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
    12% - 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 701 Users

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    Promised Interest Rate

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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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  • IndusInd Bank Loan against Shares Reviews

    • 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
    • IndusInd Bank Personal Loan
      "Any time any one can approach INDUS IND to avail credit"
      0.5 4.0/5 "Great!"
      Everything was lined up properly expect for the foreclosure charges, what ever they are promising should be there on the paper works too so that it would be more interesting. For example, I took the personal loan through online channel. I was confirmed that I can preclose the loan any time after 12 months with zero percent interest I can pay off the loan anytime after 12 months this information was communicated to me verbally. However when I got the welcome kit I was shocked to see the terms as it was different and I have to preclose the loan after 24 months and there would be charge of 2%. Nevertheless I am happy with them as other parameters were good and I would conclude stating that any one can approach INDUSIND to avail credit.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      Rate of interest was around 12% and the customer service was really quick and fast, also the response was really good one. Communication aspects are really good one with them. In future also, I would like to go ahead with them. Response is really professional one with them. The loan amount got disbursed to my account after a week of time due to some long holiday.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 23, 2017
    • IndusInd Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      Indusind bank actually did not handle the personal loan process well. It was not okay, I was told three working days before taking the loan. Finally it took ten days. Before I could submit the paper work, I received calls every day asking me when the executive could come to collect it. After I gave the documents, there were no calls and I had to follow up. Finally, I came to a stage where I said I do not want the loan. The interest rate and charges are not that great. The tenure is for two years.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 22, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The Indus Ind bank customer service told that my profile haven't met their loan eligibility criteria., The service which was given by Indus ind was good,. The rate of interest was high when compared with HDB financial service. I got an average service from Indus ind bank.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 18, 2017
    • IndusInd Bank Personal Loan
      "Simply Good"
      0.5 5.0/5 "Blown Away!"
      Indusind bank had processed my loan application properly. I am satisfied with the interest rate and their involvement was really good during the process. I got the personal loan without any hassles from the bank side. In all it is simply good.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Hassle free and customer friendly"
      0.5 5.0/5 "Blown Away!"
      I had very good experience with Indusind, they have processed the personal loan within a week, Documentation process was quite good. Interest rate was also nominal as per other banks. Service is also extra ordinary within the time limit they done the process.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Not Interested"
      0.5 1.0/5 "Really Bad"
      Same thing happend to me when I applied for the personal loan with Indusind bank. First time when I applied for the credit card, I had received no response from the bank. I thought they would respond me this time for the personal loan but again got no response. Totally disappointed and not interested in Indusind bank anymore.
      Was this review helpful? 0
      , indore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "DISSATISFIED"
      0.5 2.0/5 "Expected more"
      Indus ind Bank was not flexible on the documentation part for the personal loan the bank demanded certain documents which I had already submitted via online. First of all I applied for 65 thousand they have charged 2500 as processing fee and charge and after applying the loan it got delayed very much and I received the same after three weeks of time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2017
    • IndusInd Bank Personal Loan
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      Personal loan process was bit delayed from Indusind bank. As per the norms the loan process should be completed in three to four days but they took nearly ten to eleven days for the completion. Customer service is a kind of ok. And overall the service is average.
      Was this review helpful? 0
      , delhi
      Reviewed on Aug 14, 2017
    • IndusInd Bank Personal Loan
      "Its Average"
      0.5 4.0/5 "Great!"
      I had planned to take personal loan for my marriage but it got postponed, hence I am planning to take the loan later from Indusind bank. But I was not happy with them, as they insisted me to take personal loan from them however I am not fine with that part.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • IndusInd Bank Personal Loan
      "Nice Service"
      0.5 4.0/5 "Great!"
      When I was planning to get the personal loan, first I approached HDFC bank through online source but the bank services are not satisfactory. Therefore I directly approached Indusind bank and I got the loan too. The rate of interest is lower than the other bank which is of 11%. Moreover I had received the loan on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 11, 2017
    • IndusInd Bank Personal Loan
      "Loan process should be flexible"
      0.5 3.0/5 "Satisfactory"
      My salary criteria was not met with Indusind bank norms, Finally I got a call from them, they said I am not eligible to take loan from them. Because I was getting salary of Rs.25,000 its not sufficient to take 1 lakh. Hence I dropped the plan to avail from it.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 10, 2017
    • IndusInd Bank Personal Loan
      "Its okay"
      0.5 4.0/5 "Great!"
      Nothing much to talk about INDUSIND due to cibil issues I was unable to take the personal loan. Unable to recall the service offered by INDUSIND because it happened some time back. I am happy with the interest rate and processing fee charged by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 08, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      Indusind bank has disbursed my personal loan within 8 days of time. The customer service and the response with Indusind is good. The rate of interest is 12% Compare to other banks it is normal. The required loan amount was disbursed on time and I am happy in fact with the loan amount offered by them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 07, 2017
    • IndusInd Bank Personal Loan
      "Charges are high"
      0.5 5.0/5 "Blown Away!"
      I had received a fair service from Indusind bank for the personal loan. Interest rate is ok but they did not reduce it, they could have been reduced. Also the foreclosure charges are high so it should be reduced. Other than that, I never interacted with customer support executive. Overall process went good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 05, 2017
    • IndusInd Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      Compared to other banks the Interest rate is reasonable with Indus ind Personal loan concern but the processing fee is very less when compared with other banks. Within 2 weeks of time they have disbursed my personal loan. The customer service and the response is very good with Indus ind bank . I am satisfied and happy about the loan amount.
      Was this review helpful? 0
      , kolkata
      Reviewed on Aug 03, 2017
    • IndusInd Bank Personal Loan
      "Fantastic"
      0.5 4.0/5 "Great!"
      My experience was really nice with the Indusind bank for the personal loan. The loan amount got disbursed within seven days of time. Response is a fine one and the processing charges got waived off, but it is inclusive of insurance amount too.
      Was this review helpful? 0
      , mumbai
      Reviewed on Aug 02, 2017
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      Indusind bank has disbursed my personal loan within 8 to 10 days of time. The customer service and the response with Indusind is good. The rate of interest is high when compared with others. The required loan amount was disbursed on time and I am happy in fact with the loan amount offered by them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 02, 2017
    • IndusInd Bank Personal Loan
      "Pre-closure"
      0.5 0.5/5 "Unacceptable"
      Indus-ind is a stupid bank with bunch of unprofessional s working, they had approved my loan without my permission and charging the foreclosure to close out the loan. I do not recommend anyone to be part of this Stupid bank and suggest blocking the calls from this bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 27, 2017
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