Indian Bank Personal Loan Interest Rates

Highlights

  • Indian Bank Personal Loan Rates stand at 9.20% - 13.65% per annum
  • Read this post to know the benefits of having such low rates

Still confused where to apply for a personal loan? Then compare the bank interest rates. You can find that Indian Bank provides you the lowest rate of interest for the loan. Yes, you can have the interest rate of 9.20% - 13.65% per annum when there is a check-off facility and the undertaking of the employer is present. A low interest rate translates into a lower EMI, so if you are worried about the management of the loan, it can be eased out with the Indian Bank personal loan interest rates. Go through the page and know how

Apply Personal Loan @ 10.75%* Rate

Interest Rate Comparison Tool

All that glitters is not gold; the same goes for loans! Have you done your research?

Compare Banks. Estimate EMIs. Enable Wishes on wishfin.com

Indian Bank Personal Loan Interest Rates September 2020

To get to know more about personal loan interest rates just see the table below.

ParticularsDetails
Interest Rates9.20% - 13.65%
Loan Amount20 Times Monthly Income
TenureUpto 84 months
Processing Fees0.51% of the loan amount, subject to a minimum of INR 512
Prepayment ChargesNil

Indian Bank Personal Loan Balance Transfer

If you are paying the personal loan EMI somewhere but at a higher interest rate, think of switching the loan portfolio to Indian Bank and enjoy the benefits of lower EMI and reduced interest outgo.

Example: If you have a loan of INR 6,00,000 at an interest rate of 13.70% for 60 months. It’s been 2 years since you have been paying the loan EMI. In case you get the balance transfer facility at 10%, how much can you save on this deal? Let’s find out.

ParticularsDetails
Loan in BeginningINR 6,00,000
Interest Rate13.70%
Tenure5 Years
EMI @13.70%INR 13,868
Estimated Interest Outgo @13.70%INR 2,32,068
Interest Paid Till 2-yearsINR 1,40,320
Outstanding Balance at the End of 2nd YearINR 4,07,491
EMI @10.00% for the Remaining 3 YearsINR 13,149
Interest @10.00% Over 3 YearsINR 65,858
Interest Paid Till Now + Interest Payable Over the Next 3 yearsINR 2,06,178
Estimated Savings in Terms of EMIINR 719
Estimated Savings in Terms of Interest PaymentINR 25,890 (2,32,068 - 2,06,178)

People Also Look For

  • Free CIBIL Score Buy 24K 99.9% Pure Digital Gold Online
  • Personal Loan Interest Rates September 2020
    Fullerton India14.00% - 33.00%
    HDFC Bank10.75% - 21.45%
    ICICI Bank10.75% - 18.49%
    IndusInd Bank11.25%
    Kotak Bank10.99% - 20.99%
    RBL17.50% - 24.00%
    Standard Chartered Bank11.00% - 15.00%
    Tata Capital10.99% - 18.00%