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Indian Bank Personal Loan

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

About Indian Bank Personal Loan

  • Indian Bank offers personal loans to cater to the personal requirements of applicants, except for speculation.
  • The loan proceeds can be used for marriage, education, medical emergencies and other household expenses.
  • The lender offers takeover facility to applicants having their salary accounts with Indian Bank.
  • Indian Bank also offers personal loans to pensioners drawing their pension from Indian Bank.
  • Individuals employed with government bodies/listed companies and autonomous bodies with their salary credited in the savings account maintained with Indian Bank are eligible for overdraft facility.

Indian Bank Personal Loan Highlights

  • Interest rate- 9.00%-15.25% p.a.
  • Loan Amount-
    • Up to 20 times of monthly gross salary (for salaried applicants)
    • Up to 15 times of monthly pension (for pensioners)
  • Loan Tenure-
    • Up to 7 years (for salaried applicants)
    • Up to 10 years (for pensioners)
  • Processing Fees- Up to 1% of the loan amount

Indian Bank Personal Loan Interest Rates

Indian Bank Personal Loan interest rates start from 9.00% p.a. The bank has mentioned its interest rate differentiation based on the type of Indian Bank Personal Loan scheme, employment profile and loan tenure. While the bank has not disclosed the credit score or monthly income based interest rate differentiation, Indian Bank may also consider these factors, just like many lenders do, while setting its personal loan rates.

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%

Types of Indian Bank Personal Loan

IB Clean Loan to Salaried

Purpose: Regular personal loan scheme for meeting medical, educational, marriage, family functions and other household expenses of individuals employed in government sectors or private salaried borrowers (other than speculative purposes)

Loan Amount:

  • No check-off/undertaking available and salary credited in Indian Bank- Up to 20 times of monthly gross salary. The maximum limit is capped at Rs 50 lakhs.
  • Check-off/undertaking available and salary may or may not be credited in Indian Bank- Up to 20 times of monthly gross salary
  • Home loan is already availed by the customer and salary is credited in the Indian Bank- Up to 20 times of monthly gross salary

Tenure: Up to 7 years (loan closure 3 months prior to superannuation)

Overdraft:

  • No check-off/undertaking available and salary credited in Indian Bank-
    • The overdraft limit is equal to 1 month’s gross salary of the applicant subject to a maximum of Rs 2 lakhs
    • The limit is for a tenure of 1 year
    • The maximum limit is up to Rs 50 lakhs
  • Check-off/undertaking available and salary may or may not be credited in Indian Bank (or) Home loan is already availed by the customer and salary is credited in the Indian Bank
    • For limits up to Rs 5 lakhs – Maximum 5 years
    • For limits above Rs 5 lakhs – Maximum 7 years

Processing Fee: 1% on the loan amount

IB Pension Loan Scheme

Purpose: Pension loan offered to pensioners/family pensioners for meeting their various financial requirements like marriage, education, family functions, medical, etc.

Loan Amount:

  • For Regular Pensioners: Up to 18 times of pension credited monthly
  • For Family Pensioners: Up to 12 times of pension credited monthly

Tenure: Up to 10 years with respect to the exit age criteria

Processing Fee:

  • Up to Rs 25,000- NIL
  • Up to Rs 25,000- Rs 250

IB Professional

Purpose: Indian Bank offers personal loan to professionals for personal purposes such as household articles, setting up or renovation of office, to celebrate family functions, purchase of consumer durables and other personal/household expenses etc.

