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.

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Table of Content

1. Features of Indian Bank Small Personal Loans

2. Interest Rates of Indian Bank Small Personal Loans

3. Small Personal Loans Eligibility

4. Documents Required for Small Personal Loans

5. Why Go for an Indian Bank for Small Personal Loans?

6. How to Apply for Small Personal Loans Online

Written By

Kirti Bansal

Kirti Bansal is an esteemed financial expert and accomplished writer, specializing in a range of financial topics, including Financial Services, Investments, Loan Assessments, Mutual Funds, and Banking. With a wealth of experience in the financial industry, she has earned a reputation as a trusted voice! Her expertise serves as a beacon for those navigating the intricacies of finance.

Reviewed By

Amit Prakash Singh

Co-Founder, Square Yards & Chief Business Officer, Urban Money

Amit Prakash Singh is the Chief Business Officer at Urban Money. With over nine years of experience at Square Capital, he has played a crucial role in establishing it as one of India's premier loan advisory services. Amit's deep financial insights and extensive knowledge have driven significant business growth and strategic advancements. He has successfully built and managed large sales teams, optimised costs, and created leaders within the industry. Amit's financial expertise and strategic vision are key to the ongoing success and expansion of Square Yards and Urban Money.

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:

Loan Amount	Starting from ₹10,000
Interest Rates	7.2 % to 27% per annum
Loan Tenure	I year to 6 years
Eligibility	Salaried individuals only

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.

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Frequently Asked Question (FAQs)

How do you get an Indian Bank Small Personal Loan urgently?

You can get an Indian Bank Small Personal Loan via the official website of Urban Money.

How can I use a small personal loan from an Indian bank to consolidate debt?

Once you have assessed your debts, you must apply for a loan through Urban Money’s website. Thus, within a day, our loan specialist will contact you via phone and guide you until you receive the money.

How can I use a small personal loan?

You can use a small personal loan for nearly any personal needs, such as medical emergencies, debt consolidation, education, marriage, vacation, good purchase, etc.

What are the risks of taking a small personal loan from an Indian bank?

Taking a small personal loan from an Indian bank can be ideal for fulfilling your immediate financial needs. However, it’s crucial to carefully examine the terms and conditions, ensuring that the monthly repayments are manageable and within your budget.