A cosmic experience of more than 108 years in banking and serving the entire nation with a team of over 20222 dedicated staff.
Hassle free and transparent processing system in place to convey the utmost trust and transparency in its product.
A bank with 100% core banking system in place, Indian Bank believes in harnessing ICT (Information and Communication Technology) for any financial requirement should be met well just in time.
Indian Bank Clean Loan
Personal loans from IB is available to permanent salaried employees with minimum service/ experience of three years with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc.
The compass of IB Clean Loan covers the requirements ranging from meeting Marriage/Educational and medical expenses, to celebrate family functions and for other household expenses.
The processing fee is charged @ 0.508% on the loan amount with a min of Rs 508/-.
The tenure for IB personal loan repayment is for a maximum of 36 EMIs.
The IB personal loan amount could be up to a maximum five times the gross salary (maximum of Rs.50000/-) for account holders whose salary is credited in the branch account or7 times of gross salary (maximum Rs.1 lakh) with employer sponsorship with undertaking letter from the employer to recover EMI from salary and remit to Bank.
The final IB personal loan amount, however, is derived on the basis of repayment capacity of the applicants. Repayment is a statistical figure computed basis age, income, liability, asset and current financial commitment of the applicant.
Security required in the IB clean loan is acceptable as ;
Authorization to debit SB account
Third party guarantee and/or marketable collateral securityPost-dated cheques
Home Extension Loan is useful when you want to add more space to your existing home. We make it easy for you to extend your existing residential property as per your requirements. You often renovate your home to suit your changing needs. This loan can be used to carry out repairs / improvements within your existing owned residential properties.
Personal loans are taken primarily for fulfilling your personal aspirations such as vacation, a perfect wedding, home renovation or a much desired gadget. In addition to being relatively easy to apply for, personal loans are unsecured loans which means that you don't need any collateral to take this loan. They are one of the simplest form of loans with customer-friendly repayment terms.
A sudden requirement of funds is an unavoidable circumstance of business or personal life. Whether a personal necessity (hospitalization, child's marriage) or a professional one (expanding business operations on a priority basis), every person requires immediate financial backing at key moments.
In this context, it is pertinent to consider an invaluable alternative source of finance known as Loan Against Property (LAP). This is a loan borrowed by placing one's owned property as collateral. The funding may be given by financial institutions after scrutinizing the validity of the said property and its current market value.
Running a business is not easy. You have to constantly think of ways and means to keep it going and growing. As a part of the growth plan, you require financing for expanding operations or to buy new equipment or inventory or simply increase the working capital. To help you with your financing needs we offer Business Loans that will help your business grow.
LaonMoney is an Authorized Direct Selling Agents of various National, Multinational and Non Banking Financial Companies for promoting their sales for asset division. Feel free to contact us at firstname.lastname@example.org or +91-8130 222 111 for Transparent and Fastest Processing of Loan.
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