Who likes waiting in long queues at toll plazas? If you had a choice to dash down dozens of vehicles and drive past without waiting, wouldn’t you leap for it? Thanks to FASTag, this dream is now a reality, which makes driving on state and national highways a hassle-free experience.

A reloadable FASTag from IndusInd Bank facilitates automatic, cashless transactions on toll booths. It enables you to zoom past a plaza, without fumbling for change at the counter. What’s more, to put some money into your IndusInd Bank’s FASTag, recharge online, that’s it!

But before looking at how IndusInd Bank makes your payments at toll plazas swift and secure, let us understand how FASTag work.

How FASTag Work

FASTag is a Radio Frequency Identification (RFID) technology-enabled tag, which, when attached to your car’s windscreen, enable electronic toll deduction. How? The applicable toll charges are debited from your prepaid wallet as you sail through the toll gates.

In February 2021, the Government of India made FASTag mandatory on all national highway plazas. As cash lanes have been discontinued, you will necessarily need to get a FASTag for your vehicle. To get an IndusInd Bank’s FASTag, apply online. Furthermore, the magic of RFID ensures that the toll plazas recognise your vehicle and levy charges accordingly.

Using a FASTag means fewer stoppages on the highway and minimal toll payment hassles. The tag, once active, eliminates the need to look after toll receipts or carry around cash, especially on long road journeys. Moreover, with an IndusInd Bank’s FASTag, you enjoy occasional exclusive discounts and offers on toll payments as well.

Benefits of FASTags from IndusInd Bank

• Ease in Payment

Nearing a toll booth and don’t have change? With FASTag, this isn’t a problem anymore. The scanner on the toll plaza deducts the necessary amount from your linked prepaid account. Since the tag is affixed to your car’s windscreen, you make the toll fee payment without ever having to stop for a transaction.

With IndusInd Bank, top up your FASTag, recharge online and instantly. You can reload your tag via credit card, debit card, BBPS, UPI, RTGS transfer, NEFT transfer, or mobile banking.

• Track Your Expenses

A major hassle with toll payments is keeping track of physical receipts and toll expenses. IndusInd Bank FASTag quickly solves this predicament. How? For every transaction with your FASTag, you receive text messages on your registered mobile number. On top of that, you can access all your FASTag transactions through the IndusInd Bank FASTag customer portal.

• Auto Allocation and Recharge

If your FASTag wallet has adequate funds, it will top up your tag automatically when your tag reaches a low balance. In addition, if you are an IndusInd Bank customer and your FASTag wallet has limited funds, it will be reloaded automatically from your bank account.

• 5-year Validity

When you get your first FASTag, apply online, add funds in your customer wallet, and you can forget about it. IndusInd Bank’s FASTag provides a validity period of at least 5 years. After that, you may be required to buy a new tag or replace it if its reading quality drops.

You can apply for a new FASTag from IndusInd Bank and use the same customer account for the new/replaced tag.

Get Your FASTag from IndusInd Bank Today

With a FASTag from IndusInd Bank, you enjoy hassle-free trips and quick toll payments cruising through FASTag lanes on highways. Moreover, with IndusInd Bank’s automatic top-up facility, you won’t have to monitor your tag’s balance, and yet you will never lose track of your payments.

FASTag is transforming the way people commute in India. Presently, commuters can use FASTag at nearly 750+ toll plazas across the country. So, what are you waiting for? Make intercity travel easy, swift, and safe with IndusInd Bank’s FASTag, apply online, recharge digitally, and get going today!

Disclaimer: 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.

Eligibility

While we apply for a car loan, there arecertain eligibility conditions which needs to be fulfilled including age, salaryrequirements, employment type and a place of residence.

Following are the primary documents that are required to be submitted online or in person:

i) Identity proof like Permanent AccountNumber (PAN) Card, passport, driver’s license, etc.

ii) Address proof like Voter ID Card,passport, etc.

iii) Photographs

iv) Car documents

v) Income proof like salary slips, latestincome-tax return, etc.

