Whether you are looking to renovate your home, take a dream vacation, or
consolidate your debts, a Personal Loan can help you get there. A hassle-free option, an IndusInd Bank personal loan comes with several attractive features.

The financial year is a crucial period that affects personal finances. It is a time when individuals, businesses, and governments analyse their financial performance of the year gone by and plan for the upcoming year. If you are assessing your financial goals or planning to make any big-ticket purchases but do not have the requisite funds, a personal loan could be a beneficial
option.

Understanding Personal Loans

Personal loans are unsecured loans, meaning borrowers do not have to pledge any collateral to obtain them. Furthermore, with no end-use restrictions, a personal loan can come in handy for fulfilling a variety of purposes – you could use it to pay off multiple debts, renovate your home,
invest in a business, fund your child’s higher education, for medical emergencies, or even just to cover sudden unexpected expenses.

To be eligible for a personal loan, you must meet specific criteria, such as having a good credit score, a stable and regular income, a sound employment history, and a low debt-to-income ratio.

Planning for the New Financial Year with a Personal Loan

1. Identifying financial goals for the new financial year:

Start by identifying your goals for the year ahead, such as paying off debt, renovating your home, or financing a major purchase.

2. Assessing affordability and budgeting for loan repayments:

It’s important to evaluate your budget before taking out a personal loan. This can involve reviewing your income, expenses, and existing debts – if any – to determine what you can repay each month.

3. Choosing the right loan amount and tenure:

Once you’ve identified your financial goals and assessed your affordability, you can choose the right loan amount and tenure to suit your needs. It is important to take factors such as interest rates, fees, and repayment terms into consideration when selecting a personal loan.

How to Make your Financial Year Colourful with a Personal Loan

Here are some of the ways in which a personal loan can help you meet your requirements and make your financial year colourful:

● Consolidate Debts:

A personal loan can help consolidate debt by combining multiple debts into one single loan with a lower interest rate, making it easier to manage. It also reduces the overall cost of borrowing.

● Grow your Business:

A personal loan for business is an excellent example of good debt – it can help boost your business by providing the necessary funds for expansion.

● Take a Vacation:

Everyone needs a break from the daily grind, and a personal loan can help you afford that dream vacation you’ve been planning. With a fixed repayment plan, you can spread out the cost of your trip and make it more affordable.

● Fund your Wedding:

Weddings are a big expense, and a personal loan can be enormously helpful. You can choose a repayment plan that works for your budget and timeline.

● Fund a Child’s Education:

A personal loan can help you pay for your child’s education, giving them the opportunity to gain knowledge and skills that will stand them in good stead for decades to come.

● Renovate your Home:

Your home is your sanctuary, and a personal loan can help you make the necessary repairs and renovations to keep it in top shape.

Why IndusInd Personal Loan is A Viable Option?

IndusInd Bank Personal Loan is an excellent option for fulfilling your financial needs. The salient features of a personal loan from IndusInd Bank are as follows:

• Attractive interest rates to ensure your personal loan is affordable and easy to repay in EMIs.

• Flexible repayment tenures – ranging between 1-4 years – allowing you to pay back at your comfort and convenience.

• Loans range from as high as INR 5 lakhs to as low as INR 30,000 – apply for as much as you need to suit your specific requirements.

• Low processing fees, no physical documentation, and a 100% paperless online application and approval process, giving you quick and hassle-free access to funds.

With so many advantages, a personal loan from IndusInd Bank is a great way to fulfil your goals in the financial year 2023-2024. Apply Now!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision.  IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.    

The car loan calculator is a simple tool that determines the EMIs you would need to pay the bank. It helps you evaluate how much you can afford and makes loan planning easier.

A large number of individuals and families in India cherish the dream of owning a car someday. Luckily, it is no longer an impossible dream, what with car loans being offered on attractive terms, requiring minimal paperwork. When you take out a car loan, you are required to make a down payment, while the rest is paid by the bank. Taking out a car loan includes several benefits such as repayment in easy EMIs of your choice and an opportunity to boost your credit score by making timely payments every month. If you are planning to apply for a car loan, it makes sense to take the help of a car loan EMI calculator. The car loan calculator is different from a car loan eligibility calculator that helps a person get an estimate of the amount of loan that could be sanctioned.

Why Use a Car Loan EMI Calculator?

The car loan EMI calculator is a hassle-free online utility tool that helps you determine the instalments you would need to pay the lender. This enables you to be better prepared financially even before beginning the process of applying for a loan. The car loan calculator tool consists of a formula box that contains Loan Amount, Loan Tenure, and Interest Rate. Once the details are filled, the car loan EMI calculator instantly shows how much you would have to repay the bank every month.

