When you are facing financial trouble, getting a personal loan is the best way to tackle it. However, when you need a personal loan, it is difficult to choose an ideal lender. Since there many. So, here is a perfect choice for you. Induslnd Bank personal loan has an attractive interest rate and flexible loan tenure.
We will give you every information; you need to apply for a personal loan. Please keep reading to know more.
Induslnd Bank Personal Loan Details
Here are the details, you need to know about Induslnd Bank's instant personal loan.
What Will affects the Induslnd Personal loan Interest rate 2020?
Before we move on to eligibility criteria and required documents, you need to know what will affect the Personal loan interest rate 2020. Here are the factors.
Your CIBIL Score
Your Debt to Income Ratio
The Loan amount & the tenure period
Your Monthly Income
Eligibility Criteria for Induslnd Bank personal loan?
Here, is the eligibility criteria for Induslnd Bank personal loan.
(A) For Salaried Personal
The Applicant age should be between 21 Years and 60 Years.
The minimum applicant salary should be at least Rs 25,000.
The applicant should be a minimum of 2 Years of work experience.
(B) For Self- Employed Professional
The applicant age should be between 25 years and 65 Years.
The minimum annual net income should be 4.8 Lakhs post Taxes.
4 Years of Post Qualification Experience.
Documents You will need to apply
These are the documents you will need to apply for a Personal loan. Here the details for both, Salaried personal and Self- Employed professional.
(A) For Salaried Personal
Two passport size photographs
Proof of Identity (Aadhar Card, Passport, Driving license, PAN Card)
Proof of Residence (Utility bill for last 3 Months, Rent agreement)
Proof of salary (Bank statement and Salary Slip for last 3 Months)
(B) For Self Employed Professional
Two passport size photographs
Proof of Identity (Passport, PAN Card, Driving License, Aadhar Card)
Proof of residence (Last 3 Months utility bills, rent agreement, Trade license)
Bank statement for the 6 Months
last 2 years ITR
Proof of Business of Continuity
What factors will affect your Personal loan interest rate?
When you opt for a personal loan, the interest rate for repayments depends upon a few factors. Here are them.
Credit History of the applicant
Net Income
Employer Organization
Customer Bank Relationship
What are the salient features of Induslnd bank personal loan?
Induslnd bank has many amazing features. Here are them.
The process is easy, needs minimal documentation and speedy disbursal.
You can choose a loan tenure between 1 year to 5 Years.
It is a doorstep service.
No need to submit any kind of guarantor or collateral.