IndusInd Bank - Types of IndusInd Bank Personal Loans

IndusInd Bank offers a smooth resolution of financial problems with IndusInd Bank personal loans. These loans can be used to cover medical bills, wedding expenses, international vacation expenses, or debt consolidation. IDBI personal loans do not require any security or collateral and are hassle-free with an easy application process. mymoneykarma gives you all the information you need on IndusInd Bank personal loans.

Benefits of IndusInd Bank Personal Loans

IndusInd Bank personal loans are loaded with customer-centric benefits and features. Here are a few highlights of IndusInd Bank personal loans.

• Significant loan amounts ranging from a minimum of Rs 50,000 to a maximum of Rs 15 lakhs. The loan amount depends on the applicant's repayment capability, credit score, credit history, and yearly income.
• Loan tenures ranging from a minimum of 12 months and a maximum period of five years.
• Affordable interest rates starting from 10% per annum.
• Loans available for salaried individuals, public and private company employees, and government employees.
• Special offers if the applicant is an existing customer of IndusInd Bank.
• Various feasible repayment channels such as NEFT, post-dated cheques, and online banking.
• Facility of personal loan transfer from other banks to IndusInd Bank.
• Simplified loan application and approval process with minimal documentation.
• Dedicated 24/7 customer service desk for query resolution.

Types of IndusInd Bank Personal Loans

IndusInd Bank offers the following types of personal loans
Personal Loans For Education

These personal loans from IndusInd Bank can be used for financing children’s education and further studies in India and abroad.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 21-60 years for salaried individuals.
• Minimum work experience of 2 years with 1 year at the current organization.
• Minimum stay of 1 year at current residence.
• An age range of 25-65 years for self-employed individuals.
  

Personal Loans for Wedding

These personal loans from IndusInd Bank can be used to cover the costs of a wedding in the family or of the applicant.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 21-60 years for salaried individuals.
• Minimum work experience of 2 years with 1 year at the current organization.
• Minimum stay of 1 year at current residence.
• An age range of 25-65 years for self-employed individuals.
  

Personals Loans for Home Renovation

These personal loans from IndusInd Bank can be used much like a home loan, to upgrade or renovate the applicant’s house.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 21-60 years for salaried individuals.
• Minimum work experience of 2 years with 1 year at the current organization.
• Minimum stay of 1 year at current residence.
• An age range of 25-65 years for self-employed individuals.
  

Personal Loans for Medical Expenses

These personal loans from IndusInd Bank can be used to mitigate costs of medical treatments, surgeries and other medical emergencies for parents, other family member, or the applicant itself..

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 21-60 years for salaried individuals.
• Minimum work experience of 2 years with 1 year at the current organization.
• Minimum stay of 1 year at current residence.
• An age range of 25-65 years for self-employed individuals.
  

Personal Loans for Balance Transfer

These personal loans from IndusInd Bank can be used to reduce the costs of interest for other loans that have been transferred from other banks.

Eligibility Criteria

• Minimum income of Rs 25,000 per month.
• Sound repayment capability and a good credit score.
• Loans available only to salaried customers.
• An age range of 21-60 years for salaried individuals.
• Minimum work experience of 2 years with 1 year in the current organization.
• Minimum stay of 1 year at current residence.
• An age range of 25-65 years for self-employed individuals.