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Overview

Loan on Credit Cards Overview

Indus Easy Loan
Indus Easy Loan is a very convenient and quick option to get ready cash when you need it the most. Your IndusInd Bank credit card already has a loan amount pre-approved for you, depending on your unutilised credit limit. All you need to do is apply and receive your much needed cash.

Indus Easy EMI
In our constant endeavour to enhance value for you, IndusInd Bank has introduced the Indus Easy EMI facility. This facility gives you the option to convert your high value credit card purchases into easy and flexible EMIs. You can convert any of your credit card purchases on IndusInd Bank credit cards of over INR 2,000 into easy monthly installments, within 45 days of making the purchase.

Indus Easy Loan

Indus Easy Loan Benefits:

  • Zero documentation
  • No documents required for customers holding the IndusInd Bank Credit Card for more than 9 months
  • Pre-approved loan
  • Pre-approved loan amount depending on the unutilised credit limit
  • Ease of repayment
  • Flexible tenure option to pay back in 6, 12, 18, 24 or 36 months
  • Low processing fees and pre-closure fees
  • Just one time processing fee and an option to pre-close the Indus Easy Loan anytime

Click Here for Loan below credit limit Term & Conditions

Indus Easy EMI

Indus Easy Loan Benefits:

  • Spend big pay small - Make high value purchases and pay in low value EMIs
  • No Documentation - Pre-approved facility depending on your credit limit
  • Low processing and pre-closure fees - One time processing fee and an option to pre-close anytime*

Click here for Conditions apply

FAQs

Customer FAQs

Indus Easy Loan

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 INR 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 INR 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.

Indus Easy EMI

Can I convert 2 month old transactions into an EMI?

Transactions can be converted into easy EMI within 45 days of purchase using your IndusInd Bank credit card. You can either call our phone banking team at 1860 500 5004 / +91- 22- 44066666 or write to us at cards. care{}indusind.com .

How many transactions can I convert into an EMI?

You can convert a maximum of 10 transactions into EMI. And to make things easier we allow you to choose for tenure periods of 12, 18 and 24 months.

What are the benefits of Indus Easy EMI?

Indus Easy EMI allows you to shop to your heart's content without the need of having to pay immediately. This also helps reduce your interest burden as the interest rate may be lower than the normal interest rate on the credit card*.

Can I do the Indus Easy EMI on an add-on card?

Yes, you can convert transactions done on your IndusInd Bank add-on credit card into Indus Easy EMI.

Why am I being charged a processing fee?

We are sure you recognise and appreciate the importance of this product. Every bank charges a fee for this service. For IndusInd Bank the processing fee is one-fortieth of the total transaction amount. Also it is only a one-time payment made along with the first EMI, post which you pay just your EMI.

If it’s possible, 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 EMI.

If I avail of this service, what will happen to my minimum amount due?

As you are converting your transactions into an EMI, your new minimum amount due will include the EMI amount as well.

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  • SAVINGS RATES

  • Daily balance upto 1 lac 4 %
  • Daily balance above 1 lac and upto 10 lac 5 %
  • Daily Balance above 10 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 7.15 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 7 %
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