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Interest Rates on Personal Segment Loan Products: Floating

Interest Rates on Personal Segment Loan Products: Floating

Product Name Interest Rate Range
Home Loan
IB Home Loan 8.40% to 9.80%
IB Home Loan  – Takeover 8.40% to 9.80%
IB Home Loan (CRE) 8.90% to 10.30%
Home Loan to Corporate Entity
Home Loan to Corporate Entity 8.80% to 10.20%
Plot Loan
Plot Loan 9.40% to 10.80%
IB Home Improve
IB Home Improve 8.90% to 10.30%
IB Home Enrich
IB Home Enrich 9.40% to 9.95%
Home Loan Plus
IB Home Loan Plus 8.90% to 10.00%
Ind Mortgage Loan
Ind Mortgage (Term Loan) 10.10% to 11.75%
Ind Mortgage (Overdraft) 11.10% to 12.75%
Reverse Mortgage Loan
Reverse Mortgage Loan 9.40%
Loan against Rent Receivables
IB Rent Encash 10.00% to 11.50%
IB Rental 9.70% to 11.35%
IB Rental (CRE) 10.20% to 11.85%
If the lessee(s) is(are) our Bank / PSB / Pvt sector Bank / Reputed Financial Institution / Government Organization / PSU / Company & Firm (Externally rated “A” / equivalent and above), concession of 0.50% is application on effective ROI
Education Loan
Education Loan 8.80*% to 11.40%
*Education Loan Premier Elite Category Institutions
Vehicle Loan
IB Vehicle Loan   8.80% to 10.00%
IB Vehicle Loan (Eco Vahan ) 8.75% to 9.95%
IB Vehicle Loan for Purchase of User Car $ 10.80% to 12.90%
Vehicle Loan for Purchase of 2 Wheeler 10.15% to 11.65%
Loan for Purchase of “Van / Minibus / Bus / Ambulance” to Institutions / Firms / PSU / Company / Hospitals 10.00% to 10.65%
$ For vehicles purchased from certified pre owned cars like Authorized Dealer of Maruti True Value, Mahindra First Choice, Hyundai Promise, Toyota U Trust (supported by Quotation) discount of 0.25% is given on the applicable rates.
Pre-approved Personal Loan
Pre-approved Personal Loan to Pensioners, Salaried & Regular Income customers 12.40%
PAPL to Self-employed Customers 13.00% to 15.00%
Pre-approved Personal Loan to Home Loan customers 11.00%
Clean Loan
Non-Priority Term Loan for GMRA Premium 10.00% to 10.15%
IB Saral 10.60%
IB Professional 10.25%-10.50%
IB Insta Cash 10.25%
Salary Loan & IBCLS Plus
Clean Loan to Salaried Class – Term Loan 10.90% to 11.40%
Clean Loan to Salaried Class – Overdraft 11.90% to 12.40%
Pension Loan
Pension Loan 11.15% to 11.40%
Jewel Loan
Jewel Loan (Non-Priority) 8.65% to 9.00%
OD against Gold Jewels 9.90% to 10.40%
Other Retail Loans
Sovereign Gold Bond 9.05% to 9.90%
Loan / Overdraft against NSC/KVP/LIC Policy/RBI Relief Bonds 10.00%
Term Loan/Overdraft against own deposits 1% over deposit rates
Loan against Third party INR deposit 10.80%
Loan to depositor against own FCNRB Deposit 10.30%
Loan against third party FCNRB Deposit 10.80%

( Last modified on Feb 07, 2024 at 12:02:39 PM )

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