In light of a recent policy move by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), Indian Bank has reduced its home loan interest rates from 8.15 per cent per annum to 7.90 per cent and its vehicle loan interest rates from 8.50 per cent to 8.25 per cent.

In light of a recent policy move by the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI), Indian Bank has reduced its home loan interest rate from 8.15 per cent per annum to 7.90 per cent, and its vehicle loan interest rate from 8.50 per cent to 8.25 per cent.

This rate cut aims to provide relief to borrowers by lowering EMIs and promoting affordable access to credit, the bank said in a statement.

In addition to the reduced interest rates, Indian Bank is offering benefits such as discounted processing fees and zero documentation charges.

Published on April 24, 2025