Vanish all your financial worries with IndusInd Personal Loan

IndusInd Bank offers customized loan offers in order to cater the needs of every salaried in addition to self- hired people. Afinoz has partnered with IndusInd Bank to offer each new in addition to pre-approved personal loans speedy without hassles. Read directly to recognize extra approximately numerous key info referring to IndusInd personal loans along with its eligibility criteria, documentation requirement, key rates, and others. 

Induslnd Personal Loan Interest Rates 

Induslnd Bank personal loan interest rates begin as low as 11% p.a. Specific interest rates relevant to an applicant rely upon numerous elements consisting of however now no longer restricted to credit score, loan tenure, loan amount, and applicant’s location. The following are the important thing sorts of personal loans presently presented through IndusInd Bank and the relevant interest rate: 

Type of IndusInd Bank Personal Loan	Interest Rate (p.a.)
Home Renovation Loan	11% onwards
Medical Expenses Loan
Wedding Loan
Balance Transfer

Documents Required for Induslnd Personal Loan 

The following files are required to avail Induslnd Bank Personal Loan: 

For Salaried Employees: 

• Identity Proof: PAN/ Aadhaar/ Voters ID/ Passport/ Driving License, etc. (anyone). 
• Address Proof: Utility Bill (much less than three months old)/ Valid Rent Agreement, etc. (anyone). 
• Income Proof: Latest profits slip for the final 3 months/profits certificates and Form 16. 
• Bank Statements: Latest 3 months’ bank statement of profits account. 

For Self-Employed Professionals: 

• Identity Proof: PAN/ Voters ID/ Aadhaar/ Driving License/ Passport, etc. (anyone) 
• Address Proof: Utility Bill (much less than 3 months old)/ Valid Rent Agreement/ Trade License/ Sales Tax Certificate, etc. (anyone) 
• Business (Current Account) Bank Statements (passbook/ 6 months bank statement) 
• Latest 2 years ITR at the side of computation of earnings, B/S, P&L a/c with all schedules licensed through a CA 
• Qualification Proof: Highest Professional Degree 
• Proof of career continuity (eg. registration certificates from the relevant authority) 

Other Mandatory Documents: A certified replica of partnership deed/ sole proprietorship statement/ licensed replica of MOA, AOA, and Board resolution. If earnings are derived from a partnership firm, modern-day 2 years partnership firm’s B/S, P&L a/c with all schedules licensed through a CA. 

 Features of IndusInd personal loan 

• Flexible loan tenures  
• You can avail of a personal loan from IndusInd Bank with minimal documentation, brief processing of the loan, and brief disbursal of the loan amount on your bank account. 
• Avail doorstep provider for loan-associated processes 
• Competitive interest rates 
• No guarantors or collateral 
• Use the ‘Balance Transfer Option’ to cast off excessive interest debt 
• Flexible repayment gateways consisting of ECS from any bank or thru IndusInd Bank account debit 

What are the eligibility criteria for IndusInd personal loans? 

IndusInd defines three classes of loan takers – Salaried, Self-hired professional, and Self-Employed individual. 

For salaried personnel 

Salaried personnel, as described through IndusInd Bank, consist of chartered accountants, docs, choose personal and public quarter personnel, PSU and principal authorities personnel, and authorities country and nearby frame personnel. 

• Available for certain personnel labeled inside 21 years to 60 years of age. 
• Monthly internet earnings shouldn’t be much less than Rs 25,000. 
• For applicants availing of rented accommodation, they have to have resided for as a minimum of 1 year in the same residence. 

For self-hired experts 

Self-hired experts as described through IndusInd consist of architects, self-hired docs and CAs, engineers, corporation secretaries, in addition to MBA consultants. 

• Applicants’ age should be within 25 years to 65 years. 
• Net annual earnings to be extra than Rs. 4.8 lakhs. 
• Minimum 4 years of experience. 

Conclusion: 

In the conclusion, IndusInd Bank personal loan interest rate is one of the lowest and affordable loan offers available in the market. You can also apply for an IndusInd personal loan via Afinoz and can get a low personal loan interest rate.