Loans play a pivotal role in fulfilling various financial needs, especially when it comes to substantial investments like buying a home or using property as collateral. While both involve leveraging property for financial needs, they differ significantly in their structure, purpose, and implications. In this blog, we will delve into the differences that set these two financial instruments apart, shedding light on their unique characteristics and helping you make informed decisions.

Within the intricate tapestry of financial decision-making, a clear understanding of the distinctions between aloan against propertyand a home loan is paramount. While a home loan opens doors to property ownership, a loan against property provides the flexibility to leverage existing property for diverse financial needs. The optimal choice depends on your specific financial goals, situation, and the purpose for which you require funds.

If you are seeking a home loan or a loan against property from a reputable institution like IndusInd Bank, you can secure the loan at a competitive interest rate. They offer a wide range of home loan products for all your financial requirements.Apply for a loan against property through IndusInd Bank’s Website  for fast & easy processing of your loan application.

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.

Travelling is a lot more than sightseeing and marking your visit at notable landmarks. It is about unfolding new experiences that create lasting memories. As you gear up for exciting adventures on your forthcoming international journey, there are a host of details you must finalise – flight tickets, visa approvals, accommodation, itinerary, and obtaining the local currency.

However, the excitement of planning an international trip often overshadows the importance of securing the best foreign exchange deals. Fluctuating exchange rates can further make it difficult to get a good deal without stretching your budget.

This is why most discerning travellers turn to forex cards. These convenient cards are not only cost-effective, but also make your travel hassle-free by eliminating the need to carry a large volume of physical cash.

What is a Forex Card?

A forex card is a prepaid travel card specifically for international travel, offering a safe and cashless way to carry foreign currency. Typically issued by banks and financial institutions, these cards can be loaded with the desired amount and used to make payments just like a regular credit or debit card.

The most significant advantage of a forex card is that the exchange rate is locked at the time of loading the card, shielding you against exchange rate fluctuations.

Most leading banks offer multicurrency forex cards, allowing you to load more than one currency in the same card. For example, new-age banks like IndusInd Bank, allow you to load up to 14 major currencies in a single card. These include:

• United States Dollar (USD)
• Euro (EUR)
• Great Britain Pound (GBP)
• Australian Dollar (AUD)
• Canadian Dollar (CAD)
• Arab Emirates Dirham (AED)
• Swiss Franc (CHF)
• Hong Kong Dollar (HKD)
• Japanese Yen (JPY)
• New Zealand Dollar (NZD)
• Saudi Riyal (SAR)
• Singapore Dollar (SGD)
• South African Rand (ZAR)
• Thai Baht (THB)

Features and Benefits of IndusInd Bank’s Multicurrency Forex Card

IndusInd Bank’s multicurrency forex cards are packed with attractive features and benefits, making them a popular choice among travellers. Key benefits include:

Convenience

Make seamless international payments to hotels, restaurants, airlines, stores, and petrol pumps at no extra charge with the Indus Multicurrency Forex Card. Load up to 14 currencies, avoid exchange rate fluctuations, and withdraw cash from any VISA-enabled ATM worldwide for a hassle-free travel experience. With IndusInd Bank’s forex card, you can also receive instant transaction alerts plus enjoy easy encashment upon your return to India.

Purchase and Loading

Travellers can easily get the Indus Multicurrency Forex Card online through the bank’s website or offline through one of the many IndusInd Bank Forex-enabled branches. Receive your Ready-to-Use Card Kit instantly to avoid any delays in planning. Additionally, you can load and reload the card multiple times through the official forex website.

Account Tracking

IndusInd Bank allows all forexcardholders to track their spending or check their balance on the go through the website. Cardholders also receive instant transaction information on their registered mobile number or email ID to prevent misuse. Regular statements provided by the bank make it easier to track international transactions.

Security and Safety

Carry out foreign transactions securely with the Indus Multicurrency Forex Card. Receive instant SMS alerts, track the spending and balance of the forex card online, and set a user ID and password for better security. If the card is lost or stolen, you can immediately hot-list it over the phone from India or abroad.

