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Indusind Bank Personal Loan of 2 Lakh
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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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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?
What are the interest rate ranges for IndusInd Bank's 2 lakh personal loans?
Can I apply for a 2 lakh IndusInd Bank personal loan online?
Are there any hidden charges in IndusInd Bank's personal loan agreements?
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