25 Years Expertise

2 lacs + Customers

7500 + Crores Disbursed

Personal Loan APR Starts from 11.99% to max 20% | Loan Tenure from 1 - 5 Years
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In order to find out the various banks you can avail a personal loan from, with simplified form fill the to find the result personal loan eligibility calculator:

Personal Loans with Indian Bank, Apply In Good Rates

Apply for Indian Bank Personal loan at lower Interest rate:

Indian bank is an Indian state owned financial services company incorporated in 1907 in Chennai and it has its overseas presence in Singapore, Colombo. Indian bank has 2532 branches and 2462 ATMs across India.

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It is a pioneer in introducing new technologies in Banking Sector:

  • 100% Business Computerization
  • Cash management services
  • Depository Services
  • E-payment facility for the corporate customers

Eligibility for Indian bank personal loan:

  • Indian bank offers personal loan to the following entities:
  • Permanent Employees with minimum service, experience of three years with Government, Quasi Government, Boards, and Endowments, reputed companies, Corporate Industrial Establishments etc. Minimum take home pay of 40% of gross salary after servicing the proposed EMI.

Loan Amount:

  • Eligible amount is calculated at five times of the gross salary
  • The employees whose salary directly gets credited in the Indian Bank
  • 7 times of gross salary maximum of 1 lakh with employer sponsorship with undertaking letter from the employer to recover EMI from salary and remit to the Bank


  • Nil

Interest rates:

  • Up to 36 months: 14.90%
  • Above 36 months upto 60 months: 15.15%
  • Above 60 months: 15.40%

Processing fees:

  • 0.508% of the loan amount and with minimum being Rs 508/
  • Repayment options:
  • Flexible repayment option of 36 Equated monthly installments


  • Employer’s sponsorship
  • Authorization to debit SB account

Third party Guarantee

  • Encashable collateral security and Post dated Cheques
  • Proof of employment and salary certificate

Documents required for the Indian bank personal loan:

  • Completed Application Form with passport size photograph

Identity Proof:

  • PAN card, Voter ID card, Passport, Driving license

Address Proof:

  • Recent telephone bill, Electricity bill, Property Tax Receipt, Passport, Voter’s ID

Proof of employment

  • Salary certificate for the last six months
  • IT returns and Form 16 for 3 years from the individual borrowers
  • Bank statement for last six months
  • Post date cheques also to be obtained
  • Suitable third party guarantee also is desirable