Get the Best Foreign Exchange Deal with the Indus Multicurrency Forex Card

Manage all your transactions seamlessly without the risk of exchange rate fluctuations with a forex card. With feature-rich cards like the Indus Multicurrency Forex Card, you can also enjoy exciting perks like free airport transfers, low processing charges for wire transfers, and discounts on sightseeing and other tourist activities. Easily withdraw cash from ATMs and make payments at merchant outlets for a stress-free experience with the Indus Forex Card, your perfect partner for your next international trip

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.

In today’s fast-paced world, where digital transactions are becoming increasingly common, FASTag has emerged as a major game-changer for hassle-free toll payments on highways across India. It is a prepaid rechargeable tag that facilitates faster and more convenient toll payments, eliminating the need for cash transactions, and long queues at toll booths. IndusInd Bank, one of the top private banks in India, offers its customers the convenience of obtaining a FASTag online. Whether you are a frequent traveller, or someone who goes on road trips occasionally, apply for  a FASTag from IndusInd Bank, and experience the ease of cashless toll payments on highways.

Keep reading for more information on how to buy FASTag online from IndusInd Bank, and how long the procedure will take.

IndusInd Bank FASTag Application Process

Here’s a step-by-step guide on obtaining a FASTag online from IndusInd Bank:

You can conveniently purchase a FASTag online from the comfort of your home or office. In compliance with the terms and conditions of the bank, the physical FASTag will be delivered to your doorstep in the next few days. IndusInd Bank is committed to making this process as swift as possible.

Benefits of IndusInd Bank FASTag

There are several advantages to using an IndusInd Bank FASTag. Some of them are mentioned below:

• It streamlines toll booth transactions, saving you time and reducing traffic congestion
• It eliminates the need for carrying cash, making it a safer and more convenient payment option
• You can recharge your FASTag account online through IndusInd Bank’s website or mobile app
• You can stay informed about your FASTag account with instant SMS notifications for toll transactions, balance updates, and account activities
• Using a FASTag helps reduce air pollution by lowering waiting time at toll booths, which in turn reduces carbon emission
• FASTag is an eco-friendly choice that minimises the use of paper by replacing conventional toll receipts with digital transactions
• Monthly e-Statements of your Toll Transactions
• Dedicated 24×7 Customer service center

Bottom Line

If you want to make your travel efficient and convenient on the highways, IndusInd Bank’s FASTag service has got you covered. By completing the application process online, you can expedite the whole process, and enjoy the perks of hassle-free toll payments on highways across India sooner than you might have thought possible.

So, why wait? Apply for instant FASTag online with IndusInd Bank and get on the fast lane to convenience!

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.

With the advent of digitisation and ease of online shopping, credit cards have become an essential tool for financial transactions. Although credit cards streamline the purchasing process, they also present a potential risk of fraud and identity theft. Credit card fraud can happen if someone physically steals your card or digitally hacks your account. As a result, your credit card bills may go up significantly, and your credit score may suffer as a result of non-payment of dues.

Here are some essential tips to assist you in avoiding credit card fraud and identity theft. Read on!

1. Secure Your Physical Card

Check the kit for tampering when you receive a new credit card. Keep the credit card in a small wallet for safety. Avoid sharing your card details with anyone. While making transactions in public places, make sure no one is looking at your PIN or capturing your card information. Even if it has not been used for a while, you should periodically make sure your credit card is still in your wallet.

2. Monitor Your Credit Card Statements

Pay close attention to your credit card statements to identify any unauthorised or suspicious transactions. Review each transaction carefully to look for any unusual charges or discrepancies. If you notice anything suspicious, report it to your credit card issuer immediately. Your timely step can minimise the damage caused by fraudulent transactions.

3. Use Secure Websites for Online Transactions

Only shop from online websites that use encryption to protect your information. Check if the website URL begins with “https” and the browser bar has a lock icon. Do not enter your credit card information on websites that do not seem legitimate. Certain credit card companies provide extra security with two-factor authentication that requires an OTP for transactions.

4. Set Up SMS Alerts

Enabling SMS alerts for credit card transactions boosts financial security with real-time updates. By linking your contact number to your credit card, you can receive real-time transaction updates and promptly identify any unauthorised activity. This proactive approach ensures quick resolutions and protects against potential fraud.

