Indian Bank Personal Loan Interest Rate 2025

With the rising demand for personal loans, Indian Bank has developed a variety of loans that cater to every potential borrower's needs. With low interest rates and quick disbursals, applicants can easily fulfil multiple personal requirements by taking out a personal loan. 

Key Highlights

• Interest Rate: 9.00% – 14.00% p.a.
• Salaried professionals can get a loan up to 20 times their monthly salary with a tenure of 7 years.
• Pensioners can avail up to 15 times their monthly pension with a tenure of 10 years.

What is Indian Bank Personal Loan?

Indian Bank personal loans are unsecured loans offered to salaried individuals, pensioners, and others to meet personal financial needs like medical expenses, education, or travel. They come with flexible tenures, competitive interest rates, and quick processing.

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.

Indian Bank Personal Loan Interest Rate 2025

Indian bank personal loan interest rates 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(floating) for different schemes of Indian Bank Personal Loan:

Pre-approved Personal Loan

Clean Loan

Salary Loan and IBCLS Plus

Pension Loan

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:

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.

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 queries on Indian Bank Personal Loans, call the toll-free numbers 1800-425-00-000 / 1800-425-4422. You can also visit the official website for online support or branch locator, or connect via email for further assistance.

To Conclude,

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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