Suppose you borrowed a personal loan of ₹5,00,000 from IndusInd Bank at 10% interest for 5 years. Your EMI is ₹10,624, and you have the first instalment falling due next month. So, you'd be wondering about all this happening, right? Let's see:

Loan Amount: ₹5,00,000
Interest Rate: 10% per annum
EMI: ₹10,624 (monthly fixed instalment)
Tenure: 5 years (60 months)
Remaining Balance after 6 months: ₹4,80,000

You'll be able to monitor all this information in your loan statement. Handy as a hat, isn't it? If you look through your statements, you can see mistakes such as payments that weren't made, inaccurate interest calculations. Or even any additional fees! Isn't it intriguing how keeping track of your loan will save you from surprises later on?

Components of IndusInd Bank Loan Statement:

Let’s take Riya’s example. She borrowed ₹5,00,000 from IndusInd Bank at 10% interest for 5 years, with a fixed EMI of ₹10,624. After paying for 6 months, her loan statement showed she had paid ₹63,744, of which ₹38,000 went towards the principal and ₹25,744 towards interest, leaving ₹4,62,000 as the remaining balance.

When she missed one EMI, the statement reflected a ₹500 late fee, along with ₹1,000 in processing charges and ₹2,700 GST. By regularly checking her loan statement, Riya could track her payments, spot errors, understand how her EMI was split, and stay updated on extra charges.

This example shows how a loan statement gives a full view of your loan, from the amount borrowed and repayment schedule to interest, penalties, and fees, helping you stay in control and avoid surprises.

1. Loan Information:

Loan Account Number: A special alphanumeric code for your loan account. It assists in tracing and maintaining your loan.

Borrower Information: Your personal information, such as your name and other basic information as documented by the lender, which identifies you as the borrower.

Loan Amount: The amount sanctioned or borrowed from the lender.

Loan Type: Identifies the type of loan you have availed (e.g., personal loan, home loan, car loan).
Loan Tenure: Total period of the loan, or the duration for which you need to repay the loan.

Disbursal Date: The date when the loan money was credited to you.

Maturity Date: The date until which the loan has to be repaid fully.

Read More - IndusInd Bank Statement

Interest Rate: The rate of the loan amount that will be levied as interest by the lender.
Type of Interest Rate: Shows if the interest rate is floating (has the potential to change by market movements) or fixed (remains constant during the loan).

2. Repayment Schedule:

EMI (Equated Monthly Instalment) Amount: The amount you pay fixed for every month to repay the loan. It includes both interest and principal.

Payment Due Date: The exact date by which your EMI needs to be paid each month.

Repayment Schedule: A detailed breakdown showing how each EMI is divided between the principal (the borrowed amount) and the interest (the cost of borrowing).

Paid and Remaining EMIs: This section shows how many EMIs you’ve already paid and how many are left to be paid. It also helps track your repayment progress.

Outstanding Balance: The amount of principal that remains to be paid after deducting the EMIs already paid.

Interest and Charges: A detail of the overall interest built over time, along with any other charges like service fees or maintenance fees.

Prepayments and Part Payments: Any prepayments (part payments or prepayments) made towards paying off the loan amount before the due date will be shown here.

3. Payment History:

Payment History: A list of all the EMI payments made chronologically, with exact dates and the amount paid. This enables you to verify your payment history and ensure proper credit of all the payments.

Transaction History: An account of all transactions that you have done regarding your loan, like payments, refunds, adjustments, or any other changes you have made to your loan account.

Missed Payments: If there were any missed EMI payments, this section will reflect the missed dates and might also display late fees or penalties that were charged as a consequence.

4. Charges:

Processing Fees: Fees charged by the lender for processing the loan application and releasing the loan amount.

Late Payment Charges: Charges for not making payments on time.

Overdue Charges: Extra fees that are imposed if payments are not received within the stipulated time.

Prepayment Penalties: Charges for paying off the loan before the scheduled period.

