Indian Bank Personal Loan Interest Rate 2025
With the rising demand for personal loans, the Indian Bank has developed a variety of loans that cater to every potential borrower's needs. With interest rates starting at just 10.85% per annum, applicants can easily fulfil multiple personal requirements by taking out a personal loan.
Indian Bank Personal Loan Interest Rate Highlights
The table below provides a highlight of Indian bank personal loan interest rate 2025:
| Rate of interest | 9.75% p.a. - 15.25% p.a. |
| Loan amount | Up to 20 times the monthly gross salary (applicable for salaried applicants) Up to 15 times of pension on a monthly basis (applicable for pensioners only) |
| Tenure of loan | Up to 7 years (for salaried individuals) Up to 10 years (for pensioners only) |
Types Of Indian Bank Personal Loan Interest Rate
Indian Bank offers different kinds of personal loans as detailed below:
Indian Bank Secured Loan For Salaried Class
- Under this scheme, individuals are employed in the government or private salaried sectors to fulfil medical, educational, marriage, family functions, and other home needs, as well as speculative purposes.
- With this scheme, the applicant is provided 20x the monthly gross salary value. The pay-off tenure of this scheme goes up to 7 years, and the processing fee is 1%.
Indian Bank Pension Loan Scheme
- Indian Bank offers pension loans to pensioners and family pensioners to cover expenses like medical needs, education, or family functions.
- The loan can be up to 15 times the monthly pension amount, with flexible tenures of up to 10 years.
- No collateral is required, and processing fees apply for amounts above ₹25,000.
Indian Bank Professional Loan
- Indian Bank offers personal loans to professionals such as doctors, engineers, architects, CAs, designers, and consultants with at least two years of experience and valid qualifications.
- The loan can be used for personal needs like office setup, renovations, or family expenses (excluding speculative purposes).
- Eligible applicants must have a minimum annual gross income of ₹7.5 lakhs for the past two years and be regular income tax filers.
Features Of Indian Bank Personal Loan
Here are some distinguishing characteristics of the Indian Bank personal loan scheme:
- Competitive Rates of Interest: The bank has an array of interest rates starting at 10.85% per annum.
- Easy Disbursal of Loan Amount: You can withdraw your loan very easily, as the amount is deposited into the applicant's bank account and thus can be used very easily.
- Easy Repayment of Loan: Applicants can choose a maximum of 84 EMIs for repayment of loan and tenure, thus allowing easy repayment.
- Sufficient Loan Amount: The loan amount can be up to 20 times the monthly salary and is meant for emergencies like debt repayment, medical expenses, or weddings.
Indian Bank Personal Loan Interest Rate 2025
As of April 2025, the personal loan interest rates in India Bank start from 10.85% per annum. However, the actual rate varies based on such factors as loan amount, repayment tenure, and the applicant's credit score. Rates may start from 11% per annum if you are a pensioner and wish to take out a personal loan.
Indian Bank Personal Loan Schemes Interest Rate 2025
The table below displays the interest rates for different schemes of Indian Bank Personal Loan:
Clean Loan
Category | Floating Rate of Interest (p.a.) |
| Non-Priority Term Loan for GMRA Premium | 9.75% to 9.90% |
| IB Professional | 10.00%-10.25% |
| IB Saral | 10.35% |
| IB Insta Cash | 10.00% |
Salary Loan and IBCLS Plus
Category | Floating Rate of Interest (p.a.) |
| Clean Loan to Salaried Class – Term Loan | 10.65% to 11.15% |
| Clean Loan to Salaried Class – Overdraft | 11.65% to 12.15% |
Pre-approved Personal Loan
Applicant Type | Floating Rate of Interest (p.a.) |
| Pensioners, Salaried & Regular Income Applicants | 12.15% |
| Self-employed Applicants | 12.75% to 14.75% |
| Home Loan customers | 10.75% |
Clean Loan
Classification | Fixed Rate of Interest (p.a.) |
| Non-Priority Term Loan for GMRA Premium | 10.25%-10.40% |
| IB Saral | 10.85% |
| IB Professional | 10.50%-10.75% |
| IB Insta Cash | 10.50% |
Salary Loan & IBCLS Plus
Classification | Fixed Rate of Interest (p.a.) |
| Clean Loan to Salaried Class – Term Loan | 11.15%-11.65% |
| Clean Loan to Salaried Class – Overdraft | 12.15%-12.65% |
Pre-approved Personal Loan
Applicant Type | Fixed Rate of Interest (p.a.) |
| Pensioners, Salaried & Regular Income Applicants | 12.65% |
| Home Loan customers | 11.25% |
| Self-employed Applicants | 13.25%-15.25% |
Factors Affecting Indian Bank Personal Loan
Here are the factors to consider that might impact the Indian Bank personal loan interest rate:
- High Credit Score: Borrowers with high credit scores are usually low-risk customers and create more favourable terms and conditions on personal loans.
