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.
There are two types of loans that you can avail on your IndusInd credit cards – Indus Easy Loan, and Indus Easy EMI.
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
Other Banks Loan on Credit Card
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 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:
To apply for the loan through mobile banking, the steps to be followed are:
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.
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.
You can avail a minimum loan amount of Rs.5,000.
You can convert a total of 10 transactions into EMIs.
Yes. Since it is quick with less paperwork, it works out cheap and ultimately benefits you.
Less paperwork, no documentation, and quick disbursal will be some of the many benefits that come with an IndusInd loan on credit cards.
The tenure options offered are one year, 18 months, and two years.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.