Induslnd Bank is considered to be as the new-generation Indian Bank which is originally located at Mumbai, Maharashtra, India. IndusInd Bank has in total of 1500+ branches and over 2500+ ATMs located in India.
In this post, I’ll cover the details of personal loan at IndusInd Bank, eligibility, features, process, documents required, and many more.
Table of Contents
Loan Details
Sl. No.
Category
Data
1
Loan amount
Up to 15 Lakhs
2
Interest rate
11%
3
Tenure
1-5 years
4
Age
21 or above(salaried), 25 or above(self-employed)
5
Processing charge
2.5% + GST
6
Monthly salary
Minimum Rs 25,000
7
Pre-payment charge
4% + GST
8
Lowest EMI
Rs 2,174 per Lakhs
Steps to apply for personal loan at IndusInd Bank
Step-1: Decide on an amount to take loan of and then explore its repayment tenure
Step-2: Upon deciding, submit an online application of asking personal loan with your recent passport sized photographs
Step-3: Enter the correct personal details and then submit the necessary documents
Step-4: Bank will then verify your application and will notify you within few days regarding approval of your application
IndusInd Bank loan Features
Tenure is very flexible up to 60 months or 5 years
Attractive loan amount to be taken ranges between Rs 50,000 – 15 Lakhs
Best interest rates
Well pre-payment facility
Types of IndusInd Bank Personal loan
There exist various types of personal loans at IndusInd Bank and they are mentioned as:
IndusInd loan for studies
Fulfills the education expenses
Loan up to 15 Lakhs
Tenure up to 5 years
IndusInd loan for marriages
Fulfills the wedding expenses
Loan up to 15 Lakhs
Tenure up to 5 years
IndusInd loan for home re-decoration
Fulfills the renovation expenses of home
Loan up to 15 Lakhs
Tenure up to 5 years
IndusInd loan for medical help
Fulfills the expenses of any medical urgency
Loan up to 15 Lakhs
Tenure up to 5 years
IndusInd loan balance transfer
Transfers the existing loan into any other account
Loan up to 15 Lakhs
Tenure up to 5 years
Induslnd Eligibility Criteria
Eligibility criteria are of three types of personal loan at IndusInd Bank. These criteria are as follows:
Induslnd for Salaried
Applicants must be working in reputed public/private firms
Age: 21 years or above
Monthly income: Rs 25,000 or above
Work experience: Minimum 2 years
For Self-employed professionals
Applicants must be self-employed involved in a good profession like CA, Doctors, Consultants, etc.
Age: 25 years or above
Annual income: Rs 4.8 Lakhs or above
Work experience: 4 years minimum
For IndusInd Self-employed Individuals
Applicants must be sole directors, partners, proprietors, etc.
Age: 25 years or above
Annual income: Rs 4.8 Lakhs or above
Work experience: 5 years minimum
Required Documentation for Induslnd
Documents that are required to verify also are of 3 types based on the profession of a person same as eligibility. They are:
