Based on Base Rate

1. Home Loan Variable Rate of Interest (For residents and NRIs)-Interest Rate
w.e.f 07.10.2015
All rates linked to our present Base Rate of 9.65%
Upto ` 75 lakhs
> ` 75 lakhs
9.65% (Base Rate)
*9.90% (Base rate +0.25%)
*Concessional rate of interest is applicable at present under Festival Season Offer 2015 for
Home Loans upto 2.00 crores at Base Rate, presently 9.65% valid upto 31.01.2016
2. Home Loan -Fixed Rate of Interest (For residents only)-Interest Rate w.e.f 07.10.2015
All rates are linked to our present Base Rate of 9.65%
Upto ` 75 lakhs
10.65% (Base Rate+1%)

> ` 75 lakhs
10.90% (Base rate +1.25%)

3. Plot Loan(both Resident & NRI)- Variable rate

Interest Rate
1% above the applicable Home Loan (variable) interest rates based
on the amount of loan
4. IB Home Improve- Variable rate
Interest Rate
(BR+Spread+TP)

9.65+1.25+0.50=11.40%

5. IB Home Loan Plus

Interest Rate
(BR+Spread+TP)

9.65+0.50+1.50=11.65%

All Interest rates are linked to current Base Rate.

IB Vehicle Loan Interest Rate w.e.f 07.10.2015 Applicable for loans sanctioned on or
after 01.05.2012
Type of Vehicle
Vehicle Loan (New Cars)
including Nano Cars
Vehicle Loan (Used Cars)
Vehicle Loan(2 Wheelers)

Rate of Interest
*BR+0.50%(variable)=10.15% p.a for all tenors
BR+3.25%(variable)=12.90% p.a
BR+2.75%(variable)=12.40% for all tenors

*Concessional rate of interest for Vehicle Loan (New Car) at Base rate + 0.35% = 10.00% under
Festival Season offer 2015 valid upto 31.01.2016.

All interest rates are linked to current Base Rate

1. Other Variable Rate Personal Segment Loan Products
Product
Pension Loan Repayment of 12 months
Pension Loan Repayment above 12 months upto 36 months
Pension Loan Repayment above 36 months upto 60 months
Loan against NSC/KVP/LIC Policy/RBI Relief Bonds (for
individuals)
Overdraft against NSC/KVP/LIC policy/RBI Relief Bonds (for
individuals)
IB Rentencash Repayment Upto 12 months
IB Rentencash Repayment above 12 months Upto 36 months
IB Rentencash Repayment above 36 months Upto 60 months
IB Rentencash Repayment above 60 months
Ind Mortgage
IB Home Loan Plus
Van / Bus to Educational Institutions
Loan to LIC Agents
IB Balavidya
Indshare-ESOP

Interest Rate w.e.f 07.10.2015

(BR + Spread + TP)
BR+3.00%
=12.65%
BR+3.50%+0.25%=13.40%
BR+3.50%+0.50%=13.65%
BR+1.30%+0.50%=11.45%
BR+2.30% =11.95%
BR+2.25%+NIL =11.90%
BR+2.25%+0.25=12.15%
BR+2.25%+0.50=12.40%
BR+2.25%+0.75=12.65%
BR+3.50%+0.75%=13.90%
BR+1.25%+0.75%=11.65%
BR+2.75%+0.50%=12.90%
BR+5.25%+0.25%=15.15%
BR+3.25%
=12.90%
To be considered on case to case basis

2. Interest rates for other Fixed Rate Personal Segment Loan Products for existing
accounts: (fresh sanctions and for existing accounts reset on or after 07.10.2015)
Sl No.
1
2.

3.

Product
Reverse Mortgage
Salary Loan
Upto 36 months
Above 36 months upto 60 months
Above 60 months
IB Vehicle Loan #
(Sanctioned prior to 01.05.2012 and
reset on or after 07.10.2015)

Rate of Interest (BR + Spread + TP)

BR + Spread (0.50%) = 10.15% Fixed
BR + 5.00% + 0.25% = 14.90% Fixed
BR + 5.00% + 0.50% = 15.15% Fixed
BR + 5.00% + 0.75% = 15.40% Fixed

Four Wheelers (New Cars):

Repayment upto 3 years
Repayment above 3 years

10.65% Fixed
10.90% Fixed

Four Wheelers (Used Cars):

Repayment upto 3 years
Repayment above 3 years

11.95% Fixed
12.20% Fixed

Nano Car Loan

11.20% Fixed

Two Wheelers
12.95% Fixed
@ Reverse Mortgage Loan interest rate shall be subject to reset clause Interest reset at the end of
every 5 years based on the then prevailing Reverse Mortgage Interest on the date of reset.
# For vehicle loans sanctioned prior to 01.05.2012 Interest reset at the end of every two years
based on the prevailing vehicle loan interest rates on the date of reset. Vehicle Loans sanctioned
from 01.05.2012 carry variable interest rates.