Interest Rates on Personal Segment Loan Products

Interest Rates on Personal Segment Loan Products

Home Loan (Repo Linked)
Product Name CIBIL Score ROI (Floating)
IB Home Loan Premium 800 and above 8.40%
From 750 up to 799 8.55%
Home Loan – Floating (including NRI) Above 750 8.70%
701-750 8.75%
Upto 700 8.90%
Plot Loan (including NRI) Above 750 9.70%
701-750 9.75%
Upto 700 9.90%
Home Improve,
Home Loan-CRE (including NRI)
Above 750 9.20%
701-750 9.25%
Upto 700 9.40%
IB Home Advantage (Repo Linked)
Classification CIBIL Score ROI (Floating)
Loan upto Rs.75 lakhs for Salaried Class borrowers Above 800 8.80%
751-800 8.90%
701-750 9.00%
Upto 700 9.05%
Loan above Rs.75 lakhs for Salaried Class borrowers Above 800 8.90%
751-800 9.00%
701-750 9.10%
Upto 700 9.15%
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 ROI (Floating)
Loan upto Rs.75 lakhs for Salaried Class borrowers Above 800 9.30%
751-800 9.40%
701-750 9.75%
700 9.80%
Loan above Rs.75 lakhs for Salaried Class borrowers Above 800 9.40%
751-800 9.50%
701-750 9.85%
700 9.90%
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 (Floating)
AAA / AA+ / AA 7.85%
A 8.35%
BBB 9.35%
Other Products (Repo Linked)
Product Name Classification ROI (Floating)
IB Home Enrich General 9.45%
Women – Salaried with Check-off facility 8.90%
Women – Non-Salaried 9.15%
Ind Mortgage General 12.55%
Women 12.40%
IB Rent Encash General 12.30%
Women 12.15%
Non-Priority Term Loan for GMRA Premium General 9.65%
Women 9.50%
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 (Floating)
IB Rental (CRE) AAA 11.00%
AA+ 11.25%
AA 11.75%
A 12.25%
BBB 12.75%
BB and below / Unrated accounts 15.00%
IB Rental (Non-CRE) AAA 10.00%
AA+ 10.25%
AA 10.60%
A 11.25%
BBB 11.75%
BB and below / Unrated accounts 14.60%
Concession of 0.15% on the applicable rate of interest for women borrowers
Education Loan (Repo Linked)
Product Name Classification ROI (Floating)
Premier Institutes* (For studies in India only) Without Credit Guarantee cover 8.70%
With Credit Guarantee cover 9.20%
Prime Plus Institutes (For studies in India and Abroad) * Without Credit Guarantee cover 8.90%
With Credit Guarantee cover 9.40%
Others (For studies in India and Abroad) ** Without Credit Guarantee cover 10.90%
With Credit Guarantee cover 10.70%
Others (For wards of staff only) (For studies in India and Abroad) Without Credit Guarantee cover 9.15%
With Credit Guarantee cover 9.20%
Executive Management Program/Executive MBA Premier Institutes 8.70%
Prime Plus Institutes 8.90%
Education Loan under PM Cares for Children Scheme 8.70%
* 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 (Repo Linked)
CIBIL Score ROI (Floating)
Above 750 8.80%
701- 750 8.90%
Upto 700 9.00%
-1 11.90%
Vehicle Loan for Purchase of New e-Vehicle Car (Repo Linked)
CIBIL Score ROI (Floating)
Above 750 8.75%
701- 750 8.85%
Upto 700 8.95%
-1 11.85%
Vehicle Loan for Purchase of Used Car (Repo Linked)
CIBIL Score ROI (Floating)
Above 750 10.30%
701- 750 10.40%
Upto 700 10.50%
-1
If customer is Employee of Central Govt./ State Govt./ PSUs /Banks (Or) Salaried class customers with Gross Annual Income of Rs.18.00 Lakhs & above as per latest IT return.
10.30%
-1
Other than above mentioned category of borrowers
12.40%
Note: For vehicles purchased from certified pre owned cars like Authorized Dealer of Maruti True Value, Mahindra 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 (Floating)
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 9.65%
750-799 9.90%
700-749 10.15%
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 10.40%
750-799 10.65%
700-749 10.90%
Others 800 & above 10.65%
750-799 10.90%
700-749 11.15%
Loan for Purchase of “Van / Minibus / Bus / Ambulance” to Institutions / Firms / PSU / Company / Hospitals (Repo Linked)
Tenor ROI (Floating)
Upto 60 Months 9.50%
61 to 72 Months 9.70%
73 to 84 Months 10.15%
Pre-approved Personal Loan (Repo Linked) 11.90%
Pension Loan (Repo Linked)
Classification ROI (Floating)
Repayment upto 60 months 10.65%
Repayment from 61 months to 120 months 10.90%
Clean Loan to Salaried Class (Repo Linked)
Product Name Classification ROI (Floating)
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 10.40%
Where salary is credited with our Bank but Check-off facility & undertaking by the employer is not available 10.90%
For Housing Loan Borrowers Where salary is credited with our Bank 10.40%
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%
Non-Priority Jewel Loan (Repo Linked)
Product Name ROI (Floating)
Short Term – upto 35 months (EMI) 9.25%
Bullet Payment upto 12 months 8.75%
Senior Citizens upto 35 months (EMI) 9.25%
OD against Gold Jewels (Repo Linked)
Classification ROI (Floating)
General Public 9.90%
Women 9.40%
COVID Warriors 9.40%
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%

( Last modified on Oct 03, 2022 at 03:10:16 PM )

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