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  • IndusInd Bank Loan on Credit Cards is Rated as "Great!" by 903 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
      "Best service"
      0.5 4.0/5 "Great!"
      I have been holding my personal loan from Indusind bank a month ago, the loan amount they have given me was sufficient and the rate of interest they have charge me up to 14% which is actually high compare to other bank and the processing fee they have charge up to 2000 which was nominal,and documentation part went smoothly, it took delay in getting my loan amount.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 16, 2018
    • IndusInd Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      The interest rate was good for my personal loan . The customer service and response was excellent. I can do pre closure but there is no option for part payment. They have taken around 7 to 8 days to disburse the loan. The total period is 5 years. Monthly 43K will be auto debit from my account.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 12, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan from INDUSIND BANK , i am facing some issue i do not know when i have to pay EMI , i tried calling customer care but i am not getting any response from them . The tenure period is 5year . They gave option of preclosere and service is up to the mark .
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 12, 2018
    • IndusInd Bank Personal Loan
      "Better"
      0.5 5.0/5 "Blown Away!"
      The interest rate and charges as per the market price. Being a customer, I always go with the lower interest rate. The process was taken more than a week. The documentation process was okay. They have given the required amount. First premium, I paid Rs.9271 through ECS. The loan duration is 3 years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Nov 10, 2018
    • IndusInd Bank Personal Loan
      "Good Experience"
      0.5 4.5/5 "Excellent!"
      I have Indusind bank personal loan, I am happy with interest rate around 11% and they charged just 0.25% of processing fee from the entire amount of Rs. 8 lakhs for the tenure of four years. Indusind bank gave me foreclosure options after 12 months with 4% of charges.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 09, 2018
    • IndusInd Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since one of my friend had suggested to go with them. There has not been any processing fee which they had charged and the interest rate whcih they had offered has been less when compared with the market rate. The process in getting this loan has been smooth and there has not been any hidden charges which have been made by them.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 08, 2018
    • IndusInd Bank Personal Loan
      "Average"
      0.5 2.0/5 "Expected more"
      IndusInd Bank have taken more time to process the personal loan. I went through online so GST was excluded on my loan. The customer service and response was average. Citi was offering 14.5% where IndusInd charged 14%. I got the required amount and there was no processing fee. Part payment and pre closure can be done after 12months.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 08, 2018
    • IndusInd Bank Personal Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan in Induslnd Bank. The services are really good and there is no background verification. I find the interest rate is low and the processing fee is low since maintain a salary account. The customer service is excellent. The loan duration is 2 years. The payment mode is ECS.
      Was this review helpful? 1
      , mysore
      Reviewed on Nov 08, 2018
    • IndusInd Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since the interest rate which they where offering has been less when compared with the market rate. The process took almost 3-4 days and the loan amount which they had provided has been satisfactory as well. There has been an insurance policy added with this loan for the tenure period of 2 years and there has not been any sort of additional charges made by them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 08, 2018
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      They have given the lowest rate of interest with 12% approximately added on that there is no processing fee so i have taken the loan from INDUSIND. The loan amount is satisfactory. The process is very simple and they have contacted and helped regarding the loan.
      Was this review helpful? 0
      , kolkata
      Reviewed on Nov 07, 2018
    • IndusInd Bank Personal Loan
      "Faster approval"
      0.5 5.0/5 "Blown Away!"
      The customer service and response was very good, They charged 13% interest rate. They have deducted 2K for processing fee. The loan duration is 3 years. The loan process was faster and immediate. I have submitted the documents online and executive came to doorstep for verify. The premium will be deducted automatically from savings account.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 05, 2018
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My experience is very good by taking the personal loan through the INDUSIND BANK. I got loan within approximately 3-4 days. The rate of interest is 12% and added on that the duration is for five years to repay my loan. I am satisfied with the services rendered by this Bank.
      Was this review helpful? 2
      , chandigarh
      Reviewed on Nov 04, 2018
    • IndusInd Bank Personal Loan
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      My experience is excellent by taking the personal loan with the INDUSIND BANK where the customer service is very good by responding and also i got the loan with the quick process. The loan amount is sufficient also the rate of interest is least in this bank.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Nov 04, 2018
    • IndusInd Bank Personal Loan
      "Best in service"
      0.5 4.0/5 "Great!"
      Thanks to Indusind Bank as i have applied for a personal loan with them and it got approved in just 2 days time. The rate of interest is reasonable here , its 12.5% and customer service is good. I am happy that my request was processed when i was in need.
      Was this review helpful? 2
      , coimbatore
      Reviewed on Nov 02, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I had chosen to go with them since there has not been any processing fee charged by them. The process in getting this loan has been smooth and easy and the loan amount whcih they had provided has been satisfactory. But the process has been a little lengthy to approve the loan like 4-5 days had taken. The interest rate with them has been a little high comparatively.
      Was this review helpful? 1
      , new delhi
      Reviewed on Nov 02, 2018
    • IndusInd Bank Personal Loan
      "Good"
      0.5 4.0/5 "Great!"
      I am happy with the interest rate and processing charges. Induslnd Bank have taken around 10 days to complete the loan process. They have taken bit longer time for the documentation. The process was good, for the loan had to pay EMI 11K through net banking. The loan duration is 4 years. The customer service is good and proper.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
    • IndusInd Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The process in getting this loan has been smooth and easy. The loan amount which they had provided has been satisfactory and the interest rate with them has been quite good. There has not been any processing fee and there has been a good support from their customer support team as well.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 02, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan was approved with IndusInd bank and the experience was good, i received my loan amount within 7-10 days. The loan amount was for Rs 2.5 lacs with tenure period of 2 years. The rate of interest was nominal and fixed. Customer support was good and they followed up on time.
      Was this review helpful? 1
      , kolkata
      Reviewed on Nov 01, 2018
    • IndusInd Bank Personal Loan
      "Best Financial Service"
      0.5 4.5/5 "Excellent!"
      I have taken personal loan from the Indusind bank , Am satisfied with the rate of interest as it promising one . Where there is nominal processing fees They took 5 to 10 days for approval . They provided good tenure period and making the payment through ecs . As its instant loan process am satisfied with their customer service and response.
      Was this review helpful? 3
      , navi mumbai
      Reviewed on Oct 26, 2018
    • IndusInd Bank Personal Loan
      "BETTER SERVICE"
      0.5 3.0/5 "Satisfactory"
      I have taken the personal loan with theINDUSIND BANK where they have offered me the sufficient loan amount added on that the rate of interest is higher than others when compare. There is a processing fee in this loan which is convenient.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 24, 2018
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