Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • IndusInd Bank Loan on Credit Cards is Rated as "Pretty good" by 736 Users

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    IndusInd Bank Loan on Credit Cards

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    IndusInd Bank Credit Card Loans

    A specialised financing provided by IndusInd Bank that utilises the unutilised credit limit on an individual’s credit card to provide funds as per a loan. This loan is already pre-approved and all that the applicant has to do is to apply for the loan through the bank. The loan amount is by all means a personal loan which is much easier to apply for and allows fund availability within a week.

    Where can an IndusInd Bank Loan on Credit Cards be used?

    IndusInd Bank Loan on Credit Cards is quite versatile in its usability. The bank doesn’t impose many limitations on the loan. The loan adds on to the usage of the credit card, so EMIs payable come as a part of the minimum amount due per month on the credit card. The financing options available under this facility are –

    1. Indus Easy Loan – Liquid funds through loans based on credit limits
    2. Indus Easy EMI – Higher purchasing power managed through low EMIs

    Who can apply for IndusInd Bank Loan on Credit Cards?

    The loan provided can be availed specifically by all individuals who own credit cards issued by IndusInd Bank and have a sizable unused portion of their credit limit. Terms and conditions as well as age limits and income criteria as defined for credit cards will be applicable for this kind of loan.

    What are the loan limits?

    The loan amounts under the Loan on Credit Cards facility depend upon the unused credit limit of the applicant. As per the value of the unused credit limit, a loan amount can be issued that is within the credit limit of the applicant. In certain cases, IndusInd Bank might also allow a loan that exceeds the credit limit. The minimum amount of loan that can be availed through this facility is INR 5000.

    The loan applied can range within tenures of 6 months to 36 months and EMIs can also be made for as long as tenure depending upon the principal amount. Pre-closure can be done at any time by paying a small fee.

    What are the interest rates?

    Interest payable on IndusInd Bank Loan on Credit Cards varies as per the usage of the amount. The rates are based on the discretion of the bank, though as of November 2015, the rate is similar to the interest rate charged on the credit card, i.e. 46% per annum. In case loans approved are exceeding the credit limit, an over limit charge of 2.5% (subject to INR 300) will be imposed. Processing fees for such loans will be 2.5% of the loan amount (or INR 250), whichever is higher.

    What are the documents required for applying for IndusInd Bank Loan on Credit Cards?

    • Identity proof (Government approved – PAN Card, Passport, Voter ID) in case credit card is less than 9 months old
    • Address Proof (Rental agreement, Business establishment deeds, etc.) in case credit card is less than 9 months old
    • Signature proof
    • Application form through online means or physical branch

    How to apply for IndusInd Bank Loan on Credit Cards Financing

    This financing can be applied for online at IndusInd Bank’s website, by calling up the bank’s phone banking system 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 on Credit Cards Reviews

    • IndusInd Bank Personal Loan
      "Good service "
      0.5 3.5/5 "Pretty good"
      I had applied for personal loan for an amount of 80 thousand at the nominal rate of interest. rRequired information were shared pertaining to my loan process,they took 15-20 days to credit the amount in the account.Had a good experience with them.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 16, 2017
    • IndusInd Bank Personal Loan
      "This is blade bank without ethics."
      0.5 0.5/5 "Unacceptable"
      The bank assured personal loan for an intrest rate of 12%.later at the time of amount allotment,they increased the intrest rate to 13percent.But ones i got the document brochures,the intrest rate became 14%! I informed the bank representatives,but no action..They are looting me from last 6months..
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 15, 2017
    • IndusInd Bank Personal Loan
      "Good overall"
      0.5 4.0/5 "Great!"
      The services and response was good at Indusind Bank. They contacted me on time and collected my documents. The processing fees was higher than what I expected. I was expecting a fee of 1% but I was charged 1.5%. The rate of interest was between 16% to 17% on the personal loan.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 14, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 3.0/5 "Satisfactory"
      My personal loan was taken with INDUSIND bank. The documentation process was easy and they have sanctioned the loan with the committed time. The customary service and responses was really good but there is no transparency because I have asked for 24 months but after sanctioning the amount they said Its 48 months is the minimum EMI period here that was but disappointing.
      Was this review helpful? 0
      , surat
      Reviewed on Oct 13, 2017
    • IndusInd Bank Personal Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      The service charges and the interest rate they given during the time I applied for my loan process has lot of difference and lot of confusion during the process ,once I received a email as a note from INDUSIND while processing they given 12.99 interest rate and fees and charges which was not before the process but the documentation part was fine ,I can say the overall service is average from INDUSIND for my personal loan service.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 12, 2017
    • IndusInd Bank Personal Loan
      "good service"
      0.5 4.0/5 "Great!"
      The service is good from INDUSIND but their process is very long they took a long time for the process to complete before that I got my loan approved from other bank with a better offer ,so it was the main reason for my cancellation of the loan process ,I can say overall service is good from INDUSIND for my personal loan service .
      Was this review helpful? 0
      , new delhi
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I could like to say it is a very good service from INDUSIND for my personal loan service ,representatives and customer service is very helpful and responsible even during the documentation part it was very fine from their service. I can say overall service provided by INDUSIND is very good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Instant responses"
      0.5 5.0/5 "Blown Away!"
      I download the Indusind bank application and found out I have already pre approved Rs.16000 personal Loan. I followed up the link and got the loan instantly. Rate of Interest in this bank is pretty decent compared to other private banks. I would definetly recommend this bank to all.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 11, 2017
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      I have taken the personal loan from Indusind bank and the process was completed in one week. The documents was collected on time and the rate of interest and processing charges was normal. Overall a good experience and satisfactory as I got the loan amount I needed.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Sep 28, 2017
    • IndusInd Bank Personal Loan
      "average service"
      0.5 3.0/5 "Satisfactory"
      Service was not good from INDUSIND bank , I never get any information's from them I am not aware of their service . It was about 20 days no information from INDUSIND bank till now ,so as a overall it was a average service from INDUSIND bank service .
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 28, 2017
    • IndusInd Bank Personal Loan
      "Very Good service"
      0.5 4.0/5 "Great!"
      The personal loan process was good with Indus ind bank . The disbursement did not happen on time. The customer service took time to reach the customer. The response part need to be improve with Indus ind. The rat of interest is nominal with Indusind bank, when compared with others.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 27, 2017
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 2.0/5 "Expected more"
      Indusind interest rate was very high, they offered me around 16% of interest for the loan amount of Rs. 2.10 lakhs. It was a fixed interest rate for the tenure of three years, I am okay with their service but still now I didn't receive loan letter from them.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 26, 2017
    • IndusInd Bank Personal Loan
      "EXCELLENT SERVICE"
      0.5 5.0/5 "Blown Away!"
      It was a excellent service from INDUSIND bank ,representatives where also very helpful and responsible even during the documentation part everything was fine ,interest rate was also nominal ,never faced any issue with their service till now .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 26, 2017
    • 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.
      Was this review helpful? 0
      , 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.
      Was this review helpful? 0
      , 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.
      Was this review helpful? 0
      , 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
      Was this review helpful? 0
      , 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.
      Was this review helpful? 0
      , 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.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 23, 2017
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