Salary Loan – IB Clean Loan to Salaried Class

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Salary Loan – IB Clean Loan to Salaried Class

Get quick salary-based loans for marriage, education, or medical needs with easy EMIs & low processing fees. Ideal for salaried professionals.

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Details for Salary Loan – IB Clean Loan to Salaried Class

The IB Clean Salary Loan is designed for salaried individuals to cover marriage, education, medical, or personal expenses. With affordable interest rates, minimal processing charges, and flexible repayment terms, this loan ensures ease without compromising your financial stability. A unique feature allows takeover of liabilities and ensures closure before retirement. Enjoy peace of mind with quick approvals and manageable EMIs while keeping at least 40% of your gross salary as take-home. Ideal for genuine, non-speculative financial needs.

Loan Amount

Not available

Interest Rate

10.50% to 14.50%

Age

  • Minimum Entry Age 21 years

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Required Documents

  • Proof of income (last six months’ Salary Slips showing all deductions or latest Form 16) duly attested by the employer
  • Proof of employment (copy of the employment order, Photo Identity Card issued by the employer, employee number etc)
  • Form 16 / ITR
  • PAN Card (mandatory)
  • KYC documents (like – Passport, Aadhar Card, Ration Card, Election ID, Driving License etc)
  • Authorization to debit SB account / ECS / NACH mandate.

Nature of Employment

  • Permanent Employees with minimum service/ experience of 2 years with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc.

Loan Processing Charges

  • 470/-

Minimum Work Experience

  • Permanent Employees with minimum service/ experience of 2 years with Govt./Quasi -Govt./ Boards/ Endowments/ reputed companies/ Corporate Industrial Establishments etc.

Features

  • For meeting Marriage/Educational and medical expenses, to celebrate family functions, for other household expenses or any other bankable purpose, but not for speculative purposes.
  • Take home pay (after proposed EMI) should not be less than 40% of the gross salary
  • Takeover of Liability
  • Repayment tenor will be fixed such that the loan is getting closed 3 months prior to superannuation

₹10,000₹1,00,00,000

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1 Year30 Years

Salary Loan – IB Clean Loan to Salaried Class EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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