Indian Bank Personal Loan Interest Rates

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Indian Bank Personal Loan Interest Rates – 2025

Floating Rates

Clean Loan 

Classification	Rate of Interest (p.a.)
Non-Priority Term Loan for GMRA Premium	9.00% to 9.15%
IB Saral	9.60%
IB Professional	9.25%-9.50%
IB Insta Cash	9.25%

Salary Loan & IBCLS Plus

Classification	Rate of Interest (p.a.)
Clean Loan to Salaried Class – Term Loan	9.90% to 10.40%
Clean Loan to Salaried Class – Overdraft	10.90% to 11.40%

Pension Loan

Product	Rate of Interest (p.a.)
Pension Loan	10.15% to 10.40%

Pre-approved Personal Loan

Applicant Type	Rate of Interest (p.a.)
Pensioners, Salaried & Regular Income Applicants	11.40%
Self-employed Applicants	12.00% to 14.00%
Home Loan customers	10.00%

Fixed Rates

Clean Loan 

Classification	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	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%

Pension Loan

Product	Rate of Interest (p.a.)
Pension Loan	11.40%-11.65%

Pre-approved Personal Loan

Applicant Type	Rate of Interest (p.a.)
Pensioners, Salaried & Regular Income Applicants	12.65%
Self-employed Applicants	13.25%-15.25%
Home Loan Customers	11.25%

Note: Rates as of 23 June 2025

While there is no publicly available information regarding the availability of credit score based interest rates in Indian Bank Personal Loan, many lenders consider the credit scores of their personal loan applicants while setting their personal loan interest rates.

Factors Affecting Indian Bank Personal Loan Interest Rate

While the bank has not revealed the different Indian Bank Personal Loan Interest Rates for its personal loan schemes based on their credit-score, income, occupation, employer’s profile and other criteria, many lenders usually consider these factors for setting their personal loan interest rates.  Here is a list of some prime factors that lenders consider while setting interest rates of personal loans. 

Employer

Indian Bank considers the occupation and employer’s profile of its loan applicants for personal loan eligibility, the bank has not disclosed Indian Bank Personal Loan Interest Rate matrix based on occupation or employment profile.

That said, many banks often consider the  employer profile of their loan applicants before setting interest rates. In general, most banks/NBFCs offer personal loans for salaried applicants at lower interest rates than those set for personal loans offered for self-employed applicants. Many lenders also offer low interest rates to salaried applicants of Public Sector Undertakings and government as they hold higher income and job security. 

Furthermore, personal loan applicants of MNCs and reputed private sector organisations also get lower interest rates as they have the capability to manage economic downturns, which is highly doubtful in the cases of applicants of private sector organisations. 

Credit Score

Many/NBFCs check the credit score of their loan applicants when offering interest rates. While Indian Bank has set 700 as the cut-off credit score for its personal loan applicants, it has not disclosed the differential Indian Bank Personal Loan Interest Rates offered based on credit score. Personal loan applicants with high credit scores usually have higher chances of availing personal loans at lower interest rates. 

For that reason, try improving your credit score by timely repaying your credit card bills and EMIs, and avoiding multiple credit card applications or loans within a short period. Along with this, also try maintaining a minimum credit utilisation ratio to improve your eligibility for personal loans, home loans, credit cards and other such lending products. 

Also note that any errors in the credit report can lower your credit score and thereby, reduce your chances of availing personal loan at lower interest rates. So, ensure to check your credit reports at regular intervals, and identify such errors. If required, take necessary measures to avoid this from happening. Lower credit scores may also reduce your chances of availing lower Indian Bank Personal Loan Interest Rates.

Income

While the bank has not stated the differential Indian Bank Personal Loan Interest Rates based on the monthly income of its applicants, many lenders consider offering lower interest rates to loan applicants with higher income as they have lower credit risk due to their higher repayment capacity.

Existing Relationship with the Lender

The bank offers special interest rates to the existing housing loan borrowers whose salary is credited into Indian Bank. In the same manner, other lenders also offer personal loans at low interest rates to applicants who have an existing lending or deposit account with them. For that reason, consider contacting the banks/NBFCs with whom you have an existing banking or lending relationship to avail personal loans and then compare their personal loan interest rates with Indian Bank Personal Loan Interest Rates. 

Tips to Avail Personal Loans at Lower Interest Rates

• Check for pre-approved personal loan offers from banks and NBFCs.
• Maintain a credit score of 750 or above.
• Enquire with banks/NBFCs with whom you have deposit or loan accounts.
• Visit online financial marketplaces to check and compare Indian Bank Personal Loan Interest Rates with the interest rates offered by other banks and NBFCs.
• Keep track of personal loan interest rates offered by top banks/NBFC, especially during festive seasons.

FAQs

What is the interest rate of Indian Bank personal loan?

Ans: Indian Bank Personal Loan Interest Rate range from 9.00%-15.25% p.a.

Can I get a personal loan from Indian Bank?

Ans: Indian Bank personal loans can be availed by permanent employees of Government and Quasi-Government institutions, boards, reputed companies, endowments, corporate industrial establishments, etc., provided they have work experience of at least 2 years.