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What Is The IndusInd Bank Personal Loan Interest Loan?

What Is The IndusInd Bank Personal Loan Interest Loan?

You can take a personal loan for multiple usages such as a wedding, home renovation, study, holiday, travel and much more personal reasons can be. Then IndusInd bank is reputed financial company in private sector, which can provide you lowest interest rate. So that, you can fulfill the desires easily.

The interest rate can matters when you are taking a personal loan, that’s why it’s important to check before applying. You should keep in mind eligibility, EMI calculation and rest things.

Give and take of the knowledge is the best way and it can give you a better choice. If we can talk about IndusInd Bank personal loan interest rates are, 10.99% to 16.00% and the loan amount is Rs 15 lakh for up to 5 years. The processing fee is 1% to 3% loan amount and minimum Rs 20,000 per month.

What Are The Requirements For IndusInd Bank Personal Loan?

The bank can divide eligibility factor into two categories a salaried and self-employed. For both categories, below mention few things are a mandate. If you want a quick response, then have to check online your eligibility.

Eligibility Factor For A Salaried

  • The minimum age should be 21 years
  • The maximum should be 60 years of age
  • Your minimum net monthly income should be Rs 25,000
  • Your total job experience should be two years and above
  • The current organization you should complete one year or above

KYC Factor For A Salaried

  • Identity Proof: Passport, voter ID, and governmental photo ID proof
  • Address Proof: Aadhaar card, recent electricity bill, and driving license
  • Income Proof: Latest three months salary slip, and form 16
  • Latest three months bank statement

Eligibility Factor For A Self-employed

  • The minimum age should be 25 years
  • The maximum should be 65 years of age
  • Your minimum five years of post qualification
  • Your minimum five years of post qualification

KYC Factor For A self-employed

  • Identity Proof: Passport, voter ID, and governmental photo ID proof
  • Address Proof: Aadhaar card, recent electricity bill, and driving license
  • Income Proof: Latest three months salary slip, and form 16
  • Latest six months bank statement

How Can You Calculate Personal Loan EMI?

You get to know IndusInd bank personal loan interest rates, but how can calculate? You have another magical tool that is EMI calculation. It’s a tool where know the exact amount. This is a simple, smartest, and the effective product it allows you to know exact monthly installments amount which you need to pay the lenders.

To calculate own EMI with this, you should share few things such as amount, tenure and an interest rate. After filling these details on the tool, you get to know the accurate amount. Do you know, the best part of this tool? Until and unless you are not satisfied with your report, you can check again an again.

You can have so many benefits such as choose a convenient payment option, need not worry about guarantor, simple KYC, quick processing and speedy disbursal.

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