✅ Easy documentation
✅Flexi Personal Loan Tenure
✅No stress of collateral
More about the IndusInd Personal Loan
✔️Involving only four steps, the online application process is 100% paperless and digital, eliminating the need to visit a bank branch.
✔️With simple documentation, no need for collateral, and swift processing, getting a loan is quick and hassle-free.
✔️Disbursal of funds is fast, making it helpful in crisis situations like a medical emergency.
✔️The loan repayment tenure is flexible – ranging from 12 to 60 months – allowing you to pay back in your own time.
✔️Convenience features like doorstep servicing added.
✔️Low processing charges and attractive rates of interest.
✔️Availability of loan tailor made to meet various needs like home renovation, wedding and higher education.
Why does the Utua Team recommend the IndusInd Personal Loan?
If you are running low on money, taking a personal loan can be a great way to finance your immediate expenses. These days, personal loans are disbursed instantly and do not require any collateral. Additionally, you can apply for a personal loan online at most Indian banks like IndusInd Bank and enjoy paperless banking at its best.
The application process is 100% online making it a convenient option. Are you still wondering whether taking a personal loan is a good idea? A personal loan is like the proverbial all-weather friend who stands by you in this hour of need. Be it an unexpected medical emergency, an opportunity to pursue higher education abroad, or a long-awaited home renovation, a personal loan helps meet an array of needs that may arise during one’s life.
Popular among borrowers across age groups, this type of loan is unsecured – or collateral free – and easy to apply for. Digitization has further simplified the application and disbursal process, ensuring that borrowers have quick access to funds through online personal loans.
Author’s opinion
IndusInd Bank offers a variety of financial solutions including personal loans to meet various needs. With IndusInd Personal Loan, customers can easily avail funds based on their requirements. The loan processing fee is subject to the loan amount and the tenure can range from one year to five years, allowing flexibility in repayment.
Additionally, the option of premature closure of the loan is available after a specified period with applicable charges. Unlike some other loans, IndusInd Personal Loan does not require a guarantor, making the application process simpler. The bank offers various types of loans as well as many other financial products.
Who can apply for the IndusInd Personal Loan?
Eligibility criteria:
✔️The minimum age to apply for a personal loan is 21 years.
✔️The maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier.
✔️Minimum net monthly income for personal loan online application should be Rs.25000.
✔️Must have completed minimum 2 years in employment and minimum 1 year in the present organization.
✔️Must have completed minimum 1 year stay at current residence when renting.