Indian Bank Personal Loan of 6 lakh

Indian Bank personal loan of 6 lakh is a collateral-free credit option. You can receive the necessary funds without pledging any asset as collateral, catering to a wide range of customers. You can expect to receive the loan within 2 to 7 days, which is ideal for those seeking urgent financial assistance. Moreover, this instant 6 lakh loan from Indian Bank features lower interest rates, flexible repayment plans, moderate eligibility criteria, and minimal documentation, ultimately making it a more cost-effective and borrower-friendly credit option. Read on to learn more about a 6 lakh personal loan with instant fund disbursement. Urban Money offers a complete overview of this remarkable credit option. We primarily detail a 6 lakh loan interest rate, associated fees, expected EMI, eligibility, documentation, and more. Let’s scroll down. 

Personal Loan Options for 6 Lakh in Indian Bank

Here are the typical options that people avail of a 6 lakh personal loan with instant fund disbursement:

• Home Improvement: You can renovate or make repairs to your home.
• Education: You can fund higher education for yourself or family members.
• Medical Expenses: You can cover medical treatments or emergencies.
• Wedding: You can finance wedding expenses, including the honeymoon.  
• Vehicle Purchase: You can make a down payment or purchase a vehicle outright.
• Debt Consolidation: You can combine multiple debts into one loan with a lower interest rate.

Features of Bank 6 Lakh Personal Loan

Following are the applicable features of an instant 6 lakh loan from Indian Bank: 

• Loan Amount: Up to ₹6 Lakh or more based on your financial profile. 
• Interest Rates: Competitive rates starting from 10.90% to 11.40% p.a.
• Processing Fees: Affordable processing fees typically can be up to 1% of the loan amount.
• Tenure: Flexible repayment options with a tenure of up to 84 months.
• Collateral: These loans are usually unsecured, so no collateral is required.
• Documentation: Minimal documentation for a hassle-free application process.
• Online Application: Convenience of applying online via the official website of Urban Money.
• Disbursal: Funds are quickly disbursed upon approval, sometimes even within a few hours, if all documents are correct and verified.

Can I Get a 6 Lakh Personal Loan Instantly From Indian Bank?

Yes, Urban Money helps you obtain an Indian Bank personal loan of 6 lakh. We offer an online platform where you can compare different credit solutions, determine your eligibility, calculate your anticipated monthly EMI, and apply for the one that best suits your needs. Afterwards, a personal loan specialist from our team will contact you and guide you through the application process until the loan amount is deposited into your account. Typically, you can expect the fund disbursement within two days.

What Is the EMI for a 6 Lakh Loan?

Following are the expected 6 lakh personal loan EMI for varying loan tenures: 

Eligibility Criteria 6 Lakh Loan in Indian Bank

6 lakh personal loan eligibility with Indian Bank are as follows: 

• Age Limit: Your age must fall somewhere between 21 and 60 years. 
• Income Requirement: You can obtain a maximum loan amount of up to 20 times your monthly gross salary.
• Credit Score: You must have a positive repayment history and a good credit score, preferably 700 or above. 
• Nationality: You must be born and reside in India. 

Documents Required 6 Lakh Indian Bank Loan

6 Lakh personal loan documents with Indian Bank are as follows: 

• KYC Documents: PAN card, aadhaar card, ration card, passport, driver’s license, Voter ID, etc.  
• Employment Documents: Job offer letter, photo identification card issued by the employer, employee number, etc.
• Income Documents: Last 6 months’ salary slips, the latest form 16/income tax returns.

How to Apply for 6 Lakh Personal Loan From Urban Money

Following are the applicable steps to apply for an Indian Bank personal loan of 6 lakh:

• Navigate to the official Urban Money website.
• Select “Loan” from the menu and choose the “Personal Loan” option.
• You will be directed to a page titled “Personal Loan,” featuring a list of leading banks in India.
• Locate the “Indian Bank” section and click the “Enquire Now” button.
• A brief online form will appear where you must enter your name, mobile number, and city.
• You will receive a 6-digit OTP on your mobile phone. Input this OTP and press the “Submit” button.
• A loan specialist from our team will contact you within the same day to assist you through the application process until the loan amount is deposited into your account.