{"id":458,"date":"2018-02-24T10:25:44","date_gmt":"2018-02-24T04:55:44","guid":{"rendered":"http:\/\/www.theteamwork.com\/finance\/?p=458"},"modified":"2018-02-24T21:06:19","modified_gmt":"2018-02-24T15:36:19","slug":"900558-indian-bank-current-personal-loan-interest-rates","status":"publish","type":"post","link":"https:\/\/www.theteamwork.com\/finance\/900558-indian-bank-current-personal-loan-interest-rates.html","title":{"rendered":"Indian Bank – Current Personal Loan Interest Rates"},"content":{"rendered":"

Indian Bank – Current Personal Loans Interest Rates<\/strong><\/p>\n

New Delhi (Delhi, India), February 24, 2018<\/p>\n

Indian Bank Cuts Personal Loan Interest Rate to 9.55% Per Annum<\/strong><\/p>\n

The Indian Bank has decreased its personal loan interest rates by 0.10 percent, or 10 basis points with effect from Monday, February 12, 2018.<\/p>\n

Indian Bank has revised its personal loan minimum interest rate from 9.65 percent to 9.55 percent per annum (MCLR-1Year + 1.30%) for Indian Bank personal loan applicants.<\/p>\n

The personal loan interest rate of Indian Bank is benchmarked or linked to its One-Year MCLR (Marginal Cost of Funds based Lending Rate). Indian Bank’s current One-Year MCLR, which is called MCLR-1Y, is 8.25 percent per annum with effect from Monday, February 12, 2018.<\/p>\n

Indian Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail Indian Bank personal loans.<\/p>\n

Indian Bank – Current Personal Loan Interest Rates for the New Loans<\/strong><\/p>\n

Indian Bank Personal Loan Interest Rate:<\/strong> 9.55% to 13.85% Per Annum (MCLR-1Year + 1.30% to MCLR-1Year + 5.60%)<\/p>\n

Indian Bank Personal Loans Rate of Interest is Floating or Fixed:<\/strong> Floating Rate of Interest<\/p>\n

Indian Bank Personal Loan Processing Fee and Documentation Charges:<\/strong> 0.51% to 1.00% of the Personal Loan Amount plus GST<\/p>\n

Indian Bank Personal Loan Minimum Borrowing Amount:<\/strong> Minimum Personal Loan Amount is Rs. 50,000<\/p>\n

Indian Bank Personal Loan Maximum Borrowing Amount:<\/strong> Maximum Personal Loan Amount is Rs. 6,00,000<\/p>\n

Minimum Tenure for the Indian Bank Personal Loans:<\/strong> Minimum Personal Loan Tenure is 12 Months<\/p>\n

Maximum Tenure for the Indian Bank Personal Loans:<\/strong> Maximum Personal Loan Tenure is 36 Months<\/p>\n

Minimum Net Income Requirement for Availing Indian Bank Personal Loans:<\/strong> Minimum Net Income Required is Rs. 12,000 Per Month<\/p>\n

Minimum Age Limit for Getting the Indian Bank Personal Loan Sanctioned:<\/strong> Minimum Age 21 Years at the Time of Personal Loan Commencement<\/p>\n

Maximum Age Limit for Getting the Indian Bank Personal Loan Sanctioned:<\/strong> Maximum Age 58 Years for Salaried Applicants and 60 Years for Self-Employed Applicants at the Time of Personal Loan Maturity<\/p>\n

Indian Bank Personal Loan Pre Closure Charges or Prepayment Penalty:<\/strong> Nil Charges or Penalty<\/p>\n

Charges for Indian Bank Personal Loan EMI Late Payment:<\/strong> Minimum 2% Per Month of the Indian Bank Personal Loan EMI Outstanding Amount plus GST<\/p>\n

Indian Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges:<\/strong> Rs. 500 plus GST<\/p>\n

Different Options for Making Indian Bank Personal Loan EMI Payments:<\/strong> The three options for making Loan EMI payments are Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)<\/p>\n

Guarantor Requirement for the Indian Bank Personal Loan:<\/strong> No Guarantor is Required<\/p>\n

Indian Bank – Deposits and Loans Interest Rates<\/strong><\/a>
\nCurrent Deposits and Loans Interest Rates of Indian Bank<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian Bank has decreased its personal loan interest rates by 0.10%, or 10 basis points with effect from Monday, February 12, 2018. This interest rate cut will reduce the cost of funds for those people who want to avail Indian Bank personal loans.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[47,255,259,261,58],"class_list":["post-458","post","type-post","status-publish","format-standard","hentry","category-banking","tag-current-interest-rates","tag-indian-bank","tag-indian-bank-interest-rates","tag-indian-bank-personal-loan","tag-personal-loan-interest-rates"],"_links":{"self":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/458","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/comments?post=458"}],"version-history":[{"count":0,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/posts\/458\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/media?parent=458"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/categories?post=458"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.theteamwork.com\/finance\/wp-json\/wp\/v2\/tags?post=458"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}