Indian Bank Home Loan Interest Rate
Indian Bank Home Loan Interest Rate
Established in 1907, the Indian Bank is a leading public sector bank catering affordable financial services to millions of customers in India. The Indian Bank home loan interest rate starts at 8.40% per annum. The bank charges a nominal processing fee of up to 1.00% of the loan amount to process each home loan application. The maximum loan repayment tenure offered by the bank is up to 30 years, during which the borrower can enjoy flexible repayment EMIs and various other benefits. The Indian Bank housing loan interest rate may vary for customers based on their profile. Besides, the Indian Bank housing loan interest may also vary depending on the credit score, employment status, and other eligibility criteria set by the bank.
Indian Bank EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Indian Bank Home Loan Key Highlights
Amount of Loan
Up to 90% of the property cost
Rate of Interest
8.40% p.a. onwards
Processing Fees
Up to 1.00% of the loan amount
Max Tenure for Loan Repayment
30 years
Indian Bank Home Loan Interest Rates in 2025
The Indian Bank is known for offering home loan schemes at a lucrative interest rate to Indian citizens as well as NRIs. The Indian Bank home loan interest rate starts at 8.15% p.a. The maximum tenure for loan repayment at the Indian Bank is up to 30 years. The tables given below highlight the Indian Bank home loan interest rate 2025 for different categories of loan applicants.
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Applicants with a CIBIL score of 700 or higher | 8.40% p.a. onwards |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Retail Prime Lending Rate: 13.75%
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 8.40% - 10.40% p.a. |
IB Home Advantage Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| IB Home Advantage | 8.45% - 8.80% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) | 9.20% - 9.40% p.a. (General Customers) |
Top-Up Loans Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Bank Customers (Outstanding Home Loan + Top-Up Loan) | 8.40% p.a. onwards |
Interest rates were last updated on 10th July 2025
Indian Bank Home Loan Interest Rates for All Schemes in India
The Indian Bank understands the different needs of different home loan borrowers, so it offers them a wide range of housing loan schemes. The table below highlights some of the key home plans offered by the bank and the standard rate of interest offered on each. The starting interest rate for the Indian Bank home loans is 8.40% p.a. onwards.
| Indian Bank Home Loan Schemes | Rates of Interest for Each Plan |
|---|---|
| IB Home Loan | 8.40% - 8.80% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) / 9.20% - 9.40% p.a. (General Customers) |
| IB Home Advantage | 8.40% - 8.80% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) / 9.20% - 9.40% p.a. (General Customers) |
| IB Plot Loan | 8.40% - 8.80% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) / 9.20% - 9.40% p.a. (General Customers) |
| IB Home Improve | 8.90% - 9.30% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) / 9.70% - 9.90% p.a. (General Customers) |
| IB Home Loan Premium | 9.00% - 9.20% p.a. |
| IB Home Enrich | 9.40% - 9.95% p.a. |
| Home Loan Plus | 9.00% - 9.70% p.a. (Elite Customers; Loans Up to and over Rs. 15 lakhs) / 9.70% - 10.15% p.a. (General Customers) |
Indian Bank Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft
The Indian Bank proudly offers its customers three flexible options to enjoy more benefits on home loans. These three facilities are described below in detail:
Indian Bank Home Loan Balance Transfer
The Indian Bank facilitates the option to transfer the outstanding loan amount from another bank or NBFC at a lower interest rate. This is part of the bank's Balance Transfer Scheme. The main benefit of a Balance Transfer Home Loan is to enjoy the outstanding loan amount at a comparatively lower rate of interest and improved terms and conditions. The home loan interest rate for a balance transfer for an Indian Bank home loan starts at 8.40% per annum.
Indian Bank Home Loan Top-Up
The Indian Bank offers top-up on home loans to allow homeowners to borrow additional funds on top of their existing home loan. The maximum loan amount for a top-up is determined by the equity you have in your property, and the interest rate for top-ups is generally similar to the rates for home loans. The Indian Bank home loan top-up interest rate starts at 8.40%.
Indian Bank Home Loan Overdraft Option
The Indian Bank also offers a flexible overdraft facility to its customers that helps fetch additional funds without applying for a fresh loan from the bank. This overdraft facility offered by the bank is linked to the customer's home loan account and allows them to withdraw funds to a specified limit. Another remarkable benefit of the overdraft facility is that it helps customers enjoy flexible repayments on home loans.
Indian Bank Home Loan EMI Calculator 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 8.40% p.a. | Rs. 12,345 | Rs. 8,615 | Rs. 7,618 |
| Rs. 20 lakh | 8.40% p.a. | Rs. 24,690 | Rs. 17,230 | Rs. 15,237 |
| Rs. 30 lakh | 8.40% p.a. | Rs. 37,035 | Rs. 25,845 | Rs. 22,855 |
| Rs. 40 lakh | 8.40% p.a. | Rs. 49,381 | Rs. 34,460 | Rs. 30,474 |
| Rs. 50 lakh | 8.40% p.a. | Rs. 61,726 | Rs. 43,075 | Rs. 39,092 |
| Rs. 60 lakh | 8.40% p.a. | Rs. 74,071 | Rs. 51,690 | Rs. 45,710 |
| Rs. 70 lakh | 8.40% p.a. | Rs. 86,416 | Rs. 60,305 | Rs. 53,329 |
| Rs. 80 lakh | 8.40% p.a. | Rs. 98,761 | Rs. 68,920 | Rs. 60,947 |
| Rs. 90 lakh | 8.40% p.a. | Rs. 1,11,106 | Rs. 77,535 | Rs. 68,565 |
| Rs. 1 crore | 8.40% p.a. | Rs. 1,23,452 | Rs. 86,150 | Rs. 76,184 |
Disclaimer:
The figures in the table above are based on a 9.00% p.a. interest rate offered by the Indian Bank. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.
How to Calculate Indian Bank Home Loan Interest Rates?
The easiest way to determine your interest rate payable on an Indian Bank home loan plan is by using the online home loan interest rate calculator available at EMI. Use this online EMI calculator to plan your monthly finances better. The table below provides a detailed estimate of the EMI payable and the interest rate on Indian Bank home loans so that you have a better picture before applying for one.
Compare Indian Bank Home Loan Interest Rate with Top Indian Banks
The Indian Bank is known for offering affordable home loan schemes to salaried and self-employed customers. However, we do suggest you do a thorough comparison with other leading banks and NBFCs before submitting a home loan application with the Indian Bank.
The table below enlists the interest rates and processing fees of other leading banks in India providing home loans to offer a comparative analysis with those offered by the Indian Bank Home Loans.
Indian Bank Home Loan Balance Transfer Interest Rates
Avail home loans at lower interest rates and flexible EMI repayment by choosing the Indian Bank Home Loan Transfer Scheme. It helps the existing home loan borrowers to transfer their outstanding loan amount to the Indian Bank at comparatively lower interest rates.
The Indian Bank Balance Transfer interest rates for salaried and self-employed applicants start at 8.4% per annum. Mentioned below is the procedure to apply for an Indian Bank Balance Transfer Home Loan:
Go to the Repay Right section on the BASIC Home Loan website - Repay Right
In the section, fill out the provided form with all your key details on the current outstanding loan amount, existing rate of interest per annum, new rate of interest per annum, existing loan repayment tenure, and existing EMI paid on the loan amount.
Click on Next once you have entered the required details on the form.
You can see your total savings with the Indian Bank Home Loan Balance Transfer option on the next page.
Alternatively, you can get in touch with one of the team representatives of BASIC Home Loan, who can help maximize your savings with the Indian Bank Balance Transfer on home loans.
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