Loan on Credit Cards

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 EMI 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 detailed terms & conditions

Similar to the personal loan product, PLCC program is primarily aimed at offering Loans to existing credit card customers of the bank who have demonstrated good account behavior in addition to satisfactory external credit behavior evidenced from credit bureau records.

As part of this program, separate loan account will be created which will be different from credit cards. Reporting for this loan will also be separate. Customer will have a separate statement for the same as loan EMI will not be part of the Credit Card Minimum Amount Due.

The credit card behavioural trends including repayment ratios, applicable behaviour scores and bureau scores are employed to assess client’s eligibility. Loan amount will be transferred to customer’s bank account instantly. Key Fact Statement (KFS) along with the agreement letter will be shared with the customer for such loans. GST will not be applicable on the interest component of EMI. EMI payment for this program will happen via ECS/E-Nach from the same account wherein loan amount was credited.

In addition to the above preapproved program, customer will have an option to avail this loan basis the income documents defined by the bank’s credit policy.

PLCC program is offered via multiple channels like Inbound customer service, outbound telesales channels, Digital channels like Mbanking/ Netbanking and digital platforms.