Living abroad often leaves you with a lack of funds to support a diverse set of expenses. It can range from big expenses to sudden expenses. To cover your expenses during your stay abroad, you can apply for a personal loan. However, this may not be easy for NRIs due to a country’s banking infrastructure and regulations. Unless you get citizenship or are able to get one in your current country of residence, it is ideal to go for personal finance in India.
As an NRI, you can apply for one from a reputable institution like IndusInd Bank to take care of your emergency expenses or daily living.
Benefits of opting for an NRI personal loan with IndusInd Bank
In addition to an exceptionally fast approval and disbursement process that comes in handy during an overseas emergency, the IndusInd Bank also includes the following.
Reduced processing costs
If you’re worried about paying a processing fee in exchange for a seamless application and disbursement process, don’t! The Bank charges a nominal fee which is only a tiny percentage of your loan. The final processing fee will depend on your final request.
It’s understandable if you can’t pay off your personal loan quickly. So, why not choose one that comes with a negotiable repayment term. Since IndusInd Bank offers a wide range of terms ranging from a few days to several years, you can pay off your loan at a comfortable pace.
Attractive interest rates
When taking out a personal loan, the interest rate is often a point of consideration for all individuals, including NRIs. IndusInd Bank offers personal finance at competitive interest rates. This feature makes the loan more affordable, allowing you to borrow a larger amount which can easily cover large expenses.
Applying for an NRI personal loan at IndusInd bank does not require a lot of paperwork. You need documents proving your NRI status as well as KYC documents like PAN card etc. along with your proof of income.
As this is an unsecured loan, you can avail it from IndusInd Bank without pledging any collateral. Simply put, you don’t need a bank guarantee to be eligible for personal loan approval. This saves you the stress of keeping an asset collateral.
If you need quick funds, why wander off trying to apply for overseas funding? Simply visit the IndusInd Bank portal for personal loans for NRIs, complete your application, upload the required documents and get instant approval.
Before applying for this loan, you can also assess your monthly payments with the Bank using a personal loan EMI calculator available on their website.
Say goodbye to financial hardship abroad with a quick and hassle-free personal loan.
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Posted on: Saturday September 25, 2021 9:04 PM IST