Indian Bank Personal Loan Interest Rates

Dear Sir I have an account in the Indian Bank and I want to apply for the Personal Loan but I have no idea about the personal loan interest rate so please can you give me the interest rate for the personal loan?

The details regarding personal loan facility rates are given to you. Hope it will worth you a lot.

Maximum Loan Amount ;;; Rs. 1 lakh

Minimum Loan Amount ;;; Rs. 60000

Interest Rate(Max) ;;; 12.9 Upto 20lakhs %

Interest Rate(Min) ;;; 12.9 Upto 20lakhs %

Interest Type ;;; Fixed

Late Payment Fee ;;;
Processing Fees ;;; Upto Rs 250 %

Prepayment Charges ;;; 2%

Repayment Period (Max) ;;; 3 year(s)

Repayment Period (Min) ;;; 1 year(s)

Note: Please correlate from the bank about the current and update data. Because all the above figures

I am customer of Indian Bank and want to take personal loan from this bank want details. Will you provide Indian Bank Personal Loan Interest Rates and list of Documents Required?

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India.

Purpose of Loan:

Indian Bank personal loan can be used for any personal expenses which include travel, vacation, education, medical and other personal finance requirements. Bank does not allow speculative use of personal loans.

Indian Bank Personal Loan Interest Rates

Indian Bank Personal Loan Interest Rates start from 11.05% with lowest rates for salaried borrowers.

Salaried

Lowest Interest Rate 11.05%
Processing Fee 0.5%, Min- Rs. 508
Loan Tenure 12 months to 36 months
Loan Amount ₹ 50,000 to ₹ 5 Lakh
Part Prepayment Charges Allowed after 0 EMI's, Nil prepayment charges
Preclosure Charges Allowed after 0 EMI's, Nil prepayment charges

Documents Required

For salaried employees

Filled up loan application form
2 Passport Size Photo
Income Tax PAN Copy
Identity Proof - Driving License/ PAN/ Passport/ Voter ID
Residential Address Proof - Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (upto 3 months old)
Income Documents - 2 years Form 16, 3 month pay slip, 3 months bank statement showing salary credit and any EMI debit

Please find the below attached file for the Indian Bank home loan application form:

Indian Bank home loan application form

Attached Files Available for Download

Indian Bank home loan application form.pdf (265.2 KB, 5 views)

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Answered By StudyChaCha Member