- Resident Indian Individual
- Age between 21 to 67 yrs.
- PAN card mandatory
- Salaried: Net annual income Rs.3,00,000/- or above.
Others: Net annual profit or gross taxable income Rs.3,00,000/- or above.
- Customer can have single application via ISB Bank LoanApp platform.
Online application is for single borrower, In case you want to add a second borrower kindly visit the Branch
- Last 6 months bank account statements
- Proof of Identity (any 1)
Aadhaar card/ Passport/ PAN/ Voters ID card/ Driving Licence etc
- Address Proof (any 1)
Property or Municipal Tax Receipt/ Pension or Family Pension Order/ Allotment Letter/ Utility Bill (Electricity/ Telephone/ Post Paid Mobile Phones/ Piped Gas/ Water Bill)
- Passport size photograph
- Income Proof:
Salaried: Latest Salary Slip, Form 16
Others: ITR for last 2 yrs
- Tax Proof:
Salaried: I.T. Returns/Form 16 for the last 2 yrs
Others: Audited Balance sheet, P&L statement for 2 yrs and any one of - Shop & establishment act certificate/ Sales Tax certificate/ SSI registered certificate/ copy of partnership
Interest Rate w.e.f. 01.04.2023 (1 yr MCLR is 7.00%) — Fixed Rate
(A) Current Rate of interest
CREDIT SCORE |
TERM OF THE LOAN |
3-5 years |
Above 5 years |
757 & ABOVE |
7.75% |
7.85% |
721-756 |
8.00% |
8.10% |
689-720 |
8.25% |
8.35% |
606-688 |
8.35% |
8.45% |
(B) Revised LoanApp Rate of interest
CREDIT SCORE |
TERM OF THE LOAN |
3-5 years | Above 5 years |
757 & ABOVE | 7.50% | 7.60% |
721-756 | 7.75% | 7.85% |
689-720 | 8.00% | 8.10% |
606-688 | 8.10% | 8.205% |
* NO FURTHER CONCESSION IS ALLOWED |
Processing Fee - 1%
Waived off till 31.03.2025