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.NoCategoriesData
1Loan amount50,000 Rs to 10 Lakh Rs
2Interest rateUp to 14%
3TenureTill 60 months
4Processing chargeUp to 2% plus extra
5Age 20 to 60 years
6Lowest EMI 2100 Rs per lakh
7Any prepayment feesUp to 2%
8Penal interest4% per annum
9Cheque swap charge250 Rs + GST
10Income15,000 Rs or above

Steps to register for Personal Loan

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

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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
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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.NOBanksRate of InterestMax LoanProcessing Charges
1IndusInd bank11 percentUp to 10 lakh 2%
2TATA Capital Bank10.89 percentUp to 20 lakh2.5%
3HDFC Bank11 to 26 percentUp to 40 lakh2.5%
4Axis Bank10.49 to 24 percentUp to 15 lakh2%
5State Bank of India (SBI)9.6 to 13.8 percentUp to 20 lakh2.4%
6Bajaj13 percentUp to 25 lakh3.99%
7PNB7.9 to 14.5 percentUp to 20 lakh2.5%

Contact Details

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

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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.

2 thoughts on “Upto Rs.10 Lakh – IDBI Personal Loan | Apply Now”

    • Get the loan details from our website later visit the bank website, there may be a personal loan section on each bank website select it and proceed further they will contact you.

      Reply

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