IndusInd bank was established in 1994 and has derived its name from the famous Indus valley civilization. They are very customer oriented and always happy to provide financial solutions based on customer needs. It is spread over 392 geographic locations across India offering commercial, transactional and electronic banking products and services. The bank has over 700 branches and over 1,600 ATM’s spread across the country.
IndusInd bank personal loans provide an opportunity for individuals to fulfil their every financial need and emergency. They offer best in class interest rates to make them accessible to all with convenience of doorstep service several repayment option with simple documentation and quick processing. Indusind bank offers Balance transfer facility to shift from higher rate of interest and offers fast and easy loan disbursement.
IndusInd Bank advances personal loans for a variety of reasons including marriage, renovation, travel , business etc. They offer attractive interest rates extending from 13.99% to 23.00% which is payable through EMIs. The interest rates vary based on your income, location and company listing. Loan amounts of upto 15 Lakhs are available for salaried and self employed individuals with tenures ranging 12 – 60 months. As personal loans are unsecured loans, they have simpler documentation with no collateral or need for a guarantor. Indusind bank offers pre-payment of the loan post 12 months f EMI for salaried and 6 months for self employed with minimal pre closure charges.
Applicant’s age should be between 21 – 60 years for salaried and between 25 – 65 years for self-employed
Should be a salaried individual, salaried professional or self-employed
Minimum monthly salary of Rs. 25,000 and 2 years’ experience in current occupation
For self employed - Minimum annual net income post tax should be Rs.4.8 lakh
Self employed should have 5 years of post-qualification experience
1 year residing in current home address
Please have the below documents ready for the quick processing of the loan,
Application form and your latest photograph
Proof of identity: Copy of passport/voter ID card/driving license
Proof of address: Copy of ration card/ Utility Bill (not more than 3 months old) /rental agreement/passport
Last 3 months salary slip, Current dated salary certificate with the latest Form 16
Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
Bank account statements for last 6 months
Business continuity proof: Trade license / establishment/sales tax certificate)
Additional mandatory documents: Sole proprietorship declaration/certified copy of partnership deed /certified copy of MOA, AOA and Board resolution. In case of income derived from a partnership firm, latest 2 years partnership firm's B/S, P&L a/c with all schedules certified by a CA
Are you ready to explore the interest rates available for your INDUSIND BANK Personal Loan?