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Indusind Bank Salaried Employee Personal loan

Indusind Bank Salaried Employee Personal loan

The IndusInd Bank salaried employee personal loan is a multi-purpose credit option. The bank is ready to disburse funds on time, whether you need cash to cover an unannounced medical emergency, give a much-needed home renovation, or even purchase a gadget. Keep scrolling down to learn more about this remarkable credit option. Hereunder, Urban Money offer a detailed overview of an IndusInd Bank salaried employee personal loan online. Let’s dive in.

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Table of Content

1. IndusInd Bank Personal Loan for Salaried Employee Highlights

2. Compare Salaried Employee Loans From Other Banks

3. IndusInd Bank Personal Loan for Salaried Employee Fees and Charges

4. IndusInd Bank Personal Loan for Salaried Employee Documents Required

5. IndusInd Bank Personal Loan for Salaried Employee Eligibility Criteria

Written By

Thejus KS

A mechanical engineer turned history buff with a sprinkle of financial brilliance. Thejus’s expertise comes with a unique blend of engineering precision, timelines, and the power of numerals. He knows that numbers are the pulse of our globe. Attention to detail and extensive research are the key elements of his writing.

Reviewed By

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.

IndusInd Bank Personal Loan for Salaried Employee – Highlights

The IndusInd Bank salaried employee personal loan interest rate and other key parameters are as follows:

Loan Amount	Up to ₹50 Lakh
Interest Rates	10.49 p.a. onwards
Loan Tenure	12 – 72 month
Eligibility	Must receive a salary of ₹25,000 or above per month

Compare Salaried Employee Loans From Other Banks

Following is the comparison of an IndusInd Bank salaried employee personal loan with other leading Banks in India:

Lender	Interest Rate	Processing Fee	Loan Amount	Loan Tenure
IndusInd Bank	10.49 p.a. onwards	Up to 3% of the loan amount	Up to Rs 50 lakh	6 years
HDFC Bank	10.50% p.a. onwards	Upto Rs 4999	Up to Rs 40 lakh	6 years
Axis Bank	10.49% p.a. onwards	Up to 2% of the loan amount	Up to Rs 40 lakh	7 years
Bank Of Baroda	12.15% p.a. onwards	Up to 2% of the loan amount	Up to Rs 20 lakh	7 years
IDBI Bank	9.50% p.a. onwards	1 % of the loan amount	Up to Rs 5 lakh	6 years
Kotak Mahindra Bank	10.99% p.a. onwards	Up to 3% of the loan amount	Up to Rs 40 lakh	6 years
Tata Capital	10.99% p.a. onwards	3.5% of the loan amount	Up to Rs 35 lakh	6 years
State Bank of India	10.55% p.a. onwards	Up to 0.75% of the loan amount	Up to Rs 35 lakh	6 years
Union Bank	10.60% p.a. onwards	0.50% of the loan amount	Up to Rs 15 lakh	6 years
Yes Bank	10.99% p.a. onwards	Up to 2% of the loan amount	Up to Rs. 40 lakh	5 years

IndusInd Bank Personal Loan for Salaried Employee – Fees and Charges

Below are the pertinent fees and charges for an IndusInd Bank salaried employee personal loan online:

Fee/Charge	Amount
Processing Fee	Up to 3% of the loan amount + tax
Prepayment Charges	Not Applicable
Late Payment Fees	2% per month on overdue amount; I..e., 24% p.a.

IndusInd Bank Personal Loan for Salaried Employee – Documents Required

Let’s take a look at a list of documents you may require to apply for an IndusInd Bank salaried employee personal loan:

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

IndusInd Bank Personal Loan for Salaried Employee – Eligibility Criteria

IndusInd Bank’s salaried employee personal loan eligibility criteria are as follows:

Age	21 – 60 years old
Salary	₹25,000 or above per month
Working Experience	Minimum of 2 years
Credit Score	700 is typically considered ideal
Nationality	Indian