Multiple banks. Different interest rates. Call it a "conflict of interest".
Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • IndusInd Bank Loan against Shares is Rated as "Pretty good" by 769 Users

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    IndusInd Bank Loan against Shares

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    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!"
      My personal loan application was approved with IndusInd bank and the experience was quite good. The process was smooth and it took one month for the loan to get approved. Customer service was fine and they provided door step service to collect the documents. The rate of interest of 11.46% was nominal when compared to all other banks.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • IndusInd Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      Within the short time I got the personal loan from Indus ind bank. The customer support was prompt with the Indus ind bank. Their executives came to my place to collect the documents on time. The requested loan amount has been approved and I am satisfied with it.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 08, 2017
    • IndusInd Bank Personal Loan
      "Short Process"
      0.5 4.0/5 "Great!"
      I took a Personal Loan with Indusind as I was in a need of taking one. They gave me the Loan pretty easily, as I already had an existing relationship with them. The process was very short and document weren't much. They charged me Rate of interest of 14% which I feel is a little high.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan with Indusind bank.The loan amount is 2 lakhs,rate of interest is nominal as compared to other.The service is not up to the mark because they had taken my documents they promised to submit back however its been one months no one has turned up for the same.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2017
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 2.0/5 "Expected more"
      The Indus Ind bank has offered me a personal loan with a high interest rate and their customer support didn't gave proper response in regards to my personal loan application. The customer support need to be improved with their service part.
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 06, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Indusind Bank is quite fast in the process for the personal loan. They stick to their commitments and they are professional in the process. The interest rate and processing charges are nominal and the after loan services are good too. No hassles overall.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 21, 2017
    • IndusInd Bank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      It was a good experience with Indusind Bank for the personal loan. I did not face any problems to get the loan. It took around a week and the disbursement was as needed. I guess the rate of interest was around 10.5% and processing fees is around 1K.
      Was this review helpful? 0
      , panchkula
      Reviewed on Nov 21, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have applied for a personal loan with IndusInd bank. They collected the documents by next day which was a very smooth process and within 3 to 4 working days my personal loan got approved and disbursed. They offered me the loan with 15.5% as rate of interest and the processing fees was 1% plus service tax normal and also part payment is available.
      Was this review helpful? 0
      , nagpur
      Reviewed on Nov 20, 2017
    • IndusInd Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      There was a major delay on the documentation collection apart from this everything was fine. There is no much difference on the interest rate. I got 49K after the processing fee deduction. I would appreciate if it could be much better on process wise. The payment goes through ECS every month.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Very good services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is with Indusind Bank and the process to get this loan was good. They were quick and the disbursement was on time too. I am also comfortable with the rate of interest and processing charges. The after loan services is overall good.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      Got around Rs,50,000 personal loan from Indus ind. I got this loan around 3 years ago, The customer support was average with Indus ind bank, they need to improve with their response. The rate of interest and the charges are nominal with Indus ind bank personal loans.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 15, 2017
    • IndusInd Bank Personal Loan
      "Simple, responsive and timely"
      0.5 5.0/5 "Blown Away!"
      It was more of a take over from my existing bank, I was doing a check on my eligibility online, I was provided many options and the best was Indusind as the rate of interest was very much competitive, everything was on place expect for the delay from my side. The best part being initially, they sanctioned a lesser loan amount and therefore I rejected the application and the deal stopped. However they themselves called up to check whether i am interested or not, at that time I took some time to think around 10 days and finally gave my consent to them. INDUSIND was Spontaneous and kind enough in proceeding further with the loan process without any hesitation, in the next few days my loan was disbursed and that part impressed me.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 10, 2017
    • IndusInd Bank Personal Loan
      "Personal loan with INDUSIND BANK"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from INDUSIND BANK. The approved loan amount was 4 lakhs.The rate of interest with the bank is 17 percentage. The monthly EMI comes around 14218. The tenure with the bank is for 36 months. The even have pre closure facility.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 09, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      To begin with, I would say the Customer service was a good one with the Indusind bank for the personal loan. I would like to say that the response was also good one for me with the Indusind bank and the loan amount got disbursed in less than ten days of time.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 09, 2017
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Customer service and other things are good one with the Indusind bank for the personal loan. I am happy with the Indusind bank, also am really happy with them. I don't have any issues on it. On the other hand, disbursement happened on time...
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Decent experience"
      0.5 4.0/5 "Great!"
      It was a decent experience I had with Indusind Bank, they called me up and gave me good amount information required for me. The only reason I opted out of the offer was that I had got the Loan elsewhere. I felt their Rate of Interest also was alright.
      Was this review helpful? 0
      , pune
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had applied for a personal loan with Indusind bank.The loan amount is 1 lakh.Rate of interest is high as compared to others.I did not submit documents,closed it because of the high interest rate otherwise the bank is good to approach.The banks website is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "Customer's Friendly"
      0.5 5.0/5 "Blown Away!"
      Indusind gave me 11% of interest for the personal loan, I am very much satisfied with their interest. Their service is very excellent, I took the loan of Rs.12 lakhs for the tenure of five year. Bank have taken Rs.2.80 lakhs to do balance transfer in HDFC bank. Apart from that they taken minimal charges around Rs.1000 its really good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 07, 2017
    • IndusInd Bank Personal Loan
      "More than satisfactory"
      0.5 4.0/5 "Great!"
      Indusind Bank was good and professional in their customer services. I have taken a personal loan and I got the loan in three days. The documents was collected within a day. The rate of interest was of 11.9% and the processing charges and insurance fee was there which is normal at every bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 01, 2017
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 3.0/5 "Satisfactory"
      Indusind bank gave me 11.4% of interest but Bajaj finserv offering me 9.6% on personal loan. But Indusind bank charges are nominal, I took the personal loan of Rs.10 lakhs, but amount credited around Rs.9.93 lakhs after the reduction, they gave me tenure period of five years. They do have preclosure option but 4% of charges applicable but executive communicated me it was zero charges.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 31, 2017
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