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IDBI Loan Ratings
4.0 / 5.0 by 26 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

IDBI Loan Reviews

"For my fixed deposit opening, i did not apply on line, I directly visited the branch and on the same day within 30 minutes everything was completed. The executive were approachable and there was a detailed information provided. The way the customer service was very professional and i felt comfortable. I do get all information through email. Interest rate is too good compared with others."

Aruna Keerthy, Hyderabad
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What is a IDBI Loan?

A IDBI Loan is a transaction where the lender gives money to the borrower, to be paid back with interest in EMI's.

Types of IDBI Loans

Personal Loan, Home Loan, Car Loan, Loan against property, Gold loan, etc are various types of loans available in India.

How Bankbazaar helps you get a IDBI loan?

Bankbazaar helps you compare & apply real time IDBI loan rates & other fees from various banks.
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IDBI Loan Overview

IDBI 4.0 / 5.0 by 26 users  
Used this product? Write a review »
IDBI Loan Low interest rate Loan offers.

Looking for a Loan in India? Compare Personal Loan, Home Loan and Car Loan offers online at BankBazaar.com for India.

We can help you find the right loan deals in India. We work with major banks & financial institutes like HDFC Bank & Fullerton India who offer great personal loan deals at low interest rates with fast & simple online approval process. For Home Loans we work with HDFC Ltd, Axis Bank, ICICI Bank & others to get you the best home loan interest rates. To help you buy your dream car in India we work with Axis Bank and HDFC Bank to get you the best car loan interest rates.

Why Apply for a IDBI Loan on BankBazaar.com?
  • One stop shop for multiple products: Get best loan offers for personal loans, home loans and car loans at BankBazaar.com.
  • Lowest interest rates: We have coordinated with HDFC Bank, Fullerton, HDFC Ltd, Axis Bank & ICICI Bank to get you the lowest Personal Loan interest rates, Home Loan interest rates and Car Loan interest rates in India.
  • Instant Quotes: Get Loan quotes customized to your profile online instantly by filling in the form above.
  • Simple Online Comparison: Compare Loan offers on the basis of interest rate, EMI, processing fees & customer satisfaction.
  • Transparency: Aimed at helping you make the right choice, we provide objective and transparent information about your loan options.
  • Privacy: Your application is sent only to the lender you choose, and is never shared with anyone else.
  • Trust: Top private banks in India like HDFC Bank, ICICI Bank and Axis Bank uses BankBazaar.com-powered technology to give thier customers the best Loan experience on their websites. www.hdfcbanksmartapply.com, https://www.hdfcinstanthomeloans.com/home-loan/compare-interest-rates.html, https://loans.axisbank.com/ and https://loans.icicibank.com/
How to get a IDBI Loan in India on BankBazaar.com
  • Eligibility Calculator: Fill the form above to instantly get customized Loan quotes that you are eligible for.
  • Compare Loan offers: Compare customized Personal Loans, Home Loans and Car Loan offers in India from various banks based on your eligibility criteria and apply online for the one you like.
  • Your application will be sent electronically to the lender you chose. The lender will contact you within one day.
  • BankBazaar.com will update you on your loan application status via email & SMS alerts.

IDBI Loan FAQs

  1. What are the interest rates for IDBI Loans?
    Each bank will have different Interest rates. Interest rates will also vary depending on each individual’s eligibility criteria’s. Typically Interest rates start at 12% and can go up to 28%.

  2. How much money am I eligible for?
    You can borrow as much as you can repay. This in banking terms would mean a Loan that has an EMI that does not exceed 40% of your monthly take home income, where the EMIs for existing loans are also deducted.
    For self-employed applicants, profit is the benchmark that determines loan value. The longer the time frame for repaying the loan the lower the EMI and this also means you can opt for a larger loan amount. The loan amount you are eligible for is also dependent on other factors like the company you are employed with, the location of your residence and your credit history.

  3. Can I have a co-applicant for a IDBI Loan?
    Yes, you can opt for a co-applicant. This can help you increase the loan amount you are eligible for as the income of the co-applicant is also taken into consideration.

  4. What is credit history? How does a financial institution check on my credit history?
    A credit history is basically a record of your past repayments of loans and credit card bills. Also, there is a central bank of data available with the Credit Bureau of India Limited (CIBIL), where data from all the banks on existing loans and their repayment patterns of their customers are accumulated. Before approving your loan a financial institution always checks with CIBIL on your loan repayment track record.

