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Indian Bank Personal Loan Details

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Indian Bank personal loan is an unsecured loan you can use to meet different expenses. Indian Bank is Indian state owned company that provides financial services to its customers. It is a popular public sector bank in India. It offers personal loan to its customers so that they can meet their expenses like medical, educational, marriage or other expenses.

Our website, will provide you all details about personal loan Indian Bank.

Indian Bank Personal Loan Details Updated on

Loan Amount

Maximum Rs. 5 lakhs

Loan Tenure

12 months to 36 months

Interest Rate

14.35% to 14.85%

Why Choose Indian Bank Personal Loan?

  • The advantage of this loan is its same interest throughout the duration.
  • Simple documentation is needed and the personal loan in Indian Bank then gets processed faster.
  • The customers can pay off the loan in easy instalments every month and can repay it via auto debit or PDC or ECS.
  • You can check out Indian Bank personal loan eligibility and Indian Bank Personal Loan EMI calculator at

Features of Personal Loans at Indian Bank

The following key points will help you understand the features and benefits of the personal loans:

Processing charges

0.5 % of the amount of loan  with 510 rupees maximum 

Duration of loan

Three years

Requirement of guarantor


The bank offers various personal loan products to cater the requirements of an individual.

Below given are the types of personal loans provided by the bank:

  1. Home Loan
  2. The age of the applicant should be between 18 years to 60 years to apply for this loan. One may apply for the amount that is sixty times of the Net Income per month or thirty-six times of the Gross Income per month (whatever is high). If the house needs to be repaired or renovated, then a maximum of five lakh rupees can be availed.

  3. Value added feature: Group Insurance Coverage
  4. The Group Insurance Life Coverage is availed by the customers at premiums/ rates with concession. The premium payouts will be given by the applicant.

    The bank won’t finance the premium under the home loan. It will be financed as a different loan.

  5. Vehicle Loan
  6. The customer can avail this loan for buying a new 2 or 4 wheeler, or a second-hand 4 wheeler but it should not be older than three years when a reputed automobile engineer certifies it .

    Amount of loan- The customer can get up to ten lakh rupees to buy a 2 wheeler and up to 200 lakh rupees to buy a 4 Wheeler.

  7. Plot Loan
  8. The customer can avail a plot loan to buy a House Site on the basis of ownership in a layout approved by Competent Authority.

    Amount of loan: The customer can get up to 300 lakh rupees depending on the area on which the property is being bought (for example in rural, semi urban or metro area etc.)

  9. OD or loan against the Deposits
  10. One should be the term deposit holder at the bank to avail this loan.

    Amount of loan: Ninety percent of the deposit’s accrued value.

    Margin: Ten percent of the deposit’s accrued value

  11. IND Mortgage

Amount of loan: one can get a maximum of 200 lakh rupees loan. The loan can be repaid in 84 instalments maximum. Holiday duration won’t be applied for the loan.

Why Apply for Indian Bank Personal Loan?

Loanbaba provides comprehensive information about personal loan schemes by Indian Bank. Keep a note of this page to stay updated with recent information on this bank loan scheme. You can also quickly apply for this loan online on the bank's official website without having to visit the bank branch. It is simple and easy, and you can upload all the required documents online. Disbursal is done at the soonest, and you can keep a track of your loan application on the website.

Indian Bank Personal Loan Interest Rates

Personal Loan Indian Bank interest rate ranges between 14.35% and 14.85%but varies as per individual profile. Keep a check on this page to note the updated Indian Bankpersonal loan interest rate for the current year.

Indian Bank Personal Loan Eligibility Calculator

Personal loan eligibility may differ from one candidate to another. You can also use free-of-cost Indian Bank personal loan eligibility calculator at The eligibility criteria for Indian Bank personal loan are discussed below:

  • The applicant for personal loan Indian Bank needs to meet the age requirement and possess all necessary identity and income proof required to apply for the loan.
  • He/she meet the requirement for credit score and should not be under too many debts.

Types of Indian Bank Personal Loans

Indian Bank has personal loan schemes for professionals and salaried individuals. The amount taken as loan can be used for either multiple or specific purposes.

Indian Bank Personal Loan FAQs

Below provided are important questions about personal loan Indian Bank.

The processing fee is 0.50 percent of loan amount. The maximum amount charged is Rs.510.

For personal loan from Indian bank, a guarantor is required.

Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Indian Bank.

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