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:
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:
What is the eligibility criteria for IDBI personal loan?
To Check your Eligibility Status Check Online Here
IDBI Bank Personal Loan Interest Rates
The following rate of interest will be applicable:
Schedule of Charges
Processing Fee |
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| 1% of the loan amountalong with Taxes |
| Nil, however the actual document charges are to be borne by the customer |
| Nil, however the actual document charges are to be borne by the customer |
Prepayment/ Part Payment Charges |
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|
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| 2% of the outstanding loan amount plus taxes |
| Nil |
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| 2% of the outstanding loan amount plus taxes |
| 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 |
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| 3% per month for the overdue amount and period overdue |
| 2.5% per month for the overdue amount and period overdue |
| 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