IndusInd Bank Personal Loan Balance Transfer 2022

Are you paying higher EMIs due to high interest rates, or not satisfied with customer services offered by your current lender? Then a personal loan balance transfer can be an ideal option for you. You can transfer your existing Personal Loan from the current lender to IndusInd Bank to reduce the loan burden. With IndusInd Bank personal loan balance transfer facility, you can get some benefits like lower interest rates, hassle-free documentation, low processing fees, etc. 

IndusInd Bank Personal Loan Balance Transfer Interest Rates:

Customers can use a balance transfer tool to transfer the outstanding amount of their existing personal loan from another bank or financial institution to IndusInd Bank. The interest rate on a personal loan balance transfer with IndusInd Bank starts at 10.75% per annum. Actual interest rates on offer may vary depending on the interest rate on the current outstanding loan, the borrower's credit profile, and the applicant's current relationship with IndusInd Bank. 

IndusInd Bank personal loan interest rate starts from as low as 10.75% p.a. If your current lender is charging more interest than this, you can transfer the outstanding amount of your personal loan from existing to IndusInd Bank via balance transfer.  Apart from lower interest rates, you can also get flexible loan tenure. 

There are two ways to apply for a personal loan balance transfer with IndusInd Bank:

• IndusInd Bank personal loan balance transfer online: You can visit the official website of IndusInd Bank to apply for a balance transfer. You need to enter your details like your name, mobile number, email ID, DOB, city of residence, monthly obligation, loan amount required, employment type, etc. Once you submit the details, you will receive a call from a loan officer of IndusInd Bank to process the transfer. 
• IndusInd Bank personal loan balance transfer offline: Alternatively, you can visit the nearest branch of the bank to Apply for Personal Loan Balance Transfer.
• Dial IndusInd Bank customer care team: You can call on 1860-500-5004 (charges as applicable) to know more about personal loan balance transfer. 

Individuals looking for a balance transfer will need to meet the following eligibility criteria based on their category:

For Salaried Applicants:

For Self-Employed Individuals:

For Self-Employed Professionals:

You will need to submit the following documents to apply for IndusInd Bank personal loan balance transfer:

For Salaried Employees:

• Proof of Identity
• Address proof
• KYC documents
• 2 photographs
• PAN Card
• Salary slips for the past 3 months
• Bank statement that shows your salary credit for the past 3 months

For Self-Employed Professionals/ Individuals:

• Proof of Identity
• Address proof
• KYC documents
• 2 photographs
• PAN Card
• Audited financials including profit & loss statements with relevant annexures and schedules from the last 3 years
• Savings account statement of the applicant
• Current account statement of the business

IndusInd Bank Personal Loan Balance Transfer Online:  

You can apply for a personal loan balance transfer on IndusInd Bank's official website. All you have to do is provide some basic information about yourself, such as your address, employment type, date of birth, monthly net income, monthly responsibilities, required loan amount, and contact information. Once you've shared the information, a bank representative will call you at the number you gave to offer you more information on how to proceed with the amount transfer. 

You can use IndusInd Bank personal loan balance transfer calculator to find out what benefits you will get by transferring your personal loan from the existing lender to IndusInd Bank.  

Here are steps to use a balance transfer calculator to find out the benefits:

• You use a personal loan balance transfer calculator to easily calculate the benefits. 
• Share details like existing personal loan amount, tenure, existing interest rate, new interest rate, EMIs paid for an existing personal loan. 
• Now enter the preferred loan tenure (EMI – to be paid) for IndusInd Bank Personal Loan in the number of months. 
• You will be able to then clearly view the difference between current EMI and EMI after balance transfer, and savings from a balance transfer. Accordingly, you can opt for a balance transfer to IndusInd Bank.

Here are the key benefits of IndusInd Bank personal loan balance transfer:

• Attractive interest rates starting from 10.7% p.a.
• Optional loan tenure ranging from 12 months to 60 months.
• Doorstep document pick-up services.
• Unsecured personal loan with minimal processing fees. 
• Short and simple documentation process. 
• Option to apply for a top-up loan over and above the outstanding loan amount. 

If you are checking for the IndusInd Bank Personal Loan Balance Transfer process before transferring the balance. For using the balance transfer calculator, you can check the EMI amount and avail of the loan from IndusInd Bank. You can also check the online process for checking the balance transfer process. For more details contact Afinoz.com and check further information you required for availing of the loan.