  5. How can I compare quotes from multiple banks?
    One of the easiest ways to do this is to compare online. Find your Loan at BankBazaar.com to gain instant access to the best quotes from various lenders.

  6. What does prepayment charge mean? Does it matter while comparing loans?
    A Loan is repaid to the lender within a fixed time frame, which is usually 1 to 5 years. In case you want to clear the loan payment earlier than the agreed time frame, the bank levies a prepayment penalty charge. This could be up to 5% of the outstanding loan amount but can vary according to the bank and the credit profile of the borrower. Make sure the interest saved by pre-paying exceeds the prepayment fee paid. This is one of the factors to keep in mind while comparing loans.

  7. What is the difference between a fixed interest rate and floating interest rate?
    A fixed interest rate remains constant throughout the loan tenure regardless of the market conditions whereas a floating interest rate can decrease or increase depending on market fluctuations. For instance, it increases when RBI hikes up short term interest rates. Banks usually quote the floating rate loans as their index rate (prime lending rate) plus or minus x%. Banks usually increase or decrease their prime lending rate when the RBI increases or decreases short term interest rates.

  8. Does Bank Bazaar charge me for its services?
    BankBazaar’s services come to you free of charge.

  9. How will the security and privacy of my data be ensured?
    BankBazaar will never share your data with any third party other than the financial institution that you decide to apply to. Our sound technology practices ensure a highly secure environment for all your data.

IDBI Loan Eligibility & Documentation

Check IDBI Loans offers online

IDBI Loan Eligibility: You are eligible for a loan if you are:
  • Salaried individual
  • Self employed individual
  • Self employed professional like doctor, lawyer, etc.
  • Aged above 18 years
  • Have a good CIBIL credit score
  • Good repayment capacity with fixed & stable income source
  • Overall banks rating for the company you work for
  • Try our Personal Loan eligibility Calculator to check how much loan amount you are eligible for.

IDBI Loan documentation: IDBI loan documentation process is minimal and generally banks require the following document:
  • Identity proof (Pan card, Passport, etc.)
  • 3 to 6 months bank statement (if salaried then bank statement of your salary account)
  • Residence proof (rent agreement, property document, ration card, etc)
  • Salary Slips
  • In case of self-employed banks require balance sheets, profit & loss account, partnership deed & other documents etc.

IDBI Loan Interest RatesUpdated on 26 July 2014

Details of IDBI Loan

Personal Loan Interest Rate.(Monthly reducing balance)
14.25% to 49% fixed. Check Customized Interest Rates Now!
Processing Fees
1% to 5% of loan amount
Personal Loan Tenure
1 year to 5 years
Personal Loan Amount
Rs. 1 lakh to Rs. 20 lakhs
Pre-closure Charges
4% of pre-closed amount
Guarantor Requirement
No guarantor required

Details of Home Loan

Home Loan Interest Rate.(Monthly reducing balance)
10.5% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
0.5% to 1% of loan amount
Home Loan Tenure
1 year to 20 years
Home Loan Amount Funded
Up to 85% of property value
Pre-payment Charges
0% to 2% of amount being prepaid
Pre-closure Charges
0% to 2% of amount being preclosed
Guarantor Requirement
No guarantor required

Details of Car Loan

Car Loan Interest Rate.(Monthly reducing balance)
10.50% to 14.25% floating. Check Customized Interest Rates Now!
Processing Fees
Up to Rs. 3,650
Car Loan Tenure
1 year to 5 years
Pre-closure Charges
3% to 6% of foreclosed amount
Car Loan Amount
Varies based on car model. Up to 100% financing for pre-approved customers.
Guarantor Requirement
No guarantor required

