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Indusind Bank Personal Loan

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Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

Indusind Bank Personal Loan

IndusInd Bank

IndusInd Bank is the first new-generation bank of India. It was established in Mumbai, in 1994. It derives its name from the ‘Indus Valley Civilization’. With the contribution of Indians and NRIs, the bank initiated with a capital base of Rs. 1000 million. IndusInd Bank has more than 1000 branches and 1800 plus ATMs in India. The bank has also set up its offices in London, Dubai and Abu Dhabi. The bank has marked its presence in retail banking services. It often launches new technologies while upgrading its support systems. IndusInd Bank was ranked 13th in the Brandz Top 50 Most Valuable Indian Brands 2015.

IndusInd Personal Loan

Make your dreams come true, with IndusInd Bank personal loan. Whether you want to go on a vacation or present a real diamond necklace to your wife. Either pay your child’s education fee or just give your home a new look. IndusInd Bank personal loan is at your financial service. The bank offers online personal loan amount starting from ₹25,000 to Rs.15 lacs. The loan approval depends on your credit score, net monthly salary, and various other factors.

IndusInd Bank Personal Loan Eligibility Criteria

Eligibility Criteria



Salaried employees



Self-employed professionals



Self-employed individuals



Age

Min - 21 years Max - 60 years or retirement age (whichever is lower during loan maturity).

Min - 21 years Max – 65 years at the time of loan maturity.

Min - 21 years Max – 65 years at the time of loan maturity.

Income

Net monthly salary should be at least Rs. 25,000.

Annual net income post tax should be at least Rs. 4.8 lacs.

Annual net income post tax should be at least Rs. 4.8 lacs.

Work experience

Should have total work experience of at least 2 years with minimum 1 year in current organization.

Should have 4 years of experience post qualification.

Should have 5 years of experience post qualification.

Documents Required for IndusInd Personal Loan

Documents



Salaried employees



Self-employed professionals



Self-employed individuals



ID Proof

  • Passport

  • Driving license

  • Voter ID

  • PAN card

  • Card issued by UIDAI

  • Passport

  • Driving license

  • Voter ID

  • PAN card

  • Card issued by UIDAI

  • Passport

  • Driving license

  • Voter ID

  • PAN card

  • Card issued by UIDAI

Residence Proof

  • Leave and License Agreement

  • Ration card /utility bill (not more than 3 months old)

  • Valid passport with same address as mentioned in application form.

  • Leave and License Agreement

  • Ration card /utility bill (not more than 3 months old)

  • Valid passport with same address as mentioned in application form.

  • Trade license

  • Sales tax certificate

  • Leave and License Agreement

  • Ration card /utility bill (not more than 3 months old)

  • Valid passport with same address as mentioned in application form.

  • Trade license

  • Sales tax certificate

Income Proof

  • Latest 3 months salary slip

  • Latest Form 16.

  • Current business bank account statement (latest 6 months bank statement or passbook)

  • Current business bank account statement (latest 6 months bank statement or passbook)

Qualification Proof

-

  • Degree of highest qualification

-

Extra Mandatory docs

-

-

  • Sole proprietorship declaration

  • Certified copy of partnership deed

  • Certified copy of MOA, AOA and Board resolution.

IndusInd Personal Loan Interest Rates & Other Charges:

Interest Rate

11.25% onwards

Processing Fees

Up to 2.5% of loan amount + tax

Prepayment Charges

For Salaried: 4% of principal amount after completing 12 EMIs. For Self-employed: 4% of principal amount after completing 6 EMIs.

Why Qbera for IndusInd Personal loan?

  1. Multipurpose
           Qbera offers personal loan for various purposes such as:

    1. A wedding
    2. Medical expenses
    3. Education fees
    4. Holiday
    5. Home renovation
  2. Customized loans
    Qbera provides customized personal loan solutions. You can avail benefits such as low processing fees and speedy loan disbursal.

  3. Low interest rates
    Affordable interest rates for non-existing customer and attractive rates for existing customers.

  4. All about IndusInd Bank personal loan
    You can apply for the loan online while sitting at home using Qbera.com. Qbera hosts all information on IndusInd Bank personal loan.

  5. Quick and easy process
    The personal loan application is very simple and easy. Qbera asks for only few documents and the loan amount gets disbursed within 24 hours.

