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Features of Professional Loan OD by IndusInd Bank

  • Flexible Overdraft Facility: The Professional Loan OD allows professionals to withdraw funds as and when needed, up to a pre-approved credit limit, without the need for repeated loan applications.
  • Secured Against Approved Securities: The facility is secured against approved securities such as shares, mutual fund units, government bonds, PSU bonds, or Sovereign Gold Bonds (SGB), with loan amounts up to 80% of the pledged securities' value.
  • High Loan Limits: The minimum overdraft limit starts at ₹2 lakh, while the maximum can go up to ₹50 crore, depending on the value of the pledged securities and eligibility criteria.
  • No Prepayment or Non-Usage Charges: There are no prepayment charges for repaying the overdraft amount, either partially or in full. No penalties are levied for non-utilization of the sanctioned limit.
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    • Competitive Interest Rates: Interest rates start from 11.25% per annum, calculated daily on the utilized amount and debited monthly.
    • Customizable for Professionals: Tailored to meet specific needs of self-employed professionals like funding business expansion, purchasing equipment, or addressing personal financial goals.
    • Quick and Hassle-Free Application: Streamlined digital process with auto-fill options using mobile number, net banking, or Aadhaar. Processing typically takes 2-7 working days.
    • Third-Party DP Securities Accepted: IndusInd Bank accepts securities held in third-party Demat accounts, broadening the range of eligible securities.
    • Renewable Tenure: Initial tenure of one year, renewable with minimal documentation for continued access to funds.
    • Stay Invested While Accessing Funds: Continue earning returns (dividends, interest) on pledged securities while using the overdraft facility.
    • Transparency in Charges: Minor processing fee communicated upfront with no hidden charges.
    • Multi-Purpose Usage: Funds can be used for business needs (working capital, equipment), personal needs (weddings, medical emergencies), or investment opportunities.
    • Dedicated Support: Access to a relationship manager for assistance with pledging securities, account setup, and ongoing management.
    • Credit Score Improvement: Timely repayments can enhance your credit history, potentially leading to better loan terms in the future.
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Benefits of Professional Loan OD by IndusInd Bank

  • Flexible Fund Access: Withdraw funds as needed up to the sanctioned credit limit, providing flexibility to manage personal or business expenses without repeated loan applications.
  • Cost-Effective Borrowing: Interest is charged only on the utilized amount and for the duration it is used, minimizing borrowing costs.
  • Stay Invested: Pledge approved securities to secure the overdraft, allowing you to access liquidity without selling investments while continuing to earn returns.
      • High Loan Limits: Avail overdraft limits from ₹2 lakh to ₹50 crore, depending on the value of pledged securities and eligibility, catering to both small and large financial needs.
      • Competitive Interest Rates: Interest rates start at 11.25% per annum, calculated daily and debited monthly, offering transparency and affordability compared to unsecured loans.
      • Quick and Digital Process: Streamlined online application with auto-fill options using mobile number, net banking, or Aadhaar, followed by PAN and Aadhaar verification.
      • Tailored for Professionals: Customized to meet the unique needs of self-employed professionals, supporting business expansion, equipment purchases, working capital, or personal goals like weddings or travel.
      • Minimal Documentation: Requires basic KYC documents, Demat/mutual fund statements, and a lien request letter. Additional documents (e.g., ITR, bank statements) are needed only for loans above ₹50 lakh.
      • Renewable Tenure: Initial tenure of one year, renewable with minimal documentation, ensuring continued access to funds.
      • Third-Party DP Securities Accepted: Pledge securities held in third-party Demat accounts, increasing the range of eligible assets for securing the overdraft.
      • Multi-Purpose Usage: Use funds for diverse needs, including business growth, working capital, medical emergencies, home renovations, or investment opportunities.
      • Credit Score Improvement: Timely repayments can enhance your credit history, potentially leading to better loan terms in the future.
      • Dedicated Support: Access to a relationship manager for assistance with pledging securities, account setup, and ongoing management.
      • Transparency in Charges: Clear communication of the minor processing fee and no hidden charges, enabling better financial planning.
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How to Apply for IndusInd Bank Professional Loan OD

