Indusind Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 10.99 % p.a. to 30.50 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 65 years
  • Loan period from 1 years to 5 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 1.00 %  to 2.50%  depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about Indusind Bank

Induslnd Bank is better known as Induslnd Bank, it is a private sector bank which is operating out of Mumbai, Maharashtra. It is one of the fastest growing private banks in India; Induslnd has more than 600 branches and 1200 ATMs throughout the country. Induslnd Bank is established in 1994, Induslnd has seen tremendous growth over the years, and is currently planning to double its branch strength in India to more than 1200 branches.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 65 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 5 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans loweryour eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Personal Loan are following

Rate Of Interest:

Sno.

Type

Interest Rate

Mean Interest Rate

1

Personal Loan

11.99%  to 19.5% p.a.

14.42%

Existing Loan take over or New Loan

Here are Some Points For this:

  • Doorstep Services for easy process
  • lowest rates available for borrowers
  • Repayment options available from 1 to 5 years
  • Obtain a loan easily with Simple Documentation, Quick Processing and Speedy Disbursal.

Features of Loan

Featues of Loan:

  • Choose a loan tenure as per your convenience ranging from 1 to 5 years
  • Get the best in class personal loan interest rates
  • Obtain a personal loan easily with simple documentation, quick processing and speedy disbursal.
  • Enjoy the convenience of doorstep service
  • You need not worry about collaterals or guarantors
  • Choose a convenient repayment option from, IndusInd Bank a/c debit or ECS from your other bank

Documents Required For Loan:

For Salaried Person:

  • Proof of identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number
  • Proof of residence: Leave and License Agreement/ration card /utility bill (not more than 3 months old) / valid passport - provided the passport address is present address mentioned in application form
  • Proof of Income: Latest 3 months salary slip / salary certificate and latest Form 16
  • Bank Statements: Latest 3 months bank statement (where salary is credited)

For Self-Employed Professionals:

  • Proof of residence: Leave and License Agreement / ration card / utility bill (not more than 3 months old) / trade license / establishment / sales tax certificate / valid Passport - provided the passport address is present address mentioned in application form
  • Business (Current Account) Bank Statements (latest 6 months bank statement/passbook
  • Proof of qualification: Highest Professional Degree
  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
  • Profession continuity proof

For Self- Employed Individuals:

  • Proof of Identity: Passport / driving license / voters ID / PAN card /card issued by UIDAI containing the details of name, photograph, address and Aadhaar number
  • Proof of residence: Leave and License Agreement / ration card / utility bill (not more than 3 months old) / Trade License/establishment/sales tax certificate/valid passport - provided the passport address is present address mentioned in application form
  • Business (Current Account) bank statements (latest 6 months bank statement / passbook)
  • Latest 2 years ITR along with computation of income, B/S, P&L a/c with all schedules certified by a CA
  • Business continuity proof: Trade license / establishment/sales tax certificate)