Upto Rs.10 Lakh – IDBI Personal Loan | Apply Now

IDBI has over 3500+ branches present in 34 states/territories in India. To search for branches, one can just type in the Branch IFSC code, phone number, etc. to get an idea about every branch near you.

In this post, we will cover the details regarding IDBI bank of what documents are needed, eligibility, loan details, features, process, contact information, etc.

Loan Details

Sl.No	Categories	Data
1	Loan amount	50,000 Rs to 10 Lakh Rs
2	Interest rate	Up to 14%
3	Tenure	Till 60 months
4	Processing charge	Up to 2% plus extra
5	Age	20 to 60 years
6	Lowest EMI	2100 Rs per lakh
7	Any prepayment fees	Up to 2%
8	Penal interest	4% per annum
9	Cheque swap charge	250 Rs + GST
10	Income	15,000 Rs or above

Steps to register for Personal Loan

Step-1: Explore the official webpage of IDBI Bank (https://www.idbibank.in/)

Step-2: Click on the option namely “Net Banking” on the right of your screen

Step-3: From the dropdown menu, select the “Personal” option and then login into your account using your credentials

Step-4: Now you’re registered and you can explore your account as per your needs

IDBI Personal Loan Features

• Tenure is flexible based on the applicant’s ability to repay.
• Amount of the loan is maximum 10 lakhs to fulfill one’s needs.
• Process is simple and available digitally.
• Accident insurance is offered for free.
• Processing charges are comparatively lower than other banks.
• Various options available for approving personal loans.

IDBI Eligibility Criteria

For salaried applicants

1. Minimum income should be 1.8 lakhs per annum
2. Age should be between 21 to 60
3. Salaried applicants must have a corporate salary account with IDBI Bank

For self-employed applicants

1. Minimum income should be of 3.6 lakhs per annum
2. Age should be between 21 to 60
3. Self-employed applicants should possess an asset with IDBI Bank

For pensioners

1. Maximum age should not exceed 75
2. Every pensioner must hold a pensioner account with IDBI Bank

Documents Required for IDBI

For salaried applicants

1. Filled-up application form
2. Passport sized photographs (2)
3. Identity proofs (Adhar card/PAN card/Driving license)
4. Residential proofs (Ration card/Passport)
5. Income documents (salary slips/Bank statements)

For self-employed applicants

1. Filled-up application form
2. Passport sized photographs (2)
3. Identity proofs (Adhar card/PAN card/Driving license)
4. Residential proofs (Ration card/Passport)
5. Income documents (ITR/Assets/Bank statements)

For pensioners

1. Filled-up application form
2. Passport sized photographs (2)
3. Identity proofs ( Adhar card/PAN card/Driving license )
4. Residential proofs ( Ration card/Passport )
5. Income documents ( ITR/Third-party guarantor signature/Liabilities statement )

Comparison of IDBI Loan with other banks

SL.NO	Banks	Rate of Interest	Max Loan	Processing Charges
1	IndusInd bank	11 percent	Up to 10 lakh	2%
2	TATA Capital Bank	10.89 percent	Up to 20 lakh	2.5%
3	HDFC Bank	11 to 26 percent	Up to 40 lakh	2.5%
4	Axis Bank	10.49 to 24 percent	Up to 15 lakh	2%
5	State Bank of India (SBI)	9.6 to 13.8 percent	Up to 20 lakh	2.4%
6	Bajaj	13 percent	Up to 25 lakh	3.99%
7	PNB	7.9 to 14.5 percent	Up to 20 lakh	2.5%

Contact Details

Toll free customer number: 1800-209-4324 and 1800-22-1070 (24×7 available)

Non-toll-free customer number: +91-22-67719100

E-mail: idbicards@idbi.co.in

Official Website: Visit now

Check Application Status of IDBI

After applying for a personal loan from IDBI Bank you need to check out whether the bank has approved your loan or not. Click on the button given below to check the application status.

FAQs

1]. What kinds of personal loans can be availed by me from IDBI?

You can avail of Pension account over-draft and fixed-rate personal loans

2]. What loan tenure is available to me?

Your loan tenure ranges between 12 to 60 months.

3]. Is there any kind of collateral security essential to get a loan from IDBI Bank?

A private loan from IDBI Bank requires nor collateral nor security.

4]. How can I repay any personal loan in IDBI Bank?

You can utilize the standard instructions set or can use the ECS amenity.