  6. Flexible loan tenure
    You can choose the loan term ranging between 1 to 5 years.

  7. Convenient service
    Customer representative will be at your doorstep to collect your documents.

  8. No collateral/guarantor
    You don't need to pledge any legal property to avail a personal loan from Qbera.

  9. Multiple repayment options
    You can either use IndusInd Bank Account, PDCs or ECS from your bank to repay the loan amount.

IndusInd Personal Loan EMI Calculator:

An EMI calculator comes very handy when you are unable to decide the loan amount. And for that you need to know the Equated Monthly Instalment (EMI) which will make your task easier. Qbera.com serves one of the best user friendly personal loan EMI calculators. It will help you determine your EMI for applying a personal loan with IndusInd Bank. Go to the website of Qbera.com and check out the Personal Loan EMI Calculator. Feed in the values of your loan amount, loan tenure and your monthly income. You will get an accurate number which will help you decide your capacity to pay back the loan amount.   




1. What is the tenure of a personal loan from Qbera?

The loan tenure at Qbera is a flexible one and it ranges from 1 to 5 years (12 to 60 months).

2. What is an EMI?

It is the fixed amount that a borrower pays to the lender on a particular date every month. An EMI includes the principal and interest charged on a loan.

3. What is the minimum and maximum loan amount that I can get from Qbera?

The loan amount ranges between Rs. 25,000 to Rs. 10 Lacs.

4. What is unique about Qbera?

Our technology and lending partnership allow us to offer a world-class experience to our borrowers:

  • Paperless application
  • Instant lending decision
  • Digital verification of income, employment and residence
  • Disbursement of loan within 24-48 hours

Our CIBIL score cut-off is 625 and we can give loans to employees of more than 9 lac companies in India. Now you don’t have to get rejected by banks just because they have not analyzed and categorized your employer.

5. What should be my age to apply for a loan with Qbera?

You must be at least 23 years old to apply for a loan.

6. What should be my minimum salary to get a loan?

Your net monthly income must be Rs. 20,000 or more.

7. What should be my CIBIL score cut-off for a personal loan?

Our CIBIL score cut-off is 625 (V2 score).

8. What is the rate of interest charged on a personal loan?

Rate of interest depends on a borrower’s income, CIBIL score, employer, age etc. Qbera collects information from your application form and various other data sources to create a personalized loan offer for you. Our interest rates start at 11.99%.

9. What is the eligibility criteria to get a loan from Qbera?

To get a loan from Qbera, a borrower should meet the following eligibility criteria:

  • Must be a salaried employee.
  • Age must be between 23-55 years.
  • Net monthly income must be Rs. 20,000 or more.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.

10. How do I apply for a loan online?

To apply for a loan online, click here. For queries, please Whatsapp us on +91 89719 28484.

11. What are the documents required to get a loan from Qbera?

The following documents would be required after your loan is digitally approved:

  • Aadhar Card
  • PAN Card
  • 4 cheques from your salary account
  • Current address proof
  • Permanent address proof (in case the permanent address is different from the address on Aadhar card)
  • Passport size photo

12. What is the processing fee charged on a personal loan by Qbera?

The processing fee ranges between 2% - 4%.

13. How can I repay my loan?

Qbera provides easy repayment of its smart loans through automatic debit of EMIs via NACH mandate.

14. Why was my loan application rejected at Qbera?

Although we have one of the best approval rates in the industry, we may have to reject some applications if they do not meet our basic qualification criteria. You can re-apply after 3 months in case you think that your credit profile has improved.

15. Can I re-apply for a loan?

Qbera requires you to wait for at least 3 months before re-applying for a personal loan.

16. How much time does Qbera take to process a loan application?

It will not take more than 10 minutes to fill up your online application form. Our technology allows us to disburse the approved loan amount within 24-48 hours.

17. Is part/prepayment allowed on my personal loan?

We do not allow part-payments. However, you can prepay your loan after completing 1 year of repayment. (Foreclosure charges: 5% + GST applicable).

18. Do I need to submit any collateral to get a personal loan from Qbera?

All personal loans offered by Qbera are unsecured. Hence, you need not submit any assets or property to secure a loan.

