Are you in need of urgent finance in Chennai? Wondering how to avail a personal loan with ease? If the answer to both is yes, then you must consider exploring online deals that offer instant personal loan approval processes. Look for options with 100% paperless documentation and a competitive rate of interest. Also, consider using an online personal loan EMI calculator to plan out your Equated Monthly Instalments (EMIs) effectively. 

However, before diving into any of this, being aware of the basics is crucial. Discussed here are the essential things you must know to avail a personal loan in Chennai.

1) Understand Your Eligibility Criteria

The initial step in availing a personal loan in Chennai is being aware of the eligibility parameters set by the preferred financial institution. These typically include income, age, employment status, and credit score. Lenders prefer applicants who have a stable income and an excellent credit score of 750 and above. However, a few other lenders may offer loans for CIBIL defaulters in Chennai, but these may come with higher interest rates and processing charges. So, to avail the benefit of lower rates and other favourable terms and conditions, ensure you maintain an excellent credit score and profile.  

2) Compare Distinct Loan Offers

Distinct financial institutions provide differing terms for personal loans in Chennai. It is essential to compare these offers to zero in on the one that best matches your needs. For instance, IndusInd Bank offers enticing instant personal loan terms that simplify your loan planning and processing. These terms include – 

3) Know the Application Procedure

Applying for a personal loan in Chennai can be simple if you follow the correct steps. Here’s how you can get a personal loan from IndusInd Bank – 

• Input Your Details

Visit the IndusInd Bank website and search for the personal loan page. On the page, you will be prompted to input your mobile number and PAN details. Make sure you have your address, income, and Aadhaar details handy for quicker processing. This step is essential as it assists the bank in accumulating basic information about your financial status and contact details, allowing them to tailor loan offers as per your needs.  

• Best Offer for You

Depending on the details you have provided, IndusInd Bank will fetch the most prudent deal for you. You will be presented with distinct loan options customised to your needs, each with distinct rates and repayment tenures. This tailored approach allows you to select the most suitable loan deal without the stress of sifting through distinct offers. 

• Complete Application

Once you choose the deal that best matches your needs, complete the application process. The steps involved are completing a video KYC and setting up an auto-repayment facility linked to your bank account. The video KYC process is a convenient and secure means to authenticate your identity without the requirement of visiting the branch, while the auto-repayment facility ensures your EMIs are paid timely, helping you avoid late payment penalties.

• Receive Proceeds

After your application is authenticated and approved, the proceeds will be disbursed directly to your bank account. This process is quick, allowing you to access the funds almost instantly once approved. Once the required funds are in your account, you can start using them instantly for your financial needs, whether for home renovations, medical exigencies, or any other immediate or planned expenses. 

4) Use Online Instruments for Better Financial Planning

Before applying for a personal loan, ensure to make use of online instruments like a personal loan EMI calculator. This instrument allows you to understand your month-on-month repayments and plan your finances in a better way. Knowing your EMI beforehand can assist you in managing your budget and avoiding any financial constraints. 

Also Read: Economic Planning Made Easy: Leveraging a Personal Loan EMI Calculator for Budgeting

Ending Note

Securing a personal loan in Chennai requires understanding the eligibility parameters, comparing distinct loan deals, being aware of the online application process, and using an online tool for better planning. By opting for a personal loan with a seamless application process, like the one offered by IndusInd Bank, you can easily avail the funds you require.

IndusInd Bank Personal Loans come with enticing repayment terms, a 100% paperless process, and an instant disbursal feature, making them a prudent choice for urgent finance in Chennai. So, why wait? Opt for an IndusInd Bank Personal loan and address your financial needs with ease today. Apply now! 

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.  

Are you dreaming of a quick escape from the regular grind? If yes, then you are not alone. Many find themselves yearning for a change of scenery to recharge and refresh their minds. Whether it is a short break or a short holiday, planning a getaway can be exciting. But what if inadequate funds are holding you back? Here’s where a travel loan can help. 

A travel loan is a variant of a personal loan that provides the financial boost you need to turn your holiday plans into actuality without exhausting your investments or savings. To know more about how to leverage personal loans for short-term holidays, continue reading. Here are four essential tips to get you started. 

