IDBI Bank Personal Loan – Check Eligibility, Interest Rate & Documentation

Instant Approval
Minimal Documentation
Flexible Tenure Options

Apply online for a IDBI Bank personal loan and access quick funds with minimal paperwork. Compare eligibility, interest rates, and documents in one place. Ideal for home renovation, medical needs, education, weddings, travel, or debt consolidation. Enjoy fast approval, flexible tenure, and a smooth 100% digital process designed for convenience.

Interest Rate
11.0%
Loan Amount
₹ 5 Lacs
Processing Fees
1 %
Loan Tenure
1 to 5 years
Check the offer

Get a Personal Loan upto ₹25 Lakh in 30 Minutes*

100% digital and secure process, 45% lower EMIs starting at ₹1104/Lakh, Pay interest only on what you use with flexi loan.

Instant e-KYC No collateral Flexible tenure Trusted partner
Approval in 2 minutes & Disbursal in 30 Mins*
Disclaimer: Fincrif India Pvt Ltd is not associated with IDBI Bank for personal loans. Information here is for general guidance only. For official details, contact IDBI Bank directly.
1+ Million

Happy Customers

Rs. 250+ crore

Monthly Personal Loans Disbursal

Wide Range of 60+

Partner Banks & NBFCs

Support team 500+

Team Size of Experts

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: ₹ 1.8 lacs per year.

  • Self-employed: ₹ 3.6 lacs per annum.

  • The minimum and maximum loan amounts are ₹ 25,000 and ₹ 5 lacs, 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.

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

Fees and Charges of IDBI Bank Personal Loan

Interest rate 11.00%-15.50% p.a.
Processing fee Salaried and SEP/SENP/Pensioners: 1% of the loan amount (minimum ₹ 2,500) + applicable taxes

Others: Nil
Part prepayment charges 0% to 2% of the amount to be prepaid
Foreclosure charges 0% to 2% of the outstanding balance
Penal Interest charges 4% p.a. on the overdue amount & overdue period

Feature and Benefits of IDBI Bank Personal Loan

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 ₹ 5 lacs 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% p.a.

Feature and Benefits of IDBI Bank 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.

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.

EMI Calculator

Calculate Your EMI Instantly

A Multi-Purpose Loan EMI Calculator helps you estimate your monthly repayment amount before applying for a loan. Whether it’s for education, travel, wedding, home renovation, or business needs—know your EMI and plan smarter.

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