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Why IndusInd Personal Loan Should be Your Go-To Loan Option?

Most of the lending institutions offering personal loans in the market are very generic in nature. I mean these options are not need specific. There is only one personal loan package for all kinds of need. A personal loan taken for education will have different requirements from a personal loan taken for travel. This is where IndusInd scores a mark. It offers customized loan package for different needs. So, a personal loan taken from IndusInd bank for medical purposes will have different feature from a loan taken for home renovation. Apart from this, it offers loan at affordable interest rates and provides high loan amount so that the customer doesnu2019t have to compromise on anything. Letu2019s check out some more convincing features of the IndusInd Personal Loan.

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Why IndusInd Personal Loan Should be Your Go-To Loan Option?

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  1. Why IndusInd Personal Loan Should be Your Go-To Loan Option?

  2. Most of the lending institutions offering personal loans in the market are very generic in nature. I mean these options are not need specific. There is only one personal loan package for all kinds of need. A personal loan taken for education will have different requirements from a personal loan taken for travel. This is where IndusInd scores a mark. It offers customized loan package for different needs. So, a personal loan taken from IndusInd bank for medical purposes will have different feature from a loan taken for home renovation. Apart from this, it offers loan at affordable interest rates and provides high loan amount so that the customer doesn’t have to compromise on anything. Let’s check out some more convincing features of the IndusInd Personal Loan.

  3. What are the Features of the IndusInd Personal Loan? Best In Class Interest Rate: IndusInd bank offers one of the most attractive interest rates in the personal loan sector. No other banks are offering interest rates as low as 10.55%. However, The interest rate that’ll you get from the bank depends on numerous factors such as credit history, credit score, debt to income ratio, employment stability and more so. CIBIL score is a dominant factor. So if you have a CIBIL score of 750 and above, chances are that you will bag the lowest interest rate provided by indusInd bank.

  4. Types of Loans: Like I said, there are only a few lenders that provide customized personal loan offerings for every individual need. Whether you want to renovate your home or travel abroad or throw the best wedding ever; IndusInd has a personal loan for everything. There are special offers and benefits provided on every type of loan provided. Different IndusInd loan options provided are: Personal Loan for Education, Personal Loan for Medical Expenses, Personal Loan for Home Renovation, Personal Loan for Wedding and Personal loan Balance Transfer.

  5. No Collaterals/ No Guarantor: The IndusInd Personal loan is an unsecured loan, meaning the borrower need not pledge any security in order to avail the loan. I know, the question that follows is “then, how will the bank trust you with the loan?” IndusInd Bank checks other like your income details, credit score, etc. which gives the bank confidence in you. Choice of Tenure: IndusInd Bank lets you pay for the personal loan at your own pace. I mean it lets you choose the repayment tenure of loan. You can choose to repay the IndusInd personal loan from anywhere between 1 year to 5 years. Evaluate your repayment ability and then only choose the best tenure according to your ability.

  6. Quick Loan Processing: As you can see, everywhere I am reiterating the speed aspect in relation to IndusInd Bank Personal Loan. Even on their website, wherever you move your eyes, you’ll see the quickness factor is emphasized more. The testimony to this is their easy to meet eligibility criteria and minimal documentation process. Both of these factors are responsible for IndusInd bank’s fast approval and disbursal process.

  7. What is the Eligibility Criteria to Avail the IndusInd Personal Loan? Salaried Individuals: • The applicant’s minimum age should be 21 years and the maximum age should be 60 years at the time of maturity. • Minimum net monthly income should be INR 25,000 • Should have minimum 2 years of work experience and minimum 1 year of experience with the current employer. • Should have stayed at the current residence for 1 year.

  8. Self-Employed Professional & Individuals: • The applicant’s minimum age should be 21 years and the maximum age should be 65 years at the time of maturity. • Minimum net monthly income should be INR 4.8 lakh per annum. • Minimum 4 years of post qualification experience is required for self-employed professionals. • Minimum 5 years years of post qualification is required in the case of self-employed individuals.

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