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 838 Users

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    IndusInd Bank Loan on Credit Cards

    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
    Apply for Personal Loan

    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
      "They have to help the needy people"
      0.5 1.5/5 "Bad"
      They rejected the personal loan and the reason being components of salary. they are not charging for provident fund. I have applied the loan amount of 7 lakhs and now I'm not interested to take that loan anymore. I never called their customer care services. The documentation process is okay. I never visited the branch and through online only i have applied the loan. They have offered me interest rate of around 13%. They did not inform the proper procedure of applying for the loan too.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jul 10, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 3.5/5 "Pretty good"
      My credit card n was taken with INDUSIND bank. The credit limit was 50,000 which is not satisfactory . The customer service and responses was good. I hold aura edge card and the benefits re reward points . Its a life time free card .My overall experience was very good.
      Was this review helpful? 1
      , noida
      Reviewed on Jul 03, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, the over all process that took place was nice, it did not take much time, and the processing of the application was done on time. I received good customer service and response as well their rate of interest is also OK I have no issues with it.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have a personal loan taken from IndusInd Bank, the over all process took 7 days which is OK. I am quite satisfied with how the process took place, hey provided good customer service and help. The rate of interest they have charged is also fine. I am satisfied with the loan process that took place from IndusInd bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Very good "
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, the rate of interest they have charged on the loan amount is Rs. 13% which is quite normal for me and they have charged me .56% processing fee on the loan amount. Over all experience was good, I received the amount on time and I am quite happy with it.
      Was this review helpful? 1
      , gurgaon
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have taken this loan for the sons education and the process in getting the loan has been easy and smooth. The loan amount which they had given has been satisfactory and there has not been any issues faced with them so far. There has not been any kind of processing fee which they had charged and it has been good.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have taken a personal loan from IndusInd bank, i applied for Rs. 5,00,000 but I ended up receiving Rs. 3,30,000, I was told I will be getting for 12 % interest rate but bank charged me 13%. There was an issue that happened bank credit more amount by mistake due to which there were many complications related to that they had to put on savings account on hold and re collect all the documents, but I received help from a representative to solve the issue.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 29, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with IndusInd bank and my loan experience was good, the loan amount was for Rs 1.7 lakhs with nominal interest rate when compared to others. Customer service was good and they followed up on time. The tenure period for this loan is 3 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 28, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Rate of interest is around 14.25% for the personal loan with the Indusind bank and the response is very good and also am very happy with them till now. Everything is good one with the Indusind bank and I dont have any issues with the Indusind bank personal loan.
      Was this review helpful? 1
      , vadodara
      Reviewed on Jun 28, 2018
    • IndusInd Bank Personal Loan
      "Good services"
      0.5 4.0/5 "Great!"
      When i applied the loan they have provided me 12.5as interest rate. After the approval of loan they sent a letter to my home and mentioned that 13% a interest rate. I have to check with the customer care executive in the bank. They have not charged anything extra charges. They did not charge for processing fee. They have asked Rs. 500 for the stamp paper. Without my knowledge they have increased the interest suddenly.
      Was this review helpful? 1
      , pune
      Reviewed on Jun 28, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.0/5 "Satisfactory"
      I have approached INDUSIND Bank for my personal loan . They have rejected my application due to my credit score . The loan amonut 1 lakh. The customer service and responses was good. The interest rate was satisfactory .My overall experience was not up to the mark.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 27, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 3.5/5 "Pretty good"
      My persona loan was taken with INDUSIND bank. The loan amount was sanctioned the committed time and the processing fee was good . I am not aware of the processing fee was here and they charges 6000 for Insurance . The loan amount was 2.5 lakhs and the interest rate was bit high .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Jun 26, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with INDUSIND bank. The process was very good and i have disbursed the loan with the committed time. The loan amount was 2.5 lakhs and the interest rate was satisfactory . The customer service and responses was good. They have provided door step service for collecting documents ,
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 23, 2018
    • IndusInd Bank Personal Loan
      "Average Service from Indusind"
      0.5 3.0/5 "Satisfactory"
      After i have applied in Indusind bank, i have got loan options from some other bank but they were offering a quite low interest rate. I have negotiated to reduced the interest rate but they said its not possible to reduce. Before I'm taking the loan, they said its a 0 processing fee but they have charged Rs. 1300. Their is no insurance policy for this loan. The process was very slow in the bank. They were not clearing mentioned about the interest rate in any of the pages in the application.
      Was this review helpful? 1
      , thane
      Reviewed on Jun 22, 2018
    • IndusInd Bank Personal Loan
      "Process is very fast"
      0.5 5.0/5 "Blown Away!"
      Its took less time to sanction the loan. The interest also nice for me it was the least compared to other banks. The processing fee was quite normal and for me its zero. The documentation process was okay. The online documentation process was not worked up and the person came to my place and collected all my documents. Totally hassle free services from them.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 22, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was taken with INDUSIND bank. The process was very good and the documentation was very much satisfactory . They have sanctioned the loan with the committed time. My experience was really good therefore this card is very much recommendable to all.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      My personal loan was taken with INDUSIND bank. The loan amount was 1.25 lakhs and the interest rate was good . The customer service and responses was up to to the mark. The tenure period was 6 years . They have sanctioned the loan with the committed time and the documentation process was very much satisfactory .
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from IndusInd bank, the services were quite good, I got good assistance in processing my loan application, but however the loan process was delayed a bit with documentation other than that there is no issue. Even the rate of interest was good enough.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 19, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IndusInd bank, everything was OK, except the rate of interest they have charged which I believe is a bit high as compared to others. They have charged me around 15.5 % for loan amount of Rs. 5,00,000 for 4 years. Rest assured I received the amount on time everything was smooth I am happy.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jun 19, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 4.0/5 "Great!"
      Customer service is good one with the Indusind bank for the personal loan. Response is also good one. I am really happy with them till now. Every aspects are better one with the Indusind bank credit card. Details fetching through online is also better too.
      Was this review helpful? 1
      , bangalore
      Reviewed on Jun 12, 2018
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