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Personal, home, vehicle & other loans

IB Home Loan

Indian Bank housing finance for buying, constructing, extending, renovating or taking over an eligible residential property, with repayment up to 30 years including the holiday period.

Interest rate7.15% to 8.55% p.a. floating for IB Home Loan and IB Home Loan (NRI) in Indian Bank's rate table dated 14 August 2026; the applicable rate varies by borrower and lending slab.Maximum amountThe current IB Home Loan page does not state a universal rupee ceiling. Eligible finance is determined from the published income test, property value, margin and repayment-capacity rules.Repayment tenureGeneral home loan maximum 30 years including the holiday period; repairs and renovation maximum 10 years. Commercial-real-estate home loan is up to 30 years for salaried and 25 years for non-salaried applicants.
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Quick eligibility check

IB Home Loan

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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.

1Are you this type of customer: Salaried class, businessmen, professionals/self-employed and pensioners?

Published source: Eligibility

2Does your age meet this requirement: Entry age is 18 years?

Published source: Eligibility

3Does your annual income meet this requirement: salaried applicants must meet the stated employer/service conditions, non-salaried applicants need at least 3 years' business/professional experience, and pensioners need adequate income to service the loan?

Published source: Eligibility

4Does your annual income meet this requirement: If applicants' gross annual income is up to ₹15 lakh, take-home income must be at least 40% of gross annual income?

Published source: Net take-home income test

5Does your annual income meet this requirement: Above ₹15 lakh gross annual income, net take-home pay must be at least ₹50,000 per month?

Published source: Net take-home income test

6Document checkDo you have this required document or proof: Identity and address proof?

Published source: Documents named on page

7Document checkDo you have this required document or proof: Income proof and bank statements?

Published source: Documents named on page

8Document checkDo you have this required document or proof: Admission/property title, approved-plan and valuation documents?

Published source: Documents named on page

9Document checkDo you have this required document or proof: Passport-size photographs?

Published source: Documents named on page
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India; property and branch eligibility follow Indian Bank's current scheme terms

Key facts

What the official sources publish

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

EligibilitySalaried class, businessmen, professionals/self-employed and pensioners. Entry age is 18 years; salaried applicants must meet the stated employer/service conditions, non-salaried applicants need at least 3 years' business/professional experience, and pensioners need adequate income to service the loan.View source
The official page lists the four target groups, 18-year entry age and service/experience rules.
Source
IB Home Loan — Indian Bank
Page / section
Target Group; Entry Age; Employment Service/Business Experience
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Permitted purposesPurchase of a new or resale house/flat; construction on owned land; purchase of a house site with construction; under-construction or semi-finished property; additional construction; repair/renovation; home-loan takeover; and reimbursement of eligible purchase/construction cost.View source
The published purpose list enumerates the eligible residential-property uses.
Source
IB Home Loan — Indian Bank
Page / section
Purpose of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rate7.15% to 8.55% p.a. floating for IB Home Loan and IB Home Loan (NRI) in Indian Bank's rate table dated 14 August 2026; the applicable rate varies by borrower and lending slab.View source
The current floating-rate table lists IB Home Loan and IB Home Loan () at 7.15% to 8.55% p.a.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Home Loan — IB Home Loan, IB Home Loan ()
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe official rate table classifies this as a floating rate but does not name a benchmark (such as RBLR or MCLR) for the product row.View source
The current official row publishes the floating percentage range without identifying a named benchmark.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Home Loan — IB Home Loan, IB Home Loan ()
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published in the current home-loan product page or the linked Indian Bank floating-rate table.View source
The bank publishes an interest-rate range and directs customers to prevailing rates, but no separate figure or calculation is shown.
Source
Indian Bank home-loan rate and product review
Page / section
Home Loan rate row; IB Home Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Net take-home income testIf applicants' gross annual income is up to ₹15 lakh, take-home income must be at least 40% of gross annual income. Above ₹15 lakh gross annual income, net take-home pay must be at least ₹50,000 per month.View source
The official quantum section publishes the two net-take-home-pay tests.
Source
IB Home Loan — Indian Bank
Page / section
Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountThe current IB Home Loan page does not state a universal rupee ceiling. Eligible finance is determined from the published income test, property value, margin and repayment-capacity rules.View source
The current quantum section gives income and margin rules but no single maximum rupee amount for the scheme.
Source
IB Home Loan — Indian Bank
Page / section
Quantum of Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Margin10% for loans up to ₹30 lakh; 20% above ₹30 lakh up to ₹75 lakh; 25% above ₹75 lakh; 30% for repairs and renovation.View source
The official margin table gives the four loan-purpose bands.
Source
IB Home Loan — Indian Bank
Page / section
Margin
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureGeneral home loan maximum 30 years including the holiday period; repairs and renovation maximum 10 years. Commercial-real-estate home loan is up to 30 years for salaried and 25 years for non-salaried applicants.View source
The official repayment section publishes the general, repair and limits.
Source
IB Home Loan — Indian Bank
Page / section
Repayment Period (inclusive of Holiday Period)
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Holiday periodNil for outright purchase and takeover; up to 18 months for construction on an owned plot; up to 24 months for plot-plus-construction or promoter/developer construction; up to 36 months for larger under-construction projects.View source
The page publishes each holiday-period route and says total repayment including the holiday cannot exceed 360 months.
Source
IB Home Loan — Indian Bank
Page / section
Holiday Period
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing fee₹1,500 for loan amount up to ₹25 lakh; ₹2,500 above ₹25 lakh up to ₹75 lakh; ₹5,000 above ₹75 lakh. Nil for takeover cases; GST is recovered separately.View source
The current schedule publishes three fixed fee bands and nil takeover fee, exclusive of .
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
IB Home Loan to Residents / IBHL-
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
PrepaymentNil prepayment charges for the home-loan route in the current Indian Bank retail charge schedule.View source
The current schedule lists NIL prepayment charges for the resident home-loan group.
Source
Indian Bank retail asset service-charge schedule
Page / section
IB Home Loan to Residents / IBHL- — Prepayment charges
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Security and insuranceMortgage of the property purchased or constructed with loan proceeds. The financed property must be insured at the borrower's cost and the policy renewed each year; group mortgage redemption assurance is optional.View source
The official page states the mortgage, annual property insurance and optional GMRA conditions.
Source
IB Home Loan — Indian Bank
Page / section
Security; Insurance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Documents named on pageIdentity proof, address proof, income proof, bank statements, property documents and passport-size photographs; additional documents may be requested during legal, technical and eligibility review.View source
The official names these document groups and says additional documents may be requested.
Source
IB Home Loan — Indian Bank
Page / section
5 — What documents are required?
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Loan typeHome loanView source
The official product name identifies this as “IB Home Loan”.
Source
IB Home Loan — official product page
Page / section
Official product name and loan classification
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Purchase, construction, extension, repair and renovation purposes
  • Up to 30-year repayment including the holiday period
  • , progressive monthly instalment or negotiated repayment options
  • Home-loan takeover and balance-transfer route

