How to Get a Personal Loan without Visiting the Bank?

Posted on Wednesday, January 31st, 2024 | By IndusInd Bank

Obtaining a personal loan has taken a considerable shift towards convenience with digital advancements. The advent of instant personal loans online has revolutionised the borrowing experience and has also eliminated the need for physical visits to the bank. In this age of rapid digitisation, all you need is a mobile device and an internet connection to access urgent funds anytime. Explore the ways to get online personal loans without visiting the bank. 

What are Instant Personal Loans?

Before you know how to get personal loans from the comfort of your home, it is pivotal to comprehend what instant personal loans are. Unlike traditional lending mechanisms that entail prolonged processes and intricate paperwork, instant personal loans offer attractive financial solutions accessible online. These quick loans are designed to cater to urgent financial requirements and offer a streamlined application and approval process.

IndusInd Bank personal loans are a perfect example as you can obtain instant funds through online applications and no physical documentation. The onboarding process is easy and streamlined with instant approvals and, during the entire mechanism, you do not have to visit the bank branch. The best part is that instant personal loans from IndusInd Bank are much more affordable with lower interest rates and minimal charges.

How to get Instant Personal Loans Online without Visiting the Bank?

The transition from conventional to digital banking has offered the convenience of acquiring personal loans online without setting foot in a brick-and-mortar establishment. Keeping your comfort first, IndusInd Bank offers a quick and simple 4-step process to apply for an instant personal loan:

1. Apply online: Visit the IndusInd Bank personal loan section and click on the ‘Apply Now’ button where you will be prompted to enter your PAN number, mobile number, email ID, and pin code.
2. Offers for you: Based on your application and the information mentioned in the previous steps, you will get the best running offers on personal loans. 
3. Complete the V-KYC process: To make the process quicker, IndusInd Bank has deployed a video KYC process that lets you verify your details and interact with you over a video call. You can schedule the V-KYC at your convenience. 
4. Instant approval and disbursal: Upon successful verification and based on your eligibility, your loan application will be approved instantly. The funds will then be disbursed directly to your designated bank account.
   

What are the benefits of instant personal loans?

1. Rapid processing: The hallmark of instant personal loans from IndusInd Bank is the swift approval and disbursal process, ensuring that you promptly address your financial needs.
2. Convenience: The online application negates the need for physical visits to the bank, providing unparalleled convenience. The entire process can be executed from the comfort of your home.
3. Flexible repayment options: You get flexible repayment tenures ranging between 1 year to 4 years, thus allowing you to tailor the loan to suit your financial needs and repayment capabilities.
4. Transparent terms: IndusInd Bank is committed to transparency. The terms and conditions, including interest rates and fees, are clearly outlined, empowering you to make informed decisions.
5. Flexible uses: Instant loans from IndusInd Bank are collateral-free and can be used for almost any purpose. Whether it is an emergency medical expense, or planning a wedding or dream vacation, IndusInd Bank’s loans have your back. 

Things to consider when applying for instant personal loans

1. Interest rates: Check the interest rates offered by the bank. Compare and choose a loan with the most competitive rates to minimise the overall cost. IndusInd Bank offers one the best interest rates on personal loans starting at just 10.49% per annum. 
2. Fees or charges: Be vigilant about hidden charges. Thoroughly read the terms and conditions to identify any additional fees that may apply.
3. Repayment terms: Assess the repayment terms, including the tenure and frequency of payments. Opt for a plan that aligns with your financial capabilities.

Conclusion

The digital age has not only redefined lifestyles but has also transformed how people secure financial assistance. Instant personal loans online exemplify this shift and offer a seamless and efficient alternative to traditional funding methods. With due diligence, you can navigate the online financial landscape with confidence, securing the funds you need without the constraints of physical visits to the bank. 

Embrace the era of convenience in financial transactions with IndusInd Bank personal loans and with a few clicks, unlock a variety of possibilities for your immediate financial requirements with affordability and mental peace. Apply for a personal loan 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.