- Income and Stability in Employment: Individual borrowers with high incomes and stable employment levels receive a low interest rate.
- Loan Amount: A higher loan amount indicates different rates of interest on the lending policies of banks..
- Kind of Employment: Salaried employees employed expect to receive better rates of interest than self-employed or irregular-income individuals.
Fees and Charges Of Indian Bank Personal Loans
The applicable fees and charges of the Indian Bank personal loan scheme are as follows:
Types of schemes | Fees and Charges |
| IB Pension Loan Scheme | Up to Rs. 25,000 - NIL |
| Above Rs. 25,000 – Rs. 250 | |
| IB Clean Loan to Salaried | 1% on the applicable loan amount |
| IND Covid Emergency Pension Loan | NIL |
| IND Covid Emergency Salary Loan | NIL |
Eligibility Criteria For Indian Bank Personal Loans
Here is a detailed overview of the eligibility conditions individuals must meet for a personal loan at Indian Bank:
Indian Bank Personal Loan for Pensioners
- Pensioners belonging to central and state government, family pensioners, IB retirees, and re-employed pensioners (both under VRS and superannuation)
- The entry age is allowed up to 75 years, and the maximum age is up to 78 years
- CRS and EPF pensioners are not eligible to apply
Indian Bank Secured Personal Loan
- The CIBIL score to be maintained must be at least 700
- The minimum age allowed for applying to this loan scheme is 21 years old
- Large MNCs with a turnover rate of more than Rs. 100 crores. Externally, the employer is usually graded “A” or higher (not exceeding more than 12 months old as per the current rating)
- Permanent resident having at least two years of experience in quasi-government, government, reputable companies, corporate industrial establishment
Documents Required To Apply For Indian Bank Personal Loan
Here are some essential documents mandatory to submit during submission:
- 3 passport size photographs
- Completed and duly filled out the application form
- Statement of passbook during the last six months
- Proof of residence: Photo copies of electricity bill or telephone bills
- Proof of identity: Photocopies of passport/driving license/Voter ID card/ IT PAN Card
- IT returns for the previous three years applicable to self-employed professionals
- Form 16 or IT returns during the last two financial years applicable for salaried employees
Indian Bank Personal Loan EMI Calculator
The Indian Bank personal loan EMI calculator is an online helpful tool for estimating monthly installments. This tool lets you understand the total interest to pay throughout the years of repayment. Thus, it simplifies your loan planning process, assists in assessing your affordability, and allows you to make informed decisions.
Indian Bank Personal Loan Customer Care
For any queries relating to Indian Bank Personal Loan, you can call their customer care number through multiple channels. The toll-free number of Indian Bank is 1800-425-00-000 or 1800-425-4422. Individuals can also reach out to their official website for online support and ask for details of the branch locator. Communication is also possible through email for any further queries or complaints.
Indian Bank provides personal loans at interest rates starting at just 10.85% per annum, allowing customers from various categories to select a loan type that best suits their requirement. With careful planning and responsible repayment, a personal loan can ease financial stress and support your goals effectively.
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