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, the My Credit Line offer may not be pre-approved on the App. Such customers need to apply for it on the app, and the app will show them their eligible credit limit 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. You will only incur charges 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 a foreclosure option from the INDIE app. You can connect with INDIE customer care at indie@indusind.com for further queries.

The foreclosure charges for a loan are 2% of the principal outstanding amount + GST.

The billing cycle starts from the 1st day of the month to the 5th of the month. 

In case your auto debit was missed because of 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 2% of EMI amount + GST will be charged in the next month’s cycle.

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