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Indusind Bank Personal Loan of 50000
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IndusInd Bank personal loan ₹50,000 is a collateral-free credit opinion. I.e., the eligible applicant can secure the loan amount without the need to pledge any collateral or security. They can enjoy attractive interest rates, flexible repayment options, moderate eligibility criteria, and minimal documentation. Whether you need funds to cover unexpected medical expenses, much-needed holidays, or even buy gadgets, the bank has options and resources to disburse cash in a jiffy, catering to a wide range of people. To simplify your financial life, Urban Money provides this all-in-one guide about the ₹ {50,000 personal loan instant fund disbursement. We primarily cover details such as ₹50,000 loan interest rate, pertinent interest rates, eligibility criteria, required documentation, etc. Continue reading to learn more.
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Table of Content
Personal Loan Options for ₹50,000 in Indusind Bank
Let’s examine the key options or purposes that you can opt for an IndusInd Bank personal loan ₹50,000:
- Home Renovation
- Medical Expenses
- Debt Consolidation
- Education
- Travel
Features of Bank ₹50,000 Personal Loan
Let’s examine the applicable features of an instant ₹50,000 loan from IndusInd Bank:
- Collateral free
- Lower interest rates
- Minimal processing fees
- 100% digital application
- Quick fund disbursement
Can I Get ₹50,000 Personal Loan Instantly From Indusind Bank?
You can easily get a ₹50,000 personal loan instantly via Urban Money’s official website. As we are in alliance with 50+ leading lenders across India, including IndusInd Bank, you can check your eligibility, compare offers from other lenders, and select the one that best suits your needs. Once you submit the loan enquiry, our loan specialist will call and guide you until you receive the loan amount in your bank account. Thus, you can also expect the funds to be disbursed within a day.
What Is the EMI for ₹50,000 Loan?
Below are the ₹50,000 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 |
₹50,000 | 10.49% p.a. | 1 year | ₹4,407 | ₹2,884 | ₹52,884 |
₹50,000 | 10.49% p.a. | 2 years | ₹2,319 | ₹5,656 | ₹55,656 |
₹50,000 | 10.49% p.a. | 3 years | ₹1,625 | ₹8,500 | ₹58,500 |
₹50,000 | 10.49% p.a. | 4 years | ₹1,280 | ₹11,440 | ₹61,440 |
₹50,000 | 10.49% p.a. | 5 years | ₹1,074 | ₹14,440 | ₹64,440 |
₹50,000 | 10.49% p.a. | 5 years | ₹939 | ₹17,608 | ₹67,608 |
Eligibility Criteria ₹50,000 Loan in Indusind Bank
₹50,000 personal loan eligibility in IndusInd Bank is as follows
- Age: The minimum age to apply is 21, and the maximum age at loan maturity should be 60 or the retirement age, whichever is earlier.
- Income: You must have a minimum net monthly income of ₹25,000.
- Employment: You should have completed at least 2 years and 1 year in the current organisation.
- Residence: If you reside in a rented house, you should have completed a minimum of 1 year at the current residence.
Documents Required ₹50,000 Indusind Bank Loan
₹50,000 personal loan document in IndusInd Bank is as follows:
- Identity Proof: Aadhar card, Passport, Driving License, Voter ID, or any other government-issued identification document.
- Address Proof: Utility bills (electricity, water, gas), Passport, Aadhaar card, Driving License, or any other valid address proof document.
- Income Proof: Salary slips, bank statements, income tax returns, Form 16, or any other document that validates your income.
How to Apply for ₹50,000 Personal Loan From Urban Money
You can apply for an IndusInd Bank personal loan ₹50,000 as you follow the 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.”
- 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 ₹50,000 personal loans?
The bank ensures eligible applicants receive the funds within 24 hours.
What are the interest rate ranges for IndusInd Bank's ₹50,000 personal loans?
Interest rates for a ₹50,000 personal loan from IndusInd Bank start at 10.49% per annum.
Can I apply for an ₹50,000 IndusInd Bank personal loan online?
Yes, you can apply for a ₹50,000 personal loan via the Urban Money website.
Are there any hidden charges in IndusInd Bank's personal loan agreements?
IndusInd Bank’s personal loan can have additional costs beyond the interest rates. These may include fees such as Foreclosure Charges, Late Payment Fees, and Cheque Swapping Fees, among others. Therefore, it’s crucial to carefully review all terms and conditions before agreeing to the loan.