Indian Bank Personal Loan

• Loan amount: The loan amount varies for both salaried professionals and self- employed individuals and is customized to fulfill all the personal needs of each and every individual
• Flexible tenure: The tenure to repay Indian Bank Personal Loan goes up to 83 months depending upon the type of personal loan you wish to avail
• Online application: You can apply for Indian Bank Personal Loan online and can avail instant funds by just completing a few formalities
• Minimum documentation: The documentation process to apply for Indian Bank Personal Loan is minimum and ensures convenience

IB Clean Loan is offered to salaried professionals to meet their personal needs including medical expenses, household expenses, higher education, vacation, etc.

IB Clean Loan – Quantum of Loan

 IB Clean Loan – Eligibility Criteria

You should be a permanent employee with minimum service/experience of three years with govt./endowments/corporate industrial establishments/reputed companies, etc.

IB Clean Loan – Documents Required

• KYC documents: Aadhar Card, passport, ID card, ration card, driving license, etc.
• Proof of income: Last six months salary slip showing all deductions or latest form 16 (duly attested by the employer)
• Proof of employment: Copy of employment order, employee number, photo identity card issued by the employer, etc.
• Form 16/ITR
• Pan Card
• Authorization to debit SB account/ECS/NACH mandate

This loan by Indian Bank is offered to the pensioners to meet expenses like medical bills, family function, home renovation, etc. The repayment criteria for regular pensioners is maximum 60 months (subject to exit age at 78 years) and for family pensioners it is 36 months (subject to exit age at 73 years)

IB Pension Loan – Quantum of Loan

 IB Pension Loan – Eligibility Criteria

• Central and state government pensioners, re-employed pensioners, family pensioners, Indian Bank retirees (both under VRS and superannuation) whose pension SB accounts are maintained at Indian Bank’s branch
• The age criteria is as follows:

IB Pension Loan – Documents Required

• Authorization to recover monthly loan installment from SB account where pension is credited
• Guarantee of spouse eligible for family pension. In case the spouse is not available, India bank also accepts suitable guarantee from legal heir or family member/third part guarantee
• Pensioner’s portion of PPO

An individual can check the EMIs of Indian Bank Personal Loan at Paisabazaar.com by using the personal loan EMI Calculator and can plan his future expense accordingly. Also, EMI calculator helps you to borrow a loan amount as per your repayment ability. The process is simple and involves selecting the following things:

• Loan amount
• Tenure
• Interest rate

• You can call on national toll free number 1800-425-00-000 and 1800-425-4422
• You can visit the corporate office at PB No. 5555, 254-260, Avvai Shanmugam Salai, Royapettah, Chennai- 600 014