Multiple banks. Different interest rates. Call it a "conflict of interest".
  • IndusInd Bank Loan against Shares is Rated as "Great!" by 986 Users

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    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.

    IndusInd Bank Loan against Shares Reviews

    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I recently took my personal loan with Indusind bank,the loan amount they have given me was sufficient, and the rate of interest they have charged me up to 18% which was reasonable compare to market rate,and they have charged me processing fee up to 1% which was nominal,but there was some communication gap between the of loan approachable and disbursal ,apart from that there service is good, i got loan on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2019
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 5.0/5 "Blown Away!"
      The rate of interest and charges are reasonable. The loan duration is 5 years. The documents are collected by the executive. I have not checked the term and conditions for foreclosure. The loan process was immediate. The customer service and response was fine in Induslnd Bank.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 19, 2019
    • IndusInd Bank Personal Loan
      "Need proper response"
      0.5 3.0/5 "Satisfactory"
      I have taken my personal loan from Induslnd Bank through online channel. The rate of interest and charges are nominal. The reason for giving average mark is I need to followup many times and mails has been sent but there was no communication. The documents are submitted to the executive.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 18, 2019
    • IndusInd Bank Personal Loan
      "Services are good"
      0.5 4.0/5 "Great!"
      A year back I have taken a personal loan from Indusind Bank. The customer support and response is fine and there are no hassles in the process. The rate of interest was of 11% but they have charged me a processing fee unlike the current experience. The fee was of 1%.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The process is good with Indusind Bank and I received the personal loan on time. I received a quick response and I got the loan in a week. The loan provided was as required. The rate of interest is of 11% and the processing charges was zero. The documents was taken on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • IndusInd Bank Personal Loan
      "Experience is good"
      0.5 5.0/5 "Blown Away!"
      It was a good process with Indusind Bank and I got the personal loan on time. The rate of interest is of 13% and the processing fee is zero. The loan amount provided was as needed. I had not hassles to get the loan and the customer services and response is fine.
      Was this review helpful? 0
      , noida
      Reviewed on Jan 18, 2019
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from the INDUISND BANK . The tenure period is 5 year and there is no hidden charges .  The customer services and response is good and I got the loan with ease and on time. They are also normal on the rate of interest and processing charges. In all no hassles in the documentation process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 18, 2019
    • IndusInd Bank Personal Loan
      "Very Good Loan services"
      0.5 5.0/5 "Blown Away!"
      I have received the timely services from the Indusind bank. There is no additional charges and they have provided me a interest rate of 12.5% and the processing fee was minimal. I have got the loan amount of Rs. 3 lakhs. Overall loan process was very nice.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • IndusInd Bank Personal Loan
      "Convenient Loan"
      0.5 4.0/5 "Great!"
      There is no reason for choosing the Indusind bank for my personal loan. They are offering low processing charges and the interest rates are fine. I have applied the loan amount of Rs. 2.5 lakhs. I have received the loan on time. The documentation process was okay. They have not much clear about the loan sanctioned time. The customer care service was good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • IndusInd Bank Personal Loan
      "Loan process should be simple"
      0.5 4.0/5 "Great!"
      Indusind bank charged insurance fee from the loan amount, my total principal is around Rs. 7.8 lakhs, in that I done balance transfer. The process was also not inconvenient but they taken almost 15 days to complete the verification and other procedure.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jan 17, 2019
    • IndusInd Bank Personal Loan
      "Documentation should be simple"
      0.5 3.0/5 "Satisfactory"
      They required so many documents and they have lots of formalities to sanction the loan it took one day extra, I am not happy with the process but they have approved 100% of loan. Indusind bank gave me zero processing fee it was the best part of the loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • IndusInd Bank Personal Loan
      "Recommendable loan product"
      0.5 4.0/5 "Great!"
      I would like to rate full mark for the Indusind bank, the customer service is good in service. The bank gave me the best personal loan interest compared to other competitor. Even they gave me the zero processing fee. But my friend got better interest than me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 17, 2019
    • IndusInd Bank Personal Loan
      "Experience is good"
      0.5 4.0/5 "Great!"
      I have a personal loan with Indusind Bank. The process to get the loan is fine. The rate of interest is around 11.5% with a zero processing fee. The loan was provide on time and the documentation was collected on time too. I received the loan amount as expected.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 15, 2019
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      They have given me a good service. I am satisfied with the Induslnd Bank. They have taken bit longer time to collect the documents. The rate of interest was prompt and there was no processing fee. They took a week to deliver the loan amount. I can do partial payment and foreclosure anytime without charges.
      Was this review helpful? 2
      , mohali
      Reviewed on Jan 14, 2019
    • IndusInd Bank Personal Loan
      "Good. Can do better on the paper work"
      0.5 3.0/5 "Satisfactory"
      Indusind bank offered me a personal loan and the process to get my loan was good. But the documentation process was on the tedious side. The interest rate was around 11% and there was no processing fee. The loan amount was also provided as needed.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 13, 2019
    • IndusInd Bank Personal Loan
      "High Interest Rates"
      0.5 3.0/5 "Satisfactory"
      When i was looking for a loan , i had applied with Indusind. There was a bit delay in my application but it was processed and approved. When it comes to the interest rates it is bit high over here. If the interest rates come down it will a good deal.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 12, 2019
    • IndusInd Bank Personal Loan
      "Its convenient"
      0.5 4.0/5 "Great!"
      Interest wise Indusind bank is good and they don't have processing fee for the personal loan. I have taken the amount of Rs. 80,000 the whole amount got credited. Most of the documents uploaded through online only few collected collected from my end and done the sanction.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jan 11, 2019
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I took my personal from Induslnd Bank through online channel. I felt the customer service is average. The rate of interest was good and there was no processing fee. The loan tenure is 3 years. I cannot do part payment. The documents are submitted online.
      Was this review helpful? 2
      , pune
      Reviewed on Jan 11, 2019
    • IndusInd Bank Personal Loan
      "Loan duration should be reduced"
      0.5 5.0/5 "Blown Away!"
      When I log in to the proposal almost they taken one month of time to process my application finally I got the loan. I was wondering why they have taken long time though I upload my documents through online. They sanctioned 100% of loan with better interest.
      Was this review helpful? 1
      , mumbai
      Reviewed on Jan 10, 2019
    • IndusInd Bank Personal Loan
      "They have given the loan on time."
      0.5 4.0/5 "Great!"
      There is no processing fee and interest rate is little bit low hence i have opted the personal loan with Indusind. The loan amount got sanctioned on Decemeber 1st which is on time delivery. They have offered me a interest rate of 12.5%. There is a part payment and pre-closure facility is there with some charges.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jan 10, 2019
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