Loan Articles

  • How Does Personal Loan compare to other loans!!!
    A personal loan is by nature an unsecured credit that is provided to an individual based on his personal capability of repayment. The process is extremely simple and fast provided that the requisite documents are in order when applying for the loan.
  • Know Your Personal Loan!
    The ease and simplicity associated with the personal loan along with no restrictions on the end usage makes it extremely popular option to raise funds when there is an urgent need. There are many doubts in the minds of applicants regarding the post disbursal procedure involved in a personal loan
  • Personal Loan criteria for the self employed
    One should opt for a personal loan only when all other means of availing funds have been exhausted and the need is pressing and situational. Taking a personal loan when the need is not justifiable or other means are available creates tremendous amount financial complications at a later stage.
  • How to calculate your loan eligibility!
    Most people who buy a home through a home loan are often left with little cash to carry out any further improvements in the house as per their requirements. Some opt for personal loans in order to make good this requirement.
  • Home loan document checklist for self employed!
    Every financial institution which deals in home loans has a specified set of requirements which are to be met by a borrower. When a borrower is found to be eligible for the loan, only then he is granted the amount applied for.
  • How to select your home loan lender?
    Getting a home loan approval can be a long and tiresome process especially if you are a self-employed professional or business owner. This is because many banks doubt business men for job continuity, as they are free to quit their jobs at any time. 
  • How to get a car loan faster!
    Getting a car loan is not supposed to be a Herculean task where the customer runs from pillar to post trying to negotiate a good deal and securing approval of the financing company.
  • Luxury car loans in India!
    The key to pushing up sales in this segment lies in creating unbeatable financing schemes that will lure the prospective customer from mid segment to luxury cars.
  • What is the application process for a car loan?!
    Applying for a car loan is relatively simpler as compared to a home loan primarily because the amount involved is less and the documents needed are much simpler to obtain.
  • Options for financing education abroad
    Studying abroad is expensive and at times the cost can be as high as six times that of the cost in India and hence planning needs to be done to ensure that sufficient funds are at disposal when needed. This is essential because to apply for the student visa, you need to show proof of funds sufficient to cover at least the first year of education.
  • Some basic facts about educational loans
    A ray of hope is seen with the availability of educational loans from various banks, which can fund an individual’s higher education. As these loans are not one of the ‘mainstream’ loans such as home loans or personal loans, people are hesitant or mostly unaware of such options. Here are answers to some generic queries that rise in regards to educational loans.
  • Education loans set to become more attractive!
    Typically interest rate on the education loan starts accumulating as soon as the course is over. Since interest during the moratorium period will be paid by the government, EMI for the borrower is set to fall. This will reduce pressure on his/her cash flows.
  • Education loan amount is to be correlated to repayment capacity
    According to a recent press report the revised education loan scheme implemented on all banks will make disbursal based on the repayment potential of the borrower. The education loans are not going to be offered based on the parental income or family wealth of the borrower which will be the decisive factor.

Loan Forum

IDBI   Loan Reviews
96 % of our customers would recommend this bank. (25 out of 26) Write Review
Customer Reviews
Page 1 of 2 1 2
  • Validated User
    (6)

    For my fixed deposit opening, i did not apply on line, I directly visited the branch and on the same day within 30 minutes everything was completed. The executive were approachable and there was a detailed information provided. The way the customer service was very professional and i felt comfortable. I do get all information through email. Interest rate is too good compared with others.

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    Fees & Charges
    Promised Interest Rate
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    Responsiveness
    took a Fixed Deposit from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    IDBI bank savings account they Internet banking is really good and the best part is that i can apply my cheque book through on-line and it would be delivered to my door step and i got sufficient number of ATM's, i get alert message for every transaction.

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    User has not used IDBI BANK Reviewed on
  • Best Service
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    PRABHAKAR REDDY, hyderabad
    Recommend Recommended by user
    Validated User
    (0)

    IDBI Bank Salary account is excellent, best thing i could say relationship manager is provided for every individual account holder for any queries which is so nice of it, i am using from past 3 years, i have no suggestion, on line banking is great with no extra for fund transfer to third party its perfect overall.

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  • Validated User

    I have recently availed a home loan from IDBI bank in the month of Mar'2014. It was really good banking with IDBI and representative who met me for collecting the documents was really helpful in guiding me to complete the loan process. Processing time was just 15 days and the rate of interest offered to me was absolutely lesser than other banks. Best part is there was no processing fees.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Satisfied with Service
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    VIPIN KUMAR SHARMA, ghaziabad
    Recommend Recommended by user
    Validated User
    (1)

    IDBI Fixed Deposit account, it was easy to open the account with in 5 min i got the account, best thing any time i can close my FD account there is no restrictions, interest rate is good at 9% provided, response was good from them i am fully satisfied with their service.

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    took a Fixed Deposit from IDBI BANK on BankBazaar.com Reviewed on
  • Good
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    ANAND NARKAR, mumbai
    Recommend Recommended by user
    Validated User
    (0)

    I am overall satisfied with the IDBI Bank salary account the net banking fund transfer is quick and i get alert message from the bank when ever i make a transaction and little disappointing with the number of ATM's, but when ever i call for any issues my queries get resolved in quick time.