  • 1. Visit the Application Platform
    • Go to the official IndusInd Bank website (https://www.indusind.com) or use the IndusInd Bank mobile banking app.
    • Alternatively, visit a nearby IndusInd Bank branch for in-person assistance.
  • 2. Select Application Category
    • Choose whether you are applying as an individual or an entity (e.g., proprietorship, partnership, or company, if applicable).
  • 3. Submit Personal and Financial Details
    • Auto-fill your details using registered mobile number linked to your IndusInd Bank account, net banking credentials, or Aadhaar number.
    • Verify your identity by providing your PAN and Aadhaar details through an OTP-based authentication process.
  • 4. Provide Portfolio Details
    • Submit details of the securities you wish to pledge (e.g., shares, mutual fund units, government bonds).
    • Upload a Demat account statement or mutual fund statement reflecting your holdings.
    • Receive a provisional sanction letter outlining the overdraft limit (up to 80% of the pledged securities' value).

Eligibility Criteria for IndusInd Bank Professional Loan OD

  • 1. Applicant Type
    • Self-Employed Professionals: Doctors, chartered accountants, architects, engineers, company secretaries, etc.
    • Individuals/Entities: Those owning approved securities (shares, mutual funds, bonds).
  • 2. Age Criteria
    • Minimum age: 21 years at the time of application.
    • Maximum age: 65 years at the time of loan maturity or overdraft facility renewal.
  • 3. Income Requirement
    • Minimum annual net income of ₹4.8 lakh (post-tax) for self-employed professionals.
  • 4. Credit Score
    • CIBIL score of 730 or above preferred for better approval chances.
  • 5. Professional Experience
    • Minimum 4-5 years of post-qualification experience or business continuity.
  • 6. Ownership of Approved Securities
    • Must own approved securities that can be pledged (shares, mutual funds, bonds).
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Documents Required for IndusInd Bank Professional Loan OD

  • 1. Mandatory Documents
    KYC Documents: PAN card (mandatory)
    Aadhaar card
    passport, voter ID, or driving license.
    Address Proof: Aadhaar card, passport, utility bill (not older than 3 months).
    Signature Proof: PAN card, passport, or banker's signature verification.
    Recent passport-size photograph.
    Demat Account Statement: Reflecting securities to be pledged (not older than 30 days).
    Lien Request Letter: To pledge securities with loan account number.
    Latest Salary Slips (for salaried professionals) or Income Proof (for self-employed).
    Duly filled and signed loan application form.
  • 2. Additional Documents (for Overdraft Above ₹50 Lakh)
    Last two years' Income Tax Returns (ITR) with computation of income.
    Three months' bank statements of primary account.
    Audited financials for the last two years (for self-employed or businesses).
    Proof of business continuity (e.g., trade license, sales invoices, or service tax returns).
  • 3. Optional Documents (if Requested)
    Professional Qualification Proof: Degree or certificate.
    Business Proof: Registration certificate, GST certificate.
    Office Address Proof: Utility bills, lease agreement, or property documents.
    Credit Report (if not directly pulled by bank): Latest credit bureau report showing score and account history.

Factors Considered for Professional Loan OD

  • 1. Applicant Profile
    Profession type and experience (minimum 4-5 years post-qualification). Business/entity type and operational history.
  • 2. Credit Score
    CIBIL score of 730 or above preferred for better approval chances and lower interest rates.
  • 3. Value and Type of Pledged Securities
    Market value of pledged securities (up to 80% of value). Only bank-approved securities accepted.
  • 4. Income and Financial Stability
    Minimum annual net income of ₹4.8 lakh (post-tax). For higher amounts, ITR and bank statements evaluated.
  • 5. Age of Applicant
    21-65 years at application/maturity. Impacts tenure and renewal eligibility.
  • 6. Documentation Completeness
    Complete and accurate submission of KYC, Demat statements, and lien request letter.
  • 7. Loan Amount and Purpose
    Ranges from ₹2 lakh to ₹50 crore. Purpose evaluated for alignment with facility terms.
  • 8. Interest Rate and Cost Factors
    Starts at 11.25% p.a. Final rate depends on credit score, securities quality, and loan amount.

