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How an IndusInd Bank Personal Loan Can Help You Pay the Hospital Bills?

Health is wealth, it is a popular saying and when you get ill and hospitalized, your money would be drained instantly. To ensure you keep your medical bills intact, borrow an IndusInd Personal Loan. With this, you can easily meet the financial expectations of your surgery or treatment. And here, none of your assets are at risk as it is a collateral-free loan. This means your loan is based on the monthly income. For an IndusInd Bank Personal Loan apply, you need a minimum monthly income of INR 25,000. So, if you meet this requirement, get yourself a personal loan from IndusInd Bank to meet the medical requirements. Keep reading this page for more information on the IndusInd Personal Loan.

What are the Highlights of IndusInd Bank Personal Loan?

There are many banks or NBFCs that provide you with personal loans. So, what makes IndusInd Bank offer the best for you? Well, it is the following –

Loan Limit up to INR 25 Lakh

The bank will lend you from INR 30,000 to 25 Lakh based on your income and current obligations. Because if the bank is assured that you have money for the loan repayment, it will allow you to borrow the maximum amount.

With such a wide range of loans, you can easily meet your financial obligations for the treatment or surgery. So, whether you need money for chemo or open-heart surgery, IndusInd Personal Loan will cover it for you. 

Reasonable Rate of Interest

The thing with a personal loan is that here the interest rate is comparatively higher than a secured loan. But you don’t need to worry about this when you’re borrowing a personal loan from IndusInd Bank. There you get charged 10.49% per annum on the loan amount. And this is just the starting rate of interest. The rate may vary based on the applicant’s credibility for the loan.

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Your previous credit history helps the IndusInd Bank know your eligibility for the loan. So, if your credit record has no default payment, you can negotiate with the bank for a lower rate of interest. 

Easy Repayment Options

Well, you have been tackling a major health issue, so IndusInd Personal Loan won’t be a burden over it. You can pay off the loan in equated monthly installments. This way, your loan will be reduced gradually. You will get the following tenure options from IndusInd Bank –

  • 1 year
  • 2 years
  • 3 years
  • 4 years
  • 5 years

Using the online IndusInd Bank Personal Loan Tool, you can see which tenure is suitable as per the budget. When you find such a period, apply for the loan.

How to Apply for an IndusInd Bank Personal Loan Online?

As you have been tackling a medical situation, you won’t have any time to go to a bank branch to apply for an IndusInd Bank Personal Loan. don’t worry, visit the bank website and apply for the loan using your smartphone. For this, take a look at the below instructions –

  • Visit the IndusInd Bank official website
  • Go to Personal Loan
  • Click on ‘Apply Now’
  • Provide details like name, email, mobile number, etc.
  • Upload KYC and income proof such as Aadhaar Card, PAN Card, Salary Slip, and Bank Statement in a pdf format.
  • Click on ‘submit’

Wait for the bank’s response. When your loan application is accepted, you will get a notification on your provided email or mobile and the money will be transferred to your bank account within 2-3 working days.

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Note – IndusInd Bank charges a 3.00% processing charge for a Personal Loan. Also before apply for a loan, check IndusInd Bank Personal Loan Interest rates online. It is the percentage of your approved loan amount. This fee will be deducted from your loan amount. So, you will receive 3% less on your loan. 

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