India Post Payments Bank (IPPB) serves as a nationwide financial connector. It links customers with partner banks through its Loan Referral Services to make credit more accessible, even in the remotest corners of India. Depending on the loan type and partner bank, the applicable interest rates generally range between 7% and 25% per annum, making it comparable to standard retail loan offerings in the market.
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Investment Plans
Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^On premiums (under 80C) and on maturity (under
10(10D))
India Post Payments Bank does not directly finance an IPPB Loan. Instead, IPPB is a facilitator, connecting customers with partner banks and NBFCs that provide the loans. With the support of IPPB’s vast postal network and digital platforms, customers across rural and semi-urban areas can access different loan categories conveniently. Below are some key Post Office loan options available through IPPB:
Personal Loan: For short-term needs like medical expenses, education, or travel.
Home Loan: For purchasing, constructing, or renovating houses with long repayment options.
Vehicle Loan: Financing for two-wheelers and four-wheelers with flexible EMIs.
Gold Loan: Quick funds against pledged gold ornaments with minimal paperwork.
Kisan Credit Card (KCC) Loan: For farmers to cover cultivation, equipment, and allied agricultural costs.
Business Loan: For MSMEs and entrepreneurs to manage working capital or expansion needs.
Loan Against Property: Large-value loans secured by residential or commercial property.
Key Benefits of IPPB Loans
IPPB makes borrowing simple and accessible by connecting customers with trusted lending partners. Below are some of the main advantages:
Pan-India Reach: Loans available through more than 1.5 lakh Post Offices, including rural and remote areas.
Wide Loan Choices: Options for personal, business, agriculture, and property needs under one platform.
Digital and Doorstep Service: Apply online, via mobile app, or at the nearest Post Office with doorstep assistance.
Trusted Lending Partners: Loans are facilitated through reputed banks and NBFCs, ensuring credibility.
Simplified Process: Customers save time by applying through IPPB instead of visiting multiple banks.
Types of IPPB Loan Referral Services
Below are the main loan categories of the Post Office loan scheme, along with their partner banks and applicable interest rates:
Loan Type
Lending Partner
Interest Rates
Personal Loan
FIBE
1.5% to 2.5% pm
HDFC Bank
10.5% to 25%
Aditya Birla Capital Ltd
11% to 24%
Home Loan
HomeFirst Finance
10.5% to 4%
Aadhar Housing Finance
12% and above
HDFC Bank
8.5% to 10%
Aavas Financiers Ltd.
10% to 14%
Vehicle Loan
HDFC Bank Two-Wheeler Loan
14.5% and above
HDFC Bank Auto Loan
8.3% to 11%
Gold Loan
HDFC Bank
8.3% to 16.55%
Kisan Credit Card Loan
HDFC Bank
7% to 18.75%
Business Loan
HDFC Bank
10% to 22.5%
Loan Against Property
HomeFirst Finance
14% – 17%
Aadhar Housing Finance
15.75% and above
Aavas Financiers Ltd
14% – 18%
How to Apply for an IPPB Loan?
IPPB makes the loan application process simple and convenient. Customers can apply online through digital platforms or offline at their nearest Post Office branch.
Online Application
Below are the steps to apply for an IPPB loan digitally using the website or mobile app:
Access the Platform: Visit the official IPPB website or download the IPPB Mobile Banking App.
Select Loan Category: Choose the loan type you wish to apply for (personal, home, vehicle, etc.).
Fill the Application Form: Enter your personal and financial details as required.
Submit Documents: Upload Aadhaar, PAN, income proof, and other relevant documents.
Referral to Partner Bank: IPPB forwards your application to the lending partner for processing.
Verification and Disbursal: Partner bank checks eligibility and disburses funds once approved.
Offline Application
If you prefer visiting in person, here’s how you can apply for an IPPB loan at a branch or Post Office:
Visit a Post Office: Go to the nearest IPPB branch or Post Office offering loan referral services.
Request Loan Assistance: Inform the staff about the loan type you want to apply for.
Provide Documents: Submit necessary KYC and income-related documents.
Processing by IPPB: The staff inputs your details and refers the application to a partner bank.
Bank Verification: The partner bank evaluates your eligibility and informs you of the outcome.
Loan Disbursal: The bank transfers the loan amount directly to your account upon approval.
Key Takeaways
IPPB Loans provide customers a convenient way to access credit through trusted partner banks and NBFCs. With interest rates ranging from 7% to 25% per annum, individuals and businesses can choose from various loan options, including personal, home, vehicle, gold, business, property, and Kisan Credit Card loans. The process is simple, available both online and offline, and supported by IPPB’s wide network of Post offices, making credit more accessible across India.
FAQs
What is an India Post payment bank loan?
An IPPB Loan is a credit facility accessed through India Post Payments Bank’s Loan Referral Services, where the loan is processed and disbursed by partner banks or NBFCs.
What is the interest rate range for IPPB Loans?
The rates vary depending on the loan type and lending partner, generally between 7% and 25% per annum.
Which types of loans are available through IPPB?
Through its Loan Referral Services, IPPB provides access to various loans, including personal, home, vehicle, gold, business, and loans against property and Kisan Credit Card (KCC).
How can I apply for an IPPB Loan?
You can apply online via the IPPB website or mobile app, or offline by visiting the nearest IPPB branch/Post Office.
Q. Who are the lending partners of IPPB?
IPPB works with reputed banks and NBFCs such as HDFC Bank, FIBE, Aditya Birla Capital, HomeFirst Finance, Aadhar Housing Finance, and Aavas Financiers Ltd.
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Past 10 Years' annualised returns as on 01-10-2025
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).
Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
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