IndusInd Bank Personal Loan Interest Rates

• Personal loans are tailored to specific demands such as schooling, medical bills, home improvement, marriage, and so on.
• The bank offers doorstep assistance to clients interested in obtaining a personal loan.
• IndusInd Bank provides simple documentation, quick processing, and swift disbursement.
• Account debit or ECS from another bank account EMI are easy repayment choices. The calculator assists in determining monthly payments based on the principal amount borrowed, IndusInd bank interest rates for personal loan, and tenure.
• Personal loans are available for terms ranging from one to five years.
• There is no requirement for guarantors.
• The bank provides a 'Balance Transfer Option' to pay off any existing high-interest loans.
• The bank's website can be used to assess your eligibility for a personal loan.

• Personal Education Loan - Helps candidates achieve their educational aspirations.
• Wedding Loan - A wedding loan is available to help with wedding expenses.
• Personal Loan Balance Transfer - To lessen the EMI burden, applicants from other banks and NBFCs can take advantage of the Personal Loan Balance Transfer option, which allows them to transfer their existing personal loan to IndusInd Bank at cheaper interest rates.
• Medical Loan - A medical loan is a type of personal loan that is available to help with unforeseen medical expenses.
• Loan for Home Renovation - To obtain financing for upgrading and beautifying your home.

Here is the table to show the IndusInd Bank rate of interest on personal loan-

Customers who take out personal loans from IndusInd Bank may be subject to the following fees-

• In the event of a missed payment - the bank charges Rs.450 in payment dishonour charges.
• Customers can obtain a duplicate statement by paying the bank an additional Rs.250.
• Customers are charged Rs.150 for EMI delays of more than five days.
• Loan cancellation fees are Rs.1,000 per occurrence.
• Clients need to pay an additional Rs.250 to the bank to obtain a duplicate 'No Dues' certificate.

• Salaried personnel include chartered accountants, doctors, employees of select public and private limited firms, and government employees (including PSUs, central, state, and local bodies).
• Self-employed people: Self-employed sole owners, directors, and partners in a manufacturing/trading/services business.
• Self-employed doctors (MBBS and higher), chartered accountants, architects, engineers, company secretaries, and MBA consultants are examples of self-employed professionals.

The following are the documents that IndusInd Bank will require-

• Completed application form with all required fields.
• Aadhar Card, Driving License, Voter ID Card, Passport, PAN Card, etc., are all acceptable forms of identification.
• Aadhar Card, Passport, Telephone Bill, Electricity Bill, Leave and License Agreement, Ration Card, and any other acceptable ID proof with a permanent address.
• Proof of Income (for salaried employees): three months' bank statements with income credited, three months' salary slips/salary certificate, and the most recent Form-16.
• For self-employed professionals, the highest professional degree serves as a confirmation of qualification.
• Proof of income (for self-employed professionals/individuals): previous two years' ITR with income computation, balance sheet, profit and loss account with all schedules certified by a CA, business/current account bank statements of the last six months or bank statement/passbook of the last six months
• Proof of professional continuity for self-employed professionals.
• Self-employed individuals must provide proof of business continuity, such as a trade license/establishment or sales tax certificate.
• For self-employed persons, a sole proprietorship declaration/certified copy of the MOA, AOA, and Board resolution or the copy of the partnership deed is needed.
• Other documents include a processing fee check and two passport-sized pictures.