IndusInd Bank Personal Loan

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IndusInd Bank Personal Loan
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Introduction

• IndusInd Bank offers its personal loan which can
  easily be availed for funding ones education,
  marriage expenses, buying household furniture or
  electronics, renovating your home and a lot more.
  
• In order to meet customers varied requirements,
  the bank allows its borrowers to choose from a
  bunch of Personal Loan being offered in multiple
  categories like personal Loan for
  Education, Personal Loan for Medical
  Expenses, Personal loan for Home
  Renovation, Personal Loan for Wedding  Personal
  Loan Balance Transfer among others.

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Features Benefits

• Simple and easy documentation
• Swift and speedy disbursal
• Flexible loan tenure from 12 months to 60 months
• Low cost Balance Transfer facility
• All services at your doorstep
• Collateral free loan disbursement
• Expedient repayment options, either through
  IndusInd Bank A/c debit or ECS through another
  bank

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Eligibility Criteria

• A borrower age should be minimum 21 years and
  maximum 65 years at the time of loan maturity.
• A borrower should have minimum working tenure of
  2 year as Employees of Central/State
  Govt./Autonomous Bodies/Public/Joint Sector
  Undertakings, Public Limited Co./ MNCs
  Educational Institutions.
• Employees of Proprietorship, Partnership firms,
  Private Limited companies, Trust with minimum
  service for 1 year can avail the Bank of Baroda
  personal loan.
• Insurance Agents who doing business at least for
  the last 2 years are considered as eligible for
  the IndusInd personal loan.
• A Self-Employed Professionals (Doctor, Engineer,
  Architect, Interior Designers, Tech. and
  Management Consultants, Practicing Company
  secretaries, etc.) with the minimum 1-year stable
  business can acquire IndusInd personal loan.

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Documents Required

• Duly signed the application form.
• Passport sized photographs.
• Copy of Identity Proof Passport/PAN Card/Voters
  ID card/Driving License etc.
• Copy of Address Proof Ration card/Driving
  License/Voters ID card/Passport/Telephone
  Bill/Electricity bill.
• Processing fee cheque.
• Banks statement of last 3 months/6 months bank
  passbook.
• For Salaried individuals Latest Salary slip and
  Current dated salary certificate with the
  Form-16.
• For Self-Employed individuals Latest Bank
  statement/ITR or Form-16.

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Interest Rate Charges as per 2020
Interest Rates For Salaried and Self-Employed 10.99 to 31. 5
Loan Tenure Up to 60 months
Loan Processing Fee 2.5 of the total loan amount Tax
Loan Amount Minimum ? 50,000Maximum ? 25 Lakhs
Age Limit 21 to 60 years for Salaried21 to 65 years for Self-Employed
Prepayment charges Salaried 4 of the outstanding loan amount (After 12 EMIs) Self-employed 4 of the outstanding loan amount (After 6 EMIs)
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Thank You !!!