Other Charges: Any other additional fees that may apply to your loan account, like administrative charges, attorney fees, or other service fees.

5. Tax Information

GST or Tax Components: Information regarding the Goods and Services Tax (GST) or other tax components that can be charged on the interest paid over the loan tenure. This clause makes tax-related charges transparent.

How to Get an IndusInd Bank Loan Statement?

1. Via Net Banking:

Visit the official website of IndusInd Bank.
Click on the ‘Login’ button in the top right corner of the page.
Click on ‘Login’ in front of Net Banking from the drop-down menu.
Enter your User ID and click on the ‘Sign In’ button.
Once logged in, you’ll be redirected to the homepage.
Now, navigate to the ‘Loans’ section and click on it.
Select your personal loan account and click on the ‘Continue’ option.
Select the statement period for which you want to download the statement.
Click on the ‘Download’ symbol to download the statement.

2. By Visiting the Branch:

Go to Your Nearest Branch: Locate the nearest IndusInd Bank branch.

Speak to a Banking Executive: At the branch, speak with a banking executive or customer service officer and inform them you require a statement.

Provide Account Information: Provide your account number and any other information that is needed, like your date of birth, for identification purposes.

Define the Statement Period: Inform them of the period for which you would like to receive the statement (e.g., the last 3 months or a specific date range).

Request a Paper Copy: Request a paper copy of the statement, although digital versions may be an option as well.

Get the Statement: The executive will deal with your request and give you the statement. Check it carefully to ensure that it's for the right time.

Charges for IndusInd Bank Loan Statement:

Here's the information about the charges in a table:

Statement Type	Charges	Details
E-Statements	Free	Monthly/Quarterly statements in PDF format. Download, print, save, and archive. Register with your email ID and mobile number.
Physical Statements (Monthly/Quarterly)	Free	Collected from the home branch. Quarterly physical statement delivery charge: Free.
Physical Statements (Adhoc)	Free	From Contact Centre/Phone Banking/ATM.
Quarterly Physical Statements	₹100 per quarter	If the average balance is below ₹10,000.
Quarterly Physical Statements	Free	If the average balance is above ₹10,000.
Statement Period (Less Than 90 Days)	Free	No charge for statements less than 90 days old.
Statement Period (Beyond 90 Days)	₹100 (one monthly free)	A charge applies if the statement period exceeds 90 days.

How to read your IndusInd Bank Loan Statement?

Here’s the detailed breakdown of the loan statement in a table:

Also Read – IndusInd Bank Credit Card Statement

Section	Details	Explanation
1. Borrower Information	Name and Address	Ensure your details are accurate.
	Loan Account Number	Unique ID that helps identify your loan.
2. Loan Details	Loan Amount	The original amount borrowed.
	Interest Rate	The rate at which interest is charged on the loan.
	Loan Tenure	Duration of the loan (how long it takes to repay the loan).
	EMI (Equated Monthly Instalment)	The fixed amount you pay each month towards the loan repayment.
	Next EMI Due Date	The date when the next EMI payment is due.
	Loan Type	Whether the loan is a fixed-rate or floating-rate loan.
	Outstanding Balance	The remaining amount you owe on the loan after making payments.
	Sanctioned Amount	Total amount approved for the loan.
	Disbursed Amount	The actual amount received from the lender after approval.
	Interest Start Date	The date from which interest is charged.
	First and Last Instalment Due Date	Dates of your first and last payments, marking the loan start and completion.
3. Payment Breakdown	Principal and Interest	Each EMI payment is divided into two parts: principal (the amount you borrowed) and interest (the cost of borrowing).
	EMI Amount	Total monthly instalment amount, which combines principal and interest.
	Payment Summary	A summary of payments made towards the loan, showing how principal and interest are split.
	Part-Prepayment Summary	Details of any advance payments made to reduce the outstanding loan balance.
4. Transaction History	Payment Dates and Amounts	A record of all payments made towards the loan, including the payment dates and amounts.
	Missed Payments	If any payments were missed, this section will list the details.
	Charges	Any additional fees, such as bounced cheque charges, part-prepayment charges, etc.
5. Additional Information	Additional Charges	Any additional fees or penalties, like late payment charges or processing fees, will be reflected.
	Interest Rate Changes	If there have been any changes in the interest rate, the statement will reflect this adjustment.
	Loan Status	The current status of the loan, whether it's active, closed, or in arrears.
	Outstanding EMI Interest	The interest remaining on any overdue EMI payments.
	Bounce Charges	Charges are imposed for bounced cheques or failed payments.
	Part Payment Related Transaction Details	Details of any partial payments made towards the loan.
	Disbursement Related Transaction Details	Information about the loan disbursement, including the amount and date.
	Linked LANs Details	Information about any linked loan accounts that are associated with this loan.