Loan Amount:

The maximum loan amount is to be lower of the following

  • 2.50 times of lowest Gross Annual Income during the last 2 years
  • Rs 30 lakhs

Tenure: Maximum 84 equated monthly instalment

IB Insta Cash – Overdraft Facility in Savings Bank Salary Account

Purpose: Indian Bank offers overdraft facility in savings accounts to employees of eligible organisations whose salaries are credited in a savings bank account maintained with Indian Bank

Loan Amount:

The maximum loan amount is to be lower of the following

  • Minimum overdraft amount – Rs 25,000
  • Maximum overdraft amount – Rs 2 lakhs or 2 month’s salary, whichever is lesser
  • Minimum NTHP (after servicing interest of the overdraft facility) should be 40%

Tenure: The overdraft facility is available for a period of 1 year

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Indian Bank Personal Loan Fees & Charges

Types Processing Charges
IB Pension Loan Scheme Up to Rs 25,000- NIL

Above Rs 25,000- Rs 250

IB Clean Loan to Salaried 1.00% on the loan amount
IND Covid Emergency Pension Loan NIL
IND Covid Emergency Salary Loan NIL

Eligibility Criteria for Indian Bank Personal Loan

Apply for a personal loan on Indian Bank, applicants must meet certain eligibility criteria. Here are the key requirements

IB Pension Loan Scheme

  • State and Central government pensioners, family pensioners, re-employed pensioners, IB retirees (both under superannuation and VRS)
  • EPF pensioners and CRS retirees are not eligible
  • Age Requirement:
    • For regular pensioners: Entry age- Up to 75 years Exit age- Up to 78 years
    • For family pensioners: Entry age- Up to 72 years Exit age- Up to 75 years
    • No minimum entry age

IB Clean Loan to Salaried

  • Permanent employees with government/ quasi-government/ reputed companies/ endowments/ corporate industrial establishments with an experience of at least 2 years
  • Reputed Private Sectors:Large MNCs/Corporates with turnover above Rs 100 crores The employer is externally rated as “A” and above (not more than 12 months old as per current rating)
  • Minimum Entry Age: 21 years
  • Minimum CIBIL score should be 700

IB Professional

  • All professionals including Architects, Chartered Accountants, Company Secretaries, Cost Accountants, Doctors, Engineers, Designers, Management/ Financial Consultants, etc. are eligibile
  • Applicant should have a work experience of a minimum 2 years with valid membership or license holder or degree and major part of their income is through profession
  • Age: Minimum – 21 years; Maximum – 70 years

IB Insta Cash

  • Eligible applicants: Regular Employees of government or state government/Listed Companies/PSUs/ Autonomous Bodies whose salaries are credited in Indian Bank savings accounts
  • The salary credits are received for at least the past 1 month and the minimum monthly salary credited to the account is Rs 25,000
  • Other organisations or Institutions having more than 50 salary accounts with Indian Bank are also eligible for overdraft facility

In addition, the bank may require you to have a strong credit score. You can check your credit score for free and stay aware about your credit profile.

Documents Required for Availing Indian Bank Personal Loan

IB Clean Loan to Salaried

  • Income proof (attested by the employer)- Salary slips for last 6 months with tax deductions/ Form 16
  • PAN Card (mandatory document)
  • Form 16/ ITR
  • Employment Proof – ID card given by the employer, copy of employment order, employee number
  • KYC documents – Aadhar card/ ration card/ Driving license/ Voter ID
  • Authorization to debit the EMI from SB account/ NACH mandate/ ECS

IB Pension Loan Scheme

  • PPO portion of the pensioner
  • Intimation to PPA
  • Authorization for recovering the EMI from the savings bank account where the pension is credited
  • A suitable guarantor as per the bank’s acceptance criteria

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

Avail Personal Loan for
All Your Needs

Avail Personal Loan Banner

Avail Personal Loan for
All Your Needs

FAQs

Indian Bank approves personal loan applications made by those having credit scores of 700 & above.

Most banks/NBFCs take 2-7 days to disburse pa ersonal loan from the date of making personal loan application.

No, Indian Bank does not provide pre-approved personal loans to select customers.

Although, Indian Bank has not mentioned any specific minimum salary requirement, the applicants with a minimum monthly income of Rs 15,000 would be able to avail personal loan from Indian Bank.

No, there are no restrictions on the prepayment of Indian Bank Personal Loan. The prepayment charges are NIL for the applicants availing personal loan from Indian Bank.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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