Frequently Asked Questions (FAQs)

1. What is the IndusInd Bank Professional Loan Overdraft (OD)?
The Professional Loan OD is a flexible overdraft facility designed for self-employed professionals and individuals/entities, allowing them to withdraw funds up to a pre-approved limit against pledged securities (e.g., shares, mutual funds, bonds). Interest is charged only on the utilized amount, and there are no fixed EMIs.
2. Who is eligible for the Professional Loan OD?
Eligible applicants include:
- Self-employed professionals (doctors, CAs, architects, engineers, etc.) with 4-5 years experience
- Individuals/entities owning approved securities
- Age: 21-65 years
- Minimum annual income: ₹4.8 lakh (post-tax)
- CIBIL score: Preferably 730+
Must own securities in a Demat account for pledging.
3. What securities can be pledged for the overdraft?
Approved securities include:
- Listed shares (approved by the bank)
- Mutual fund units
- Government bonds, PSU bonds, or Sovereign Gold Bonds (SGB)
Securities can be held in third-party Demat accounts.
4. How much overdraft limit can I get?
The limit ranges from ₹2 lakh to ₹50 crore, depending on:
- Market value of pledged securities (up to 80% of their value)
- Applicant's financial profile and credit score
- Type and quality of securities pledged
5. What is the interest rate for the Professional Loan OD?
Interest starts at 11.25% per annum, calculated daily on the utilized amount and debited monthly. The final rate depends on:
- Applicant's credit score
- Quality of pledged securities
- Loan amount
Competitive rates compared to unsecured personal loans.
6. Are there any prepayment or non-usage charges?
No prepayment charges for partial or full repayment.
No non-usage penalties - you incur no cost if the facility remains unused.
7. What documents are required to apply?
Mandatory:
- KYC (PAN, Aadhaar, address proof, photograph)
- Demat account or mutual fund statement (≤30 days old)
- Lien request letter for pledging securities

For loans above ₹50 lakh:
- Last two years' ITR with computation of income
- Three months' bank statements
8. How do I apply for the Professional Loan OD?
Steps:
1. Visit https://www.indusind.com or mobile app
2. Select applicant category (individual/entity)
3. Auto-fill details using mobile/net banking/Aadhaar
4. Verify with PAN and Aadhaar OTP
5. Submit securities details for provisional sanction
6. Pledge securities via lien request to DP
7. Complete setup with bank representative
Processing time: 2-7 working days.
9. Can I use securities in a third-party Demat account?
Yes, securities held in third-party Demat accounts are accepted, provided they are approved by the bank and properly pledged.
10. What is the tenure of the overdraft facility?
The initial tenure is one year, renewable annually with minimal documentation, subject to continued eligibility and security valuation.
11. What can I use the overdraft for?
Funds can be used for:
- Business Needs: Working capital, equipment purchase, practice expansion
- Personal Needs: Weddings, medical emergencies, home renovations
- Investments: Market opportunities without selling securities
12. Do I need to sell my securities to avail the overdraft?
No, you pledge securities to secure the overdraft and continue earning returns (dividends, interest) while accessing funds. The securities remain in your ownership.
13. How is the interest calculated and paid?
Interest is calculated daily on the utilized amount and debited monthly to your overdraft account. You only pay for what you use.
14. What happens if the value of my pledged securities falls?
If security values decline significantly, the bank may:
- Request additional securities to maintain the loan-to-value ratio
- Reduce your overdraft limit
- In rare cases, ask for partial repayment
Regular monitoring of security values is recommended.
15. Can I prepay the overdraft without penalties?
Yes, you can repay partially or fully at any time without prepayment charges. This helps reduce interest costs when you have surplus funds.

List of IndusInd Bank Overdraft Facilities

  • Overdraft Against Shares
  • Overdraft Against Mutual Fund Units
  • Overdraft Against Government Bonds
  • Overdraft Against PSU Bonds
  • Overdraft Against Sovereign Gold Bonds (SGB)
  • Overdraft for Doctors
  • Overdraft Against Property
  • Drop-line Overdraft