IPPB enables customers to access personal loans conveniently through its referral program with trusted partner banks and NBFCs. Each partner has its own personal loan interest rate. For example, Fibe offers loans at 1.5% to 2.5% per month in selected locations.
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An IPPB Personal Loan is a facility offered through India Post Payment Bank loan referral services. Instead of lending directly, IPPB connects customers with trusted partner banks and NBFCs that provide personal loans. These loans are unsecured, meaning borrowers don’t need to pledge collateral. They can be used for multiple purposes, such as medical emergencies, weddings, education, travel, or debt consolidation. With flexible repayment tenures and simple EMIs, personal loans through IPPB are a convenient way to access funds when needed.
Key Benefits of IPPB Personal Loan?
Customers prefer IPPB’s personal loan referral services due to the following advantages:
Trusted Lending Partners: Collaborations only with established banks and NBFCs ensure reliability and credibility.
Hassle-Free Application: Customers can apply online, at the nearest Post Office, or with assistance from Postmen and GDS agents. With the Rin Setu application, generating leads for all types of loans becomes even simpler and more convenient.
Doorstep Accessibility: Rural and semi-urban borrowers benefit from on-the-spot support without visiting a bank branch.
Competitive Interest Rates: Multiple lending partners allow customers to compare and select affordable loan options.
Wide Service Reach: With pan-India coverage, customers across cities, towns, and villages can benefit from the service.
Transparent Process: Clear communication and defined steps ensure customers know their options at every stage.
Partner Banks and NBFCs with IPPB
IPPB has partnered with leading financial institutions to offer a Post Office loan scheme. These institutions come up with the following interest rates:
Lending Partner
Interest Rate
Service Locations
Fibe
1.5% to 2.5% per month
Selected Locations
HDFC Bank*
10.50% to 25% p.a. (fixed)
Pan India
Aditya Birla Capital Ltd
11% to 24% p.a.
Pan India
*IPPB Personal Loan interest rates as of September 26, 2025
*HDFC Bank loans are not available through online referrals.
How to Apply for an IPPB Personal Loan?
IPPB provides two convenient ways to apply for a personal loan referral. Customers can use the online Loan Referral Service Request Form or choose offline support through Post Offices, Postmen, and GDS agents.
Online Application Process
Borrowers who prefer digital convenience can complete their loan referral request online. The process involves the following steps:
Access the Loan Referral Form: Visit the official IPPB portal and open the Loan Referral Service Request Form.
Select Loan Type and Lending Partner: Choose "Personal Loan" as the loan type and select the lending partner of your choice.
Fill in Personal and Contact Details: Enter details such as salutation, first and last name, mobile number, email, and complete address.
Enter Nearest Post Office and Linked Branch: Provide information about your nearest Post Office, linked IPPB branch, division, region, circle, and state.
Review and Confirm Details: Verify all the entered information carefully before moving to the final submission stage.
Submit the Form with Consent: Add any specific request, agree to the terms and conditions, provide consent for communication, and click submit. A nominal doorstep charge may apply as per the official schedule of charges.
Offline Application Process
For customers who prefer in-person support, IPPB offers an offline application route. The steps are as follows:
Visit the Nearest Post Office: Customers can approach the closest Post Office and request a personal loan referral through IPPB.
Seek Assistance from Postmen and GDS Agents: Trained Postmen and Gramin Dak Sevaks are available to help customers complete the referral process.
Rin Setu Application Support: GDS and Postmen enabled with the Rin Setu application can generate leads for personal loans and other loan categories.
Provide Basic Information: Applicants must share details such as name, address, mobile number, and preferred loan partner to initiate the request.
Submit Required Documents: Depending on the partner bank or NBFC, customers may need to provide basic KYC documents for verification.
Doorstep Service Facility: Postmen and GDS agents provide doorstep support in many regions, ensuring that rural and semi-urban customers can apply without visiting a bank.
Things to Consider Before Applying
Customers should know the following key considerations before moving forward with an IPPB personal loan referral:
Higher Interest Rates: Personal loans usually carry higher interest rates than secured ones, making them more costly.
Repayment Capacity: It is essential to carefully assess your income and expenses to ensure you can manage the EMIs comfortably.
Approval and Disbursal: The approval process, loan amount, and disbursal are entirely at the discretion of the partner bank or NBFC. IPPB does not take part in this decision.
Loan Terms and Charges: Customers should thoroughly review the terms, charges, and conditions attached to the loan before finalising the application.
Wrapping Up
IPPB Personal Loan provides a convenient way for customers to connect with trusted banks and NBFCs for their financial needs. With flexible usage, multiple lending partners, and online and offline application options, the process is designed to be simple and accessible. While interest rates may be higher than secured loans, careful planning and informed decision-making can make personal loans a practical solution. You can also consider secured borrowing options, such as a credit card on FD from banks like SBI.
FAQs
Does IPPB provide personal loans directly?
No, IPPB does not disburse loans directly. It acts as a referral platform and connects customers with partner banks and NBFCs.
What are the interest rates for IPPB personal loans?
Interest rates vary by lending partner. For example, FIBE offers personal loans at 1.5%–2.5% per month in selected locations.
How can I apply for a personal loan through IPPB?
Customers can apply online via the Loan Referral Service Request Form, visit the nearest Post Office, or take assistance from Postmen and GDS agents.
Is collateral required for IPPB personal loans?
No, IPPB personal loans are unsecured and do not require any collateral.
How long can a loan be approved and disbursed?
The approval and disbursal timeline depends on the partner bank or NBFC. Funds are usually released within a few working days once eligibility is confirmed.
˜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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