Induslnd Bank offers personal loans up to Rs. 50 lakh at attractive interest rates, making it a popular choice among individuals looking for financial assistance. With a fast approval process and flexible repayment options, Induslnd Bank provides an instant online personal loan experience.
Features of Induslnd Bank Personal Loans:
Loan Amount: The loan amount offered by Induslnd Bank ranges from Rs. 30,000 to Rs. 50 Lacs, catering to the varying financial needs of individuals.
Fast Approval: Induslnd Bank offers a 100% digital process for personal loan applications, resulting in a fast approval process.
Low Interest Rate: The interest rate on Induslnd Bank personal loans is competitive, making it a cost-effective option for those seeking financial assistance.
Target Audience:
Induslnd Bank personal loans cater to individuals who meet the following criteria:
Age: 21 years and above
Employment Type: Salaried and Self Employed Individuals
Income:
For Salaried: Rs. 25,000 per month
For Self Employed Professionals: Rs. 48 lakh annual
For Self Employed Individuals: Rs. 4.8 lakh annual
Credit Score: 700+
Documents Required:
To apply for an Induslnd Bank personal loan, the following documents are required:
Proof of Identity: Aadhar card, PAN, Passport
Income Proof: Form 16/ITR for last 3 years, latest 3 months salary slip
How to Apply:
To apply for an Induslnd Bank personal loan, follow the below steps:
Click on the link and you will be taken to the Induslnd Bank webpage.
Enter your PAN number, mobile number, email id, current pincode and click on Verify Mobile Number.
Enter the OTP sent to your mobile number and continue.
Add loan requirement amount, tenure and click Next.
Enter personal details such as net monthly income, nationality, date of birth, employment type, etc.
Enter Aadhaar number or Virtual ID to initiate e-KYC and proceed.
Verify current address and continue.
Add work details such as company name, industry type, duration in the current organization, etc. and verify.
If you are eligible, you will receive a pre-approved limit message on screen.
Select the loan amount, repayment tenure, interest rate, EMI and proceed.
Add bank details such as account number, bank name, IFSC code, etc.
Complete the video KYC process.
Check the loan agreement along with the terms and conditions.
E-sign the loan agreement using an OTP sent to the registered mobile number.
Setup auto repayment mandate.
Once your personal loan is approved, the cash will be transferred to your savings account. Make sure to use the same mobile number linked with Aadhaar card throughout the process.
Conclusion:
Induslnd Bank personal loans offer a hassle-free and cost-effective solution for individuals seeking financial assistance. With attractive interest rates, fast approval process, and flexible repayment options, Induslnd Bank personal loans are an ideal choice for meeting your financial needs.