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How Can You Get a Low Interest Rate on an IndusInd Easy Credit Personal loan?
Posted on Tuesday, September 14th, 2021 | By IndusInd Bank
Having access to funds whenever you are in an urgent financial need is a power we all wish we had. But life doesn’t work that way as financial problems can arise out of nowhere. In such challenging situations, a low interest personal loan can be your saviour! More so, if it is by a modern bank such as IndusInd Bank offering a new-age borrowing experience. Keep reading to learn about IndusInd Bank’s Easy Credit personal loans.
Why Choose IndusInd Easy Credit Personal Loan?
With IndusInd Easy Credit personal loan, you can get unique features and benefits such as:
- Easy Documentation: For starters, you can obtain personal finance with IndusInd Bank with a simple documentation process. Thus, you get the advantage of quick processing and speedy disbursal.
- Flexi Loan Tenure: With IndusInd Easy Credit loan, you can choose a loan tenure between 1 to 5 years, depending on your financial requirement and repayment capacity.
- Online Application: With IndusInd Bank, availing of personal finance is easier than ever. You can conveniently apply for a personal loan online through our official website or mobile application facility. However, if you wish to take the traditional route and visit the bank branch to apply for the loan, that option is also at your disposal.
- Best-in-class Features: Apart from the instant loans, IndusInd Bank also offers some enticing features that include – attractive interest rates, doorstep services, no collateral or guarantors and much more.
How to Get a Lower Interest Rate on Your Personal Loan
Here are some effective hacks to get a low interest rate on IndusInd Bank’s Easy Credit personal loans.
Improve Your CIBIL Score
As you know, your credit score reflects your creditworthiness to the lender. It represents your repayment habits and financial history, which are essential when applying for a new loan. Therefore, a high CIBIL score is a sure shot way to get better loan repayment terms, loan amount and a lower interest rate!
Maintain a Stable Employment History
Sure, if you draw a high salary and work in a reputed company, your chances of getting better loan terms are high. But that’s not all. Your job and residential stability also play a critical role when applying for personal finance. Thus, you must have completed a minimum of 2 years in employment and hold a minimum of 1 year experience in your current organisation.
Having a decent employment history and working with credible employers gives you the upper hand to negotiate better interest rates.
Avoid Taking Multiple Loans At Once
If you are currently servicing another loan or have applied for multiple loans, it could lead to rejection of your application or fetch you higher interest rates. This is because your repayment capacity will be less if you have the burden of paying EMIs for multiple loans. Hence, you will be viewed as a risky candidate. So, avoid taking multiple loans when applying for a personal loan.
In a Nutshell
At IndusInd Bank, we believe you should never have to compromise on your dreams in life. Therefore, we provide a seamless borrowing process with quick processing and speedy disbursal of funds. All you have to do is apply for a personal loan online and go through a few simple steps before getting your desired loan amount at competitive interest rates.
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.
