Indian Bank Personal Loan Apply, Interest Rate 2024

How to get Indian Bank Personal Loan, Apply, Eligibility, Interest Rate, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take advantage of Indian Bank personal loan then this article is for you. Personal loan comes under the category of an unsecured loan . Personal loan is given by the lender on the basis of the credit history of the applicant.

Any person can take a personal loan for any of his personal expenses. You can apply for Indian Bank Instant Personal Loan both online and offline. In this article, we will know in detail what is Indian Bank personal loan, what is the interest rate, eligibility, documents of this loan and how can we apply for this loan etc., so you can complete this article till the end.

Indian Bank Personal Loan 

Any person can take a personal loan for any of his personal expenses such as marriage, higher education, children’s fees, medical emergency, for traveling etc. The loan amount given under Indian Bank Personal Loan depends on the CIBIL Score of the applicant. People with very good credit score can avail Indian Bank Personal Loan at attractive interest rates and in less time from the bank. The loan amount given under the loan depends on many factors of the applicant such as the applicant’s income, age, repayment ability, credit history, place of residence etc.

The interest rate of Indian Bank Personal Loan starts from 9.05% per annum. The processing fee is up to 1% of the loan amount. You can avail this personal loan with a maximum loan tenure of 10 years. Indian Bank offers many types of Instant Personal Loan, in which the loan amount and interest rate can also be different. We will know about all these loan types further in this article. You can get the loan amount up to 20 times the maximum gross monthly salary.

Indian Bank Personal Loan Overview

• Loan Name : Indian Bank Personal Loan 2024
• Lender Name : Indian Bank
• Loan Tenure: Up to 10 years
• Interest Rate : Starting from 9.05% p.a.
• Processing Fee : Up to 1% of the loan amount
• Maximum loan amount: 20 times the gross monthly salary
• Official Website : https://www.indianbank.in/

Indian Bank Personal Loan Interest Rate 2024

Indian Bank personal loan interest rate starts from 9.05% p.a. The interest rate may vary for different types of personal loans. Before taking personal loan we need to know about the personal loan interest rate 2023 so that at the time of repayment of the loan, we need to know about it. that you should not face any problem.

Benefits and Features of Indian Bank Personal Loan

• Any person can take this loan to meet his personal expenses.
• You can take a personal loan for marriage, higher education, children’s fees, medical emergency, traveling etc.
• Indian Bank personal loan interest rate starts from 9.05% p.a. The interest rate depends on many factors such as applicant’s income, age, CIBIL score, place of residence etc.
• You can get loan amount up to 20 times of your gross monthly salary.
• The processing fee is up to 1% of the loan amount.
• This loan can be taken for a maximum loan tenure of 10 years.

Types of Indian Bank Personal Loan

Indian Bank offers many types of Instant Personal Loan. The eligibility and interest rate may be different for all. The types of personal loans are as follows:

• IB Clean Loan (To Salaried Class)
• IB Pension Loan

IB Clean Loan (For Salaried Category):

• This loan can be taken to meet your wedding/educational and medical expenses, for celebrating family functions or for any of your household expenses.
• The minimum age of the person applying for this loan should be 21 years.
• You can get loan amount up to maximum 20 times of monthly gross salary.
• Margin – Nil
• Processing Fee – Up to 1% of the loan amount
• Interest Rate – 9.05% to 13.65%.
• You can take this loan for a maximum loan tenure of 84 months.
• Guarantee – Guarantee of Spouse (where applicable) and other employees
• OD Facility – OD facility with a maximum period of 60 months (for limits up to Rs.5.00 lakhs) / 84 months (for limits above Rs.5.00 lakhs) on monthly reduction basis.
• Your CIBIL score should be 700 or above.

IB Pension Loan:

• You can take this loan to meet any expenses like medical, education, family and household tasks, marriage etc.
• Margin – Nil |
• Loan amount:
  • Regular Pensioners: Maximum 15 times of monthly pension credit can be availed.
  • Family Pensioners: Loan amount up to 12 times of monthly pension credit (maximum Rs. 2 lakh) can be availed.
• You can take this loan for a maximum loan tenure of 10 years.
• The interest rate of this loan starts from 10.60% per annum.
• Processing Fees:
  • Up to Rs.25,000 – Nil
  • Above Rs.25,000 – Rs.250

Indian Bank Personal Loan Eligibility

You can apply for this personal loan only if you are eligible for it. For more details about eligibility, you can contact your nearest branch of the bank. To apply for Indian Bank Personal Loan, you must have the following eligibility:

• The minimum age of the applicant should be 21 years.
• Maximum age should be 78 years.
• The minimum CIBIL score of the applicant should be 700 or above.
• Eligibility for IB Clean Loan:
  • Permanent employees of government/semi-government/boards/endowment/reputed companies/corporate industrial establishments etc. can apply for this loan.
  • Applicant should have minimum 2 years work experience in their field.
• Eligibility for IB Pension Loan:
  • Central and state government pensioners, family pensioners, re-employed pensioners, IB retired (both under VRS and retirement) employees whose pension accounts are in this bank can apply for this loan.
  • CRS retirees and EPF pensioners cannot apply for this personal loan.

Indian Bank Personal Loan Documents Required

Before applying for the loan, you should keep all your documents together so that whenever the bank asks you for documents, you can show them all the documents immediately. To apply for an Indian Bank personal loan, you must have the following documents:

Documents for IB Clean Loan:

• Proof of Income – Salary slip or Form 16 for the last six months
• Proof of employment – ​​copy of employment order, photo identity card issued by the employer, employee number etc.
• Form 16 / ITR
• PAN Card (Mandatory)
• KYC Documents – Passport, Aadhar Card, Ration Card, Election ID, Driving License
• Authorization to debit SB account / ECS / NACH mandate
• suitable guarantor acceptable to the bank

How to apply for Indian Bank Personal Loan?

If you fulfill all the conditions of this personal loan, then you can apply for it both online and offline. Information about the process of applying is given below.

Indian Bank Personal Loan Online Apply

• To apply online, first you have to visit the official website of the bank indianbank.in .

• On the home page of the website, you will see the option of Products > Loan Products > Personal / Individual , click on it.
• A list of all loans will appear in front of you.
• Click on the loan for which you want to apply.
• On the next page, all the information related to that loan will come in front of you.
• To apply, you will see the option of Apply for Loan on this page , click on it.
• The loan application form will open in front of you.
• Enter the requested information in it and submit the form.
• After this the bank will contact you and the loan process will be issued further.

How to apply offline?

• To apply offline, you have to first go to your nearest Indian Bank branch.
• You will have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to personal loan.
• After that your documents will be verified.
• Then you will be given a form.
• You have to fill the form correctly, attach your documents and submit it to the same bank.
• If your loan is approved then the loan amount will be transferred to your bank account.

Indian Bank Personal Loan EMI Calculator

Before applying for any personal loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can get an idea of ​​how much you will have to pay at the time of loan repayment. You can calculate the EMI of your loan by visiting the official website of the bank with the help of Personal Loan EMI Calculator. The EMI of a personal loan depends on the loan amount, interest rate and loan tenure.

Indian Bank Loan Customer Care Number

If you want to get any other information about this personal loan, then you can get information by calling on Indian bank personal loan contact number.

• Toll Free Number : 1800-425-00-000 / 1800-425-4422

Conclusion:

In this article, we have provided you complete information about Indian Bank Personal Loan . Any person can apply for this loan to meet his personal expenses. Hope you friends have found this article informative. If you liked this article then please share it with your friends.

FAQs on Indian Bank Personal Loan: