Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 1 IndusInd Bank Loan against Shares

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews

    IndusInd Bank Loan against Shares is Rated as "Pretty good" by 666 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    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.

    Indusind Bank Personal Loan Offers

    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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  • IndusInd Bank Loan against Shares Reviews

    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      I changed my mind hence I didn't take loan from Indusind. I don't have any issues with them, but I felt their interest rate is too high, they was offering me 16 to 17% of interest and with high processing fee around Rs. 19,000 for 4 lakhs of loan amount.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 20, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 1.0/5 "Really Bad"
      Indusind executive did not respond well on the loan process, initially they have called me but not collected any documents and there was no response from the bank end. I am not happy with their service finally my loan application got rejected.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 20, 2017
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 4.0/5 "Great!"
      Indusind bank was very responsive when I approached them for the personal loan. But my housing loan is already running with other bank and 50% of my salary will be debited for the same. Hence the bank could not provide the loan. But I got excellent service from Indusind bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 19, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.5/5 "Excellent!"
      Initially INDUSIND was ready to offer me the loan for 18% and finally after the bargain they had offered 12% interest rate, which is very best interest rate which I got from Indusind. They took around 10 days to disburse my personal loan. The customer service and the response was good with INDUS IND. What ever loan amount I had applied, I had got it from Indusind bank, so I am happy with the loan amount too.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 17, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      The process was good with INDUS IND in concern to my personal loan application. They took around 1 week to disburse my loan. The rate of interest is high when compared with other banks. Initially they told 18% after bargaining I got the loan for 15 % as the interest rate. I am happy about the loan amount, but I am not satisfied with the interest rate offered by them.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 17, 2017
    • IndusInd Bank Personal Loan
      "Good Response"
      0.5 3.5/5 "Pretty good"
      I made an inquiry with Indusind bank for the personal loan. Even I applied for the loan as well. They promptly responded for my loan application. I had received call from Indusind and they were asking form 16 for further process but I do not have form 16 so I just dropped my plan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank was ready to provide the personal loan for five to six lakhs. Actually I requirement was ten lakhs but the bank offered only six lakhs. Hence I could not continue the loan process with Indusind. But I had received good response from the bank when I applied for the loan.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "No Response"
      0.5 2.0/5 "Expected more"
      I had applied for the personal loan with Indusind bank. Actually I approached this bank through online source. But I did not receive any kind of response from the bank. They never contacted me on my application but closed it without processing.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Hassle free experience"
      0.5 5.0/5 "Blown Away!"
      The bank service was very good, they are very cooperative. I approached Indusind bank for the personal loan for my daughter studies, Their people involved and helped to get the loan faster before the time. Interest is also nominal they gave break up of the rates, that good.
      Was this review helpful? 0
      , thane
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Inconvenient service"
      0.5 1.0/5 "Really Bad"
      I had many issues with Indusind, they didn't come to collect the documents from my place they ask me to visit to the bank. Then they did lot of verification finally they have rejected my personal loan application without giving any information. Because of this issue my credit score gone down but still they didn't return my documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 16, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      ICICI Bank is doing good in terms of personal loan They provided the funds to me on the date I required it and the funds disbursed was also to my expectations. I had applied for 2 lakhs rupees loan and received 1.6 lakhs Rate of interest they have offered is 14% and the processing fee is 1% of the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Jun 03, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      I am very happy with Indusind service, I went to direct bank and got the disbursement. My loan amount was Rs.3.5 lakhs for the tenure of the four years. They gave me fixed interest rate of 15.5% and they provided balance transfer its good. I am very satisfied with their service.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Be more flexible in the document process"
      0.5 2.0/5 "Expected more"
      Indusind Bank was not flexible on the documentation part for the personal loan. They were wanting the offer letter of the earlier company and not the current company. I do not think it is required. They could have accepted my experience letter at least.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Its Fine"
      0.5 3.0/5 "Satisfactory"
      My application was rejected by Indusind, they told me that I had applied for the loan through another different bank as well. Hence they had rejected the application but Indusind response is good, they helped me on my queries. Even interest rate is very much nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 02, 2017
    • IndusInd Bank Personal Loan
      "Better Service"
      0.5 4.0/5 "Great!"
      I was in a need of 5 lakhs but Indusind bank provides lesser loan amount with high interest rate which is 17% for the personal loan. Even I did not receive proper response from the bank. Hence I had not accepted the loan from Indusind and moved over to the other banks and got the loan as per my requirement.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Its Excellent"
      0.5 4.0/5 "Great!"
      I was getting a good salary but my pay won't credit through my account, my company provide by cash, hence Indusind rejected my loan application, as per their bank norms. Therefore I couldn't take personal loan from them. Their service is good and interest rate was also reasonable.
      Was this review helpful? 0
      , surat
      Reviewed on May 31, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Initially I arranged for the personal loan with Indusind bank but later I am not interested to avail the loan from the bank but somehow I arranged the money from other source so I did not process my loan application with Indusind bank. But the bank was very prompt in responding and they were good in all the aspects like interest rate, processing fees and the customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 29, 2017
    • IndusInd Bank Personal Loan
      "They Should Bring New Ideas"
      0.5 1.0/5 "Really Bad"
      I have few other loans are running , hence when I gave loan request to Indusind, however they have rejected it. But I am a prompt payer, I could track my record and process the loan. Indusind not potential to get the customer inside as they dont provide praactive customer service.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • IndusInd Bank Personal Loan
      "They should give clear information about laon status"
      0.5 1.0/5 "Really Bad"
      The person who came and collected the documents for the loan process was not responsible. I received a call from mumbai office they said my loan was under process but nothing came back. Indusind rate of interest is good when compared to all others but they should improve the service too.
      Was this review helpful? 0
      , chennai
      Reviewed on May 27, 2017
    • IndusInd Bank Personal Loan
      "Satisfied"
      0.5 3.0/5 "Satisfactory"
      Experience was good one with the Indusind bank and the response was fine for my personal loan application. Rate of interest for the personal loan was around 13% and the customer service was good. I have not taken the loan with them because of some other personal reason.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 26, 2017
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