Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • IndusInd Bank Loan against Shares Reviews

    • IndusInd Bank Personal Loan
      "Its average"
      0.5 3.5/5 "Pretty good"
      I was not in a need to take personal loan, therefore I didn't avail loan from Indusind bank. But still their response was good, the executive have contacted me and offered nominal interest rate as per the market. But I don't have any requirement to proceed.
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      , mumbai
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Its Fine"
      0.5 4.0/5 "Great!"
      Indusind bank were demanding the salary slip, but my company used to deposit the cheque to all employee hence I don't have salary slip but still I have knowledge copy of the salary through bank statement. But Indusind bank was not ready to sanction the loan.
      Was this review helpful? 0
      , coimbatore
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 2.0/5 "Expected more"
      I have not taken the personal loan with the Indusind bank because I have not get the proper feedback from them. Response is good one with the Indusind bank and I would like to suggest that they have to improve.
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      , pune
      Reviewed on Sep 25, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have approached INDUSIND bank for my personal loan. The customer service and responses are really good. They have rejected my application due to my current loans, after completing my loans they asked me to approach. I have no idea about the rate of interest and charges here . My overall experience was good.
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      , bangalore
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      Indusind bank people are very professional I had no challenges with Indusind bank for the personal loan process and they would have completed the loan process promptly but I have postponed from my side for some time I really appreciate the service provided by them
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      , new delhi
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      I have approached INDUSIND bank for my personal loan. The rate of interest was 11.5% which was good but I have taken my loan form HDFC bank since they approached me first. The customer service and responses was up the mark so I would like to rate 3.5 out of 5 overall.
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      , noida
      Reviewed on Sep 24, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The customer service is good with Indus ind bank . They have disbursed my loan within 2days of time. They have offered me a loan based on my credit card. It is a pre approved loan and I never submitted any documents in regards to my personal loan ,. I am satisfied with the loan amount. The rate of interest is nominal with Indus ind bank.
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      , hyderabad
      Reviewed on Sep 23, 2017
    • IndusInd Bank Personal Loan
      "SATISFACTORY"
      0.5 3.0/5 "Satisfactory"
      I preferred Indusind bank for the personal loan, hence I applied for the loan online. But I just postponed my plan so I did not take the loan. I had received good response and service from the bank for my loan application i asked the amount which they where not ready to offer so cancelled
      Was this review helpful? 0
      , kharagpur
      Reviewed on Sep 23, 2017
    • IndusInd Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Indusind bank and the bank has offered me a interest rate around 12% where as there were banks offering me a rate of 11%. The charges are normal. The customer services are good and they were responsive through the process.
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      , hyderabad
      Reviewed on Sep 23, 2017
    • IndusInd Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from Indusind bank. The process was easy and the documentation was also a simple process. The interest rate was around 12% and processing charges is also normal. The after loan services is good and with ease the whole process was done.
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      , chennai
      Reviewed on Sep 22, 2017
    • IndusInd Bank Personal Loan
      "Service part should be improved"
      0.5 1.0/5 "Really Bad"
      Indusind bank executive called me and requested for bank statement and pay slip. Then the confirmed about my salary date, I informed my salary date is not constant it would get change every month. Hence the executive said me couldn't process my loan , I would like to suggest them. First they should collect customer documents, after verifying only they should close the application.
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      , hyderabad
      Reviewed on Sep 19, 2017
    • IndusInd Bank Personal Loan
      "They need to update the application"
      0.5 2.5/5 "Just OK"
      Once I logged in their Indusind netbanking, to see my personal loan details it was not updated. when I contacted the bank customer service, they said that option was not available currently. It would be great if they improve their online feature, Indusind loan process was also average.
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      , bangalore
      Reviewed on Sep 15, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The promises need to be fulfilled by the Indus ind bank. Initially they gave a call and explained me about the product and they told they can fix an appointment to collect the document but no one turned up , The transparency is needed in the loan process. The rate of interest was nominal when compared with other banks. The status of the product need to be informed to the customers.
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      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 4.0/5 "Great!"
      I haven't received personal loan from Indus ind, because I have got the loan from TATA CAPITAL ,I found TATA capital gives best offer than Indus ind, so that was the reason I haven't proceed with INDUS Ind bank personal loan. The rate of interest is nominal with Indus ind when compared with others.
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      , chennai
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      On 23rd July only my company completed one year hence all bank have rejected my loan application. Therefore I decided not to go with Indusind because my company name was not listed in any of the bank. Hence I closed my application, but Indusind is good, each and everything is good with INDUSIND.
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      , bangalore
      Reviewed on Sep 14, 2017
    • IndusInd Bank Personal Loan
      "Very professional"
      0.5 5.0/5 "Blown Away!"
      I had no challenges with Indusind bank for the personal loan process. Indusind bank people are very professional and they have completed the loan process promptly. But interest rate could be little lesser than this but it is ok and I have no issues on that. I really appreciate the service provided by them.
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      , new delhi
      Reviewed on Sep 07, 2017
    • IndusInd Bank Personal Loan
      "Fanstastic"
      0.5 4.0/5 "Great!"
      INDUS Ind bank personal loan process was a kind of okay, the time scales taken to process the loan was around 25 days. Verification process was very much tedious. Interest rate offered by them was around 16% I had no other option therefore I had accepted that. However I was looking out for a rate of 13% to 14%.
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      , bangalore
      Reviewed on Aug 28, 2017
    • IndusInd Bank Personal Loan
      "Need to improve"
      0.5 1.0/5 "Really Bad"
      I have got the personal loan with the Indusind bank and the interest rate is around 19%. Customer service is not really a good one like they will not take care of the customer in proper way. Response is also not really a fine one.
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      , bangalore
      Reviewed on Aug 26, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The Indus Ind bank took about 2 week time to disburse my personal loan. Indus ind executive took personal care and he was very prompt in his service. The rate of interest is nominal with Indus ind. It was a pre-apporved loan they have disbursed it within the time period.
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      , kolkata
      Reviewed on Aug 24, 2017
    • IndusInd Bank Personal Loan
      "Delayed service with unprofessional behaviour"
      0.5 3.0/5 "Satisfactory"
      There was no challenges with Indusind bank for my personal loan service. But the bank is very slow in process. They had taken around 12 days to disburse the loan post approval. Even on emi payment, my emi date is 4th Aug. I got the call from the bank and they told me that they will send the executive to collect the payment in an unprofessional tone. I just told them that I made the payment and I sent the soft copy as well. They did not even regret for such a call. Moreover they collected my blank cheque, I believe no bank will collect the blank cheque but they collected mine.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 23, 2017
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    IndusInd Bank Loan against Shares is Rated as "Pretty good" by 716 Users

