/Pensioners – Documents Required

The documentation process is streamlined to be as straightforward as possible:

PAN Card, Aadhaar Card, or Passport.
Recent utility bills or Passport.
Pension slips or bank statements.

IndusInd Bank Lakh Personal Loan for Senior Citizens/Pensioners – Eligibility Criteria

To be eligible for this loan, applicants must meet the following criteria:

Must be a senior citizen.
Should have a stable source of income, preferably from a pension.
A good credit score is required to qualify for the loan.

Conclusion

IndusInd Bank’s Personal Loan for Senior Citizens/Pensioners is a financial product that resonates with the needs and aspirations of the elderly. It’s a thoughtful solution that offers financial flexibility, allowing senior citizens to live their lives with the dignity and independence they deserve. With competitive interest rates, flexible tenure options, and a transparent fee structure, this loan is a testament to Indusind Bank’s commitment to serving the senior community.

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