Features and benefits
What is the maximum amount of loan I can get?
Indus Easy Loan is a loan against the unutilised credit limit and so, depending on various parameters, IndusInd Bank calculates the maximum loan a customer can get. Minimum loan amount that you can get as a Indus Easy Loan is Rs.5,000.
What are the benefits I get from using this product?
Besides the fact that this allows you to have cash within 7 working days of approval of the Indus Easy Loan, you can repay the loan in simple EMIs without having to go through a detailed loan approval procedure somewhere else.
Why am I being charged a processing fee?
We are sure you recognize and appreciate the importance of this product. For IndusInd Bank the processing fee is a mere 2.5% (or Rs. 250, whichever is higher) of the total loan amount. It is only a one-time payment made along with the first EMI, post which you pay just your EMI.
What interest rate will I be charged?
Please refer to the Schedule of charges or call our phone banking team on 1860 500 5004 to find out the prevailing interest rate. Please note that EMI is calculated with decreasing interest.
Can I pay the outstanding principal at one go, before my tenure period reaches its end?
Most certainly you can, however please note that there will be a pre-closure fee for paying at one go before the end of your tenure. This will be a fixed amount of 3% of the principal outstanding amount on Indus Easy Loan.
If I avail of this service what happens to my minimum amount due?
Your new minimum amount due will include the EMI amount as well.
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