Are you eligible for an IndusInd Bank personal loan? Suppose you seek a personal loan from IndusInd Bank and have not passed the eligibility criteria. In that case, it is a loss for you. You can have the loan processed, but it will be at a very high rate of interest. Therefore, to avail of a loan at a lower interest rate, you need to follow specific IndusInd Bank personal loan eligibility criteria. These criteria are given below.

IndusInd Bank Personal Loan Eligibility Criteria

Here are the IndusInd bank personal loan criteria for both salaried individuals and self-employed professionals.

For Salaried Individuals -

For Self Employed Professionals-

The Overdraft Facility

1. You need to keep in mind that an overdraft is a second mortgage secured by the property. You have to borrow a loan at a low rate of interest. In other words, the money that you have put up as security can be taken to procure a loan.

2. It is effortless. You just need to deposit a certain amount of money in an account, and you can quickly get loans at competitive rates of interest. It is very convenient too.

3. The overdraft facility will depend upon IndusInd bank's personal loan eligibility criteria. So check it out, or you can talk with the IndusInd representative for clarification.

Types of Personal Loan

1. As you know, there are two types of loans that can be availed from IndusInd Bank. You need to choose the right kind of loan for yourself depending on your personal needs.

2. The two categories of loans are secured and unsecured personal loans. You need to know more about both if you want to avail a loan from IndusInd Bank.

Here is all you need to know about both kinds of loans:

1. Secured - This loan is considered an investment loan. The only thing you need to check out when applying for this loan is whether you have a checking account. If you don't, you need to open one, and then you can get a line of credit from IndusInd Bank. This is a good loan option for people who do not want to use their homes as collateral.

2. Unsecured personal loan - This is the most popular category of loans taken by people from banks these days. It is also the most comfortable option that is available to you. The only thing you need to check out when you apply for this loan is whether you have a checking account. If you don't, you need to open one and apply for a line of credit from IndusInd Bank.

How to check IndusInd personal loan status?

There are three ways to check IndusInd personal loan status for your application.

1. By visiting its website

2. BY calling customer care on 1860-500-5004.

3. By going to IndusInd bank nearest office.

Last words

When you check out your loan status, you need to remember to read the fine print carefully. You must read all the information given to you by the representative to understand if there are any fees or charges that you need to pay for. In some cases, you might also be asked to show proof of employment. Read all these details carefully before signing the agreement.