Personal Loan
Overview
To meet unexpected financial exigencies or come out of high priced Credit Cards funds, you can avail IDBI Bank’s Personal Loan. These personal loans are quickly processed with hassle free procedure and are available at competive interest rate. Personal Loan comes in handy in a lot situations like
Medical Emergency
Home Renovation
Marriage in a family
Managing Margin Money
Travel
Urgent Educational Needs
Urgent Hospitalisation Expense
Earnest Money for land
Types of Personal Loan
Features And Advantages
Eligibility All salaried customer having corporate salary account account with IDBI BankI. All Confirmed/permanent employees of State/Central/ PSU/ Departments, Multi National Companies, Listed Companies, Reputed Pvt Ltd Companies with or without existing relationship with IDBI Bank. All pensioners having account with IDBI Bank. Minimum salary/Pension- Rs. 1,80,000/- Per Annum for Salaried Class/Pensioner
- For salaried:
- Minimum Age : 21 Years
- Maximum age at termination of loan should not be above 60 years or date of retirement, whichever is earlier.
- For pensioners:
- Minimum Age: At the start of pension
- Maximum Age: 75 years at the termination of loan
- Minimum : 12 months
- Maximum : 60 months
- Minimum Amount : Rs. 25,000/-
- Maximum Amount : Rs. 3,00,000/- (Pensioner) / Rs. 5,00,000/- (Salaried)
- Fixed Rate
- 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.
- Foreclosure:
- Within Twelve months from the disbursement date:2% of the outstanding loan amount
- Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
- After 24 months : Nil
- Part payment:
- Within Six months from the disbursement :2% of the outstanding loan amount
- After Six months of disbursement: Nil
- Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
- Part payment allowed maximum 3 times in a year with minimum interval of 90 days.
- The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.
Features And Advantages
Eligibility Self Employed Professional having Asset/Liability relationship with IDBI Bank. Minimum Income- Rs. 3,60,000/- Per Annum
- Minimum Age : 25 Years
- Maximum age at termination of loan should not be above 65 years
- Minimum : 12 months
- Maximum : 60 months
- Minimum Amount : Rs. 25,000/-
- Maximum Amount : Rs. 5,00,000/-
- Fixed
- 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.
- Foreclosure:
- Within Twelve months from the disbursement date:2% of the outstanding loan amount
- Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
- After 24 months : Nil
- Part payment:
- Within Six months from the disbursement :2% of the outstanding loan amount
- After Six months of disbursement: Nil
- Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
- Part payment allowed maximum 3 times in a year with minimum interval of 90 days.
- The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.
Features And Advantages
Eligibility Self Employed Non Professional having Asset/Liability relationship with IDBI Bank. Minimum Income- Rs. 5,00,000/- Per Annum for Self Employed Non Professionals
- Minimum Age : 21 Years
- Maximum age at termination of loan should not be above 65 years
- Minimum : 12 months
- Maximum : 60 months
- Minimum Amount : Rs. 25,000/-
- Maximum Amount : Rs. 5,00,000/-
- Fixed
- 1 % of the loan amount subject to minimum Rs.2500/- plus applicable taxes.
- Foreclosure:
- Within Twelve months from the disbursement date:2% of the outstanding loan amount
- Between 12 months to 24 months from disbursement date:1% of the outstanding loan amount
- After 24 months : Nil
- Part payment:
- Within Six months from the disbursement :2% of the outstanding loan amount
- After Six months of disbursement: Nil
- Maximum part payment allowed is 10 % of the outstanding loan amount subject to minimum of Rs. 10,000/-
- Part payment allowed maximum 3 times in a year with minimum interval of 90 days.
- The existing loan account holders with minimum 12 months and with clear repayment track record will be eligible for top up loan facility.
Features And Advantages
Eligibility Permanent Employee, with a minimum one year of continuous service of the below mentioned Organizations /Companies : PSUs/Govt./Semi-Govt./Quasi Govt, Public Ltd Co, Private Ltd Co, Multinational Co, Reputed Institutions. This type of Personal Loan is available to Salaried customers maintaining salary account with IDBI Bank. Minimum Salary- Rs. 1,80,000/- Per Annum for Salaried Class
- Minimum Age : 22 Years
- Maximum age 65 Years at loan maturity or retirement age whichever is earlier.
- The overdraft facility would be valid for 2 years; renewable every two years
- Upto Five times of net salary (based on previous six months average salary)
- Floating
- Nil
- No Part Payment or Foreclosure Charges
Features And Advantages
Eligibility This facility is extended to customers maintaining their pension account with IDBI Bank Ltd. Minimum Income- Rs. 1,80,000/- Per Annum
- Minimum age: At the start of pension.
- Maximum: Should not exceed 75 Years at the time of loan maturity.
- OD valid for 1 year and thereafter renewable every year
- Upto five times of net income
- Floating rate of Interest
- Nil
- No Part Payment or Foreclosure Charges
Note
How To Apply
Get a Personal Loan in 3 easy steps.01. Get In Touch
Call on our Phone Banking numbers - Toll Free -
1800-209-4324
⛦ 1800-22-1070 (24x7 serv🎶ice)