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Idbi Bank Personal Loan Details With Interest Rate

Kindly Check Complete Details For Idbi Bank Personal Loan.


Idbi Bank
Personal Loan
12.55%
2%
50,000-10 lacs
12-60 months
Full Details for Idbi Bank Personal Loan

 IDBI Bank Personal Loans

To meet unexpected financial exigencies or come out of high priced Credit Cards funds, you can avail IDBI Bank’s Personal Loan. Be it a marriage in family, renovation of house, meeting urgent educational / hospitalization expenses or travel abroad At times, personal Loan comes handy while arranging for Earnest Money to apply for a Plot / House, or to manage Margin Money funding to avail of a Home Loan / Loan Against Property. 

Personal Loan from IDBI Bank is targeted to the Salaried Individuals , Self Employed Professionals (SEPs) & Pensioners 

Following are the variants of Personal Loan: 

  • Personal loan to Salaried Individuals, Self Employed Professionals (SEPs) & Pensioners
  • Salary Account with In-built Overdraft facility 
  • Pension Account with in-built Overdraft facility to Pensioners of IDBI Bank Ltd

The IDBI Bank Personal Loan Features -

IDBI Bank is considered to be one of the best emerging  public sector banks in India and is covered under Fortune 2000 Top Companies of the world. IDBI Bank, as mentioned above has advanced technology and its products have pioneering and unique features. The products are designed in such a way that it suits almost all the segments of individuals.

Personal Loans are given to:

  • Salaried Individuals
  • Self Employed Professionals.
  • Pensioners.
  • Salary Account with In Built Overdraft Facility.
  • Pension Account within Built Overdraft Facility to Pensioners of IDBI Bank Ltd.

What is the eligibility criteria for IDBI personal loan?

  • For personal loans for salaried and self-employed professionals
  1. Aged between 22 years and 58 years.
  2. (Salaried) At least 20,000 Annual Average Balance 
  3. (Self-employed) AAB of 25,000, and at least 2,40,000 in annual net income.
  4. Minimum loan amount is 50,000 and maximum loan amount of 10,00,000.
  5. The maximum available loan duration here is 60 months.
  6. After 12 months of uninterrupted loan repayment, customers will have the option of availing a Top-Up Loan.
  • For salaried in-built OD a/c and in-built OD IDBI Pensioners a/c
  1. Aged between 22 years and 58 years. Age up to 70 years for IDBI pensioners.
  2. Maximum loan amount is 5 times of net salary.
  3. Overdraft facility of 1 year for IDBI pensioners, 2 years for salaried account holders.

To Check your Eligibility Status Check Online Here

IDBI Bank Personal Loan Interest Rates

The following rate of interest will be applicable:

  •  For customers who are salaried and earning pensions and therefore maintaining salary and pensions accounts respectively,  with IDBI bank,  its 12.99% (Fixed).
  • For customers who are salaried  but not maintaining salary accounts with the bank and self employed professionals who has a liability relationship with IDBI bank, its 13.49% (Fixed).
  •  Individuals who are salaried and self employed professionals who have taken home loan or loan against property from the bank full disbursed, its 12.49% (Fixed).

Schedule of Charges
 

Processing Fee

 

  • Salaried as well as Self Employed Professionals

1% of the loan amountalong with   Taxes

  • Overdraft Facility to IDBI Bank Pensioners

Nil, however the actual document charges are to be borne by the customer

  • Salary Account with in-built overdraft facility

Nil, however the actual document charges are to be borne by the customer

Prepayment/ Part Payment Charges

 

  • Prepayment

 

  • Within 6 months from disbursement

2% of the outstanding loan amount plus taxes

  • After 6 months of disbursement

Nil

 

 

  • Part Payment

 

  • Within 6 months from disbursement

2% of the outstanding loan amount plus taxes

  • After 6 months of disbursement

Nil

*No other loan will be given to the customer for a period of 12 months from the date the part payment/pre payment  in such cases.

 

Penal Interest Charges on Overdue amount

 

  • Personal Loan

3% per month for the overdue amount and period overdue

  • Overdraft facility to IDBI Bank customers

2.5% per month for the overdue amount and period overdue

  • Salary Account with in-built overdraft facility

2.5% per month for the overdue amount and period overdue

Swapping of PDCs / ECS

Rs 575/-

Duplicate copy of credit information which are being obtained from CIBIL 

Rs 50/-

Re issuance of Demand Draft or Pay Order

Rs 115/-

Duplicate Statement Charges

Rs 115/-

Default in EMI for reasons which are for the within the control of the borrower

Rs 300/-


How to calculate Interest/EMI on IDBI Personal Loan
You can calculate your personal loan EMI payments using any online Personal loan EMI Calculator. Using the calculator helps with proper planning of your finances, and helps you know what exactly your monthly outgo will be.

Want to Apply for IDBI Personal Loan

For applying online, please Click here

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