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