• Approved Credit limit can vary from ₹ 10,000 to ₹ 5L. There can be two scenarios:
• Pre-approved limit: For eligible customers, there is a pre-approved limit offer on the App. Such customers can accept this approved limit and activate the LOC, and then can withdraw as per their needs
• Real time approval: For other customers, my Credit Line offer may not be pre-approved on the App. Such customers have to apply for it on the App, and eligible credit limit is shown to the customer in real time, once approved

You can activate your credit line by clicking on the Credit Line icon to check your eligibility. If you are eligible, then you can set up the auto payment and activate your credit line.

There are no charges for Credit Line activation. Only when you draw-down the amount in your Savings account, a processing fee would be charged. IndusInd Bank will inform the customers upfront about any charges/ fees that may get charged later on such usage.

You can cancel a loan within 3 days of getting the amount in your IndusInd Bank account. Post 3 days, cancellation cannot be done.

You can get money from the loan by going to “Credit Line” > “Take Money” and entering the amount that you wish to draw-down.

We aren’t offering a foreclosure option from the INDIE app. You can connect with INDIE customer care for further queries.

Billing cycle starts from the 1st day of the month to the end of the month. Whatever transactions you do/ loans you draw during this period, total EMIs for all these loans will be billed by the end of the month and will have to be paid by the due date.

There are 2 ways of making repayment:

Standing Instruction – Auto debit of the pre-set instalment happens on the due date

Payment through INDIE App – customer can choose to repay a specific sum of money by

INDIE Savings Account

To repay, on the home page, go to Credit Line and at the bottom, click on “Make Payment”.

In case my auto-debit was missed, how can I make the payment?

In case your auto debit was missed due to any reason, you can click on the Credit Line icon on the home page and click on Make Payment at the bottom to make the payment now. Please note that a bounce charge of ₹ 399 + GST will be levied for being unable to make the payment on the due date, additionally 1% of the overdue amount + GST will be charged in the next month cycle.

Personal loan forces the customer to take the entire amount as loan at once. My Credit Line by INDIE allows the customer to take multiple loans (draw-downs) from the approved limit, multiple times. The entire process of application, repayment, servicing for the loans taken is digital in nature.

Approved Credit limit can vary from ₹ 10,000 to ₹ 5L. There can be two scenarios:

Pre-approved limit: For most customers, there is a pre-approved limit offer on the App. Such customers can accept this approved limit and start

Real time approval: For few customers, my Credit Line offer may not be pre-approved on the App. Such customers have to apply for it on the App, and eligible credit limit is shown to the customer in real time, once approved

You can activate your credit line by clicking on the Credit Line icon to check your eligibility. If you are eligible, then you can set up the auto payment and activate your credit line.

There are no charges for activation. Only when you draw-down the amount in your Savings account, would any charges be incurred. IndusInd Bank will inform the customers upfront about any charges/ fees that may get charged later on such usage.

You can cancel a loan within 3 days of getting the amount in your IndusInd Bank account. Post 3 days, cancellation cannot be done.

You can get money from the loan by going to “Credit Line” > “Take Money” and entering the amount that you wish to draw-down.

We aren’t offering foreclosure option from the INDIE app. You can connect with INDIE customer care for further queries.

Billing cycle starts from the 1st day of the month to the end of the month. Whatever transactions you do/ loans you draw during this period, total EMIs for all these loans will be billed by the end of the month and will have to be paid by the due date.

There are 2 ways of making repayment:

Standing Instruction – Auto debit of the pre-set instalment happens on the due date

Payment through INDIE App – customer can choose to repay a specific sum of money by INDIE Savings Account

To repay, on the home page, go to Credit Line and at the bottom, click on “Make Payment”.

In case my auto-debit was missed, how can I make the payment?

In case your auto debit was missed due to any reason, you can click on the Credit Line icon on the home page and click on Make Payment at the bottom to make the payment now. Please note that a bounce charge of ₹ 399 + GST will be levied for being unable to make the payment on the due date, additionally 1% of the overdue amount + GST will be charged in the next month cycle.

Excess amount cannot be paid, you can only pay amount equivalent to the outstanding amount or less than that.

In case your auto debit was missed due to any reason, you can click on the Credit Line icon on the home page and click on Make Payment at the bottom to make the payment now. Please note that a bounce charge of ₹ 399 + GST will be levied for being unable to make the payment on the due date, additionally 1% of the overdue amount + GST will be charged in the next month cycle.