1) Evaluate Your Budget and Loan Needs

Before diving into travel loans, it is essential to evaluate your budget. How much do you require for your quick trip? Make a proper list of all potential expenditures, including travel, food, accommodation, and activities. Once you have a proper understanding of the overall cost, you can determine the loan proceeds required. Borrowing more than required can increase the Equated Monthly Instalment (EMI) amount, which may strain your finances. Use an online personal loan EMI calculator to understand your repayment potential and plan accordingly. 

2) Select the Correct Lender

Choosing the correct personal loan lender is key to a stress-free travel loan experience. Distinct financial institutions offer differing terms and interest rates. For instance, IndusInd Bank provides instant personal loans with attractive benefits. These include:

The convenience of a seamless and swift application process by IndusInd Bank ensures you get the funds you need without delays. Also, competitive rates and flexible repayment terms make it an enticing option for funding your dream trip. 

3) Beware of the Loan Terms

Once you have selected a lender, it is crucial to understand the terms of the loan. Pay a close look at the interest rate, repayment tenure, and any additional fees, such as processing charges or prepayment penalties. Short trips are best financed by loans with shorter repayment tenures to avoid long-term financial commitments. Make sure you read the fine print and ask the preferred lender any questions you may have. This will help avoid any surprises later and ensure you are completely aware of your obligations. 

4) Plan Your Repayments

Repayment planning is essential when availing a travel loan. Your month-on-month EMI must be manageable within your budget. Make use of an online personal loan EMI calculator to plan out your repayments. Ensure your EMIs are within a comfortable percentage of your monthly income. This will allow you to enjoy your trip without fretting about repayments and prevent monetary stress post your holiday.

Also Read: Using Personal Loans to Finance Travel and Adventures

Ending Note

Using a personal loan for a short trip can be a prudent way to finance your travels without burdening your savings. By examining your budget, selecting the correct lender, understanding loan terms, planning your repayments, and preparing a financial backup, you can enjoy a worry-free quick break. 

Avail an instant personal loan from IndusInd Bank if you want to make the most out of benefits such as a 100% paperless documentation process, repayment tenure of up to four years, enticing interest rates, and loan proceeds of anywhere between ₹30,000 and ₹5 lakh. 

So, are you ready for the trip? If yes, apply for the IndusInd Bank Personal Loan today and make your vacation dream a reality! 

Apply now!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.  

Have you ever heard of a masked Aadhaar card? What is it and why must you care? In the present day’s digital era, protecting your information is essential. The masked Aadhaar card provides a secure way to use your Aadhaar details without compromising your privacy. 

This simple yet powerful document ensures your data stays safe while still enabling you to enjoy the benefits of having an Aadhaar card. Let’s discuss what a masked Aadhaar card is, its uses, and how you can download it.

What is a Masked Aadhaar Card?

A masked Aadhaar card is a version of your Aadhaar card where the first eight figures of your Aadhaar number are replaced with asterisks (*) while only the last four figures are visible. This helps in keeping your Aadhaar number secure while you use it for authentication. By being aware of the masked Aadhaar card meaning, you can maintain privacy and security.

Masked Aadhaar cards are especially useful in scenarios where you need to provide identity proof but do not want to reveal your complete Aadhaar details. This lowers the risk of identity theft and misuse of your details.

Uses of a Masked Aadhaar Card

1) Identity proof

A masked Aadhaar card can be utilised as identity proof for distinct services such as getting a new phone connection, opening a bank account, or any service that needs identity verification. It maintains the integrity of your personal details by hiding most of your Aadhaar number.

2) Safe Transactions

When performing transactions that require Aadhaar verification, using a masked Aadhaar card ensures your complete Aadhaar number is not exposed, adding a security layer.

3) Preventing Identity Theft

By masking your Aadhaar number, you lower the risk of identity theft. This is especially vital when your Aadhaar card is used in multiple places.

When are You Required to Submit Unmasked Aadhaar Card Details?

In certain cases, you may be required to submit your unmasked Aadhaar card or full Aadhar Card number. For instance, when applying for an online personal loan. Why? This is because the Aadhar Number when verified with otp provides the lender with full details, ensuring a higher level of security and authenticity in the verification process.

To avail a suitable personal loan, consider IndusInd Bank. Instant Personal loans by IndusInd Bank offer a 100% paperless application process, a flexible repayment tenure ranging between one and four years, and loan proceeds from ₹30,000 to ₹5 lakh. For a smooth KYC (Know Your Customer) process, provide your unmasked Aadhaar card details.

