Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • Loan on IndusInd Bank Credit Card

    When you are in an urgent need of cash and you do not have enough funds in your credit card or debit card, you can opt for a loan against your credit card. The loan is pre-qualified if the loan amount is equal to your credit card limit and offers a loan above credit limit. You can convert the purchases on your IndusInd credit card into EMIs if you have spent Rs.2,000 and above within 45 days of the issuance of the card. The bank offers loans with low processing fees, flexible tenure ranges.

    Types of Loan on IndusInd Bank Credit Cards

    There are two types of loans that you can avail on your IndusInd credit cards – Indus Easy Loan, and Indus Easy EMI.

    Indus Easy Loan

    This is a very simple and convenient method to avail cash when you need it the most. On availing a credit card and depending on the credit limit unutilised, the bank will offer you pre-approved loan on your credit card. All you need to do is apply for the loan and avail it.

    Benefits of Indus Easy Loan

    • No documentation required.
    • Loan is pre-approved. All you need is to approach the bank and apply for it.
    • You can avail loan against your credit card limit and loan above your credit card limit.
    • Easy repayment methods. Repay the loan through EMIs.
    • Tenure options are flexible.
    • Low processing fee.
    • You can pre-close the loan anytime.

    Indus Easy EMI

    Under this scheme, you can convert your credit card purchases into easy and flexible EMIs. If you have spent Rs.2,000 and above within 45 days of the issuance of the credit card, then you can convert your spends into easy EMIs.

    Benefits of Indus Easy EMIs

    • You can spend big using your IndusInd credit card but pay in low values EMIs.
    • This facility is pre-approved, and hence, you will not be required to submit and documents.
    • The processing fee is low. You can also pre-close anytime. However, a pre-closure will be charged.

    How to Apply for a Loan on Credit Card?

    You can apply for the loan on credit card through IndusInd credit card net banking or phone banking as well. You can also call the IndusInd credit card customer care number of the bank to request the loan.

    • To apply for the loan through net banking, here are the steps which you need to follow:

      • Visit the website of IndusInd Bank.
      • Click on the ‘net banking’ option.
      • Log in to your account and click on your registered credit card.
      • Select the option of ‘loan on credit card’.
    • To apply for the loan through mobile banking, the steps to be followed are:

      • Download Mobile Banking application.
      • Log in to Mobile Banking app by entering your customer ID and MPIN.
      • Click on the option of ‘Credit Card’.
      • Select ‘Loan on Credit Card’.

    If you are not able to access net banking or phone banking due to restricted internet access, you can call on the customer care number of the bank at 1860 267 7777 to apply for the card.

    Repayment of IndusInd Bank Loan on Credit Card

    Once your application for the loan on credit card has been approved by IndusInd Bank, you will be contacted by the bank through email or call detailing the particulars of the loan. The loan amount, interest rate, the tenure range and repayment schedule of the loan will be sent to you along with the EMI to be paid on a monthly basis.

    The EMI of the loan can be paid either via ELSS where the amount is directly debited from your savings account or you can visit the bank and pay the EMI with a cheque.

    FAQs about Loan on IndusInd Bank Credit Card

    1. What is the minimum loan amount that I can avail?

      You can avail a minimum loan amount of Rs.5,000.

    2. How many transactions can I convert into an EMI?

      You can convert a total of 10 transactions into EMIs.

    3. Do online applications have more benefits compared to the traditional way of applying?

      Yes. Since it is quick with less paperwork, it works out cheap and ultimately benefits you.

    4. What will be the benefits of an IndusInd loan on credit card?

      Less paperwork, no documentation, and quick disbursal will be some of the many benefits that come with an IndusInd loan on credit cards.

    5. What are the tenure options?

      The tenure options offered are one year, 18 months, and two years.

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