Indian Bank Personal Loan Interest rates from 10.90% p.a
Apply for a personal loan with Indian Bank at attractive interest rates starting from 10.90%. Quick approvals, flexible terms, and easy repayments!
Compare Indian Bank Personal Loan Interest rate Vs others
Comparison of Personal Loan Interest Rates of Banks (2025)
| Bank | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| DBS Bank | From 10.99% | Up to ₹15 Lakhs | Apply |
| HDFC | From 10.85% | Up to ₹40 Lakhs | Apply |
| Axis Bank | From 10.49% | Up to ₹40 Lakhs | Apply |
| ICICI Bank | 10.75% – 19% | Up to ₹40 Lakhs | Apply |
| Bank of Baroda | 10.75% – 18.5% | Up to ₹5 Lakhs | Apply |
| SBI | From 11% | Up to ₹30 Lakhs | Apply |
| IndusInd | From 10.49% | Up to ₹50 Lakhs | Apply |
| Yes Bank | From 10.99% | Up to ₹40 Lakhs | Apply |
| Standard Chartered | From 11.5% | Up to ₹50 Lakhs | Apply |
| IDFC | From 10.49% | Up to ₹50 Lakhs | Apply |
| Kotak Mahindra | From 10.99% | Up to ₹40 Lakhs | Apply |
| PNB | From 11.40% | Up to ₹20 Lakhs | Apply |
| Bandhan Bank | From 11.55% | Up to ₹25 Lakhs | Apply |
Comparison of Personal Loan Interest Rates of NBFCs (2025)
| NBFC | Interest Rate | Loan Amount | Apply |
|---|---|---|---|
| Piramal Finance | From 12.99% | Up to ₹35 Lakhs | Apply |
| Shriram Finance | From 14% | Up to ₹35 Lakhs | Apply |
| Tata Capital | From 10.99% | Up to ₹35 Lakhs | Apply |
| InCred | From 18% | Up to ₹3 Lakhs | Apply |
| Finnable | From 16% | Up to ₹10 Lakhs | Apply |
| PaySense | From 16.8% | Up to ₹5 Lakhs | Apply |
| Poonawalla | From 9.99% | Up to ₹30 Lakhs | Apply |
| Fullerton | From 11.99% | Up to ₹25 Lakhs | Apply |
| LendingKart | From 12% | Up to ₹3 Lakhs | Apply |
| Axis Finance | From 13% | Up to ₹25 Lakhs | Apply |
| Mahindra Finance | From 10.99% | Up to ₹10 Lakhs | Apply |
| Aditya Birla | From 11.99% | Up to ₹50 Lakhs | Apply |
| Bajaj Finance | From 11% | Up to ₹50 Lakhs | Apply |
Indian Bank Personal Loan Interest Rates
Overview of Rates Indian Bank offers personal loans with interest rates ranging from 12.15%. The rate applied to your loan depends on factors such as:
- Credit Score: A higher credit score can fetch you lower rates.
- Income: Stable and higher income levels reduce risk for the lender, resulting in better rates.
- Employment Type: Salaried individuals with secure jobs may enjoy lower rates.
Factors That Drive Indian Bank Personal Loan Interest Rates
- Credit Score: A score above 750 will get you the best interest rate in the market.
- Loan Amount and Tenure: Larger amounts or longer repayment periods may warrant small changes in the interest rate.
- Employment Type and Stability: Government employees and individuals with stable jobs receive preferential rates.
- Existing Relationship with Indian Bank: If you have a salary account or have been banking with Indian Bank, you may get added advantages.
How to Get the Best Interest Rate on Indian Bank Personal Loans
- Improve Your Credit Score: Clear your dues and keep balances low.
- Negotiate Rates: Financially secure individuals can negotiate better rates.
- Look for Pre-Approved Offers: Customers pre-approved by Indian Bank might get lower interest rates.
Indian Bank Personal Loan EMI Calculator
Using an EMI calculator is a simple way to estimate your monthly payments and plan better.
Steps to Calculate Your EMI
- Input Loan Amount: Enter the total credit required.
- Select Interest Rate: Enter the applicable interest rate.
- Choose Tenure: Decide the repayment tenure in months.
Example Scenario
If you take a loan of ₹7,00,000 for 5 years at a 13.5% interest rate:
- Loan Amount: ₹7,00,000
- Interest Rate: 13.5%
- Tenure: 5 years
Using the formula for EMI calculation, the monthly EMI would be approximately ₹16,107.
Types of Personal Loans from Indian Bank
| Type of Personal Loan | Details |
|---|---|
| Indian Bank Clean or Secured Loan Scheme for the Salaried | Purpose: Medical, education, or home-related expenses Eligibility: Salaried individuals (government or private sector) Loan Amount: Up to 20× monthly gross salary Tenure: Up to 7 years Processing Fee: 1% |
| Indian Bank Pension Loan Scheme | Purpose: Expenses related to marriage, education, or medical needs Eligibility: State/Central Government Pensioners, Family Pensioners, Re-employed Pensioners Loan Amount: Up to 18× monthly pension |
| IB Professional Loan | Purpose: Financial support for professionals like Doctors, Engineers, and Chartered Accountants Eligibility: Minimum 2 years of experience Income: Minimum ₹7.5 Lakhs per annum Loan Amount: 2.5× the lowest Gross Annual Income from the last 2 years |
Eligibility Criteria
IB Pension Loan Scheme
Eligible:
- State/Central Government Pensioners
- Family Pensioners
- Re-employed Pensioners
Not Eligible:
- Pensioners under EPF
- CRS retirees
IB Clean Loan to Salaried
Employment:
- Employees of government/quasi-government institutions or reputed private companies
- Minimum Entry Age: 21 years
- Credit Score (CIBIL): 700 and above
FAQs for Indian Bank Personal Loan Interest Rate
- Can I apply for a lower interest rate after loan disbursal?
No, the interest rate is fixed at the time of disbursal.
- Are concessional rates available for women or professionals?
Yes, Indian Bank offers lower rates for women and certain professionals.
- What happens if I miss an EMI payment?
A late payment penalty is incurred; consult the bank for financial advice.
- Are there penalties for prepayment or foreclosure?
Yes, charges may apply, but early repayment reduces the overall interest burden.
