IDBI Bank Personal Loan
IDBI Bank provides personal loans at very attractive interest rates starting from 11.00% for loans of up to ₹5 lakh with a repayment term of up to 5 years. IDBI Bank offers easy funding for all kinds and purposes, including travel, home renovation, education, and medical emergencies, with swift approval and minimum documentation. Some other benefits that borrowers enjoy are flexible repayment plans, arrangements for several pre-payments, and top-up loans.
How to apply for IDBI Bank personal loan:
These are the three easy steps to apply for a personal loan:
A. You can call on phone banking numbers: 1800 209 4324, 1800 22 1070
B. You can visit the bank branch to apply for personal loan
C. You can expect to receive a call back to explain the process.
IDBI Bank Personal Loan Interest Rate Characteristics:
These are some of the key characteristics of IDBI Bank personal loan:
Flexible tenure: Choose the repayment term up to five years as per your convenience.
Minimal documentation: Simple and quick documentation and smooth processing.
Part prepayment facility: You can save a part of your interest burden by opting for prepayment of the loan.
Top-up loan option: Existing borrowers can apply for another loan in addition to an existing personal loan.
No collateral: A safe loan demands no security or guarantors.
IDBI Bank Personal Loan Interest Rates 2024
IDBI Bank charges an interest in the range of 11 to 15.50 percent.
What are the documents required to apply for a personal loan?
One has to fill the loan application form along with identity and residence proof, latest salary slips, form 16, last six months’ bank statement and passport size photo.
IDBI Bank Personal Loan Interest Rate Fees and Charges
Other Charges
Penal Interest charges on Overdue amount for delayed period 36 per cent Per annum |
IDBI Bank Personal Loan Eligibility
The personal loan can be applied by all salaried customers having corporate salary account with IDBI Bank, all confirmed/ permanent employees of state/central/PSU /department/ MNCs/ listed companies/ reputed private sector companies with or without existing relationship with IDBI Bank, and all pensioners having account with IDBI Bank.
Minimum salary is ₹1.8 lakh per annum for salaried class/pensioner. The minimum age is 21 and maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier. The minimum loan tenure is 12 months while the maximum tenure is 60 months.
https://www.idbibank.in/personal-loan.aspx#homeOverview
IDBI BANK Personal Loan EMI Calculator
When you enter the details relating to personal loan such as loan amount, tenure of loan and interest rate, you can find out the EMI of loan that you will have to pay. This can help you manage your finances well in advance.
Link to IDBI Bank Personal Loan EMI Calculator Landing Page:
https://apps.idbibank.in/loan-calculator.asp?prd=PL&token=
Calculate EMI on Personal Loan
Loan Amount
₹
Rate of Interest
%
Loan Duration
Months
EMI Payment Schedule
Other banks’ Personal Loan Interest Rates
| Bank | Interest rate |
|---|---|
State Bank of India | 11.45% onwards |
HDFC Bank | 10.85% onwards |
Bank of Baroda | 11.15% onwards |
Axis Bank | 11.1% onwards |
ICICI Bank | 10.85% onwards |
IDFC Bank | 10.99% onwards |
IndusInd Bank | 10.49% onwards |
PNB Bank | 11.15% onwards |
Union Bank of India | 11.50% onwards |
Yes Bank | 11.25% onwards |
Bank of India | 10.85% onwards |
Canara Bank | 10.70% onwards |
Kotak Mahindra Bank | 10.99% onwards |
Federal Bank | 11.49% onwards |
Indian Bank | 10.75% onwards |
IDBI Bank | 11.00% onwards |
| AU Bank | Based on customer’s profile |
Source: Bank’s website