Getting a Qbera Smart Loan is Simple
Fill out our online application form
Step 1: Online Application Form
Get approved instantly
Fill out our online application form by answering a few questions about yourself, your employment, your education, expenses and needs. This process would take no longer than 10 minutes.
Connect your Bank Account
Step 2: Connect bank account
Submit your bank statements
Connect securely to your bank via netbanking and submit bank statements as part of the easy loan application form. Alternatively, you can upload bank generated pdf bank statements.
Select your loan term
Step 3: Loan term
Choose your Loan Term
Using our proprietary Credit Scoring Algorithm we determine your loan eligibility in real-time. Our algorithm uses the information about you, to determine your future potential and help you get the best rate instantly.
You’re done! Get the money in your Bank Account as early as tomorrow.
Example: A loan offer of ₹2 lac, for a tenure of 3 years at an interest Rate of 16.6% (on a reducing principal) and a processing fee of 2.5%. Translates to:
  1. Processing Fee deduction of ₹5000 (2.5% of 2 Lacs) from loan amount, thus, the amount credited to your account will be ₹1.95 Lacs
  2. EMI of ₹7091 per month
  3. Total payable amount in 3 years = 36 times ₹7091 = ₹2,55,276
  4. Total Interest paid in 3 years = ₹55,276, hence, annual interest paid = ₹18,425 (which translates to an effective flat annual rate of interest of 9.21%)
Repaying a Qbera Smart Loan is just as Simple
Repay your loan with automatic EMI payments.
  • You must be a Salaried Employee
  • Age: 23-55 years old
  • Net Monthly Income must be more than Rs. 20,000.
  • No defaults in the last 24 months.
  • You must be residing in Delhi/NCR, Bangalore, Pune, Chennai, Mumbai or Hyderabad.
  • Aadhaar Card
  • PAN Card
  • 4 Cheques from your Salary Account
  • Current Address Proof
  • Permanent Address Proof (in case the permanent address is different from the address on Aadhaar card)
Pradeep

Pradeep

"I am really happy that I got a loan from Qbera. My application has been rejected by lenders in the past without giving any explanation for rejection. Qbera approved my loan with minimum documents. Thanks a lot once again."

Shekhar

Shekhar

"I would like to thank Qbera for speedy loan processing. I was having a tough time in deciding which bank would actually take my request for a loan as the loan was supposed to be for credit card payoff. I was forced to use my credit card for an unforeseen expense which I could not avoid and was finding it tough to pay back due to the high interest cost on credit cards. I did not want to make many enquiries as many requests can lower the CIBIL score. I contacted Qbera on a Monday and by evening itself they had an offer for me. They kept me informed through every step of the process and were also flexible with regards to my commitments. In the end, the loan was disbursed within two days of documents submission. Thank you Qbera for simplifying the process and helping me find a loan. " Show more...

Syed

Syed

"It was a nice experience with Qbera. I have never seen such an easy process for getting a loan, especially when you need it the most. Thank you Qbera for your support."

Anish

Anish

"I had a hassle-free experience with Qbera. It was a very easy application procedure and in a short span of 3 days I got my loan credited to my account. Thank you so much for the support Team Qbera"

Arun

Arun

"It was very easy to get a loan from Qbera. I just applied on their website and got a confirmed offer immediately. The amount was transferred soon after. Will give it 5 out of 5"

Bhaskar

Bhaskar

"It's good and quick response from the Qbera team to get the loan. They are very good at the communicating the things properly and appropriately"

Are you ready to get your Qbera Smart Loan?
Select your employment type to proceed.
Self-Employed
Salaried

QBERA

We are a Bangalore-based company offering digital, quick, hassle-free personal loans to people when they need them.

Loan amounts range from Rs.50,000 to Rs.25,00,000. APR ranges from 11.99% to 35.99%. Loan lengths range from 12 to 60 months. Administration fee ranges from 1% to 5%.

* Subject to Risk Profile

Need Help?
Contact our support team via WhatsApp by clicking below:
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E-mail: contact@qbera.com
Phone: 1800 4198 121
Whatsapp:+91 89719 28484
Address:
1st Floor, Wolfpack Workspaces,
#39, 8th Main Road,
Vasanth Nagar.
Bangalore 560 052

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