Indian Bank Personal Loan – Interest rates 2024, Eligibility
Indian Bank Personal Loan: Compare online interest rates of personal loans of Indian bank, Indian Banks provides loans as Consumer loan, Salary loan, Smart Loan, Loan to LIC Agents, Doctors loan, Self employed loans, pension loans.
Indian Bank Personal Loan Details
| Loan Amount | 10 Lakh |
| Repayment Period | Upto 3 Years |
| Processing Fees | 1.00% on the Loan amount |
| Pre Payment Charges | Nil |
| Minimum Income | 12000 Per Month |
Indian Bank Personal Loan Interest Rates 2024
| Pre-approved Personal Loan | |
| Pre-approved Personal Loan to Pensioners, Salaried & Regular Income customers | 12.40% |
| PAPL to Self-employed Customers | 13.00% to 15.00% |
| Pre-approved Personal Loan to Home Loan customers | 11.00% |
| Clean Loan | |
| Non-Priority Term Loan for GMRA Premium | 10.00% to 10.15% |
| IB Saral | 10.60% |
| Salary Loan & IBCLS Plus | |
| IB Professional | 10.25% to 10.50% |
| IB Insta Cash | 10.25% |
| Pension Loan | |
| Pension Loan | 11.15% to 11.40% |
Purpose for Indian Bank Personal Loan
For meeting Marriage/Educational and medical expenses, to celebrate family functions and for other household expenses.
Target Group
Permanent Employees with minimum service/ experience of three years with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc. with minimum take home pay of 40% of gross salary after servicing the proposed EMI.
Permanent Employees with minimum service/ experience of three years with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc. with minimum take home pay of 40% of gross salary after servicing the proposed EMI.
Amount of Loan
Eligible amount is calculated @ five times the gross salary (maximum of Rs.50000/-) for account holders whose salary is credited in the branch account or @ 7 times of gross salary (maximum Rs.1 lakh) with employer sponsorship with undertaking letter from the employer to recover EMI from salary and remit to Bank.
Margin = Nil
Security
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- (a). Employer’s sponsorship
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- (b). Authorization to debit SB account
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- (c). Third party guarantee and/or En-cashable collateral security
- (d). Post dated cheques
Documents Required for Indian Bank Personal Loan
Proof of employment and salary certificate (salary credit to SB account with branch or employer’s undertaking to recover EMI and remit to bank)———————–
The following documents to be obtained in case of individual borrowers who approach for loan under this scheme directly without employer sponsorship or salary credit . Salary Certificate for self for 6 months IT returns/Form 16 for 3 years from the individual borrowers.. Statement of account for the past 6 months. Post dated cheques to be obtained. Suitable third party guarantee is desirable.
Check Faqs about Personal loan Here
इंडियन बैंक पर्सनल लोन: व्यक्तिगत ऋण की ब्याज दरों की तुलना करें, भारतीय बैंक उपभोक्ता ऋण, वेतन ऋण, स्मार्ट लोन, एलआईसी एजेंटों को ऋण, डॉक्टर ऋण, स्व-नियोजित ऋण, पेंशन ऋण के रूप में ऋण प्रदान करते हैं।
Other Loan Products of Indian Banks
- Indian Bank Home Loan
- Indian Bank Car Loan
- Indian Bank Credit Card
- Indian Bank Personal Loan EMI Calculator
- Indian Bank Loan against property
- Indian Bank Education Loan
- Indian Bank Gold Loan
