IndusInd Bank Personal Loan Is Your Fund Solution

Looking for loans then apply for a personal loan from IndusInd Bank because it provides the best loan scheme to the customer with no collateral. IndusInd Bank personal loan is unsecured and the user doesn’t have to provide any asset for the loan security. You can borrow a desired loan amount from the bank at an attractive rate of interest with a compatible loan payment duration. And, for any assistance during the loan process, you can contact the bank service provider by calling the toll-free customer care number. Or you can use the online tools like IndusInd personal loan calculator for accurate loan installment estimation. Read this article to know every detail of the IndusInd personal loan.

Attractive personal loan interest rate by IndusInd Bank

The bank can give you a maximum loan amount of INR 20 lakh at a starting interest rate of 10.50% per annum. And, IndusInd Bank personal loan interest rate can be higher or lower depending on the applicant loan eligibility criteria. To get a personal loan from IndusInd Bank your age should be 21 or 25 years during the loan application period. And the maximum age must be 60 to 65 years at loan maturity. Salaried individual monthly income should be INR 25,000 or above and Self-employed professionals or non-professionals must have an annual profit of INR 4.5 lakh.

If you meet all the loan eligibility criteria then you will have the negotiation power to lower the loan interest rate. A low IndusInd Bank personal loan interest rate can give you the benefit of affordable loan installments. To know your loan equated monthly installments use the IndusInd Bank EMI calculator device.

Generate instant EMIs using IndusInd Bank personal loan calculator

To know your loan payment structure you can use the online personal loan calculator provided by the IndusInd Bank. You just have to insert the loan details inside the calculator to compute your monthly EMIs like borrowed amount, interest rate and loan tenure. The calculator makes the loan process easier by giving you the approx. EMI of the borrowed amount. By taking the help of IndusInd Bank personal loan calculator you can pay the borrowed amount using ECS, auto-debit or PDCs method by selecting a suitable loan payment duration. And, one can also make prepayment of the IndusInd personal loan by paying the charged prepayment or foreclosure fee.

Submit a few documents and applied charges to get IndusInd personal loan

Visit your nearest IndusInd Bank branch or use the bank online services to apply for a personal loan. Just submit a few documents to the bank such as address proof, income proof and address proof for the verification process. And, if you are the bank existing customer then you can easily apply for the loan by just logging in to the account and check the pre-approved loan offers. You have to pay a processing fee for your personal loan that is 2.50% of the borrowed amount. And, the bank charges a prepayment or foreclosure charge from the customer during repayment which is 4% of the outstanding loan amount. Salaried individuals can prepay the loan after 12 EMIs whereas the self-employed individual can prepay the loan after 4 EMIs. If you delay the EMI payment for your IndusInd Bank personal loan then a penalty fee of INR 150 is charged.