Note that before applying for a personal loan, you must use an online personal loan EMI calculator. Using an EMI calculator helps you to estimate your monthly repayments and overall interest costs, enabling better financial planning and ensuring the personal loan terms are manageable within your monthly budget.

Also Read: How To Improve Your Chances of Getting a Personal Loan?

Download Instructions for Masked Aadhaar Card

Follow the instructions given below to download your masked Aadhaar card for added security and privacy:

1) Visit the official UIDAI site

Go to the Unique Identification Authority of India (UIDAI) official site.

2) Choose “Download Aadhaar”

Under the section “My Aadhaar,” go to the “Get Aadhaar” section and click on the option “Download Aadhaar.”

3) Input Your Details

Input your Aadhaar number, Enrolment ID (EID) number, or Virtual ID (VID) number. Enter the captcha. Hit on send OTP. Next, tick the option “Do you want a masked Aadhaar?” Enter the OTP.

4) Authenticate and Download

Finish the OTP authentication sent to your registered mobile number. Once authenticated, you can download your masked Aadhaar card in PDF format. The file will be protected by a password, with the password being the first four letters of your name (in uppercase) followed by your birth year.

Ending Note

A masked Aadhaar card is a secure and smart way to use your Aadhaar card details without compromising your privacy. It can be utilised for identity verification, safe transactions and preventing identity theft. You can easily download a masked Aadhaar card through the official UIDAI website.

However, with a personal loan application, unmasked Aadhaar card details may be required. This is necessary to complete proper identity verification and ensure the authenticity of the loan seeker. It also allows the lender to comply with regulatory requirements and prevent fraud.

So, if you need a personal loan, ensure to keep your Aadhaar details handy for smooth authentication. Apply for the IndusInd Bank Instant Personal Loan and experience the convenience of a 100% paperless process with utmost security! 

Apply now!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.  

Availing a personal loan can be a hassle-free way to manage your finances, whether you need to cover unanticipated expenditures, consolidate debt, or finance a major purchase. With flexible repayment options and competitive interest rates, this loan can offer the financial support you require without stress. But how do you find the best deal among many in Bangalore? 

To find the best deal, consider applying for the IndusInd Bank Instant Personal Loan, which offers a seamless online application process and quick approval. Read on to learn about the benefits of personal loans and the best stepwise way to avail loans in Bangalore. 

Benefits of Personal Loans

Personal loans provide several benefits that make them an enticing option for many. The benefits include:

1) Zero Collateral Required

Unlike secured loans, personal loans do not need you to pledge any assets. This means you do not need to offer any security or collateral, such as a car or home, to avail a personal loan. This feature makes personal loans a prudent choice for individuals who may not have considerable assets but still need access to finance in Bangalore. It is also a relief for the ones who prefer not to risk their personal security. 

2) Flexible Use

One of the fundamental advantages of personal loans is their versatility. You can use the loan proceeds for distinct purposes, whether it is a medical exigency, wedding expenditures, home renovation, or even a dream trip. Unlike other loan types, which are often limited to specific uses, personal loans in Bangalore offer the liberty to spend the funds as per your needs. This flexibility makes them a practical choice for many financial requirements. 

3) Easy EMI Solutions

Managing repayments is easy with personal loans, thanks to Equated Monthly Instalments (EMIs). With the assistance of an online personal loan EMI calculator, you can plan out your repayment conveniently. This tool enables you to decide the EMI depending on the loan proceeds, repayment tenure, and rate of interest, ensuring that you select a repayment plan that matches your budget. This ease of computation helps in maintaining better control over your finances.

Read More: How Personal Loan EMI Calculators Fuel Your Financial Strategy?

How to Get a Personal Loan in Bangalore Online Via IndusInd Bank?

Here’s a straightforward guide to assist you in getting a personal loan in Bangalore via IndusInd Bank. 

1) Input Your Details

Visit the IndusInd Bank website and search for the personal loan section. On the personal loan page, enter your PAN details and mobile number. For faster processing, be sure to keep your Aadhaar, address, and income details handy.

2) Best Offer for You

Depending on the information provided, IndusInd Bank will fetch the best offer available for you. You can see options personalised to your needs with distinct interest rates and tenures. 

3) Complete Application

Once you choose the offer as per preference, you need to complete the application procedure. This involves completing the V-KYC or Video Know Your Customer process and setting up an auto repayment facility. In case you are wondering about the features offered by IndusInd Bank Personal Loan, you can check them this table:

4) Receive Funds

Once the application is verified and approved, the loan proceeds will be disbursed directly into your bank account. Once disbursed, you can begin using the funds instantly for your financial needs.

