IndusInd Bank is one of the largest private sector banks offering personal loans to help meet the purposes of marriage, education, travel, etc. It can also fund you when you need money for medical emergencies at all. Don’t let the lack of money hit your plans. Opt for an IndusInd Bank Personal Loan and fulfill your needs without any delay. You can apply for the loan easily on the website of ICICI Bank, thereby eliminating the need to take some time off from your schedule to visit the branch and apply. The online application can be made instantly. If the details submitted are found to be genuine, the loan can be approved and disbursed quickly. Let’s check out IndusInd Bank Personal Loan details by reading the article further.
IndusInd Bank Personal Loan Amount, Interest Rate & Processing Fee IndusInd Bank offers personal loans up to ₹15 lakh based on your income, repayment potential, credit score, etc. The loan can be given for a period ranging up to 5 years. The bank can charge an interest rate of 11.25%-23% per annum on loans. The processing fee can be levied at up to 2.50% of the loan amount. If you want to foreclose the loan, a fee can be levied at 4% of the principal outstanding plus applicable Goods and Services Tax (GST). Salaried and self-employed can foreclose the loan only after the successful payment of 12 and 6 Equated Monthly Installments (EMIs), respectively. IndusInd Bank Personal Loan Eligibility Criteria The eligibility criteria can vary based on the type of applicants - Salaried, self-employed professionals and self-employed non-professionals. Eligibility Criteria for Salaried Salaried working in both public and private entities can apply for the loan.
Eligibility Criteria for Self-employed Professionals Self-employed professionals include self-employed doctors, chartered accountants, engineers, etc.
Eligibility Criteria for Self-employed Non-professionals This category of borrowers includes sole proprietors, directors and partners in manufacturing, trading or even services.
IndusInd Bank Personal Loan Status You can check the personal loan status on IndusInd Bank website. Just enter the application reference number to know the status. You can even call the customer care executive to know the status. IndusInd Bank Personal Loan Repayment Schedule You can ask IndusInd Bank to issue you a repayment schedule once you start paying the loan through EMIs. The schedule would show the amount of interest and principal paid so far with respect to a loan. Plus, it would also show the outstanding balance as on the date of schedule issuance.
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Anika Sharma
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