Indian Bank small loans

The Indian Bank Small Loans Online is a handy credit option. As the name suggests, borrowers can secure a loan amount from ₹10,000 to ₹1 lakh or more, subject to their income and creditworthiness. The application process is entirely online. Applicants can apply via Urban Money's official website, provide basic KYC details, submit income documents, and get the funds disbursed on the same day or the next. To know more about this borrower-friendly credit option, continue to scroll down. Hereunder, we present a detailed overview of Indian Bank small loans online.

Features of Indian Bank Small Personal Loans

The following are the applicable features of Indian Bank small loan online:

• Loan amounts range from ₹10,000 to ₹1 lakh or more.
• Interest rates start as low as 7.2 % per annum.
• Loan tenure can be chosen anywhere between 1 and 6 years.
• Processing fees range from 0.1 to 6% of the loan amount. 

Interest Rates of Indian Bank Small Personal Loans

Following are the expected interest rates and other key parameters of Indian Bank small loan: 

Small Personal Loans Eligibility

Indian Bank’s small personal loan eligibility criteria are as follows: 

• Age: Applicant must be 21 years old.
• Income: Applicant must have a regular source of salary.
• Credit score: Applicant must have a good credit score.
• Nationality: Applicant must be an Indian Citizen. 

Documents Required for Small Personal Loans

Indian Bank’s small personal loan documents are as follows:

• Identity Proof: PAN Card, Passport, Driving License, or Voter ID.
• Address Proof: Utility bills, Passport, Aadhar card, or Driving License.
• Income Proof: Salary slips, bank statements, income tax returns, or Form 16.

Why Go for an Indian Bank for Small Personal Loans?

Let’s examine the key benefits of Indian Bank small loans online:

• Multipurpose loan
• Collateral-free 
• Lower interest rates
• Online application
• Quick fund disbursement 

How to Apply for Small Personal Loans Online

Below is the step-by-step procedure for the Indian Bank small loan online application: 

• Visit the Urban Money website.
• Select “Personal Loan” from the “Loan” menu on the homepage.
• You’ll be redirected to a page titled “Personal Loan.”
• Scroll down to locate a list of leading banks across India.
• Find “India Bank” and click the “Apply Now” button.
• A short online form will appear on your screen.
• Fill in your name, mobile number, and city.
• You’ll receive a 6-digit OTP on your phone.
• Once your details are authenticated, expect a call from our team shortly.