Indusind Bank Personal Loan of 1 Lakh

IndusInd Bank personal loan of 1 lakh is a multi-purpose credit option. Whether you want to consolidate your debts, renovate your home, pay medical bills, make big purchases, or travel, the bank ensures eligible applicants can get the cash within the same business day or the next. You can apply for and secure the funds online. This ultimately enables you to avoid visiting bank branches and submitting physical documentation, making it a more borrower-friendly credit option. However, you should know certain factors before applying, including the applicable interest rates, eligibility criteria, required documents, etc. Let’s scroll down to learn more. 

Personal Loan Options for 1 Lakh in IndusInd Bank

Following are the key options or purposes you can opt for an IndusInd Bank personal loan of 1 lakh:

• Home Renovation: Upgrade your home by renovating it to perfection with the loan.
• Medical Expenses: Cover medical expenses that may not be covered by insurance.
• Debt Consolidation: Consolidate multiple debts into a single loan for better rates and easier management.
• Education: Provide financial assistance for education-related expenses.
• Travel: Fund your dream vacation or necessary travel plans.

Features of IndusInd Bank 1 Lakh Personal Loan

Following are the applicable features of an instant 1 lakh loan from IndusInd Bank: 

• Attractive interest rates
• No collateral required 
• Lower processing fees
• Digital application
• Quick fund disbursement 

Can I Get a 1 Lakh Personal Loan Instantly From IndusInd Bank?

You can apply through the official website of Urban Money and get access to a 1 lakh personal loan instantly. As India’s largest Fintech platform, we host more than 50 top lenders across India, allowing you to compare all your options and choose the one that fits your needs best. Once you’ve applied for the loan, our loan specialist will contact and assist you until the loan funds are transferred to your bank account.

What Is the EMI for a 1 Lakh Loan?

Following are the 1 lakh personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Eligibility Criteria 1 Lakh Loan in IndusInd Bank

Following are the 1 lakh personal loan eligibility with IndusInd Bank:

• You must be somewhere between 21 and 60 years old.
• You must have a minimum income of ₹25,000 per month. 
• You must have at least 2 years of working experience. 
• You must have resided a minimum of 1 year at the current residence.

Documents Required 1 Lakh IndusInd Bank Loan

Following are the 1 lakh personal loan documents with IndusInd Bank:

• Identity Proof such as an Aadhar card, Passport, Driving License, or Voter ID.
• Address Proof such as Utility bills, Passport, Aadhar card, and Driving License.
• Income Proof, such as 3-month salary slips and bank statements, 3-year income tax returns, and Form 16.

How to Apply for 1 Lakh Personal Loan From Urban Money

Following is the application process for an IndusInd Bank personal loan of 1 lakh:

• Go to the Urban Money official website.
• Tap “Loan” and select the “Personal Loan” option.
• You will be directed to a new page titled “Personal Loan.”
• An array of leading banks across India will appear as you scroll down. 
• Locate “IndusInd Bank” and click the “Apply Now” button.
• A brief online form will appear on your display.
• Enter your name, mobile number, and city.
• You will receive a 6-digit OTP on your phone.
• Input the OTP and click the “Submit” button.
• A loan expert from Urban Money will contact you within a day.