Indian Bank — review & key facts
Bank
✓ Regulated entity identified
Fact sheetevery field shows its verification state — no silent blanks
Public name
Indian Bank
✓ Verified
Legal lender
Indian Bank
✓ Verified
App ↔ entity relationship
Indian Bank is the regulated bank itself — no separate lending-service-provider relationship.
∅ Not applicable
RBI evidence
Page references the RBI Integrated Ombudsman Scheme; explicit 'licensed by RBI' wording not found.
— Not disclosed
Loan amount
Clean Personal Loan (salaried class): Category 1 up to 20× monthly gross salary, capped at ₹50 lakh; Category 2 up to 20× monthly gross salary, no cap stated.
✓ Verified
Tenure
Term loan: up to 84 months. Overdraft: 60 months (up to ₹5 lakh) or 84 months (above ₹5 lakh).
✓ Verified
Interest & APR
Links to a separate rates page rather than stating a figure directly; not captured.
— Not disclosed
Processing fee
Links to a separate fee schedule; not captured.
— Not disclosed
Service fee
—
∅ Not applicable
Late-payment fee
—
— Not disclosed
Prepayment / foreclosure
Prepay/foreclose "as per the bank's applicable terms, conditions, and charges" — no charge amount stated.
— Not disclosed
KFS
—
— Not disclosed
Eligibility & KYC
Permanent employees with min 2 years' service; min entry age 21; take-home pay ≥40% of gross salary after EMI. Documents: salary slips/Form 16, employment proof, PAN, KYC ID, NACH authorization.
✓ Verified
Disbursal route
—
— Not disclosed
Repayment route
EMI via term loan or overdraft, debited through NACH mandate.
✓ Verified
Grievance contact
Shri Amit Chaudhari, General Manager — Principal Nodal Officer for Customer Service · 044-25279970 · nodalofficer@indianbank.bank.in
✓ Verified
Editorial assessment
Indian Bank is a bank lending in its own name. Its official site publishes only some of the core loan terms; the rest are marked not disclosed below and should be confirmed in the lender's Key Facts Statement before you apply. A grievance escalation contact is published on its official site.
Contact & registered office
Customer care1800-1700
Grievance & complaints
Grievance Redressal Officer: Shri Amit Chaudhari, General Manager — Principal Nodal Officer for Customer Service
Not resolved in 30 days? RBI Ombudsman route →Alternatives to compare
Bandhan Bank
Bandhan Bank Limited
₹50,000 – ₹25,00,000 · Flexible repayment tenure – up to 60 months · Rates & Charges page (July 2026) states floating rates '8.55% – 13.52%'. The personal-loan landing page separately advertises 'from 9.50% p.a.' (up to 3 years) and '8.86% p.a.' (more than 3 years), effective 01 Aug 2026. Both figures reported as-is; not reconciled.
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