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Old 20th November 2015, 03:23 PM
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Default Indian Bank Rate Of Interest for Personal Loan

Hi sir I want to know about the rate if interest of the Indian bank for the persoan; loan please give me detail for the same ?
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Old 20th November 2015, 04:03 PM
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Join Date: May 2012
Default Re: Indian Bank Rate Of Interest for Personal Loan

Indian Bank is an Indian state-owned financial services company established in 1907 and headquartered in Chennai, India. As you want to known about the Interest rate of personal loan here is the detail of the rate of interest taken against personal loan

It is divided into two category
1) New loan
2) Existing loan

1) New loan costumer
Here is the detail of rate of interest if you are applying for the new loan
If the time period of the loan is 12 months then,
Rate of interest BR+3.00% =12.65%

If loan time period is above 12 months upto 36 months
Rate of interest BR+3.50%+0.25%=13.40%

If loan time period above 36 months upto 60 months
Rate of interest BR+3.50%+0.50%=13.65

2) Existing loan costumers

Interest rates for other Fixed Rate Personal Segment Loan Products for existing
accounts

if the time period of the loan is Upto 36 months
Rate of interest BR + 5.00% + 0.25% = 14.90% Fixed

Above 36 months upto 60 months
Rate of interest BR + 5.00% + 0.50% = 15.15% Fixed

Above 60 months
Rate of interest BR + 5.00% + 0.75% = 15.40% Fixed

For more information contact to nearest branch of Indian bank
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