If you suddenly need money and don’t want to run around to banks, India Post Payment Bank (IPPB) can be a perfect choice. With IPPB, you can get a personal loan ranging from ₹50,000 to ₹40 lakh, and the best part—the entire process is online. This means people in rural areas can also benefit from this service without any hassle.
Why Choose India Post Payment Bank Loan?
- Wide reach in both rural and urban areas through India’s extensive post office network.
- Government scheme payments are directly credited to these accounts, ensuring better banking access.
- Salaried employees, self-employed individuals, and business owners—anyone can apply via the IPPB mobile app or official website.
Interest Rates and Conditions
- Interest rates depend on your income, credit score, and financial profile.
- To know the exact rate, you can contact the IPPB branch manager or check through the official website/app.
- The final interest rate is decided after eligibility verification.
Eligibility Criteria
- Must be an Indian citizen
- Must have a stable source of income
- Both salaried and self-employed individuals can apply
- Age between 18 to 60 years
Required Documents
- Aadhaar Card
- PAN Card
- Address Proof
- Bank Passbook
- Passport-size Photo
- Mobile Number and Email ID
How to Apply for IPPB Loan (Step-by-Step)
- Visit the official IPPB website
- Go to the Service Request section
- Select either Customer or Non-Customer option
- If you already have an account, select Customer
- In the Doorstep Banking section, choose Personal Loan Application Form
- Fill in your name, address, email, and other details correctly
- Enter the captcha and submit the form
- A bank officer will contact you for further process
- Once approved, the loan amount will be credited directly to your account