Indian Bank Personal Loan: Interest rates 2020, 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

Interest Rates 9.60% – 14.05%
Loan Amount 10 Lakh
Repayment Period Upto 3 Years
Processing Fees 0.51% on loan amount with a max. of Rs.510
Pre Payment Charges Nil
Minimum Income 12000 Per Month

 

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Indian Bank Personal Loan Interest Rates 2020

  • Pension Loan – Repayment of 12 months = 11.15%
  • Pension Loan – Repayment above 12 months upto 36 months = 11.90%
  • Pension Loan – Repayment above 36 months upto 60 months = 12.15%
  • IB Rent encash Repayment Upto 12 months = 9.50% – 13.50%
  • Personal Loan = 9.60% – 14.05%
  • compare-personal-loan-Interest-rates

    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

      (a). Employer’s sponsorship
      (b). Authorisation to debit SB account
      (c). Third party guarantee and/or Encashable 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 ऑनलाइन 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।

    Compare Indian Bank Personal loan with other Banks

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    Ratnakar Bank Citibank Standard Chartered Kotak Bank
    Bank of Baroda Uco Bank Dena Bank Federal Bank

    Other Loan Products of Indian Banks

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    Top Personal Loan Banks in India
    ICICI Bank Personal loan 10.99 – 16.50%
    Kotak Mahindra Personal loan 10.50 - 17.25%
    Standard Chartered Personal loan 11.00 - 15.00%
    HDFC Personal loan 10.75 - 20.75%
    Bajaj Finserv Personal loan 11.99% onwards
    IndusInd Bank Personal loan 11.25% onwards
    SBI Personal loan 11.65% - 15.05%
    Citibank Personal loan 10.99%
    Tata Capital Personal loan 11.25% - 19%
    Fullerton Personal loan 11.99 - 26.00%