Indusind Bank Personal Loan of 9 Lakh

Getting an IndusInd Bank personal loan of 9 lakh is a straightforward process. Namely, you can apply for and secure the required cash online, eliminating the need to visit bank branches. As it is categorised as a collateral-free credit option, the bank does not demand you to pledge any of your assets as collateral. Moreover, the bank offers more attractive interest rates, flexible repayment plans, moderate eligibility criteria, minimal documentation, and quick loan approval, making it ideal for those who seek funds to meet their urgent financial needs. Nevertheless, you should be aware of certain things before finalising your decision. These include a 9 lakh loan interest rate, expected EMIs, associated fees, eligibility, documentation, etc. Let’s scroll down.

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Written By
Utsah Sharma
Utsah Sharma
Utsah Sharma is a seasoned financial expert with a Master’s Degree in Commerce specialising in Financial Services, Investments, Loan Assessments, Mutual Funds, Banking & Loan products. Drawing on her experience, she has established herself as a trusted voice, providing invaluable insights and guidance to seasoned investors and beginners. She is committed to breaking down the complexities of everything finance.
Reviewed By
Piyush Bothra
Piyush Bothra
Chief Financial Officer, Square Yards
Piyush Bothra is the Chief Financial Officer at Square Yards, bringing over two decades of rich experience in finance and leadership. He is an MBA graduate from the prestigious IIM Lucknow and holds a BE in Information Technology from Sardar Vallabhbhai Patel Institute of Technology. He has played pivotal roles in scaling businesses and driving financial strategies. At Square Yards since 2015, Piyush is known for his strategic vision, strong financial knowledge, and valuable financial insights, significantly contributing to the company's growth and success.

Personal Loan Options for 9 Lakh in IndusInd Bank

Following are the certain major options you can choose for an IndusInd Bank personal loan of 9 lakh: 

  • Home Renovation
  • Debt Consolidation
  • Medical Emergency 
  • Marriage Expenses  
  • Big Purchases 

Features of IndusInd 9 Lakh Personal Loan

Following are the key features of a 9 lakh personal loan instant fund disbursement:

  • Multi-purpose credit option
  • No collateral required 
  • Attractive interest rates
  • Personalised repayment plans
  • Quick fund disbursement

Can I Get a 9 Lakh Personal Loan Instantly From IndusInd Bank?

Urban Money enables you to obtain an instant 9 lakh loan from IndusInd Bank. As an online platform, we feature over 50 top lenders across India, allowing you to compare and select the most suitable loan option for your needs. Upon receiving your loan application, a dedicated loan specialist from our team will contact you to assist and guide you through the entire process. Thus, you can expect the funds to be disbursed within 24 hours. 

What Is the EMI for a 9 Lakh Loan?

Let’s examine the expected 9 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
10 Lakh 10.49% p.a. 1 year ₹79,330 ₹51,960 ₹9,51,960
10 Lakh 10.49% p.a. 2 years ₹41,734 ₹1,01,616 ₹10,01,616
10 Lakh 10.49% p.a. 3 years ₹29,248 ₹1,52,928 ₹10,52,928
10 Lakh 10.49% p.a. 4 years ₹23,039 ₹2,05,872 ₹11,05,872
10 Lakh 10.49% p.a. 5 years ₹19,340 ₹2,60,400 ₹11,60,400

Eligibility Criteria 9 Lakh Loan in IndusInd Bank

9 lakh personal loan eligibility IndusInd Bank is as follows: 

  • Age: The applicant should be between 21 and 60 years old.
  • Income: The applicant should have a minimum income of ₹25,000 per month.
  • Work Experience: The applicant must possess at least 2 years of experience.
  • Credit Score: The applicant should have a credit score of 700 or higher  
  • Nationality: The applicant should be an Indian citizen.

Documents Required 9 Lakh IndusInd Bank Loan

9 lakh personal loan documents IndusInd Bank are as follows:

  • Proof of Identity: PAN card, Driving license, Passport, or Aadhaar card.  
  • Proof of Address: Utility Bills, Ration Card, or Voter’s ID.
  • Proof of Income: Salary Slip, Form 16/Income Tax Returns, or Bank Statement. 

How to Apply for a 9 Lakh Personal Loan From Urban Money

The application process for an IndusInd Bank personal loan of 9 lakh is shown below:

  • Go to the official website of the Urban Money.
  • Select “Personal Loan” from the “Loan” menu on the homepage.
  • You’ll be redirected to a page titled “Personal Loan.”
  • Scroll down to locate “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 within a day.

Frequently Asked Question (FAQs)

How long does it take for IndusInd Bank to approve a 9 lakh personal loan?

You can expect the fund disbursement within 2 days.

What are the interest rate ranges for IndusInd Bank's 9 lakh personal loans?

The IndusInd Bank personal loan interest rate of 9 lakh begins at just 10.49% p.a.

Can I apply for a 9 lakh IndusInd Bank personal loan online?

You can apply for a 9 lakh personal loan via the Urban Money website.

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

In addition to the interest rates, certain charges are associated with the instant 9 Lakh loan from IndusInd Bank. These can include Foreclosure Charges, Late Payment Charges, Cheque Swapping Charges, etc. Hence, it’s advisable to carefully review the terms and conditions before finalising your decision.

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