Using a car loan calculator before taking out a car loan has the following benefits:

• It is easy to use and provides quick, accurate results.
• Saves time and energy by eliminating the need to make manual, complex calculations.
• In case you aren’t sure of the loan amount, you may calculate the EMIs over and over again using as many variations as you like. This could help you assess how much you can afford.
• Makes loan planning and managing monthly finances easier.
• Gives you a comprehensive view of your loan repayment, including the interest rate, and processing fee – if any – of the total repayment value.

It is vital to remember that if you choose a shorter repayment tenure, the car loan EMIs will be on the higher side but you would be able to repay the loan sooner. On the other hand, if you select a longer tenure, the car loan EMIs will be lower but you would end up incurring a higher amount on interest repayments.

IndusInd Bank Car Loan Calculator

IndusInd Bank car loans are designed to fulfil the needs of all kinds of people. Existing customers of the bank could even be eligible for a pre-approved car loan. New car loans are offered at IndusInd Bank with 100% of the car value at attractive rates of interest, low processing fees, and flexible repayment tenures ranging from 1-5 years, but extendable up to 7 years. It is advisable to use IndusInd Bank’s car loan calculator to plan your expenses before submitting the car loan application.

All this easy-to-use calculator requires you to do is enter the loan amount and tenure for which the car loan is being sought. Within seconds, it will display your monthly EMI for the desired loan duration.

The calculator can be subsequently refreshed and multiple results obtained, using variations in the loan amount and duration. This will help you arrive at an amount and tenure that suits your budgetary needs.

So before you go ahead with your car loan application, plan your finances using the IndusInd Bank car loan EMI calculator!

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.

Each year, innumerable Indian students travel abroad to study in foreign universities. The initial few months in a new curriculum and culture provide a whirlwind of experiences and  lifetime of memories. However, one of the chief concerns during this phase is whether they will be able to manage everything by themselves, in a different country while living alone. There are many questions that a student has in their mind when going abroad for higher studies. Majorly, they worry about how to carry foreign currency with them.

Although there are a number of options available, they come with both pros and cons. Carrying large wads of cash is a hassle and using credit and debit cards can prove expensive. The best way for a student to carry foreign currency is therefore, a Forex card.

What is a Forex card?

Forex cards have long served as the most convenient way of carrying foreign currency when travelling abroad for leisure , business or education . These are prepaid cards that can be loaded with a certain amount of foreign currency or currencies and used for transactions at merchants via POS or webpage in the foreign country,and to withdraw cash at ATMs abroad.

Since these are prepaid cards, they do not involve the hassle of thinking about exchange rates. Once the card is loaded with a certain amount of foreign currency, one has that much purchasing power no matter what happens to exchange rates after.

IndusInd Bank offers the service where one can load upto 14 currencies on a single Forex card, with the option to load and reload multiple times subject RBI guidelines. 

Why Forex cards are the best option for students to carry foreign currency?

A Forex card has many benefits to students as depicted below

Hassle-free

The last thing a student needs is to keep track of note bundles, whether in their wallet or at the locker. Forex cards are much more convenient to plan one’s day around, whether going to the university, or a day trip with friends. It works at merchant outlets, at international ATMs and for online transactions, with equal ease. The unbeatable rates offered for loading/reloading the IndusInd Bank’s Forex card and its free airport transfers save one from last minute runs to the money changer and also to transfer funds abroad with minimum documentations.

A Forex card can be bought  easily as most banks and Authorized Money Changers in India provide this product.

Helps keep track of expenses

The single most important thing for students overseas is to keep track of their expenses and transactions. With Forex card that comes with a mobile app, the current available balance on the card, number of transactions made oramount of money spent are all a click away. Forex cards also provide SMS notifications that inform students about all transactions made on the card, providing additional security. A detailed diary of one’s expenditure may be kept with periodic regular statements, as well as through the Indus Multi Currency Forex Card via our website.

Low cost

Forex cards don’t have any additional mark-up charges when it comes to transactions at merchants. On the Contrary credit cards that can have mark-up fees of around 2.5-3% of the transaction amount. International bookings and payments for hotels, restaurants, airlines, stores, and petrol pumps can all be made via the Travel Card at no extra charge prior to travel or post travel.

Bottom Line

If looking to apply for a Forex card that is great for students, look no further than the Indus Multi Currency Forex Cards. These cards are widely accepted worldwide, provide secure online shopping, immediate hot-listing of the card in case it is lost/stolen, instant access from anywhere and anytime through our online portal and assure easy encashment upon return to India.

Why wait !! Buy the  Indus Multicurrency Forex cards the best Forex card for Indian students, click here.

Disclaimer: The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.