Branch Office
B-134, Third Floor, DDA Shed
Okhla Industrial Area,
Phase - 1
New Delhi - 110020
Working Time
Mon-Sat | 10:00 - 06:00 |
Sunday | Online |
IndusInd Bank Personal Loans offer instant loan approval and come with no foreclosure and part payment charges. These versatile loans serve various purposes, such as funding children's education, handling medical emergencies, covering wedding expenses, renovating homes, starting a business, or consolidating other financial liabilities.
LoanMoney is a registered and authorized Direct Selling agent of various National, Multinational, and Non-Banking Financial Companies. IndusInd Bank provides hassle-free Personal Loan facilities to salaried individuals at attractive interest rates. The application process is simple, requires minimal documentation, and offers easy repayment options with the lowest EMI. To benefit from the lowest interest rates, apply for an IndusInd Bank Personal Loan through LoanMoney.
Fee | Amount to be Paid |
---|---|
Rate of Interest | 10.75% To 22% |
Loan Processing Charges | 0.75% To 2.5% |
Cheque Bounce Charges | Rs. 1000/- |
Cheque/ Instrument Swap charges | NA |
Prepayment/ Foreclosure Charges | 4% of the loan amount |
Default Interest Rate | 22% |
Duplicate Statement Issuance Charges | NA |
Duplicate Amortization Schedule Charges | NA |
Duplicate Interest Certificate | NA |
S(Provisional/ Actual) issuance Charges | NA |
The following people are eligible to Apply for Induslnd Bank Personal Loan:
Particulars | Salaried | Self Employed | Professional |
---|---|---|---|
Age(Min-Max) | 21 To 60 Years | NA | 21 To 60 Years |
Minimum Income | Min. Rs. 30,000/- Monthly | NA | NA |
Co-applicant | 30,000 | NA | NA |
Loan Tenure | 12 To 60 Months | NA | NA |
Maximum Loan Amount | 40 Lacs | NA | NA |
Employment/Business Continuity | NA | NA | NA |
CIBIL Score | Above 700 | NA | NA |
LoanMoney will help you to achieve all your financial goals. With the Personal Loan EMI Calculator, you can calculate your monthly installments process before you apply for a Personal Loan and have a definite estimate of your monthly payments well in advance. Quick Form for Personal Loan in India.
Post-sanction / Pre-Disbursement Documentation Required
Salaried | Self Employed | Professional | |
---|---|---|---|
Age | 21 To 60 Years | NA | 21 To 60 Years |
Loan Amount | 1 To 25 Lacs | NA | 1 To 25 Lacs |
Tenure | 12 To 60 Months | NA | 12 To 60 Months |
Rate of Interest / APR [Annual Percentage Rate] | 10.75% To 22% | NA | 10.75% To 22% |
Features | Simple Documentation, Quick Disbursal | Simple Documentation, Quick Disbursal | Simple Documentation, Quick Disbursal |
Processing Fees | 0.75% To 2.5% | NA | 0.75% To 2.5% |
Special | Pre Close Charges Nil After 12 EMI. | NA | Pre Close Charges Nil After 12 EMI. |
Documentation | Salary Slip 3 months, Address Proof, PAN Card,Latest Bank Statement, ID proof | NA | Salary Slip 3 months, Address Proof, PAN Card,Latest Bank Statement, ID proof |
Eligibility |
|
NA |
|
Share your contact details and talk with our experts to get an instant decision on your loan.
Make your wedding day more memorable by adding some extra facilities which you can be fulfilled by a personal loan.
Fulfill your medical expenses like hospitalization bills, medical prescription bills, surgeries, etc
Repays the entire credit card bill in one shot and then makes pocket-friendly EMIs .
Reduces the strain on your family savings and eliminates the need to liquidate your investments in fixed deposits
Planning to go on a vacation or looking for ways to pay for holiday travel without breaking your credit card.
Maintain continuity in servicing the debt and get a certain degree of flexibility to restore financial stability.
Don't need to wait for a longer time to renovate your home. Avail for a Personal Loan now.
The benefits of taking a personal loan with the help of Loanmoney are:
Personal loans feature tenure of 1 year to 5 years or 12 to 60 months.
The key documents required for a personal loan are:
To be eligible for a personal loan, you must have a regular source of income to avail of a personal loan, whether you are a salaried individual, a self-employed business person, or a professional. Some other factors that are affected are credit history, residential location, and other factors as per the lender’s criteria.
EMI stands for Equated Monthly Installment (EMI). It is a monthly payment given by a borrower to a creditor on a defined day in each month. EMIs apply to both interest and principal each month, and the loan is paid off in full over some years.
The term Loan foreclosure means when a person does the full repayment of the remaining loan amount in one single & final payment instead of paying it back in multiple EMIs.
Some banks don't allow foreclosure of the loan as they won’t get the interest from the borrower and some banks allow foreclosure of the loan but they charge a certain amount from the borrower. While taking a Personal Loan try to see if there is zero foreclosure charges or nil foreclosure charges facility available for borrowers. This can save you money that you were going to pay to the bank.
No, you don’t have to provide any security, collateral, or guarantee to obtain a Personal Loan from Bank.
At the time of booking your loan, the EMI (Equated Monthly Instalments) will be calculated based on the loan amount sanctioned, interest rate, and the tenor.
Once you submit your application form and the required documents as per Bank's criteria, you can expect our approval and disbursal within 5 working days, provided everything is in order. All loan approvals are at the sole discretion of the bank.
The bank will levy certain ECS bounce charges/penalties. In addition, it will get reported in your credit report. Depending on the severity of the default it can have a serious impact on your future credit possibilities like a home loan, car loan, etc. In addition, the banks can also take legal action against the borrower.
We pride ourselves on providing transparent and quality service to our clients, but you don’t just have to take our word for it. Read what our clients have to say about us.
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Read MoreB-134, Third Floor, DDA Shed
Okhla Industrial Area,
Phase - 1
New Delhi - 110020
Mon-Sat | 10:00 - 06:00 |
Sunday | Online |