5. Be Aware of Phishing Scams

Be wary of calls, texts, or emails seeking your credit card details or information. Never click on links in these messages, and do not send any personal or card information until you know the request is legitimate. If in doubt, contact the merchant or financial institution directly using verified contact details to confirm the legitimacy of the request.

6. Report Lost or Stolen Card Immediately

Report your lost or stolen credit card to the service provider immediately to prevent fraud. Keep the credit card company’s customer service number in your contacts to expedite the reporting process in case of card loss or theft. Taking immediate action reduces potential risks and protects your financial stability.

Conclusion

Looking to apply for credit card online? Make sure to secure your new credit card by staying vigilant, taking preventive measures, and adopting sound financial practices. By implementing the above-mentioned tips, you can minimise the odds of being subjected to card fraud or identity theft.

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.

A loan against property is a versatile financial tool capable of addressing a wide range of financial challenges. It is crucial to consider key factors such as property valuation, credit score, interest rates, and eligibility criteria. Unlock substantial funds for major expenses like business setup, education, or debt consolidation with a loan against property from IndusInd Bank.

Reaching important milestones in life often demands a substantial financial investment. Perhaps you wish to expand your business, pay for higher education abroad, or need to consolidate debt. In such times the property you own can be a valuable asset. It allows you to secure the necessary funds without disturbing your savings or liquidating existing investments.

Since this is a secured loan, institutions offer you lower interest rates, and you get a large loan amount with a longer repayment tenure. These advantages have fuelled the Indian loan against property market, which is set to have an expected CAGR of over 14% in value terms over the next three years. Several crucial factors come into play when securing a loan against property and the terms of the loan offered to you. Let us take a closer look at some of these factors.

Factors Affecting a Loan Against Property

1. Property Valuation and Loan Amount

The value of the property being offered as collateral is an essential consideration for lenders when granting a loan against property and will affect the loan amount you will be offered. Financial institutions employ expert appraisers to assess the property’s value. The property’s valuation directly influences the Loan-to-Value (LTV) ratio. You can borrow up to 60-80% of the property’s market value.

2. Loan Against Property Interest Rate

One of the most critical factors that will affect your loan against property is the interest rate. This significantly impacts the overall cost of borrowing. This rate is influenced by factors like the lending institution, loan tenure, credit score, and market conditions. Comparing interest rates offered by various lenders and negotiating with them can help you secure the most favourable rate.

3. Eligibility Criteria

Loan against property eligibility criteria are set by lenders to evaluate your ability to repay the loan. Factors like your income, credit score, and property type are considered when determining your eligibility.

4. Loan Tenure

A loan against property usually comes with a flexible tenure, allowing you to choose a repayment period that suits your financial situation. A more extended tenure can reduce your monthly EMI, but it may result in higher interest payments over time. Shorter tenures come with higher EMIs but result in lower interest costs.

5. Credit Score

Your credit score is a crucial determinant of your loan against property eligibilityand interest rates offered.A high credit score can help you secure a lower interest rate and better terms, while a lower score may lead to higher interest costs and stricter eligibility criteria.

6. Legal and Technical Due Diligence

Before approving a loan against property, lenders conduct legal and technical due diligence on the property. They need to ensure that the property is legally clear of disputes. Any legal issues can impact your eligibility and loan approval.

Apply for a Loan Against Property at IndusInd Bank

Here are some salient features and benefits of an IndusInd Bank loan against property:

• Simple eligibility criteria
• Hassle-free application process, with quick disbursal time
• A loan-to-value (LTV) ratio of up to 80%, based on the market value of your property.
• Flexible tenures for repayment, ranging up to 20 years
• The convenience of doorstep service
• Freedom to utilise the loan funds for business or personal needs
• An overdraft facility where you are given a credit limit to utilise during the loan tenure. Interest is applied only to the amount you use.

In conclusion, obtaining a loan against property is a viable solution for turning your real estate investment into a valuable financial resource. Apply online today through IndusInd Bank’s website by entering customer details (name, mobile & city) and enjoy speedy processing and quick disbursal.

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.