Eligibility

  • Entry age is 18 years. Salaried applicants need the stated employment and salary history; businessmen, professionals and self-employed applicants need at least 3 years' experience; pensioners need adequate income to service the loan.
  • Quantum is assessed under the published net-take-home-pay criteria and property-value/margin limits.

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

Documents the bank lists

  • Identity and address proof
  • Income proof and bank statements
  • Admission/property title, approved-plan and valuation documents
  • Passport-size photographs

Related official documents

IB Home Loan — 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
↗

Plan before applying

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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.

Target customers · Published detailSalaried, businessmen, professionals/self-employed and pensioners; entry age 18 years.

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

Source: IB Home Loan — Indian Bank · Loan Parameter table; Holiday Period; Security; Insurance; current processing-fee schedule Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 10 rows · 2 columnsIB Home Loan — published termsCurrent Indian Bank home-loan eligibility, income, margin, tenure, holiday, security and fee terms.View tableHide table

Scroll sideways to view every column

IB Home Loan — published terms
ParameterPublished detail
Target customersSalaried, businessmen, professionals/self-employed and pensioners; entry age 18 years.
PurposePurchase, construction, plot-plus-construction, under-construction/semi-finished/resale property, extension, repair/renovation, takeover and eligible reimbursement.
Income testUp to ₹15 lakh gross annual income: NTHP at least 40% of gross annual income. Above ₹15 lakh: NTHP at least ₹50,000 per month.
Margin10% up to ₹30 lakh; 20% above ₹30 lakh to ₹75 lakh; 25% above ₹75 lakh; 30% for repairs/renovation.
RepaymentGeneral maximum 30 years inclusive of holiday; repairs/renovation 10 years.
HolidayNil purchase/takeover; up to 18 months owned-plot construction; 24 months plot-plus-construction/developer construction; 36 months larger projects.
Processing fee₹1,500 up to ₹25 lakh; ₹2,500 above ₹25 lakh to ₹75 lakh; ₹5,000 above ₹75 lakh; nil takeover; extra.
Security / insuranceMortgage of financed property; annual property insurance at borrower cost; optional group mortgage redemption assurance.
PrepaymentNil in the current resident home-loan charge schedule.
DocumentsIdentity/address proof, income proof, bank statements, property documents and passport photos; additional documents may be requested.
IB Home Loan — Indian Bank · Loan Parameter table; Holiday Period; Security; Insurance; current processing-fee schedule · accessed 31 Aug 2026Open official source ↗

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