The IndusInd Bank Personal Loans can belong to one of the following groups, depending on the end use:
1. Wedding Loan:
In the event of a wedding, a Wedding Loan may be required to comply with the last-minute fund requirements for expenses related to venue booking, catering, guest accommodation, jewelry, etc. One can easily apply for a wedding loan with Induslnd Bank and get the funds required to cover such expenses. While the interest rate and the actual disbursement of the loan can differ according to various parameters, some of the main features of the IndusInd Bank Wedding Loan are as follows:
- Interest rates on wedding loans start as low as 11.00 %p.a.
- A loan of up to Rs. 15 lakhs can be used.
- No collateral/security is required for this loan to be used.
2. Home Renovation Loan:
Induslnd Bank Home Renovation Loan provides financial assistance to individuals who want a house/flat they own to redecorate/remodel. This loan can be used to cover different costs, such as essential repairs, purchasing furniture and fixtures, etc. Some main characteristics of a home renovation loan from Induslnd Bank are:
- Interest rates begin as low as 11.00% p.a.
- Fast application process and hassle-free
- Up to 60 months of flexible repayment tenure
3. Personal Loan for Medical Expenses:
The loan for medical expenses provided by Induslnd Bank provides financial assistance to deal with unforeseen medical expenses. The loan pays the costs for the doctor, hospital stay, prescription bills, and other expenses related to hospital and care. Some of Induslnd Bank's Medical Loan features are:
- Collateral-free up to Rs. 15 lakh loans
- Flexible tenure of repayment for 12 months to 60 months
- Low special rates for existing customers of IndusInd Bank
4. Personal Loan Balance Transfer:
The option to transfer your loan balance allows you to transfer your existing personal loan to Induslnd Bank from another bank to reduce your current EMI burden.The transition is clear and requires minimal documentation.Some of Induslnd Bank Personal Loan Balance Transfer's main features are:
- Low fees for production
- Swift pay-out and flexible tenure for repayment
- Accessible only for clients of IndusInd Bank with unpaid loans with other banks