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Interest Rates on Personal Segment Loan Products

Interest Rates on Personal Segment Loan Products

Home Loan (Repo Linked)
Product Name CIBIL Score ROI
IB Home Loan Premium 800 and above 6.90%
From 750 up to 799 7.05%
Home Loan – Floating (including NRI) Above 750 7.20%
701-750 7.25%
Upto 700 7.40%
Plot Loan (including NRI) Above 750 8.20%
701-750 8.25%
Upto 700 8.40%
Home Improve,
Home Loan-CRE (including NRI)
Above 750 7.70%
701-750 7.75%
Upto 700 7.90%
IB Home Advantage (Repo Linked)
Classification CIBIL Score ROI
Loan upto Rs.75 lakhs for Salaried Class borrowers Above 800 7.30%
751-800 7.40%
701-750 7.50%
Upto 700 7.55%
Loan above Rs.75 lakhs for Salaried Class borrowers Above 800 7.40%
751-800 7.50%
701-750 7.60%
Upto 700 7.65%
In case of Non-Salaried Class borrowers, additional interest of 0.15% will be charged above applicable interest rate of Salaried Class
Concession of 0.10% on the effective Rate of Interest for women borrowers (applicable to both Salaried and Non-Salaried)
In case of Overdraft under IB Home Advantage, 1% above the applicable term loan interest will be charged
IB Home Loan Plus (Repo Linked)
Classification CIBIL Score REPO
Loan upto Rs.75 lakhs for Salaried Class borrowers Above 800 7.80%
751-800 7.90%
701-750 8.25%
700 8.30%
Loan above Rs.75 lakhs for Salaried Class borrowers Above 800 7.90%
751-800 8.00%
701-750 8.35%
700 8.40%
In case of Non-Salaried Class borrowers, additional interest of 0.15% will be charged above applicable interest rate of Salaried Class
Concession of 0.10% on the effective Rate of Interest for women borrowers (applicable to both Salaried and Non-Salaried)
Home Loan to Corporate Entity (MCLR Linked)
Rating as per Bank’s RAM Model ROI
AAA / AA+ / AA 7.30%
A 7.80%
BBB 8.80%
Other Products (Repo Linked)
Product Name Classification ROI
IB Home Enrich General 7.95%
Women – Salaried with Check-off facility 7.40%
Women – Non-Salaried 7.65%
Ind Mortgage General 11.05%
Women 10.90%
IB Rent Encash General 10.80%
Women 10.65%
Non-Priority Term Loan for GMRA Premium General 8.15%
Women 8.00%
Note: In case of Overdraft under Ind Mortgage Scheme, 1% additional interest over and above the respective Term Loan Product
Loan against Rental Receivables (Repo Linked)
Product Name Rating as per RAM Model ROI
IB Rental (CRE) AAA 9.50%
AA+ 9.75%
AA 10.25%
A 10.75%
BBB 11.25%
BB and below / Unrated accounts 13.50%
IB Rental (Non-CRE) AAA 8.50%
AA+ 8.75%
AA 9.10%
A 9.75%
BBB 10.25%
BB and below / Unrated accounts 13.10%
Concession of 0.15% on the applicable rate of interest for women borrowers
Education Loan (Repo Linked)
Product Name Classification ROI
Premier Institutes* (For studies in India only) Without Credit Guarantee cover 7.20%
With Credit Guarantee cover 7.70%
Prime Plus Institutes (For studies in India and Abroad) * Without Credit Guarantee cover 7.40%
With Credit Guarantee cover 7.90%
Others (For studies in India and Abroad) ** Without Credit Guarantee cover 9.40%
With Credit Guarantee cover 9.20%
Others (For wards of staff only) (For studies in India and Abroad) Without Credit Guarantee cover 7.65%
With Credit Guarantee cover 7.70%
Executive Management Program/Executive MBA Premier Institutes 7.20%
Prime Plus Institutes 7.40%
Education Loan under PM Cares for Children Scheme 7.20%
* Premier Plus Education Loan: Further concession of 0.30% for loans to pursue studies in Premier Institutes, if the same is covered with 100% collateral security
** 0.50% concession for girl students
Vehicle Loan for Purchase of New Car including Eco Vahan (Repo Linked)
CIBIL Score ROI
Above 750 7.30%
701- 750 7.40%
Upto 700 7.50%
For financing used car, Rate of interest to be 0.50% more than ROI applicable on financing new 4 wheelers under various categories. However, for vehicles purchased from certified pre owned cars from authorized dealers of Maruti True Value, Mahendra First Choice, Hyundai Promise, Toyota U Trust (supported by Quotation) discount of 0.25% is given on the applicable rates.
Vehicle Loan for Purchase of 2 Wheeler (Repo Linked)
Category of Borrower CIBIL Score ROI
Salaried (Central Govt., / State Govt. / PSUs / other companies rated A and above ) / Pensioners wherever salary / pension is credited in our Bank

