Indian Bank Personal Loan of 1 lakh

Indian Bank's personal loan offers flexibility to fulfil various personal or professional needs, whether treating yourself to a trip abroad, gifting your partner a piece of valuable jewellery, or putting a downpayment on your car. No collateral or security is required to avail of the personal loan. The scheme comes with affordable interest rates, pocket-friendly EMIs, and a straightforward application process, ensuring convenience for applicants. Additionally, Urban Money provides a comprehensive guide to obtaining a quick ₹1,00,000 personal loan, covering all important aspects like interest rates, eligibility criteria, required documentation, and more, making financial management easier. Keep reading to discover all the essential details!

Personal Loan Options for Rs 1 Lakh in Indian Bank

Let us take a look at some of the options available for individuals who wish to avail of a Rs 1 Lakh Personal Loan from Indian Bank:

• Indian Bank Home Loan: This type of loan offered by Indian Bank allows the applicant to avail funds from the Indian Bank at attractive interest rates. This allows the applicant to buy a home without worrying about their pockets.
• Indian Bank Clean Loan to Salaried Class: Salary loans from Indian banks are a helping hand for those with steady jobs. They’re quick to apply for and don’t require any collateral.
• Indian Bank Pension Loan: Indian Bank’s Pension Loan is a lifeline for retired individuals who require financial support. 
• Indian Bank Jewel Loan: Indian Bank’s Jewel Loan is a secure option for those needing immediate funds. It helps you leverage your gold assets without needing extensive documentation.

Features of Indian Bank Rs 1 Lakh Personal Loan

The following are the features of the Indian Bank Personal Loan Schemes:

• Versatile credit alternatives
• Interest rates from @10.90% onwards
• The repayment period extends up to 7 years
• Immediate fund distribution
• Effortless online application procedure
• No need for collateral

Get 1 Lakh Personal Loan Instantly From Indian Bank

You can conveniently request a fast ₹1,00,000 loan from Indian Bank through the Urban Money website. You can explore all available loan options, assess your eligibility, calculate monthly payments, and select the most suitable one from the website. Subsequently, one of our personal loan specialists will reach out to guide you through the remainder of the application process.

EMI on Rs 1 Lakh loan from the Indian Bank

At a competitive interest rate of 10.90% per annum, the following table provides an accurate breakdown of monthly EMIs based on the duration of the loan repayment:

Criteria for Qualifying for a Rs 1 Lakh Loan from Indian Bank

The applicant needs to meet the following criteria to be eligible for a Rs 1 Lakh Personal Loan from Indian Bank:

• Employment: Possess at least two years of work or business experience, with at least one year in your current employment or business venture.
• Experience: A minimum of 1 year of experience is necessary.
• Income: Maintain a monthly income ranging from Rs 4000 to Rs 20,000.
• Age: Applicants aged between 21 and 65 years are eligible to apply.
• Credit Score: A preferred credit score of 750.

Documents Required for Rs 1 Lakh loan from Indian Bank

The following documents are required to be submitted while applying for a Rs 1 Lakh Personal Loan from Indian Bank:

• Proof of Income: This may include your salary slips for the past six months detailing all deductions or the most recent Form 16. Your employer must properly verify the evidence of income.
• Employment Verification: This could include a copy of your employment contract, employee identification number, or a photo identity card issued by your employer, among other documents.
• Permanent Account Number (PAN Card): A PAN card is mandatory to qualify for an Indian Bank personal loan.
• KYC Documents: These might require your Aadhar Card, Passport, Voter ID, Ration Card, Driver’s License, etc.

Apply for a Rs 1 Lakh Personal Loan from Urban Money

Below are the steps to apply for a ₹1,00,000 personal loan from Indian Bank:

• Visit the official Urban Money website. (https://www.urbanmoney.com/banks-in-india/indian-bank/personal-loan)
• Go to the “Loan” section and select “Personal Loan.”
• You’ll be directed to a page dedicated to Personal Loans, featuring leading lenders across India.
• Click the “Apply Now” button next to the “Indian Bank” logo.
• Fill out a brief online form with your name, mobile number, and city.
• Upon submission, you’ll receive a 6-digit OTP on your mobile device. Enter it into the form and click “Submit.”
• Expect a phone call from one of our loan specialists.