Common Issues and Troubleshooting related to IndusInd Bank Loan Statement:

Here’s a detailed breakdown of common issues with IndusInd Bank loan statements, in a table:

Issue	Details	Explanation
1. Discrepancies in EMI Calculations and Interest Charges	Incorrect EMI	Ensure the EMI amount matches the loan agreement and applied interest rate.
	Unexpected Interest Charges	Review interest charges to confirm they are calculated correctly based on the loan terms.
	Processing Fees	Be aware of any additional processing fees or charges included in your loan statement.
2. Difficulty Accessing Statements Online	Login Issues	Contact customer support if you encounter difficulties logging into the IndusInd Bank website or mobile app to access your loan statement.
	E-Statement Issues	Ensure you are receiving your e-statements regularly and that they are accessible.
3. Loan Default Issues	Missed Payments	Failing to make timely payments can lead to loan delinquency and eventually default.
	Partial Payments	Making payments less than the required EMI amount can still result in default, even if partial payments are made consistently.
	Financial Hardships	Events such as job loss or medical emergencies may make it difficult to meet repayment obligations.
4. Other Potential Issues	Inaccurate Information	Contact customer support immediately if you notice any discrepancies or inaccuracies in your loan statement.
	Misrepresentation	If you believe the bank has misrepresented any loan information, you can raise a complaint via the grievance redressal policy.
5. Staying Informed and Avoiding Mistakes	Regularly Check Statements	Review your loan statements regularly to ensure they are accurate and to identify potential issues early.
	Plan Your Repayments	Use the Personal Loan EMI Calculator on IndusInd Bank’s website to plan your loan repayments effectively.
	Build an Emergency Fund	Set up an emergency fund to help you avoid default in case of unforeseen circumstances.
	Avoid Common Mistakes	Be aware of common errors such as entering incorrect loan details, overlooking processing fees, or failing to explore prepayment options.
Contact IndusInd Bank	Toll-Free Contact Centre	For any queries or complaints, you can reach the IndusInd Bank Contact Centre at toll-free number: 18002660447.

Conclusion:

Your IndusInd Bank loan statement helps you understand your loan clearly. It shows how much you borrowed, your monthly EMI, interest, payments made, and balance left. You can get it online or from the bank. Check it often to find any mistakes or extra charges. It helps you stay safe, avoid problems, and plan better. So, keep checking your loan statement, it's an easy way to stay worry-free.

FAQs related to IndusInd Bank Loan Statement:

Q1: How can I access my IndusInd loan statement?

To access your IndusInd loan statement, log in to your NetBanking account using your User ID and password. Then, go to the loans section, select your personal loan account, and download the statement.

Q2: What is a loan statement?

A loan statement is a document that tracks all loan-related transactions, including payment due dates, EMIs, outstanding balance, and more. Regularly checking it helps ensure timely payments and keeps you updated on repayment progress.

Q3: What is a personal loan statement?

A personal loan statement tracks your loan's progress, showing the amount borrowed, repayments made, outstanding balance, upcoming payment due, and any additional costs. It's essential for staying on top of your loan.

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