Understanding the benefits of INDIE’s line of credit

Understanding the benefits of INDIE’s line of credit

30 December 2023

Unexpected expenses can seldom be accounted for. When faced with a situation wherein there are a couple of bills that go beyond your planned expenses, you might look for financial support. Now, in the traditional sense, this would mean applying for a personal loan or making use of a credit card to cover expenses. However, today, you also have the option of relying on a line of credit.

What is a line of credit?

A line of credit is a type of loan that allows the borrower to withdraw money up to a pre-defined limit. In the case of traditional loans, borrowers would receive the entire loan amount at once. With a line of credit, borrowers have the flexibility of borrowing only the amounts that they require. Lines of credit are generally used for short-term finance requirements such as covering cashflow gaps or unexpected expenses. However, this type of credit can also be used for long-term requirements such as small business expenses or home renovation projects.

How does a line of credit work?

Once you apply for a line of credit, the bank will check your eligibility, which mainly includes your credit score. Ideally, you should have a credit score of 700 or more and be earning a stable income. Once your line of credit is approved, you can withdraw money from your line of credit whenever needed. The interest will start getting accrued on the amount borrowed, and you can choose your repayment tenure as well. 

Benefits you can enjoy with INDIE’s line of credit

  1. You get instant access to funds
    With IndusInd Bank’s INDIE offering a digital approval process, you can instantly activate a line of credit up to ₹5 lakh. Once the line of credit is activated, you can get the funds you need at any time without any hassle. This way, you can effectively deal with the expenses at hand without having to worry about anything.

  2. You can make multiple withdrawals
    This is one of the key benefits of a line of credit. Unlike a loan where you get a lump-sum amount on approval, with a line of credit, you get access to a credit line and you can withdraw amounts that are required. You can make multiple withdrawals from your line of credit as long as you are within the limit set by your bank. The interest is only accrued on the amount that you borrow from the line of credit and not the whole available amount.

  3. You can opt for a repayment schedule that’s convenient for you
    With your INDIE credit line, repayment will not be a problem as flexible repayment schedules are available. You can clear your debt in convenient monthly instalments based on whatever you find suitable.


INDIE’s line of credit is a convenient and cost-effective option for an unsecured line of credit. You do not need any collateral to activate your line of credit account and can also have unrestricted access to funds. So, download the INDIE app today and make the most of this financing option.

Disclaimer: Views are personal opinions of the author.
The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Hence, you are advised to consult your financial advisor before making any financial decision. IndusInd Bank Limited (IBL) does not influence the views of the author in any way. IBL and the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information.