Induslnd Bank Personal Loan

IndusInd Personal Loans are a convenient financing option that comes with no foreclosure and part payment charges. Personal Loans are used for various purposes like Children's Education, Medical Emergencies, Wedding Expenses, Home Renovation, Starting a Business, or even for closing any other Financial Liabilities.

IndusInd is known as a quick and competitive bank. It provides hassle-free Personal Loan facilities for salaried individuals at attractive Rates of Interest. Along with this the whole procedure is very simple, requiring minimum documents, easy repayment options, lowest EMI. Apply for IndusInd Personal Loan through LoanMoney to avail of the lowest interest rates with simple documentation.

Features of Induslnd Personal Loan

Apply for Personal Loan Interest Rate: 10.99%
Processing Fees: 0.75% - 2.5% of the loan amount.
Maximum Loan Amount: Rs 40 Lacs.
Foreclosure charges: Charges Nil After 12 EMI.
EMI bounce charges: Rs 1,000 for every bounce.
Loan Tenure: 5 years.

Fee	Amount to be Paid
Rate of Interest	10.75% To 22%
Loan Processing Charges	0.75% To 2.5%
Cheque Bounce Charges	Rs. 1000/-
Cheque/ Instrument Swap charges	NA
Prepayment/ Foreclosure Charges	4% of the loan amount
Default Interest Rate	22%
Duplicate Statement Issuance Charges	NA
Duplicate Amortization Schedule Charges	NA
Duplicate Interest Certificate	NA
S(Provisional/ Actual) issuance Charges	NA

Loan Amount: Rs. 1 Lac to 40 Lacs
Rate of Interest (APR)*:10.75% to 22.50%
Repayment Tenor: 12 Months to 60 Months
Processing Fees: 0.75% to 2.50% + GST as applicable
Prepayment/ Foreclosure: Nil (After 12 months) or 1% - 4% (Before 12 months)

Illustration: Rs. 1 Lac loan on @10.75% with processing Fees for 60 Months comes to Rs. 1,29,708/- Equated Monthly Instalment shall be: Rs. 2,162/- only.

APR* - Annual Percentage Rate

The following people are eligible to Apply for Induslnd Bank Personal Loan:

Salaried Doctors, CAs, salaried employees of MNC, Private Ltd., Public sector undertakings, including central, state, and local bodies
Salaried Individuals between 21 and 60 years of age
Salaried Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer.
Those who earn a minimum of Rs. 25,000 net income per month.

Particulars	Salaried	Self Employed	Professional
Age(Min-Max)	21 To 60 Years	NA	21 To 60 Years
Minimum Income	Min. Rs. 30,000/- Monthly	NA	NA
Co-applicant	30,000	NA	NA
Loan Tenure	12 To 60 Months	NA	NA
Maximum Loan Amount	40 Lacs	NA	NA
Employment/Business Continuity	NA	NA	NA
CIBIL Score	Above 700	NA	NA

Documentation required for Salaried Individuals

Application Form with 2 Passport size Photo
Proof of Identity: PAN Card / Aadhaar Card, Valid Passport, Ration Card
Proof of Address: Valid Passport, Voter ID Card, Driving License, Latest Utility Bill.
3 Months Bank Statement of Salary Account
Latest 3 Month Salary Slips
Form 16 / Office I-Card
1 Year Job Continuity Proof

Post-sanction / Pre-Disbursement Documentation Required

Other documents required after approving the loan and before disbursing the amount. The documents are as follows:

Security Cheques required for SI and ECS
Loan Agreement duly signed by the customer
Document proof required from Borrower may change from case to case.
Qualification or Registration Proof is required for doctors, architects, CAs, ICWAs, CS, MBA Consultants, and Engineers.

Disclosures & Disclaimers

There are various factors to consider while taking a Personal Loan in order to assure the borrower gets the best possible deal. Factors such as:

* APR - Annual Percentage Rate: Annualized cost of borrowing Includes and shown as percentage:

Interest rate, Processing fees, Documentation fees and other fees

Loan Amount:1 Lac to 1 Cr
Rate of Interest (APR)*: Minimum :10.25% to Maximum: 18%
Repayment Tenor: Minimum: 12 Months to Maximum: 84 Months
Processing Fees: Min. Rs. 999/- + GST to Max. 4719/-
Prepayment/ Foreclosure:Nil (After 12 months) or 1% - 4% (Before 12 months)

Illustration

Rs. 1 Lac loan on @10.25% with processing Fees for 84 Months comes to Rs. 1,40,537/- Equated Monthly Installment shall be: Rs. 1,673/- only. Processing Fess 2 % Plus Stamp Duty Rs. 100/- to 500/- depending on State to State.

Disclaimer: www.easy-personal-loan.com is a loan aggregator and is authorized to provide services on behalf of its partners with best guaranteed deals

APPLY Induslnd BANK PERSONAL LOAN FOR 84 MONTHS @ 10.25%