IndusInd Bank is an Indian new generation private bank headquartered in Pune. It also offers various types of personal loans to meet your personal needs. This post discusses everything you need to know about IndusInd Bank Personal Loan.
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IndusInd Bank Personal Loan
IndusInd personal loan is one of the easiest ways to get financial aid to make sure you do not compromise on the more important things in life. The IndusInd Bank loan helps you in the event of a financial crunch.
With IndusInd personal loan, you can turn many dreams into reality. Be it a new car, home renovation, medical expenses, a dream vacation, or education, fulfill all these goals with this unsecured loan.
IndusInd Bank offers tailor-made personal loan options to meet the varied needs of people. You can get loans from Rs.50,000 to Rs.15 lakhs for a tenure of 12-60 months.
To learn more about IndusInd instant personal loan, please read this post further.
Features and Benefits of IndusInd Personal Loan
1. Loans for salaried employees, self-employed professionals, and self-employed individuals.
2. The loan amount will be in the range of Rs.50,000 to Rs.15 lakh.
3. The loan disbursal within 4-7 working days post receipt of the required documents.
4. IndusInd Bank personal loan interest rate starts as low as 11.00%.
5. You can choose a comfortable tenure that suits you between 1 to 5 years.
6. You pay the loan in equated monthly installments (EMIs).
7. There is no need to provide any collateral or security to obtain the loan.
8. You can find out how much your EMI might be using the EMI calculator.
9. You can use this loan for plenty of purposes to turn many dreams into reality.
10. You can choose for the doorstep service provided by the bank.
IndusInd Bank Personal Loan Eligibility
Salaried Employees
1. Minimum age at the time of application: 21 years
2. Maximum age at loan maturity: 60 years or retirement age whichever is earlier.
3. Minimum net monthly income: Rs.25000
4. Completed a minimum of 2 years in employment and a minimum of 1 year in the current organisation.
5. Completed a minimum of 1 year of stay at the current residence if rented.
Self Employed Professionals
1. Minimum age at the time of application: 25 years
2. Maximum age at loan maturity: 65 years
3. Minimum annual net income post tax: Rs.4.8 lakh
4. Experience post-qualification: 4 years
Self Employed Individuals
1. Minimum age at the time of application: 25 years
2. Maximum age at loan maturity: 65 years
3. Minimum annual net income post tax: Rs.4.8 lakh
4. Experience post-qualification: 5 years
Documents required
The following documents are required when applying for Induslnd Personal Loan:
1. Application form with photograph
2. Proof of Identity: PAN/ Aadhaar/ Voters ID/ Driving License/ Passport, etc. (anyone).
3. KYC documents: Valid identity/Residence/Signature proof
4. Income proof: Form 16/ITR for the last 3 years and latest 3 months’ salary slip/ latest 6 months business bank statement.
5. Proof of profession/business continuity.
If you are an existing customer, click here to check the pre-approved personal loan IndusInd Bank offer.
Interest Rates & Charges
1. IndusInd personal loan interest rate will be 11.00% onwards.
2. The loan processing fee up to 2.5% of the loan amount + GST.
3. Prepayment charges: 4% of the principal outstanding after repayment of 12 EMIs for salaried and 6 EMIs for self-employed.
4. Payment dishonor charges are Rs.450/- plus tax.
5. Duplicate statement charges are Rs.250 per instance plus tax.
6. Cheque/ECS swapping charge is Rs.500 per instance plus taxes.
7. Duplicate Amortization schedule charge is Rs.250 plus taxes per event.
8. Loan cancellation charges are Rs.1000 plus taxes per event.
9. Duplicate no dues certificate Rs.250 plus taxes per event.
10. Penal charge is Rs.150 plus taxes, per EMI delay beyond 5 days.
To check the latest interest rate and charges, please click here.
IndusInd Bank Personal Loan Apply
To apply IndusInd Personal loan, approach IndusInd Bank in any of the following ways:
1. You can call at 24-hour customer care number: 1860 267 7777 / +91 22 44066666
2. Write an email at reachus@indusind.com
3. Personal loan apply IndusInd Bank SMS “PL” to 5676757
4. Alternatively, you can visit into any of the bank branches, in the select cities where the bank offers these loans.
Click here to get customized quote instantly.
Final Thoughts
I hope now you know how to get IndusInd Bank Personal Loan. With this loan, nothing can hold back your aspirations. This is one of the easiest ways to get financial aid in the event of a financial crunch. The loan will be disbursed within 4-7 working days post receipt of the required documents.
Related post: ICICI Bank Personal Loan
Related post: SBI Quick Personal Loan