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  • Full satisfaction
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    JAIKUMAR NILKANTAN IYER, nagpur
    Recommend Recommended by user
    Validated User
    (0)

    As the account holder of the IDBI bank, service was really good and excellent . There is no extra charges in terms of account. Easy payment options are flexible. On-line banking was user friendly. Phone banking unit performing great job by providing the good and accurate information to customers. Needs the locker facility ... otherwise full satisfaction in customer service...

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  • Overall Good Service
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    TAPAN KUMAR BEHERA, bangalore
    Recommend Recommended by user
    Validated User
    (2)

    IDBI Salary account it was perfect they were providing good service and good interest rate the disadvantage is for any changes need to visit branch only i am using from past 2 years they are always ready to help for any queries through continuous follow up by mails or calls it was good service.

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  • IDBI  Home Loan
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    DEBASHISH GHOSHAL, kolkata
    Recommend Recommended by user
    Validated User
    (0)

    I have House Loan from IDBI bank and its great. The payment processing is really good where payment is done with service tax and we get intimated about it so the customers are sure he/she would get a loan but in other banks its time consuming where there are quite formalities like legal documents, technical part then financial part and then the file getting rejected. It could be better if most of the banks follows this.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I hold savings account with IDBI bank for more than 5 years and i feel quite good. There is a facility of account opening with zero balance and there is no hidden charges. Only one thing is for updating entry in passbook it takes quite a long time like 1 day and its like we customers need to go within banking time but it would be good if they be quite ok on timings.

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  • Validated User
    (0)

    IDBI Salary Account overall good service i am using from past 1 year no problem at all only thing is mobile application is not connecting to all browser only to selected browsers it connects but its having good speed i am much satisfied with services..

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  • Validated User

    The house loan got disbursed from IDBI bank by 25th of April. I liked everything about it and especially about the Rate of interest i would say its more attractive and competitive with the market. They provide highest eligibility for the customers compared with other banks. One more thing i felt happy with this House loan is they provided more than the loan amount what i requested. Overall it was a good service.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    IDBI Salary Account Overall satisfied with service i am using from past 3 years no issues at all best feature is for fund transfer to add beneficiary it happens instantly only suggestion is loan process is not good they should provide loan for minimum salary holder also. ATMS are sufficient in my place on line banking is fast safe and secure overall satisfied with there service.

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  • Excellent
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    AJAY KUMAR VERMA, new delhi
    Recommend Recommended by user
    Validated User
    (0)

    I am overall satisfied with the IDBI Bank savings account I would say that they have a great bond with the customer relationship when compared with other banks,I get instant alert messages for all my transaction, I got sufficient number of ATM's.

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  • Excellent
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    SHASHANK KUMAR NAGAR, lucknow
    Recommend Recommended by user
    Validated User
    (5)

    I had a great experience in applying the housing loan from IDBI bank the processing and the documentation was very quick and the customer service executive Manisha who took the initiative in completing the process from day one till my loan amount got approved, and the whole process got completed in 15 days.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (0)

    I am holding a IDBI savings account and they can be better in terms of providing good service as they are not friendly, and the minimum balance is not up to the mark, and they can provide good offers and discounts and they can increase the number of atms also so that they can get more customers.

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  • Validated User
    (0)

    IDBI Salary account customer service and response is very good atms are less in my place that is only drawback I have apart from that its perfect I am using from past 3 years on line banking is fast safe and secure. Overall I am fully satisfied with service.

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  • Excellent
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    DEEPAK BHANUDAS PATIL, thane
    Recommend Recommended by user
    Validated User
    (0)

    IDBI Housing loan I would say availing loan from this bank is very easy and the they are quite friendly with the clients, and the processing of the loan is very fast, they did not require any additional documents and the executive name Premananad Kamlay who helped me in completing the whole process from the day one till the loan amount got processed.

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    took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • Validated User
    (1)

    IDBI Bank Salary Account overall satisfied with service I am using from past 7 years no problems at all ATM's are sufficient in my place and net banking is fast safe and secure fully satisfied with customer service no suggestion overall its excellent service.

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  • Need Improvement
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    KARTHIKEYAN PAPPAIYAN, chennai
    Recommend Recommended by user
    Validated User
    (1)

    I am holding a salary account in IDBI Bank I am very disappointed with the customer service and this bank does not have the latest technology when compared to other bank I would say they need to improve on the current market affairs, if there is any update from the bank i don't get it, but the overall service is fine.

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Customer Reviews
Page 1 of 2 1 2

Interest Rates