International Business Machines or IBM, a pioneer tech company, started in 1911, is known for its user centric products in the hardware and software space. The company has offices in 15 cities in India and gives employment to thousands of employees. To fulfil the employees’ needs, the company does what they require. Being working in a well-established organisation, any IBM employee can take a personal loan for various purposes.
Benefits of IndusInd Bank Personal Loan
Applicant can avail up to Rs 15 lakhs from IndusInd Bank
For a repayment the applicant can choose a flexible tenure up to 60 months.
The applicant working at IBM Employees can avail personal loans at an attractive interest rate starting from 10.99%.
The personal loan from IndusInd Bank is collateral free, hence you need not pledge any security to avail a personal loan.
IndusInd Bank Personal Loan Interest Rate, Processing Fee, and the Loan Tenure
Eligibility Criteria to Avail IndusInd Bank Personal Loan
The age of the applicant should be between 21 to 60 years.
The applicant net monthly income should be equal to or more than Rs 25000.
The applicant should be employed with the current employer for at least 1 year.
The applicant should work as an employee for at least 2 years.
Documents Required for IndusInd Bank Personal Loan
Valid Identity proof – passport/driving license/ voter ID card/ Aadhar card/ PAN card.
Valid address proof – passport/driving license/ ration card/ sale deed/ Telephone bill.
Latest 3 months bank statements showing salary credit information.
Latest 3 months’ salary slips.
Latest Form 16
Passport size photographs
FAQs
Q- How much can I expect to get money in my account?
Ans :- Once you get approval from the bank, the disbursal will take only a few days.
Q- How can I track my application for IndusInd Bank personal loan?
Ans :- By visiting the official website of the IndusInd Bank, you can track your personal loan status. Another way to track the application is to visit www.afinoz.com and click on the ‘Track My Application’ tab to track the personal loan application.
Q- Can I prepay my personal loan?
Ans :- A salaried person can prepay the IndusInd Bank personal loan after paying 12 EMIs. Once you think of prepaying the personal loan before the loan tenure kindly ask for the fee for foreclosing the personal loan.
Q- What is the maximum tenure for IndusInd Bank personal loan?
Ans :- If you apply for a personal loan from IndusInd Bank, you can take a personal loan up to a maximum tenure of 60 months.
Q- How much amount can be borrowed from IndusInd Bank?
Ans :- The IndusInd Bank Offers up to Rs 15 lakh as a personal loan. However, the amount may differ from one user to another based on applicant’s credit profile.
Q- Does IndusInd Bank offer a fixed interest rate or reducing interest rate model on the personal loans?
Ans :- IndusInd Bank charges interest on the reducing principal. As the principal amount keeps reducing, the interest rate also gets reduced.
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