IDBI Bank Personal Loan

With affordable interest rates, IDBI Bank offers personal loans. Additionally, IDBI Bank provides paperless digital loan processing along with online, quick personal loan. IDBI Bank with interest rates starting at 11.0% - 15.50% onwards. A maximum loan from Rs. 25,000 to 5 Lakhs with a maximum 1 to 5 year repayment period is available to you.

Interest Rate 11.0% - 15.50% onwards
Maximum Loan Rs. 25,000 to 5 Lakhs
Processing Fees 1 %
Maximum Loan Tenure 1 to 5 year

Loan Disbursal in 3 hrs*
100% Online Process

A Four-Step Guide to Efficient Financing

1
Complete Your Basic Details
2
Check Your Soft Eligibilty
3
Complete Your Details
4
Get Disbursal in account



IDBI Bank Personal Loan EMI Calculator

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Documents Required for IDBI Bank Personal Loan 

IDBI Bank Personal Loan documents required for applying  : 


  • The loan application is finished

  • Three passport-size photos

  • Identification documents with photos, such as a voter ID card, passport, driver's licence, or IT PAN card

  • A photocopy of a recent phone bill or an electricity bill is proof of residence.

  • Passbook and Account Statements for the Previous Six Months

  • For the past two fiscal years, salaried employees' Form 16/IT returns

  • IT returns over the past three years for independent contractors


Whether you earn a salary, are self-employed, or are retired, IDBI Bank loans offer hassle-free personal loans for any of your requirements. It offers up to Rs. 5 lakhs for a range of personal expenses, including weddings, house renovations, child's education, and other unforeseen expenses. IDBI Bank offers personal loans with an easy 5-year repayment period and interest rates starting at 11% pa. 

Feature and Benefits of IDBI Bank Personal Loan 

Following are the feature and benefit of IDBI Personal Loan  : 


Attractive Interest Rates: The IDBI Personal Loan has an interest rate that ranges from 10.50% to 13.25% annually.


Flexible Options for Repayment: The borrower has up to 60 months to repay the loan in equal monthly installments. You can select the duration based on your ability to make timely payments.


Easy Documentation : Just give the bank your ID, address, and income documentation to complete the loan verification procedure. The bank verifies your details using the paperwork before approving your loan.


Fast Processing and Disbursement: The processing of your loan could take up to 7 days, after which the money will be sent into your account. Furthermore, the procedure calls for the submission of documents and the payment of processing charges, among other things.


Process of applying IDBI Bank Personal Loan 

These are the steps you must take in order to IDBI Bank Personal Loan apply online  : 


  • Visit the official website Fincrif.com .

  • Firstly , login with your name and number .

  • Then fulfill your employment type.

  • Verify OTP.

  • Upload all the documents and submit .

  • Last , you will get a call from the Fincrif team and help you to proceed next.


Frequently Asked Questions ( FAQ ) 

  1.  What are the limits on my loans?

ANS. Your income and ability to repay the loan would decide your personal loan limit.

  1. Can the amount of the loan be calculated using my spouse's income?

ANS. Yes, as long as your spouse guarantees the loan or the loan is taken jointly, their income may be included.

  1. Do I need to provide security of any kind?

ANS. Security is unnecessary.


Enjoy the Convenience of Doorstep Services: If you have any questions or concerns about a personal loan, you may ask a bank executive to visit your home or place of business and address them right away.

Eligibility Criteria for IDBI Bank Personal Loan 

Here are the IDBI Bank Personal Loan eligibility: 


  • Between the ages of 21 and 60. Pensioners must be at least 75 years old.

  • Paid: Rs. 1.8 lakh per year.

  • Self-employed: Rs. 3.6 lakh per annum.

  • The minimum and maximum loan amounts are Rs. 25,000 and Rs. 5 lakh, respectively.

  • Here, 60 months is the longest loan term that is possible.

  • The option to obtain a Top-Up Loan will be available to consumers after 12 consecutive months of unbroken loan payments.

Fees and Charges of IDBI Bank Personal Loan 

Processing feeSalaried and SEP/SENP/Pensioners: 1% of the loan amount (minimum Rs. 2,500) + applicable taxes

Others: Nil
Part prepayment charges0% to 2% of the amount to be prepaid
Foreclosure charges0% to 2% of the outstanding balance
Penal Interest charges4% p.a. on the overdue amount & overdue period

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