What Are The Minimum Indian Bank Personal Loan Eligibility Criteria?

Indian Bank caters Personal Loans in emergence circumstances and fulfilling needs of every individual in terms of covering hefty hospital bills, buying a vehicle, wedding expenses, etc. Indian Bank is top performing public sector bank that you can rely on without any objections. Indian Bank Personal Loan offers you to avail in the attractive ranges of INR 50K to 10 Lakhs at the starting low-rate of interests from 10.99 – 20.00% per annum as well with repayment period up to three years.

What are the Features of Indian Bank for the Personal Loan?

Indian Bank is known as the foremost bank among all borrowers across India. The personal Loan is usually taken to cover short-term money requirements which are also known as an unsecured loan. In Indian Bank, you can avail the loan without giving any collateral or guarantor. Apart from it, you will experience the hassle-free process like minimal documentation and be avoiding the long process of verification for taking the Personal Loan instantly. Once your documents were approved, and other formalities are ok, then the loan amount will directly disburse in your bank accounts within two days.

What is the advantage of credit score in Indian Bank?

Excellent record of credit score is must require for any loan. In many cases, it has been noticed that applicants with poor credit score have always rejected, but in the Indian Bank, your loan application can be sanctioned even due to having the bad score of credit. However, your interest rate will be hiked a bit of more.

Your Eligibility Criteria at Indian Bank Personal Loan:

If you are become seriously for taking the Personal Loan at Indian Bank, then you need to meet these following details:

• Working individual applicant age should be between 21 to 58 years.
• The working individual should have at least two years of work experience, and for self-employed, you should be in business for at least two years also as well.
• The applicant must have their sufficient incomes.
• Nationality should be only as Indian.

Documentation Submission at Indian Bank Personal Loan:

• Applicant should have valid ID proofs like PAN Card, Driving License, Aadhaar Card, or Voter ID Card along with passport size photographs.
• The applicant residence bills proof like telephone/electricity/water/gas latest bills.
• ITR form 16 is for the salaried individual.
• CA audited balance sheet/turnover of business/P&L account for the self-employed.
• The applicant valid bank passbook or latest bank statement.

Indian Bank is entirely hassle-free financial solution provider where millions of Indians have been trusting for many decades. Indian Bank Personal Loan eligibility criteria are the key point at the initial step where any individual can access easily for the same within two days only through online. You can find this attractive option at the Rupee Station; which is the online lending marketplace. You will be charged only INR 0.5% minimum as processing fees.

Are you looking for the personal, business, Lap or Home loans in India? Visit Rupee Station as it is India’s one of the leading loan providing companies.