For more details about the document requirements, you can check here.

Loan amount

The loan amount varies based on your age andincome. Lenders offer up-to 90% of the financing.

Interest rate charged

Banks charge rate of interest on carloans. The rate charged is generally fixed. However, if you think that the rateof interest will decrease in future then you can choose floating interest rate.

Looking for the perfect car Loan? Click here to know how to get the best option!

Cost involved

Processing fees are charged when theapplication is processed. The lenders also charge fees on early loan closure,referred to as ‘foreclosure charges’, it’s charged on the outstanding loanamount. This charge varies from one bank to another.

Are you looking for a vehicle loan at lucrative interest rates? Turn to IndusInd Bank. We offer options for both new car loan and used car loan. Our documentation is minimal, and loan processing is quick and hassle-free. So, get in touch today!

Disclaimer: 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.

So, you’re planning an overseas trip? That’s great. You better get busy finding the best deals on flight tickets and hotel bookings and crafting the perfect itinerary. Apart from the usual stuff, you also need to think about how you’ll carry money for your overseas expenses.

There are a few things you can do about this. You can carry bundles of foreign cash, a credit card, or traveller’s cheques. Or, you can just buy a forex card online at IndusForex, IndusInd Bank’s online retail forex portal, and travel smart.

Swiping your domestic credit card in a foreign land can be a pricey affair due to high currency conversion charges. A forex card, on the other hand, is easier to carry and protects you against currency fluctuations.

Have a look at how the various features and benefits of IndusInd Bank Multi-Currency Forex Card can make your trip a smooth one.

Zero Conversion Charges

A forex card is a prepaid travel card that stores money in a foreign currency. Perhaps the most important benefit of this card is protection from forex exchange volatilities. Say, you swipe your credit card for overseas payment. The bank will convert the amount into the local currency according to the current floating exchange rate, and will also levy a conversion charge.

But, as soon as you load money onto your IndusInd Bank forex card, the exchange rate is locked in at that instant. So, when you make a transaction, you don’t have to pay dynamic conversion charges. Ultimately, you save money because you bypass exchange rate fluctuations.

Carry Multiple Currencies

You can load up to 14 currencies on a single IndusInd Multi Currency Forex Card. These include the United States Dollar (USD), Canadian Dollar (CAD), Swiss Franc (CHF), Euro (EUR), Saudi Riyal (SAR), Japanese Yen (JPY), among others. Quit worrying about carrying different currencies on your global trips!

Convenience

Let’s face it. Carrying a bunch of cheques and wads of cash is not only inconvenient but also unsafe. You can buy a forex card online from IndusInd Bank instead and make payments for hotels, shopping, air fare, cabs, and at any merchant’s POS terminal at no extra charge.

Say goodbye to waiting in long queues for exchanging or purchasingcurrency. You can use your card at international ATMs to withdraw cash or makeonline payments without any hassles. Moreover, you can easily encash thebalance when you return from your trip.

Safety and Security

Your IndusInd Multi Currency Forex Card is loaded with safety features. It offers PIN protection, second-factor authentication for online purchases, unique user ID and password, etc. In addition, you’ll receive instant notifications and transaction alerts on your device. In case you lose your card, you can hot-list it immediately by contacting IndusInd Bank.

Easy Account Tracking

Stay updated on your forex card balance (in the respective currency) and transaction history through the IndusForex website. You can track your spending with periodic regular statements on-the-go through our web portal. Furthermore, you get every transaction alert on your registered email ID and mobile number to prevent any misuse.

Quick Purchase and Loading

The smartest move to manage your foreign expenses is to buy a forex card online from IndusForex. Along with a ready-to-use card kit, you also have the option to load and reload the card multiple times.

So, ready for the trip? Get your IndusInd Multi Currency Forex Card online by visiting indusforex.indusind.com. You can also visit any of IndusInd Bank’s forex-enabled branches to get one.

