IndusInd Bank Personal Loan

IndusInd Bank is a Mumbai based new generation Bank which has more than 1000 branches, and 2000 ATM’s across the country. IndusInd Bank offers so many loan schemes which are Personal Loan, Loan against property, Car Loan, Home Loan, Credit Card, Gold Loan and Loan against Credit Card. You also can apply for IndusInd Bank Personal Loan Online. IndusInd Bank Personal Loan rate of interest is very low which is pocket friendly and will also help you to complete your needs. With the help of IndusInd Bank Personal Loan you can go for a foreign holiday, destination wedding, higher studies, you also can renovate your house and many more. You don’t need any guarantor and you also don’t have to mortgage your property. Your IndusInd Bank Personal Loan will disburse within seven days if your documents are correct, though they need minimal documents for IndusInd Bank Personal Loan. IndusInd Bank Personal Loan also comes handy when you have to pay huge medical bill or you want to make a big purchase or if you want to buy your favorite car or your dream house.

Indusind Bank Personal Loan Features

Indusind Bank Personal Loan offers amazing benefits to its customers. Indusind Bank Personal Loan offers Rs.50,000 to Rs. 15 lakhs personal loan. They even made the documentation simplified to reach more customers and also made it online. You can go for Indusind Bank Personal Loan Login after you applied for the loan so you can check your Indusind Bank Personal Loan application status. You also can go for Indusind Bank Personal Loan online payment.

• Simple Documentation

  As said first IndusInd Bank Personal Loan does not need much for IndusInd Bank Personal Loan apply. You can apply with minimal documents and they are very customer-friendly.

• Service at your door

  IndusInd Bank’s door step service help you to apply for IndusInd Bank Personal Loan from your doorstep which makes it simpler and convenient.

• Interest Rate

  IndusInd Bank Personal Loan offers lowest interest rate to its customer so it can be helpful and beneficial to them.

• Hassle Free application

  You can apply on IndusInd Bank Personal Loan without any worries as they offer IndusInd Bank Personal Loan to everyone. Once you meet the IndusInd Bank Personal Loan eligibility criteria you will get your money transferred within 72 hours.

• Balance Transfer

  You can avail the benefit of personal loan balance transfer with the help of IndusInd Bank Personal Loan Balance Transfer. It will reduce the burden of your existing loan and if you want to you also can take a top loan with it because IndusInd Bank Personal Loan rate of interest is very low.

• Guarantor Free

  IndusInd Bank Personal Loan does not need any guarantor or collateral or security to approve your IndusInd Bank Personal Loan.

• Processing Fees

  The processing fees are very loan in IndusInd Bank Personal Loan When other NBFCs and Banks take 2% to 5% for processing fees. IndusInd Bank Personal Loan only takes 1.5% for processing Fees.

• Customer Care

  IndusInd Bank Personal Loan Customer Care service is so helpful if you face any problem regarding your loan they will help you. You just can call customer care executive for help.

• Tenure of Loan

  The tenure of your IndusInd Bank Personal Loan matters most in your loan. You can avail 1 to 5 years of tenure to repay your loan. Your interest rate also depends on loan tenure. If you take a loan for small tenure your interest rate will be low and if you take a loan for longer tenure your interest rate will be high. So it is advisable to go for a shorter tenure. Or you also can choose which suits you best.

• Check Your Eligibility Online

  If you want to take an IndusInd Bank Personal Loan and want to check your eligibility on IndusInd Bank Personal Loan Eligibility Calculator.

IndusInd Bank Personal Loan Eligibility Criteria

IndusInd Bank Personal Loan eligibility is summarized in the below table.

IndusInd Bank Personal Loan Eligibility

• Minimum age of 21 years and maximum of 60 years.
• Minimum 2 years of work experience if self employed minimum 2 years of business experience.
• Minimum income 25,000
• Minimum CIBIL score 700
• The applicant should have an account in this bank.
• Co applicant should be applicable in case of HL/LAP

Documents required for IndusInd Bank Personal Loan

• Salaried

  1. Correctly signed IndusInd Bank Personal Loan application form IndusInd Bank Personal Loan with passport photographs.
  2. Identity Proof and age proof (PAN Card/ Driving License/ Passport/ Voter ID/ Aadhaar Card etc)
  3. PAN Card (Must)
  4. Address proof (Aadhaar Card/ Passport/ Landline Bill/ latest electricity bill/ Rent Agreement)
  5. Last Six months Bank statement
  6. Salary slips of last 3 months.
  7. If currently you are paying any EMI for Credit Card or Personal Loan.