    Fees & Charges

    Promised Interest Rate

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    Personal Loan BYTES FROM OUR KITCHEN

    IndusInd Bank Loan against Shares

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    Overview about IndusInd Bank Loan against Shares

    IndusInd Bank offers a special loan for individuals that cashes in on the value of investments made by the applicant. Investments are generally made to avail long term benefits, but they score low on liquidity. This loan helps in negating that downside, by providing capitalisation options on investments in securities like equity shares, mutual bonds and insurance policies. The loan amount is by all means a personal loan with an added advantage of lower interest rates and optional part payments that reduce the interest burden even more.

    Where can an IndusInd Bank Loan against Shares be used?

    IndusInd Bank Loan against Shares is quite versatile in its usability. The bank doesn’t impose many limitations on the loan usage apart from the restriction that the loan amount cannot be used for any speculative purposes or for purchasing land or gold. The loan is in the form of an annually renewable overdraft, so one can easily avoid paying excess interest by just refraining from renewing the loan and paying up the EMIs on time.

    Who can apply for IndusInd Bank Loan against Shares?

    The loan provided against investment securities can be availed specifically by all resident individuals who have invested in securities approved by IndusInd Bank. Individuals within the age of 21 years and 70 years can apply for this loan for business and/or personal use.

    What are the minimum and maximum loan limits?

    The loan or overdraft amounts under the Loan against Shares facility depend upon the securities that are held by the applicant. As per the value of those securities, a loan amount ranging from INR 2 lakhs to INR 20 lakhs can be sanctioned to an applicant through an overdraft.

    The loan applied is for a tenure of 1 year and is renewable for every year post that.

    What are the interest rates?

    Interest payable on IndusInd Bank Loan against Shares varies as per the usage of the amount. The rates are based on the discretion of the bank, though as of November 2015 they are within the range of 11% to 14% per annum. Overdraft amount that is actually used and for the amount of time used will be used for calculation of interest, irrespective of the overdraft limit issued. Margin charged by IndusInd can vary from 35% to 65% based on the shares list of the applicant.

    What documents are required for IndusInd Bank Loan against Shares?

    • Identity proof (Government approved – PAN Card, Passport, Voter ID)
    • Address Proof (Rental agreement, Business establishment deeds, etc.)
    • Signature proof
    • Pledge of shares
    • Application form and loan agreement

    How to apply for IndusInd Bank Loan against Shares Financing?

    This financing can be applied for online at IndusInd Bank’s website or at any physical branch. One should possess the necessary documentation to be submitted at the time of applying for this financing option.

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