Disclaimer: 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.

When you are borrowing aloan, it is a hassle procedure and takes a lot of time. To provide astreamlined process, several lenders promote some smart channels to track aloan’s status. Amid several guidelines, you can track your two-wheeler loan’sstatus by checking the company’s website.

To apply for an IndusInd Bank two wheeler Loan, click here.

Check the status online

The most accessible wayof checking the status of a two-wheeler loan is just checking in the lenders’website portal with the login details assigned to you.

Most of the time, youwill have to submit the following details to access your loan status

• Mobile Number
• Application Number
• Date of Birth

With these details, youwill get the application status directly on your screen. The lender will verifythe details by sending you an OTP to the registered mobile number beforesharing the complete status.

Customer Care

If you don’t want tocheck your loan status online, you can use the customer care facility to checkthe status. The customer care provides you with your loan status by verifyingsome basic details, including your application number.

You can call for thesefacilities as per your need. Some lenders have 24×7 calling facilities, andsome provide the facility for 10 A.M to 7 P.M. You can use any of thefacilities to track your loan application and solve your queries.

Click here to apply for your IndusInd Bank two wheeler loan now!

To Sum Up

Online two-wheeler loanapplication tracking is an accessible and hassle free way to understand andtrack your loan process. You can choose any of the services to track theapplication status of a two-wheeler loan.

Are you looking for a two wheeler loan at lucrative interest rates? Turn to IndusInd Bank. Our documentation is minimal, and loan processing is quick and hassle-free. So, get in touch today!

Disclaimer: 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.

If you’rethinking of purchasing a vehicle, you may have considered choosing between anew car and a used car. While a new car is going to be higher on performance,an old car may be more value for money. So, there is a good chance that buyinga second-hand car can be an equally fruitful deal as buying a new car. So, itcan all narrow down to the terms of the car loan you are applying for.

Most Indian banks provide both a new car loan and used car loan. These two have their pros and cons. So, it is advised to weigh your options well before you apply for car loan. The endless number of financial products and providers in the market can end up clouding your judgement. To help you make an informed decision, we have listed certain key pointers that constitute the major difference between a new car loan and an old one.

Amount of Loan

As a generaltrend, the loan amount for a new car loan is higher than that of a used carloan. The same is attributable to the low loan-to-value of a pre-owned car.

Interest Rates

Again, thelow loan-to-value factor comes into play. So, as the bank assumes higherassociated risks with a second-hand vehicle, they charge higher interest rates.

Repayment Terms and EMI

The lesser interest rate of a new car loan translates into lower monthly instalments. On the other hand, as you require fewer funds for an old car, you need to pay lower EMIs. Moreover, the insurance premium is not attached with a pre-owned vehicle, and this implies a lower annual cash outflow in case of an old car. We provide flexible and easy repayment terms to support the financial situation of our customers.

Tenure of the Loan

Most banksoffer different loan tenures for new and old car loans. Therefore, it isessential to compare multiple alternatives before settling down on one. Weunderstand the diverse needs of our customers.

Documentation and Disbursal Process

The process of documentation for a new car can be lengthier than an old car. It may be due to the extra documents such as the insurance of the new car. We provide hassle-free documentation and ensure a super quick loan approval. Furthermore, IndusInd Bank offers a refinancing option with an old car loan for the ease of repayment.

Which One Is Better For You?

You must opt for the one that provides the most value to you and aligns with your financial product requirements. It all narrows down to your needs and the purpose of the vehicle. If you plan to buy a new car or a pre-owned one, you can enjoy exclusive benefits with IndusInd Bank.

Our car loans, both new and pre-owned car loans, have flexible terms and offer quick disbursal of the loan amount to let you enjoy the ownership of your vehicle in no time. Additionally, our interest rates are highly competitive. Contact us and get in touch with IndusInd Bank to get more clarity on the best loan type for you.

Disclaimer: 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.