Indusind Bank Personal Loan of 2 Lakh

IndusInd Bank personal loan of 2 lakh is a quick and hassle-free credit option. Once you have submitted the loan application and the required documents, the cash will hit your bank account within a day or two. You can further secure the loan amount without pledging your assets as collateral. It is also recognised as a multi-purpose credit option. I.e., the bank is ready to disburse funds for any of your financial needs, including home renovation, medical emergency, marriage, holiday, car repair, etc. You can also benefit from competitive interest rates, flexible repayment options, moderate eligibility criteria, and quick fund disbursement. To know more about this remarkable credit option, continue to scroll down. Hereunder, we present a detailed overview of the instant 2 lakh loan from IndusInd Bank. 

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Written By
Amrita Sinha
Amrita Sinha
Amrita Sinha comes with a background in journalism and mass communication, drawing from her roots in journalism, she has found her voice in the world of finance. As an accomplished writer, she specialises in Financial Services, Mutual Funds, Loan Assessments, Banking & Loan Products. She has established herself as a reliable expert in the field, offering valuable advice to those looking to navigate the various aspects of personal finance.
Reviewed By
Amit Prakash Singh
Amit Prakash Singh
Co-Founder, Square Yards & Chief Business Officer, Urban Money
Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

Personal Loan Options for 2 Lakh in IndusInd Bank

Below are the major options or purposes that you opt for a 2 lakh personal loan instant fund disbursement: 

  • Medical Treatment: For urgent healthcare needs or medical procedures.
  • Home Upgrade: To address immediate repairs or renovations in your home.
  • Educational Purposes: To pay for tuition or other education-related expenses.
  • Vehicle Repair: For unexpected vehicle maintenance or repairs.
  • Fund Expenses: To fund travel plans for leisure or emergency travel.
  • Big Purchase: To buy electronics or appliances that you need right away.

Features of IndusInd Bank 2 Lakh Personal Loan

Here are the expected features of an instant 2 lakh loan from IndusInd Bank:

  • Streamlined Application: A 100% paperless online process for simplicity and speed.
  • Instant Approval: No need for in-person branch visits or physical documentation.
  • Competitive Interest Rates: Loans are available at competitive rates, starting as low as 10.49%.
  • No Collateral: There’s no requirement for collateral or guarantors.
  • Flexible Loan Amounts: Loan amounts range from ₹30,000 to ₹5 lakh.
  • Convenient Repayment Options: Flexible repayment tenure options starting from 12 to up to 72 months.

Can I Get a 2 Lakh Personal Loan Instantly From IndusInd Bank?

You can obtain a 2 lakh personal loan instantly through Urban Money’s official website. In partnership with over 50 top lenders in India, such as IndusInd Bank, you can compare various offers, verify eligibility, and choose the most suitable one for your requirements. After you have submitted your loan inquiry, a loan specialist from our team will contact you to guide the process until the loan amount is deposited into your account. Consequently, you can anticipate the disbursement of funds within a day.

What Is the EMI for a 2 Lakh Loan?

Here are the 2 lakh personal loan EMI, with loan tenures ranging from 1 year to 5 years: 

Loan Amount Interest Rate Loan Tenure EMI Amount Interest Payable Total Amount Payable
2 Lakh 10.49% p.a. 1 year ₹17,629 ₹11,548 ₹2,11,548
2 Lakh 10.49% p.a. 2 years ₹9,274 ₹22,576 ₹2,22,576
2 Lakh 10.49% p.a. 3 years ₹6,500 ₹34,000 ₹2,34,000
2 Lakh 10.49% p.a. 4 years ₹5,120 ₹45,760 ₹2,45,760
2 Lakh 10.49% p.a. 5 years ₹4,298 ₹57,880 ₹2,57,880
2 Lakh 10.49% p.a. 5 years ₹3,755 ₹70,360 ₹2,70,360

Eligibility Criteria 2 Lakh Loan in IndusInd Bank

Here are the 2 lakh personal loan eligibility for IndusInd Bank:

Age Limit  12 – 60 year old
Income Requirement  ₹25,000 per month
Working Experience  2 years of experience 
Residence Period  Resided at your current address for 1 year.
Nationality  Indian 

Documents Required 2 Lakh IndusInd Bank Loan

Here are the 2 lakh personal loan documents from IndusInd Bank: 

Identity Proof Aadhar card, Passport, Driving License, or Voter ID
Address Proof Utility bills, Passport, Aadhar card, and Driving License
Income Proof Salary slips, bank statements, tax returns, and Form 16

How to Apply for a 2 Lakh Personal Loan From Urban Money

Here is the step-by-step process to apply for an IndusInd Bank personal loan of 2 lakh : 

  • 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.”
  • Scroll down to locate a list of leading banks/NBFCs in India.
  • Find “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.

Frequently Asked Question (FAQs)

How long does it take for IndusInd Bank to approve 2 lakh personal loans?

IndusInd Bank personal loan of 2 lakh can be approved within a day or two.

What are the interest rate ranges for IndusInd Bank's 2 lakh personal loans?

The interest rate for a 1 lakh personal loan from IndusInd Bank starts at 10.49% p.a. and can vary depending on your income profile and creditworthiness.

Can I apply for a 2 lakh IndusInd Bank personal loan online?

You can apply for a 2 lakh personal loan via the Urban Money website and receive the loan amount within 24 hours.

Are there any hidden charges in IndusInd Bank's personal loan agreements?

In addition to the interest rates, certain charges are associated with the IndusInd Bank’s personal loan. These can include Foreclosure Charges, Late Payment Charges, Cheque Swapping Charges, etc. Thus, it’s advisable to carefully review the terms and conditions before signing the agreement.

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