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Personal, home, vehicle & other loans

Salary Loan — IB Clean Loan to Salaried Class

Unsecured term-loan or overdraft finance for permanent salaried employees, with 20-times gross-salary assessment and separate salary-credit/check-off categories.

Interest rateTerm loan: 9.65%–10.15% p.a. floating. Overdraft: 10.65%–11.15% p.a. floating, per Indian Bank's current rate table dated 14 August 2026.Maximum amountCategory 1: term loan and overdraft together capped at ₹50 lakh; overdraft alone is one month's gross salary up to ₹2 lakh. Category 2: term loan/overdraft is up to 20 times monthly gross salary with no cap published.Repayment tenureTerm loan maximum 84 months in both categories. Category 1 overdraft is valid one year. Category 2 overdraft reduces monthly: up to 60 months for limits up to ₹5 lakh and up to 84 months above ₹5 lakh.
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Quick eligibility check

Salary Loan — IB Clean Loan to Salaried Class

0 of 9 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.

1Does your annual income meet this requirement: After the proposed EMI, take-home pay must be at least 40% of gross salary?

Published source: Minimum income

2Does your annual income meet this requirement: loan assessment is based on 20 times monthly gross salary within the category limits?

Published source: Minimum income

3Do you meet this requirement: Permanent employees with at least two years' service or experience in Government, quasi-Government, boards/endowments, reputed companies or corporate industrial establishments?

Published source: Eligibility

4Does your annual income meet this requirement: Category 1 requires salary credit in Indian Bank without check-off/undertaking?

Published source: Eligibility

5Does your annual income meet this requirement: Category 2 allows check-off/undertaking or a regular Indian Bank Home Loan with salary credited there?

Published source: Eligibility

6Document checkDo you have at least one of these required documents: Last six months' salary slips or latest Form 16?

Published source: Required documents

7Document checkDo you have this required document or proof: Employment order, employer photo ID and employee number?

Published source: Required documents

8Document checkDo you have this required document or proof: Form 16/ITR and PAN?

Published source: Required documents

9Document checkDo you have this required document or proof: KYC documents?

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

India

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 typeUnsecured clean salary loan available as a term loan or overdraft.View source
The page sets out term-loan and overdraft routes for permanent salaried employees.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Loan Criteria; Category 1; Category 2
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateTerm loan: 9.65%–10.15% p.a. floating. Overdraft: 10.65%–11.15% p.a. floating, per Indian Bank's current rate table dated 14 August 2026.View source
The current rate table lists separate clean salary term-loan and overdraft ranges.
Source
Interest Rates on Personal Segment Loan Products: Floating — Indian Bank
Page / section
Salary Loan & IBCLS Plus
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkThe clean salary term-loan and overdraft rows are labelled floating but the current official table does not identify a named benchmark or spread.View source
The official rows publish floating ranges without a named benchmark.
Source
Indian Bank Salary Loan rate review
Page / section
Salary Loan & IBCLS Plus rate rows
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNo separate APR percentage or APR calculation is published on the Salary Loan page or current floating-rate table.View source
The reviewed sources publish interest-rate ranges but no calculation.
Source
Indian Bank Salary Loan review
Page / section
Interest Rates; complete loan criteria table
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo minimum salary amount is published. After the proposed EMI, take-home pay must be at least 40% of gross salary; loan assessment is based on 20 times monthly gross salary within the category limits.View source
The page publishes the 40% NTHP condition and salary multiple, not a universal minimum rupee salary.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Net Take Home Pay; Category 1; Category 2
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amountCategory 1: term loan and overdraft together capped at ₹50 lakh; overdraft alone is one month's gross salary up to ₹2 lakh. Category 2: term loan/overdraft is up to 20 times monthly gross salary with no cap published.View source
The two category sections publish the ₹50-lakh combined cap, ₹2-lakh cap and uncapped 20-times route.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Category 1; Category 2
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Repayment tenureTerm loan maximum 84 months in both categories. Category 1 overdraft is valid one year. Category 2 overdraft reduces monthly: up to 60 months for limits up to ₹5 lakh and up to 84 months above ₹5 lakh.View source
The category tables publish term-loan, one-year and monthly-reduction overdraft tenors.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Category 1; Category 2
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeGovernment/PSU employees: nil. Others: 1% of loan amount, maximum ₹10,000, under the current Indian Bank schedule for Clean Salary Loan and Clean Salary Loan Overdraft.View source
The current schedule distinguishes nil fees for Government/ employees and 1% capped at ₹10,000 for others.
Source
Processing Fee on Personal Segment Loan Products — Indian Bank
Page / section
Clean Salary Loan; Clean Salary Loan Overdraft
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment / foreclosureThe current Salary Loan page and linked processing-fee schedule do not state a separate prepayment or foreclosure charge.View source
The complete sources state the repayment and processing rules but no separate prepayment amount.
Source
Indian Bank Salary Loan prepayment review
Page / section
Complete loan criteria table; current processing-fee schedule
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
EligibilityPermanent employees with at least two years' service or experience in Government, quasi-Government, boards/endowments, reputed companies or corporate industrial establishments. Category 1 requires salary credit in Indian Bank without check-off/undertaking; Category 2 allows check-off/undertaking or a regular Indian Bank Home Loan with salary credited there. Entry age is 21 years and the loan must close three months before superannuation.View source
The official criteria publish service, employer, age, salary-credit/check-off and superannuation conditions.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Eligibility; Age; Category 1; Category 2
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Required documentsLast six months' salary slips or latest employer-attested Form 16, employment order or employer photo ID/employee number, Form 16/ITR, PAN, KYC documents and SB-account debit authorisation or ECS/NACH mandate.View source
The official document row enumerates salary, employment, tax, identity and repayment-mandate records.
Source
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank
Page / section
Documents to be submitted by the applicant
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Geographic limitsPermanent employees with at least two years' service or experience in Government, quasi-Government, boards/endowments, reputed companies or corporate industrial establishments. Category 1 requires salary credit in Indian Bank without check-off/undertaking; Category 2 allows check-off/undertaking or a regular Indian Bank Home Loan with salary credited there. Entry age is 21 years and the loan must close three months before superannuation.View source
The manually reviewed product record states: “Permanent employees with at least two years' service or experience in Government, quasi-Government, boards/endowments, reputed companies or corporate industrial establishments. Category 1 requires salary credit in Indian Bank without check-off/undertaking; Category 2 allows check-off/undertaking or a regular Indian Bank Home Loan with salary credited there. Entry age is 21 years and the loan must close three months before superannuation.”.
Source
Salary Loan — IB Clean Loan to Salaried Class — official product page
Page / section
Published product metadata
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Minimum two years' service or experience
  • Take-home pay after proposed must remain at least 40% of gross salary
  • Term loan up to 84 months
  • Category 1 combined term-loan/ cap ₹50 lakh; Category 2 has no cap published
  • Category 1 overdraft up to one month's gross salary, capped at ₹2 lakh