Ending Note

IndusInd Bank Personal Loans are the best option because of benefits such as flexible tenure, paperless process, no collateral requirement, and flexible usage. To secure a personal loan in Bangalore via IndusInd Bank, you just need to follow three simple steps namely – input your details, choose the best offer, and complete the loan application. 

So, are you ready to get started? Visit IndusInd Bank’s website today and take the first step towards securing your personal loan in Bangalore.

Apply now!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.  

Are you in urgent need of funds but in a dilemma about whether to opt for a personal loan or an Employees’ Provident Fund (EPF) advance? Both options can offer financial relief, but they serve different purposes and come with distinct conditions. 

While a personal loan provides instant access to funds with flexible repayment terms, an EPF advance allows you to borrow from retirement savings under specific conditions. By knowing the differences between both financial products, you can make a well-informed decision. 

Read on to understand the key distinctions between personal loans and EPF advances for better financial planning and peace of mind. 

1) Purpose and Usage

Personal loans are versatile financial products and can be used for distinct purposes, such as weddings, medical exigencies, travel, or home renovations. Financial institutions provide personal loans depending on your credibility and repayment potential. 

For example, IndusInd Bank offers personal loans with flexible repayment tenures ranging between one and four years and loan proceeds from ₹30,000 to ₹5 lakh at enticing interest rates, catering to diverse financial needs.

An EPF advance, in contrast, is meant for specific purposes outlined by the Employees’ Provident Fund Organisation (EPFO). These include the purchase or construction of a house, medical treatment, higher studies, etc. The usage of EPF advances is thus restricted compared to personal loans. 

Note that there is no concept of an EPF loan because EPF funds are meant solely for long-term savings and retirement benefits. Instead of a loan, EPF provides withdrawals or advances under specific conditions mentioned above with no repayment.

2) Eligibility Parameters

Eligibility for a personal loan is based on parameters such as your credit score, income, employment status, and repayment record. Financial institutions require you to meet specific criteria to qualify for a loan. 

These criteria include an age requirement of between 21 and 60 years, a minimum net monthly income of around ₹25,000, a minimum of two years in employment, and a minimum of one year in the current organisation, a minimum of one year of stay at the current residence, if rented, and a credit score of 730 and above.

EPF advances are available just to members of the EPF scheme who have a specific amount of funds accumulated in their EPF account. The eligibility and the fund you can withdraw depends on your balance and the purpose for which you are looking for the advance.  

3) Repayment Terms

Personal loans come with a fixed term, which includes the loan proceeds, tenure, and rate of interest. The repayment is done in Equated Monthly Instalments (EMIs), and you can use an online personal loan EMI calculator to determine your monthly obligations. As outlined above, the repayment tenure for IndusInd Bank Personal Loan ranges between one and four years, which provides a clear repayment structure. 

EPF advances do not require repayment, as they are withdrawals from your provident fund savings. However, choosing this option means you are lowering your overall retirement corpus, which could affect your long-term financial planning and stability.  

4) Documentation Requirement and Processing Duration

A personal loan involves a quicker processing time, especially with financial institutions like IndusInd Bank that offer 100% paperless processes. This means the approval and disbursal of a loan happen rapidly without the hassle of extensive documentation. 

The processing time for EPF advances can be longer, as it involves authentication by the EPFO and is subject to their procedural timelines. While documentation for advances may be simple, it still requires adherence to guidelines set by the EPFO.

Also Read: How to Get a Personal Loan without Visiting the Bank?

Ending Note

Selecting between a personal loan and an EPF advance depends on your financial needs and circumstances. 

Instant personal loans offered by IndusInd Bank offer great flexibility in terms of usage, a straightforward repayment plan, competitive rates, and a 100% paperless documentation process, making them ideal for meeting a variety of fund mismatches. 

EPF advances, on the other hand, are beneficial for specific purposes and do not require repayment, though they impact your retirement planning. So, to make the best choice, assess your needs well.  

In case you decide on a personal loan, avail it from IndusInd Bank to leverage the range of benefits offered. Apply Now!

Disclaimer: The information provided in this article is generic and for informational purposes only. It is not a substitute for specific advice in your 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 making any financial decisions based on the contents and information.