Our Existing Home Loan Borrowers and other borrowers with 100% collateral security in existing loan A/c. Before release of security in the existing loan, IB-TWL needs to be closed.

800 & above 8.15%
750-799 8.40%
700-749 8.65%
SEP/SE NP– whose SB/CA is maintained with us and / Business – Professionals whose CA/SB and other credit facilities are maintained with us. 800 & above 8.90%
750-799 9.15%
700-749 9.40%
Others 800 & above 9.15%
750-799 9.40%
700-749 9.65%
Loan for Purchase of “Van / Minibus / Bus / Ambulance” to Institutions / Firms / PSU / Company / Hospitals (Repo Linked)
Tenor ROI
Upto 60 Months 8.00%
61 to 72 Months 8.20%
73 to 84 Months 8.65%
Pre-approved Personal Loan (Repo Linked) 10.40%
Pension Loan (Repo Linked)
Classification ROI
Repayment upto 60 months 9.15%
Repayment from 61 months to 120 months 9.40%
Clean Loan to Salaried Class (Repo Linked)
Product Name Classification ROI
For employees of Government organizations / PSUs & Central / State Government and for Salaried individuals of reputed Private Sector / other reputed organizations approved by respective Zonal Office Where Salary is credited and Check-off facility & undertaking by the employer is available 8.90%
Where salary is credited with our Bank but Check-off facility & undertaking by the employer is not available 9.40%
For Housing Loan Borrowers Where salary is credited with our Bank 8.90%
Note: For OD facilities – 1% additional interest shall be charged from above interest rates
Loan against Sovereign Gold Bond
Product Name Classification ROI (Fixed)
Limit up to Rs.5 lakhs LTV: Up to 60% 9.05%
LTV: Abv 60% and up to 70% 9.30%
LTV: Abv 70% and up to 75% 9.40%
Limit above Rs.5 lakhs LTV: Up to 60% 9.55%
LTV: Abv 60% and up to 70% 9.80%
LTV: Abv 70% and up to 75% 9.90%
Jewel Loan (Non-Priority)
Product Name ROI (Fixed)
Short Term – upto 35 months (EMI) 7.35%
Bullet Payment upto 12 months 7.35%
Senior Citizens upto 35 months (EMI) 7.35%
OD against Gold Jewels (Repo Linked)
Classification ROI
General Public 8.40%
Women 7.90%
COVID Warriors 7.90%
Loan against Deposits
Product Name Classification ROI (Fixed)
Against INR Deposit Loan against Third party deposit 10.80%
Against FCNRB Deposit Loan to depositor against own FCNRB Deposit 10.30%
Loan against Third party FCNRB Deposit 10.80%
Loan against Own Deposit (INR) – Both Term Loan & Overdraft: 1% over the Respective Deposit Rate
Loan / Overdraft against NSC/KVP/LIC Policy/RBI Relief Bonds: 10.95% (Fixed)
Reverse Mortgage Loan 9.40% (Fixed)

( Last modified on May 11, 2022 at 02:05:29 PM )

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