• Self-Employed

  1. Correctly signed IndusInd Bank Personal Loan application form IndusInd Bank Personal Loan with passport photographs.
  2. Identity Proof and age proof (PAN Card/ Driving License/ Passport/ Voter ID/ Aadhaar Card etc)
  3. Address proof (Aadhaar Card/ Passport/ Landline Bill/ latest electricity bill/ Rent Agreement)
  4. TAN Card
  5. Last three years of balance sheet along with profit and loss in business.
  6. Last six months of bank statement of individual and business entity.
  7. If currently you are paying any EMI for Credit Card or Personal Loan.

IndusInd Bank Personal Loan Interest Rate Calculator

You can calculate your IndusInd Bank Personal Loan rate of interest easily by the help of your loan amount, salary, and your current company and also your Credit Score makes really big impact on your IndusInd Bank Personal Loan rate of interest.

• Loan Amount

  Loan amount matters a lot on your interest rate. A loan amount is borrowed by borrower from bank. Basically IndusInd Bank Personal Loan offers loan in between Rs. 50,000 to Rs. 15, 00,000.

• Salary amount

  Your current income shows that how much you are eligible to repay your IndusInd Bank Personal Loan. If you are someone with higher salary your IndusInd Bank Personal Loan rate of interest will be low.

• CIBIL Score

  To be the eligible candidate for IndusInd Bank Personal Loan you should have a good CIBIL Score. CIBIL Score stands for your repayment ability so if you have high cibil y0ur IndusInd Bank Personal Loan rate of interest will be low and if you have low CIBIL your interest rate will be high. Minimum IndusInd Bank Personal Loan CIBIL Score is 650. To make your CIBIL high you have to pay your IndusInd Bank Personal Loan payment on time.

• Company Category

  IndusInd Bank Personal Loan has a list of companies and they had made categories regarding those companies like CAT-A, CAT-B etc. Bank made this categorization based on company’s size, reputation and existing relation with bank. Employees who belong from higher companies always get amazing discounts and low interest on loans.

• Relation with Bank

  If you are someone who has an account on IndusInd Bank and you have maintained your account for a long time and paid your bills timely and also paid all your payments timely then you will get the IndusInd Bank Personal Loan offer of low interest rate.

• Loan Tenure

  IndusInd Bank Personal Loan offer a loan tenure from 12 months to 60 you can choose your tenure as per your choice but you go for higher tenure you have to pay more interest.

• Repayment Capacity

  Before you take any loan you should remember one thing that you have to repay your loan nothing is free so take the loan amount you need do not take extra. No one like a debt burden in their soldier. Even if you get cold calls for higher loan amount don’t fall for it.

IndusInd Bank Personal Loan Benefits

• IndusInd Bank Personal Loan offers flexible loan repayment tenure.
• You can get your door step service in any loan related service.
• The interest rate offered by IndusInd Bank Personal Loan is very low.
• For availing IndusInd Bank Personal Loan you do not need any guarantors or collateral.
• You also can transfer your loan with the help of IndusInd Bank Personal Loan Balance Transfer it will save you from high interest debt.
• The repayment gate way is very flexible with the help of ECS from other bank or through IndusInd Bank account Debit.

IndusInd Bank Personal Loan Interest Rates, Fees & Charges

IndusInd Bank Personal Loan Other Fees and Charges

Points you should remember before taking Personal Loan

• Personal Loans are a type of installment loan. Which means applicator will borrow a fixed amount of loan from bank or NBFC. Borrower has to pay back to the bank or NBFC by installments in 12 to 60 months with interest. Once you have paid the loan your loan account gets closed.
• If you need 3Lakhs then just borrow 3Lakhs from bank or NBFC don’t borrow excessive money only because you have eligibility. You will receive cold calls, e-mails or messages from bank or NBFC but don’t fall for it.
• Banks and other financial institutions who give the personal loan always check the CIBIL Score before giving you personal Loan. So you have to maintain the score. You have to pay your EMIs on time. Because if you have high CIBIL Score your interest rate will be low.
• Personal Loans are more difficult to get because it is an unsecured loan so bank or NBFCs can’t take any of your property if you can’t repay the loan and interest rate is higher than any other loan.
• Personal Loans have fixed interest rate. It doesn’t change by time if you got a loan on 15% interest rate it would be the same till the last date of your repayment.
• Penalty Charges are heavy on personal loans if you missed an EMI that Bank or NBFC have right to charge you. And it also affects your CIBIL Score. So pay your loan on time.

IndusInd Bank Personal Loan Details