The platform provides a completely digital end-to-end process that leverages the power of India’s public digital infrastructure – ‘IndiaStack’. The platform provides many conveniences to the existing customers of IndusInd Bank and those who are not its customers from the comfort of their homes.
With a vision to transform the banking experience for its customers, IndusInd Bank has introduced a first of its kind comprehensive digital lending platform – ‘Indus Easy Credit’ in line with its vision of Digital First. At present, customers are taking advantage of this facility with the help of the bank’s website. IndusInd Bank is a private sector bank operating in India. The bank was established in 1994 and is headquartered in Pune.
KYC process through video
The platform provides a completely digital end-to-end process that leverages the power of India’s public digital infrastructure – ‘IndiaStack’. The platform enables IndusInd Bank existing customers and those who are not its customers to apply for personal loans and credit cards in a paperless, presenceless and cashless manner.
The bank’s Chief Digital Officer and Head-Business Strategy Charu Mathur said that for the past few months, the bank was continuously working in the direction of providing facilities to the customers in a safe and comfortable manner from the comfort of their homes. IndusEasy Credit is the result of such efforts, through which customers will be able to get the facility of personal loan or credit loan on a single platform.
The KYC process, which is applicable only for non-IndusInd Bank customers, is also done through video, making the entire process simple, hassle free and from the comfort of home. At present customers can apply for ‘Indus Easy Credit’ facility through the Bank’s website. It will also be made available on IndusMobile, the bank’s mobile banking application, soon.
- Indus Easy Credit
- Personal loan
- Credit card
Instant personal loan process for customers
Complete e-KYC and provide required details to check eligibility (for non-IndusInd Bank customers only).
- Select the amount from the pre-approved loan offer as per the requirement.
- Accept auto populated interest rate, processing fee and EMI amount.
- Full Video KYC (Only for Non-IndusInd Bank customers).
- After digitally signing the agreement, authenticate the request to enable instant credit credit to their account.
- On completion of this process, money is transferred to the customer’s account immediately.
Credit cards for customers
- Complete e-KYC and provide required details to check eligibility (Applicable for Non-IndusInd Bank customers only).
- Customers will get pre-approved offers.
- Select the desired IndusInd Bank credit card product.
- Full Video KYC (Applicable for non-IndusInd customers only).
- On completion of Video KYC, the said card is dispatched to the customer.