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Indusind Bank Personal Loan of 10 Lakh
The IndusInd Bank personal loan of 10 lakh is a collateral-free credit option. This means you can secure the necessary funds without pledging your assets as collateral or security. Eligible applicants can expect to receive the loan amount on the same day of application, making it a more borrower-friendly credit option. The bank further offers more competitive interest rates, flexible repayment options, easy-to-meet eligibility criteria, and minimal documentation, enriching the overall appeal. For more detailed information, continue to scroll down. Hereunder, we present a detailed overview of a 10 lakh loan’s interest rate, expected EMIs, other associated fees, application processes, and more. Let’s dive in.
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Table of Content
The IndusInd Bank personal loan of 10 lakh is a collateral-free credit option. This means you can secure the necessary funds without pledging your assets as collateral or security. Eligible applicants can expect to receive the loan amount on the same day of application, making it a more borrower-friendly credit option. The bank further offers more competitive interest rates, flexible repayment options, easy-to-meet eligibility criteria, and minimal documentation, enriching the overall appeal. For more detailed information, continue to scroll down. Hereunder, we present a detailed overview of a 10 lakh loan’s interest rate, expected EMIs, other associated fees, application processes, and more. Let’s dive in.
Personal Loan Options for 10 Lakh in IndusInd Bank
Here are certain popular options or reasons that you can opt for a 10 lakh personal loan instant fund disbursement:
- Medical emergencies: To cover unexpected healthcare costs.
- Home renovation: To improve or repair your existing home.
- Marriage: To fund wedding-related expenses.
- Vacation and travel: To finance trips and holidays.
- Debt repayment: To consolidate or pay off existing debts.
- Unexpected expenses: Any sudden financial needs that may arise.
Features of IndusInd 10 Lakh Personal Loan
Here are the applicable features of an instant 10 lakh loan with IndusInd Bank:
- No collateral required
- Lower interest rates
- Flexible repayment plans
- Digital application
- Instant fund disbursement
Can I Get a 10 Lakh Personal Loan Instantly From IndusInd Bank?
You can get an IndusInd Bank personal loan of 10 lakh online via Urban Money. We operate as an online platform hosting over 50 leading lenders throughout India, which allows you to compare all available options and apply for the one that best suits your needs. Once we receive your loan enquiry, our loan specialist will contact and guide you until the loan amount hits your bank account.
What Is the EMI for a 10 Lakh Loan?
Following are the applicable 10 lakh personal loan EMI, with varying loan tenure:
Loan Amount | Interest Rate | Loan Tenure | EMI Amount | Interest Payable | Total Amount Payable |
10 Lakh | 10.49% p.a. | 1 year | ₹88,144 | ₹57,728 | ₹10,57,728 |
10 Lakh | 10.49% p.a. | 2 years | ₹46,371 | ₹1,12,904 | ₹11,12,904 |
10 Lakh | 10.49% p.a. | 3 years | ₹32,498 | ₹1,69,928 | ₹11,69,928 |
10 Lakh | 10.49% p.a. | 4 years | ₹25,599 | ₹2,28,752 | ₹12,28,752 |
10 Lakh | 10.49% p.a. | 5 years | ₹21,489 | ₹2,89,340 | ₹12,89,340 |
Eligibility Criteria 10 Lakh Loan in IndusInd Bank
10 lakh personal loan eligibility IndusInd Bank is as follows:
Age Limit | 21 to 60 years |
Employment Status | Salaried/Self-employed |
Income Requirement | ₹25,000 per month |
Work Experience | 2 year |
Credit Score | 700 or higher |
Nationality | Indian |
Documents Required 10 Lakh IndusInd Bank Loan
10 lakh personal loan documents IndusInd Bank are as follows:
KYC Document | PAN card, Driving license, Passport, or Aadhaar card |
Residential Document | Utility Bills, Passport, Ration Card, or Voter’s ID |
Income Document | Salary Slip, Form 16/Income Tax Returns, or Bank Statement |
How to Apply for a 10 Lakh Personal Loan From Urban Money
To apply for an IndusInd Bank personal loan of 10 lakh, you need to follow these simple steps given below:
- Visit the Urban Money website.
- Select “Personal Loan” from the “Loan” menu on the homepage.
- You’ll be redirected to a page titled “Personal Loan.”
- Locate “IndusInd Bank” and click the “Apply Now” button.
- A short online form will appear on your screen.
- Fill in your name, mobile number, and city.
- You’ll receive a 6-digit OTP on your phone.
- Enter the OTP and hit the “Submit” button.
- A loan specialist from our team will contact you shortly.
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Frequently Asked Question (FAQs)
How long does it take for IndusInd Bank to approve a 10 lakh personal loan?
The fund disbursement typically occurs in 1 or 2 days.
What are the interest rate ranges for IndusInd Bank's 10 lakh personal loans?
The interest rate of an IndusInd Bank personal loan of 10 lakh starts at 10.49% p.a.
Can I apply for a 10 lakh IndusInd Bank personal loan online?
You can apply for a 10 lakh personal loan through the Urban Money website.
Are there any hidden charges in IndusInd Bank's personal loan agreements?
Besides the interest rates, the bank may impose fees, such as processing fees, loan prepayment charges, and late payment penalties. Hence, it’s advisable to carefully review the terms and conditions of your loan before finalising the loan agreement.