Indian Bank (loans): verified facts and rating
Licensed since: 1907 Checked 2026-10-31
Score breakdown
92% backed by facts · How we rank
Indian Bank (loans) against the market
The dot is the company, the line is the median of all companies in this ranking.
Published rate, % of country reference99%110%99% · median 100%
Maximum amount, % of country reference30%200%100% · median 100%
Longest term60 mo84 mo84 mo · median 84 mo
Indian Bank (loans) strengths and weaknesses
Pros
- Long licence history
- Licence confirmed by the official list or a stated licence number
- Fees or full loan terms are readable without login
- Publishes how to complain
Cons
- An arrangement fee can apply
All facts
| Fact | Value | Source | Checked |
|---|---|---|---|
| Licensed since | 1907 1907 Bank was incorporated on March 5,1907 with an Authorized Capital of Rs 20 lakhs and commenced its business on August 15, 1907. (год основания) | indianbank.bank.in | 2026-10-31 |
| Licensed by the regulator | Yes List of Scheduled Commercial Banks (SCBs) · SBI & Nationalised Banks · 7. Indian Bank | rbi.org.in | 2026-10-31 |
| Published rate, % of country reference | 99% Salary Loan & IBCLS Plus: Clean Loan to Salaried Class – Term Loan 9.90% to 10.40% · APR 9.90% · index 100 = 9.995% (median at launch) | indianbank.bank.in | 2026-10-31 |
| Free early repayment | Not verified | — | |
| No arrangement fee | No Clean Salary Loan: For Govt/PSU Employees: Nil; For others: 1.00% on the Loan amount; Maximum : Rs.10000.00 | indianbank.bank.in | 2026-10-31 |
| Fees or terms published | Yes Processing Fee on Personal Segment Loan Products: Retail Loan Products – Processing Fee (Clean Salary Loan, IB Pension Loan Scheme ...) | indianbank.bank.in | 2026-10-31 |
| Complaints procedure | Yes Submit Online Complaints; Lodge a Complaint; Nodal Officers- Customer service; Customer Complaints Lodgement | indianbank.bank.in | 2026-10-31 |
| Online application for new customers | Yes 7. Can I apply for an Indian Bank Personal Loan online? Yes. You can apply online through the Indian Bank website or visit your nearest branch for assistance. | indianbank.bank.in | 2026-10-31 |
| Support hours a week | Not verified | — | |
| Maximum amount, % of country reference | 100% Term Loan: Maximum of 20 times of the monthly GROSS salary; Maximum limit is capped at Rs.50.00 lakhs (Term Loan and Overdraft together) · max 5000000 INR · index 100 = 5000000 INR (median at launch) | indianbank.bank.in | 2026-10-31 |
| Longest term | 84 mo Repayment tenor: Max 84 months | indianbank.bank.in | 2026-10-31 |
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