|
|
| COMPARE : PERSONAL LOAN |
|
|
|
|
| Indian Bank Personal Loan |
|
|
| Introduction |
|
| Indian Bank has designed customer friendly and very attractive offers of personal loan to people. The IB Clean loan has been designed for salaried class. It provides loans to meet Marriage/Educational and medical expenses, to celebrate family functions and for other household expenses. |
|
|
|
|
| Highlights |
|
| |
Salaried |
Self Employed |
| Loan Scheme |
IB Clean Loan |
IB Consumer Loan |
| Loan Type |
Term Loan |
Term Loan |
| Loan Amount |
Eligible amount is calculated @ five times the gross salary (maximum of Rs.50000/-) for account holders whose salary is credited in the branch account or @7 times of gross salary (maximum Rs.1 lakh) with employer sponsorship with undertaking letter from the employer to recover EMI from salary and remit to Bank.
|
Min. - Rs 25000
Max. - Rs 1000000
|
| Tenure |
Min. - 12 months.
Max. - 36 months.
|
Min. - 12 months.
Max. - 36 months.
|
| Interest Rate |
Min. - 16.75 %
Max. - 17 %
|
Min. - 14.5 %
Max. - 14.5 %
|
| Time to Process Loan |
5 days |
5 days |
|
|
 Fees & charges
Fees & charges
|
|
| |
Salaried |
Self Employed |
| Processing Fee |
0.5 % |
0.5 % |
|
|
|
Security
|
Security |
|
|
(a). Employer's sponsorship
(b). Authorisation to debit SB account or
(c). Third party guarantee and/or Encashable collateral security, (d)Post dated cheques |
|
|
|
|
|
|
Show All Personal Loans
|
|
|
|
|
|
Twitter