Are you planning to take a world tour but falling short of money? Finance your world trip instantly with Indian Bank Personal Loan, and that too at affordable interest rates. Indian Bank offers multi-purpose loan to help you meet your unplanned as well as planned expenditure. It also offers personalized loan solutions to cater the varying requirements of the borrowers.
Headquartered in Chennai, Indian Bank has its branches in different states of India as well as in different parts of the world. It is amongst one of the top-performing banks in public sector in India. Indian Bank Personal Loan is available in high quantum as well as available easily in just a few clicks.
Indian Bank provides quite a wide range of loan services to its customers and keeps on coming with discounted loan schemes for borrowers. There are multiple reasons which make Indian Bank Personal Loan one of the best options for you, some of the reasons are listed below:-
Indian Bank Personal Loan is an affordable loan option for the borrowers. The interest rates are quite low as well as there are almost zero hidden charges, so you need not worry about any extra expenses. The major features and benefits associated with the Indian Bank Personal Loan are listed below:-
Low interest rates
The rate of interest charged by Indian Bank on the personal loans is quite low in comparison to other banks and financial institutes. The interest rate starts from 9% which is only provided by only a few banks.
Instant loan up to 6 lac
You can instantly meet your bulk requirement of cash as the loan up to 6 lac is easily and instantly available with the Indian Bank.
Easy Online loan application
You can easily apply for the Indian Bank Personal Loan online. You just need to fill up a loan application form which requires some basic personal information about you.
Quick Disbursal of funds
The funds are instantly transferred to your bank account after the approval of your loan application. You receive the funds in just a few days, so the Indian Bank.
Instant Top-up loan
The top-up loan facility allows you to get an additional loan amount. In case, you fall short of funds, then you need not apply for a new loan as this facility helps you get some additional funds instantly.
Flexible repayment tenure
You can easily decide the repayment tenure on basis of your income as you can extend the loan tenure up to 60 months.
Low loan processing fee
Indian Bank charges very low loan processing charges which helps you to get a loan without making any sort of additional expenses.
Easy pre-closure and part payment option
You can easily pay-off your loan in accordance with the availability of the cash. The pre-closure and part-payment option are available with almost no or very minimal charges.
The documents required for the approval of Indian Bank Personal Loan quite a basic one. The best part is the documentation process is also conducted online which makes the entire process paperless.
|Loan Processing Fees||Up to 2.50% of loan amount, Rs 1,000 to 25,000|
|Pre-payment Charges||4% of principal outstanding - 13 to 24 months,
3% of principal outstanding – 25 to 36 months
2% of principal outstanding - >36 months
|Penalty for late EMI payment||24% per year on outstanding amount From default date|
If you are planning to take a personal loan from Indian Bank, then at first, you need to check your eligibility for the loan. The eligibility criteria are described below in detail; take a look:-
Individual signature card rendered by the bank
Passport size photographs
Copy of PAN card
The text of address proof (Driving license, passport, Voter ID card, etc..)
Copy of identity proof(PAN card, driving license, Voter card, passport, etc.,)
Form 16 (only if PAN card is not available)
Confirmation address Passport
Utility bill (telephone, electricity, water, gas) – less than two months old
Letter from a known public authority (gazetted officer) verifying the customer’s home address
Bank Passbook or Bank account statement
The applicants who are querying for the loan have the privilege where the bank grants with low-interest charges on loan supplied to them.
Rupee Station knows that the users have a tough time making money; therefore Rupee Station presents with no additional or hidden fees when the user applies for the loan.
We know that value of money that is needed to the applicant hence at Rupee Station the user can get the funds within two working days after the documents are verified and approved by the bank.
Paperwork can be a pain sometimes. If the applicants have the option to dodge paperwork, then they would happily do it. Therefore, Rupee station doesn't believe in extensive documentation and hence tries to make the work easy for the applicants.
If the applicant is seeking for a loan and the cibil score is nowhere near the expected number, then they need not worry. Candidates with low credit score can get loans at Rupee Station.
The applicant first needs to fill a form. This can be done manually by marching down to the bank, or they can fill the online application form.
The application form which is submitted is first viewed and after an application form is considered it is then approved. The bank announces the decision within few minutes
The applicant form after getting accepted is then processed, and the money is transferred to the applicant within two working days.