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  • IndusInd Bank Loan on Credit Cards is Rated as "Pretty good" by 781 Users
    Personal Loan BYTES FROM OUR KITCHEN

    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
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      It is a decent service from Induisind personal loan department. They offer me with 11.99 % of rate of interest which is fine for me. The customer service is good with Indusind and the staffs are good. It was been one year I taken the service from Indusind personal loan department. It is a good experience with Indusind personal loan department.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 20, 2018
    • IndusInd Bank Personal Loan
      "Very good service"
      0.5 5.0/5 "Blown Away!"
      I got immediate response from the INDUSIND BANK LTD in regards to my personal loan application and they have disbursed the loan amount within 3 hours of time. The customer support of INDUSIND BANK LTD is very good and they gave me very good response.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 29, 2018
    • IndusInd Bank Personal Loan
      "Perfect service"
      0.5 4.0/5 "Great!"
      The response was good with the Indus ind bank in regards to my personal loan application. I have already got the loan amount from the other bank with the lower interest rate, so that was the reason I haven't got the personal loan from Indus ind bank. The part payment option is not available in the Indus ind bank.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jan 29, 2018
    • IndusInd Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with IndusInd Bank. The loan process was smooth and the disbursement happened on time. The rate of interest was 15% which was good. I asked for 50K and the same amount was provided. There are some charges for pre closure. I am paying around 5000 rupees per month through ECS.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Jan 28, 2018
    • IndusInd Bank Personal Loan
      "GOOD SERVICE"
      0.5 4.0/5 "Great!"
      The rate of interest offer by Indusind credit card department was 14% which was good. The documents have been collected from my door step and the process was little delay . It was totally an good experience with Indusind credit card department.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 19, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I have my personal loan with INDUSIND bank. The loan amount was 1 lakh and the Interest rate was 14% which was a bit higher than other banks in the market. I had a very good loan process and I have not faced any issues with the service . The processing fee was nominal so I would like to recommend this bank to others.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 19, 2018
    • IndusInd Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      I had taken my personal loan with IndusInd Bank through online channel. The interest cost was about 14,000 rupees which was nominal. It is a tenure of one year and I had taken 2,00,000. The documents are collected by the executive at doorstep. I had received the loan on promised time.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jan 10, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with IndusInd Bank before 2 months. The loan process was very good and simple. They offered a good interest rate. I have taken 1,93,000 rupees and am paying nearly 7000 rupees monthly through ECS. The documentation process was simple and collected at doorstep.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 04, 2018
    • IndusInd Bank Personal Loan
      "Good experience"
      0.5 5.0/5 "Blown Away!"
      I just taken my personal loan with Indusind Bank. I started using their credit card and they approached me and offered a personal loan. The rate of interest rate was normal and there was a processing fee. I am paying 5200 rupees as a EMI, it will get debited from my account.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jan 02, 2018
    • IndusInd Bank Personal Loan
      "Pre approved loan with IndusInd Bank"
      0.5 4.0/5 "Great!"
      I have taken a personal loan from INDUSIND BANK . The approved loan amount was 4 lakhs with a rate of interest of 15%. the monthly EMI is 14300 for a tenure of 4 years. Its my pre approved loan. So there was not much process with them. The experience was good.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 30, 2017
    • IndusInd Bank Personal Loan
      "Good One"
      0.5 4.0/5 "Great!"
      It was a good experience with INDUSIND Bank as i took a personal loan from them . The customer service was good. The institution gave me a full approval on the amount i asked for . The money got disbursed in weeks time to my account . The Rate of interest was average 13% and the Processing fee was there of 1% . Pre closure and part payment was not there provided on the card .
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 29, 2017
    • IndusInd Bank Personal Loan
      "Best service"
      0.5 5.0/5 "Blown Away!"
      My personal loan experience with IndusInd bank was good, i have taken loan for Rs 2.32 lakhs with the rate of interest of 11% which is high when compared to all other banks. This was a preapproved loan so no documents were required. The process was quick and i received my loan amount within a day. Customer service was good and they followed up correctly. They charged 3% as processing fees and the tenure of the loan is 3 years.
      Was this review helpful? 10
      , new delhi
      Reviewed on Dec 26, 2017
    • 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
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