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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
Home Loan – Floating (including HL-NRI & IB Home Advantage) Above 750 6.80%
701-750 6.85%
Upto 700 7.00%
Plot Loan Above 750 7.80%
701-750 7.95%
Upto 700 8.00%
Home Loan Plus(TL), Home Improve, Home Loan-CRE(including HL-NRI & IB Home Advantage) Above 750 7.30%
701-750 7.35%
Upto 700 7.50%
Ind Awas NA 6.85%

Note –

IB Home Advantage ROI at par with existing IBHL guidelines and in respect of OD portion it is 1% more than the applicable ROI

In case LTV is above 80% and upto 90% for loans upto Rs.30.00 Lakh, additional interest of 0.20% will be charged.

In case of Home Loan Plus OD facility, rate of interest will be 1.00 % above applicable Home Loan rate.

Other Loan Products (Repo Linked)

Product Name Classification ROI
IB Home Enrich General 7.55%
Women – Salaried with Check-off facility 7.00%
Women – Non-Salaried 7.25%
Ind Mortgage General 10.65%
Women 10.50%
IB Rent Encash General 10.40%
Women 10.25%
Non-Priority Term Loan for GMRA Premium General 7.75%
Women 7.60%

Loan against Rental Receivables (Repo Linked)

Product Name Rating as per RAM Model ROI for Women ROI for General Public
IB Rental (CRE) AAA 8.95% 9.10%
AA+ 9.20% 9.35%
AA 9.70% 9.85%
A 10.20% 10.35%
BBB 10.70% 10.85%
BB and below / Unrated accounts 12.95% 13.10%
IB Rental

(Non-CRE)

AAA 7.95% 8.10%
AA+ 8.20% 8.35%
AA 8.55% 8.70%
A 9.20% 9.35%
BBB 9.70% 9.85%
BB and below / Unrated accounts 12.55% 12.70%

 

Education Loan (Repo Linked)

Product Name Classification ROI
Where NO Credit Guarantee Coverage is available (0.50% interest concession is available for girl students) 10.05%
Prime Scheme – Education Loan to premier Institutions (No interest concession is available for girl students) List A as per IB Education Loan Prime Scheme 7.15%
List B as per IB Education Loan Prime Scheme 7.75%
List C as per IB Education Loan Prime Scheme 8.15%

 

Education Loan (MCLR Linked)

Scheme ROI
Where Credit guarantee cover (CGFSEL) is available. (No further interest concession is available for girl students) 9.30%
Where NO Credit Guarantee Coverage is available (0.50% interest concession is available for girl students) 10.30%
IB- Skill Loan (No further interest concession is available for girl students) 8.80%

 

Vehicle Loan (Repo Linked)

Scheme Product Name CIBIL Score ROI
IB Vehicle Loan New Car Above 750 6.90%
701- 750 7.00%
IB ECO VAHAN 4 Wheeler -Salary-Professional,  Business Class
Upto 700 7.10%

Pension Loan (Repo Linked)

Product Name Classification ROI for Women ROI for General Public
IB Pension Loan Repayment of 12 months 10.60% 10.75%
Repayment above 12 months upto 36 months 11.35% 11.50%
Repayment above 36 months upto 120 months 11.60% 11.75%

 

Clean Loan to Salaried Class (Repo Linked)

Product Name Classification ROI for Women ROI for General Public
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 (tenor upto 60 months) Where Check-off facility & undertaking by the employer is available 9.05% 9.20%
Where Check-off facility & undertaking by the employer is not available, but salary is credited with our Bank. 9.65% 9.80%
For Housing Loan Borrowers (Salaried Class) Where salary is credited with our Bank 9.05% 9.20%
For tenor of more than 60 months upto 84 months 13.50% 13.65%

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 Classification ROI (Fixed)
Short Term – upto 35 months (EMI) Upto Rs.5 lakhs 8.00%
Above Rs.5 lakhs 8.00%
Bullet Payment upto 12 months Upto Rs.10 lakhs 8.00%
Senior Citizens upto 35 months (EMI) Upto Rs.5 lakhs 8.00%

 

OD against Gold Jewels (Repo Linked)

Classification ROI (Fixed)
General Public 8.00%
Women 7.50%
COVID Warriors 7.50%

 

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): 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)

 

IND COVID Emergency Loan

Product Name ROI (Fixed)
IND COVID-Emergency Salary Loan (IBCESL) 9.50%
IND COVID-Emergency Pension Loan (IBCEPL) 8.75%

( Last modified on Oct 12, 2021 at 02:10:18 PM )

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