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Written By

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.

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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.

Induslnd Flexi Loan is a versatile financial product catering to the varying loan requirements of customers. It offers a credit line ranging from Rs. 30,000 to Rs. 50 lakhs with flexible repayment options of up to 6 years. Moreover, the bank offers attractive interest rates starting from 10.49% p.a. and minimal documentation requirements, making it an ideal choice for customers looking for a hassle-free borrowing option.

Features and Benefits of Induslnd Flexi Personal Loans

Here are some of the features and benefits of of the Induslnd flexible personal loan.

Easy and minimal documentation.
Hassle-free online processing.
Quick loan approval and disbursal.
Flexible loan tenure between 1-6 years.
Convenience of doorstep services.
No collaterals or guarantors required.

Induslnd Interest Rate for Flexi Personal Loan

The current flexi loan interest rate offered by Induslnd Bank ranges from 10.49% – 26%. The applicable interest rate on your flexi pay personal loan will depend on loan tenur, amount and credit score.

Flexi Loan EMI Calculator-

The Flexi Loan EMI Calculator is a convenient online tool that you can use to estimate your borrowing and repayment capacity. All you have to do is enter a few key information such as, interest rate, tenure and loan amount. Just click on calculate and you will receive instant estimates of monthly EMIs on your Induslnd flexible personal loan.

Eligibility Criteria

The Induslnd flexi loan eligibility criteria varies depending on the applicants employment status. Here are the eligibility criteria for Induslnd flexi loan for salaried employees and non-salaried applicants.

Salaried	Self-employed Professionals	Self-employed Individuals
Minimum age to apply for personal loan should be 21 years.	Minimum age to apply for personal loan should be 25 years	Minimum age to apply for personal loan should be 25 years
Maximum age at personal loan maturity should be 60 years or retirement age whichever is earlier.	Maximum age at loan maturity should be 65 years	Maximum age at loan maturity should be 65 years
Minimum net monthly income should be Rs.25000 for personal loan online application.	Minimum annual net income post tax should be Rs.4.8 lakh	Minimum annual net income post tax should be Rs.4.8 lakh
Should have completed minimum 2 years in employment and minimum 1 year in the current organisation.	Should have 4 years of post qualification experience	Should have 5 years of post qualification experience
Should have completed minimum 1 year of stay at the current residence, if rented.

Documents Required for an Induslnd Flexi Personal Loan

Here is a list of Induslnd flexi loan document requirements for different categories of applicants.

Salaried	Self-employed Professionals	Self-employed Individuals
Proof of Identity	Proof of Identity	Proof of Identity
KYC – Valid identity/Residence/Signature proof	KYC – Valid identity/Residence/Signature proof	KYC – Valid identity/Residence/Signature proof
Form 16/ITR for last 3 years	Form 16/ITR for last 3 years	Form 16/ITR for last 3 years
Latest 3 months salary slip	Latest 3 months salary slip	Latest 3 months salary slip
Latest 3 months’ Salary Credit Bank Statement.	Latest 6 months Practice Current Account and latest 3 months’ Primary Savings Bank Statement.	Latest 6 months Practice Current Account and latest 3 months’ Primary Savings Bank Statement.

Difference between Term Loan and Flexi Loan

The core aspect which sets apart the Induslnd flexi loan from Term Loans is the flexibility of loan terms. Term Loans are strictly bound by agreed-upon terms between the creditor and the debtor. On the other hand, the flexi pay personal loan allows for much more flexibility in terms of tenure, loan withdrawal and EMIs.

How to Apply for an Induslnd Flexi Personal Loan Online at Urbanmoney?

Customers looking for an instant loan to resolve cash crunches can choose the Induslnd flexi loan and apply online on Urbanmoney. Customers need to follow a few simple steps to apply for the flexi personal loan.

Head to the personal loans section on Urban Money website.
Select Induslnd Bank and enter query details.
Enter the Loan Amount, Monthly Net Salary, Estimated EMIs and Tenure
Send your request and wait for approval.

Frequently Asked Questions (FAQs)

What is an Induslnd flexi loan?

The Induslnd flexi loan is an instant financial solution with flexible repayment terms.

What is the Induslnd Flexi limit?

Induslnd Bank offers a Flexi limit of Rs. 30,000 to Rs. 50 lakhs.

Is the Flexi loan registered with RBI?

Yes, the Induslnd flexi loan is registered with RBI.

How is Induslnd Flexi EMI calculated?

The EMI amount on your Induslnd flexi loan is calculated using a formula that takes into account the principal amount, the interest rate, and the tenure.

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