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Home » No Matter What Your Financial Requirements Are, Indian Bank Has a Loan for Every Need.

No Matter What Your Financial Requirements Are, Indian Bank Has a Loan for Every Need.

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Indian Bank has been delivering excellence for years in financial services through customer focus, employee engagement, and sustainable growth. Banks have been a vital part of our lives for decades, whether for financial needs or investments. With the enormous competition in the market, Indian Bank has come up with a variety of loans to ensure maximum reach to everyone, with an emphasis on their customers’ needs. Indian Bank offers several types of loans to help you achieve your dreams. 

From agriculture to personal and commercial loans, they’ve got all the bases covered. Their online loan provides you with fast approval and disbursal of funds at competitive interest rates. Indian Bank offers multiple options for loans, so you have the right loan to meet your short-term or long-term needs. Their multiple channels include online application processes, walk-in branches, and ATM machines, so the reach is not an issue. 

So without any further delay, let’s move forward and discuss all the loans offered by Indian Bank, along with its features. 

Indian Bank offers loans in 9 major fields, which are: 

  • Agriculture

  • Group 

  • Personal/Individual

  • Policy on Co-Lending by Bank and NBFC/HFC to Priority Sector

  • MSME

  • Education

  • Corporate 

  • NRI Loans

  • 59 minutes loans

Now let’s discuss each of the loans available in these fields to clear all your doubts and confusion:

  • Agriculture

The bank loan is intended to support the construction of new storage facilities, market yards, and silos—or the expansion, modernization, or improvement of existing facilities. The bank has designed this loan scheme for mechanizing farming activities to improve agricultural production/productivity. The scheme will enable farmers to purchase tractors and related implements, including a trailer, power tillers, and pre-used tractors.

  • Agricultural Godowns / Cold Storage

  • Financing Agriculturists for Purchase of Tractors & Other Farm Machinery

  • Agri Clinic and Agri-Business Centres

  • SHG Bank Linkage Programme – Direct Linkage to SHGs

  • Joint liability group (JLG)

  • Kisan Credit Card (KCC)

  • Agricultural Jewel Loan Scheme

  • Kisan Credit Card (KCC) – Animal Husbandry and Fisheries

  • Dairy Loan

  • SELF HELP GROUP (SHG) – SHAKTI

  • Food and Agro Processing

  • IB Star Agro Mills (Rice Mill, Dhal Mill, Oil Mill, and Flour Mill)

  • IND KISAN SAUR SHAKTHI (PM KUSUM)

  • Personal/Individual Schemes

Whether you have health issues, need a vacation, looking for a new car, or have to remodel your kitchen — loans are there for you. Banks are offering Personal Loans and Individual Loans with affordable interest rates to help you fulfill your dreams. Here is the list of all the Indian Bank Personal/Individual Loan Schemes.

  • IB Home Loan Combo

  • Reverse Mortgage

  • Ind Mortgage

  • IB Home Loan

  • IB Home Improve

  • NRI Plot Loan

  • NRI Home Loan

  • IB HOME ADVANTAGE

  • IB HOME ENRICH

  • Restructuring of Personal Loan due to Covid Pandemic

  • Jewel Loan

  • OD against Gold Jewels

  • Loan for Purchase of “Van / Minibus / Bus / Ambulance” to Institutions / Firms / PSU / Company / Hospitals

  • Loan Against Lease Rental

  • Policy on Co-Lending by Bank and NBFC/HFC to Priority Sector

The objective of the policy on co-lending (‘Co-Lending Policy’) is to promote financial inclusion by ensuring access to affordable credit by unserved and underserved persons by making available funds to the ultimate beneficiary at an affordable cost, considering the lower cost of funds from banks and the greater reach of Non-Banking Finance Companies (NBFC).

  • MSME Loan Schemes

Indian Bank MSME Loan scheme provides working capital to small and medium enterprises (MSMEs) with a focus on business expansion and employment generation in a sustainable manner. The complete loan package includes schemes for the acquisition of fixed assets, modernization of business places/offices, etc, besides general working capital loans.

  • IB Tradewell

  • IND SME Secure

  • IB MICRO

  • IND-SME E-VAAHAN

  • IB CONTRACTORS

  • IB MY OWN SHOP

  • IB Doctor Plus

  • IND MSME VEHICLE

  • IND-SME EASE

  • IND-SURYA SHAKTI

  • IND-GECLS-COVID-19

  • IND-SDSM (IND-SUBORDINATED DEBT FOR STRESSED MSME)

  • INDSME Sanjeevini

  • INDSME Arogyam

  • GECLS Extension Loans

  • Corporate Schemes

The Indian Bank provides a comprehensive suite of lending solutions to businesses in India. Corporate loans are available for projects and business requirements, including open-term loans for high-rated existing clientele. Non-Fund based facilities in the form of Inland/Import Letters of Credit as sub-limit to procure the equipment/types of machinery needed for the projects are also provided by the Indian bank.

  • Corporate credit

  • Working Capital 

  • Term Loan

  • Corporate Loan

  • Resolution Framework for COVID 19 Related Stress – For eligible Corporate borrowers and MSMEs above Rs.25 crore as per RBI guidelines

  • Derivatives

  • Education Loan

  • Education Loan Interest Subsidies

Indian Bank Education Loan schemes are designed to support the nation in developing a high standard of education. The government of India has launched various schemes to promote the revolution of education in their upcoming generations. It provides interest charged upto the moratorium period as a subsidy for education loans under three schemes subject to scheme guidelines. Below mentioned are a few schemes supported by Indian Bank.

  • 59 Minutes Loan

What if you are in dire need of money but don’t want to compromise on the purpose and urgency of the loan? The Indian Bank 59 Minutes Loan scheme has been launched with the purpose of helping customers with financial support in immediate needs. With this loan scheme, you can get digital loan approval in 59 minutes and avail of loans upto ₹ 10 crores in the simplest and fastest way possible. The loans available under this scheme are: 

  • Mudra Loan Up to 10 Lakhs

  • MSME Loan Up to 5 Crore

  • Home Loan Up to 10 Crore

  • Personal Loan Up to 20 lakhs

  • Auto Loan Up to 1 Crore

Wrapping it Up 

Be it any section, be it any loan, Indian Bank has a loan for you. Indian Bank provides amazing facilities to its valuable customers, right from home improvement loans to loans that help you in growing your business. Their tenure and amount are as per your needs, and their charges are also very low compared to other banks.

FAQs

The Maximum Lending Amount Limit for the Indian bank is Rs.70 lakhs

The Repayment Tenure of the Indian Bank Home Loan is up to 30 years.

If you’re a resident individual and have worked for at least three years (including previous employment/experience and confirmed in the present employment) with a steady source of income, you can apply for an Indian Bank Home Loan.

The interest rates of Indian Bank Corporate Loan will be Based on rating and to be serviced then and there. 

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