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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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
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Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

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.

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