TATA CAPITAL
Check Eligibility, Get Instant Approval in 2 minutes and Disbursal in 3 Hrs*
10.99% - 29.00%
Upto 3.00%
Upto Rs.35L
Upto 6 Years
Apply Online for IDBI Bank Personal Loan
Apply online for an IDBI Bank and experience quick, hassle-free approval with minimal documentation. IDBI Bank is designed to meet your financial needs, whether for home renovation, medical expenses, travel, or debt consolidation.
- Interest Rate 11.0% onwards
- Maximum Loan ₹ 5 Lacs
- Processing Fees 1 %
- Maximum Loan Tenure 1 to 5 years
1+ Million
Happy Customers
Rs. 250+ crore
Monthly Personal Loans Disbursal
Wide Range of 60+
Partner Banks & NBFCs
Support team 700+
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)
-
What are the limits on my loans?
Ans: Your income and ability to repay the loan would decide your personal loan limit.
-
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.
-
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.
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
IDBI Bank Personal Loan EMI Calculator
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