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  • IndusInd Bank Loan on Credit Cards is Rated as "Great!" by 874 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
      "good "
      0.5 2.0/5 "Expected more"
      I got my personal loan through INDUSIND BANK , the loan process was too slow and even initially they said everything will be online but they personally visit to check the documents , it took 25days to receive the loan . They provide 300000 of loan and it is sufficient , there is no processing fee with this bank .
      Was this review helpful? 2
      , lucknow
      Reviewed on Sep 16, 2018
    • IndusInd Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It has been a very good experience i had with this personal loan, and the loan amount which they had provided has been satisfactory. The interest rate which they had been charging had been higher when compared with the market rate but it was okay. Their customer support and their staff responses had been good and had helped during the process.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not good with IndusInd bank for personal loan, the loan amount was for Rs 2 lacs for 4 years with high interest rate in the market. Customer service was not up to the mark and their response was not good. The charges are high when compared to others.
      Was this review helpful? 0
      , kolkata
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The process took 7-10 days for confirmation and 15-20 days for the loan amount to get disbursed. The loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and their response was on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with IndusInd bank for personal loan, i received my loan amount within 1 week. The loan amount was for Rs 9.5 lacs with nominal interest rate in the market. Customer service was good and they responded on time. The tenure period for this loan is 5 years.
      Was this review helpful? 0
      , thane
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was very good with IndusInd bank for personal loan, the process was smooth and i received my loan in 10 days. The loan amount was for Rs 9 lakhs with the tenure period of 4 years and rate of interest was nominal. Customer service was good and they responded on time.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with IndusInd bank and my experience was good, the loan amount was for Rs 1 lac with the tenure period of 3 years. The process was smooth and i received my loan amount within 1 week. Customer service was good and they responded on time. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , chennai
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Not satified"
      0.5 2.0/5 "Expected more"
      I have taken my personal loan with INDUSIND BANK . The loan amount was 8 lakhs and the interest rate was satisfactory . The tenure period was 2 years . I am disappointed with the process and i was not asked to submit the hard copies but i was informed that the whole process is paperless. The process was delayed and the communication was not proper.
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "good service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan through INDUSIND BANK , the tenure period is 12month . Customer support is good i can connect them easily , they are so friendly . I receive the loan within 3days the process was too quick . Rate of interest is 19.7% and it is nominal in the market .
      Was this review helpful? 0
      , new delhi
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "AVERAGE"
      0.5 4.0/5 "Great!"
      My loan amount was taken with INDUSIND BANK , i the services was quick , i receive my loan amount within few days i did not have to wait for long . The tenure period is 4years and processing fee they charged is 4% . The bank gave me foreclose option too but it will be applicable after 1 year.
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "GOOD SERVICE"
      0.5 5.0/5 "Blown Away!"
      I got my loan through INDUSIND BANK , they offered 700000 of loan and it is satisfactory . The bank provide preclosere option but it is applicable after 1 year and there is no hidden charges take by this bank . The processing fee is 1000 and it is nominal in the market .
      Was this review helpful? 0
      , mumbai
      Reviewed on Sep 12, 2018
    • IndusInd Bank Personal Loan
      "Not satified"
      0.5 2.0/5 "Expected more"
      My personal loan was taken with INDUSIND BANK. The loan amount was 8 lakhs and the interest rate was good . I am not happy with the service here . The process was delayed and they have taken 1 month of time for processing . The documentation was also very tedious here .
      Was this review helpful? 0
      , hyderabad
      Reviewed on Sep 11, 2018
    • IndusInd Bank Personal Loan
      "BEST SERVICE"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with INDUSIND BANK , they gave tenure period of 2 year . There is no hidden charges with this bank , and the loan amount is up to the mark . There is option of preclosere and it is nominal in the market and rate 0of interest is good with this bank .
      Was this review helpful? 0
      , bangalore
      Reviewed on Sep 11, 2018
    • IndusInd Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken my personal loan with INDUSIND BANK. The loan amount was1,50,000 and the interest rate was not good. The customer service and responses was up to the mark.There is no delay and the process was on time. The tenure period was 5 years and their processing fee was also nominal.
      Was this review helpful? 0
      , pune
      Reviewed on Sep 11, 2018
    • IndusInd Bank Personal Loan
      "Satisfactory"
      0.5 4.5/5 "Excellent!"
      I have taken my personal loan with INDUSIND BANK . The loan amount was 5 lakhs and the tenure period was 3 years . The interest rate was on a higher side here. The customer service and responses was really good. I had a hassle free process so its recommendable too. The loan was approved on time too.
      Was this review helpful? 3
      , bangalore
      Reviewed on Sep 08, 2018
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the IndusInd bank. It was good, the interest rate was below market rate. There were no charges. They charges 350 rupees for the application and processing. It was a hassle free experience.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 31, 2018
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 4.0/5 "Great!"
      I've taken a personal loan from the INDUDSIND bank. It was good , I got the loan with in 10days, There were no processing fee and 100 rupees charges. The interest rate is normal, they do not allow pre-closure before one year which is an inconvenience.
      Was this review helpful? 0
      , lucknow
      Reviewed on Aug 31, 2018
    • IndusInd Bank Personal Loan
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan from the IndusInd bank. It was good, the interest rate was fine. I got the loan 10 days. Everything was good. The whole application process and the documentation was easy and hassle free.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 31, 2018
    • IndusInd Bank Personal Loan
      "Very Fast service"
      0.5 5.0/5 "Blown Away!"
      I've taken a personal loan form the IndusInd bank.I got the money with in 58 hours. The interest rate was high when comparing with the other banks but it was a smooth loan application process. I am really happy about their super-fast services.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 29, 2018
    • IndusInd Bank Personal Loan
      "Average service"
      0.5 3.0/5 "Satisfactory"
      The application process was delayed for personal loan with IndusInd bank, it took more than 10 days to disburse the loan amount. The loan amount was for Rs 8.5 lacs for 2years with nominal interest rate of 11%. Customer service was not up to the mark and they did not inform about the insurance.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 29, 2018
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