Eligibility

  • Entry age is 21 years. Category 1 requires salary credit in Indian Bank without check-off/undertaking; Category 2 permits check-off/undertaking or a regular Indian Bank Home Loan with salary credit.
  • Loan must be structured to close three months before superannuation.

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

Documents the bank lists

  • Last six months' salary slips or latest Form 16
  • Employment order, employer photo and employee number
  • Form 16/ and
  • documents
  • -account debit authorisation or / mandate

Related official documents

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
↗
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank official product pageofficial-product-page · current · accessed 31 Aug 2026
↗

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Loan repayment estimate

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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.

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Eligibility · Category 1Salary credited in Indian Bank; no check-off/undertaking; permanent employee with 2 years' service.

This value is copied from Salary Loan — IB Clean Loan to Salaried Class — published terms. Check the table notes before relying on it.

Source: Salary Loan — IB Clean Loan to Salaried Class — Indian Bank · Complete criteria table; 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 · 9 rows · 3 columnsSalary Loan — IB Clean Loan to Salaried Class — published termsCurrent Indian Bank clean salary term-loan and overdraft categories, limits, repayment and documentation.View tableHide table

Scroll sideways to view every column

Salary Loan — IB Clean Loan to Salaried Class — published terms
ParameterCategory 1Category 2
EligibilitySalary credited in Indian Bank; no check-off/undertaking; permanent employee with 2 years' service.Check-off/undertaking available, or regular Indian Bank Home Loan with salary credit; permanent employee with 2 years' service.
Income testPost- take-home pay at least 40% of gross salary.Post- take-home pay at least 40% of gross salary.
Term loan amount20× monthly gross salary; term loan + combined maximum ₹50 lakh.20× monthly gross salary; no cap published.
Overdraft amountOne month's gross salary, maximum ₹2 lakh; one-year validity.20× monthly gross salary, monthly reduction; up to 60 months ≤₹5 lakh and 84 months above ₹5 lakh.
RepaymentTerm loan maximum 84 months.Term loan maximum 84 months.
RateTerm 9.65%–10.15%; overdraft 10.65%–11.15% p.a. floating.Term 9.65%–10.15%; overdraft 10.65%–11.15% p.a. floating.
Processing feeGovernment/ nil; others 1% capped at ₹10,000.Government/ nil; others 1% capped at ₹10,000.
Guarantee / closureSpouse and/or PF/Gratuity/ nominee guarantee; loan closes three months before superannuation.Spouse and/or PF/Gratuity/ nominee guarantee; loan closes three months before superannuation.
DocumentsSalary slips/Form 16, employment proof, , and debit// mandate.Salary slips/Form 16, employment proof, , and debit// mandate.
Salary Loan — IB Clean Loan to Salaried Class — Indian Bank · Complete criteria table; current rate/fee schedules · accessed 31 Aug 2026Open official source ↗

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