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Personal, home, vehicle & other loans

IB Home Improve

Home-improvement finance for household furniture, appliances, interiors, solar and related work, sized at up to 36 times gross monthly income and capped at ₹3 crore.

Interest rate8.15%–9.55% p.a. floating for IB Home Improve in Indian Bank's current personal-segment rate table dated 14 August 2026.Maximum amountUp to 36 times gross monthly income, subject to a maximum of ₹3 crore (₹300 lakh). Spouse or adult-child income may be included where the page's conditions are met.Repayment tenureMaximum 120 months with no holiday period.
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Quick eligibility check

IB Home Improve

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: No separate rupee minimum is published?

Published source: Minimum income

2Do you meet this requirement: Take-home-pay eligibility is stated to be the same as the applicable Indian Bank Home Loan scheme?

Published source: Minimum income

3Are you this type of customer: Existing resident or non-resident Indian Bank Home Loan borrowers, including staff, and prospective Home Loan borrowers who are salaried, professional or business class?

Published source: Eligibility

4Do you meet this requirement: Take-home-pay rules follow the applicable Home Loan scheme?

Published source: Eligibility

5Can you provide this required proof: Documents required under the Indian Bank Home Loan or NRI Home Loan product, plus a quotation for the articles or work to be purchased?

Published source: Required documents

6Document checkDo you have at least one of these required documents: Home-loan or NRI home-loan documents and KYC/income records?

Published source: Required documents

7Document checkDo you have at least one of these required documents: Quotation for the articles or work to be financed?

Published source: Required documents

8Document checkDo you have this required document or proof: Security and insurance documents for the property and household articles?

Published source: Required documents
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India; resident and home-loan conditions apply

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeSecured home-improvement loan for household articles, interiors, appliances, solar systems and related residential improvements.View source
The purpose list covers furniture, appliances, interiors, solar and related home-improvement works.
Source
IB Home Improve — Indian Bank
Page / section
Title; Purpose of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate8.15%–9.55% p.a. floating for IB Home Improve in Indian Bank's current personal-segment rate table dated 14 August 2026.View source
The current floating-rate table lists IB Home Improve at 8.15% to 9.55% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
IB Home Improve
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe IB Home Improve row is labelled floating but the current official table does not identify a named benchmark or spread.View source
The official row publishes the floating range without a named benchmark.
Source
Indian Bank IB Home Improve rate review
Page / section
IB Home Improve rate row
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the IB Home Improve page or current floating-rate table.View source
The reviewed sources publish the interest rate but no calculation.
Source
Indian Bank IB Home Improve review
Page / section
Interest Rate; complete Loan Criteria table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo separate rupee minimum is published. Take-home-pay eligibility is stated to be the same as the applicable Indian Bank Home Loan scheme.View source
The page says take-home pay is as applicable to Home Loan rather than publishing a separate income floor.
Source
IB Home Improve — Indian Bank
Page / section
Take Home pay
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountUp to 36 times gross monthly income, subject to a maximum of ₹3 crore (₹300 lakh). Spouse or adult-child income may be included where the page's conditions are met.View source
The quantum row publishes 36 times gross monthly income and the ₹300-lakh cap.
Source
IB Home Improve — Indian Bank
Page / section
Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureMaximum 120 months with no holiday period.View source
The repayment row states no holiday and maximum 120 months.
Source
IB Home Improve — Indian Bank
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee1% of the loan amount, minimum ₹5,000 and maximum ₹15,000 under the current Indian Bank personal-segment processing-fee schedule; GST is recovered separately.View source
The current schedule lists 1% with ₹5,000 minimum and ₹15,000 maximum for IB Home Improve/Home Enrich/repair routes.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Home Improve
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureNil prepayment charges.View source
The official Loan Criteria table states NIL under prepayment charges.
Source
IB Home Improve — Indian Bank
Page / section
Prepayment charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityExisting resident or non-resident Indian Bank Home Loan borrowers, including staff, and prospective Home Loan borrowers who are salaried, professional or business class. Take-home-pay rules follow the applicable Home Loan scheme.View source
The eligibility row lists existing resident/ borrowers, staff and prospective salaried/professional/business borrowers.
Source
IB Home Improve — Indian Bank
Page / section
Eligibility; Take Home pay
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsDocuments required under the Indian Bank Home Loan or NRI Home Loan product, plus a quotation for the articles or work to be purchased; security and insurance records are also required as applicable.View source
The page refers applicants to Home Loan/ Home Loan documents and additionally requires a quotation for the articles.
Source
IB Home Improve — Indian Bank
Page / section
Documents to be submitted for processing the application
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsExisting resident or non-resident Indian Bank Home Loan borrowers, including staff, and prospective Home Loan borrowers who are salaried, professional or business class. Take-home-pay rules follow the applicable Home Loan scheme.View source
The manually reviewed product record states: “Existing resident or non-resident Indian Bank Home Loan borrowers, including staff, and prospective Home Loan borrowers who are salaried, professional or business class. Take-home-pay rules follow the applicable Home Loan scheme.”.
Source
IB Home Improve — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Quantum up to 36 times gross monthly income, maximum ₹3 crore
  • Spouse or adult-child income can be included where the page's conditions are met
  • 15% margin on the cost of articles purchased
  • Maximum 120-month repayment with no holiday period
  • Nil prepayment charge

Eligibility

  • Existing home-loan borrowers and prospective salaried, professional or business-class home-loan borrowers can apply; spouse income may be included for the eligible amount.
  • Take-home-pay rules are the same as the applicable Indian Bank Home Loan scheme.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Home-loan or home-loan documents and /income records
  • Quotation for the articles or work to be financed
  • Security and insurance documents for the property and household articles

Related official documents

IB Home Improve — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗
Processing Fee on Personal Segment Loan Products — Indian Bankofficial-fee-schedule · current · accessed 31 Aug 2026
↗
Interest Rates on Personal Segment Loan Products: Floating — Indian Bankofficial-rate-table · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Eligibility · Published detailExisting resident/ Home Loan borrowers, staff and prospective salaried, professional or business-class Home Loan borrowers.

This value is copied from IB Home Improve — published terms. Check the table notes before relying on it.

Source: IB Home Improve — Indian Bank · Complete Loan Criteria table and current rate/fee schedules Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsIB Home Improve — published termsCurrent Indian Bank home-improvement eligibility, purpose, quantum, margin, rate, repayment, security, insurance and charges.View tableHide table

Scroll sideways to view every column

IB Home Improve — published terms
ParameterPublished detail
EligibilityExisting resident/ Home Loan borrowers, staff and prospective salaried, professional or business-class Home Loan borrowers.
PurposeFurniture, kitchen racks/cupboards, appliances, computers, interiors, AC, chimney, modular kitchen, piped gas, borewell, solar system and rooftop solar PV home-lighting system.
Quantum36× gross monthly income, maximum ₹3 crore; spouse/adult-child income may be included under the stated conditions.
Take-home payAs applicable to the Indian Bank Home Loan scheme.
Margin15% of the cost of articles purchased.
Rate8.15%–9.55% p.a. floating in the current Indian Bank rate table.
RepaymentNo holiday period; maximum 120 months.
Processing fee1%, minimum ₹5,000 and maximum ₹15,000; extra.
PrepaymentNil.
Security / insuranceExtension or registration of equitable mortgage; CERSAI at applicant cost. Household articles and property insured at borrower cost against stated normal risks.
DocumentsHome Loan/ Home Loan documents plus quotation for articles to be purchased.
IB Home Improve — Indian Bank · Complete Loan Criteria table and current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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