Why BankBazaar Loan?
  • Compare multiple bank offers
  • Apply Online for Lowest Rates
  • Get e-approval instantly
IDBI Bank Loan Ratings
4.0 / 5.0 by 244 users

Fees & Charges

Promised Interest Rate

Customer Service

Responsiveness

IDBI Bank Loan Reviews

"In three ways we can be benefited by this public provident fund account one is of higher rate of interest, secondly can save money from income tax and thirdly saved amount plus interest after 15 years. Interest rate is very high where right away IDBI is providing 8.5% and minimum one transaction is enough in a year. Ultimately this account is being governed by RBI so everything will be good. "

Vineet Kumar, Ghaziabad
More Reviews
Choose Loan Offers From

What is a IDBI Bank Loan?

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

Types of IDBI Bank 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 Bank loan?

Bankbazaar helps you compare & apply real time IDBI Bank loan rates & other fees from various banks.
Secure & Safe

Compare Loan Offers. Apply Online and Save Thousands of Rupees.

We've identified the lowest interest rate quotes for your profile with great savings.

Rates & special offers displayed below are accurate & applicable ONLY for applications made on BankBazaar.com

  •  
Step 1 of 3

IDBI Bank Loan Overview

IDBI Bank 4.0 / 5.0 by 244 users  
Used this product? Write a review »
IDBI Bank 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 Bank 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 Bank 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 Bank Loan FAQs

  1. What are the interest rates for IDBI Bank 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 Bank 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 Bank Loan Eligibility & Documentation

Check IDBI Bank Loans offers online

IDBI Bank 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 Bank Loan documentation: IDBI Bank 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 Bank Loan Interest RatesUpdated on 21 April 2015

Details of IDBI Bank 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 Bank   Loan Reviews
91 % of our customers would recommend this bank. (221 out of 244) Write Review
Customer Reviews
Page 1 of 13 1 2 3 4 5
  • Validated User
    (0)

    In three ways we can be benefited by this public provident fund account one is of higher rate of interest, secondly can save money from income tax and thirdly saved amount plus interest after 15 years. Interest rate is very high where right away IDBI is providing 8.5% and minimum one transaction is enough in a year. Ultimately this account is being governed by RBI so everything will be good.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    User has not used IDBI BANK Reviewed on
  • Validated User
    (0)

    I am holding a IDBI housing loan it is a good one. However I am a bit disappointed with my interest rate. As when the RBI reduced the rate they were not reducing it. When I checked with them they say that this will not impact this rate, it will impact some other rate. Interest rate offered by them is good when compared with others.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    anand took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    I had taken a home loan from IDBI Bank. The customer service executives have been supportive and it was a speedy process as my loan got sanctioned within 2 days. The executive were really supportive as they had taken care of the registration process by visiting the court and they were very punctual in the time and they handed over to me all the documents to me in a fast and good manner. I would still not recommend the bank as the interest rates are very higher as it is a long term loan.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    sanjay took a Home Loan from IDBI BANK Reviewed on
  • (2)

    Once my account was been debited twice by recharging online . When I went to bank. There was awesome response. There an employee named Trupti Salve. Helped me like any thing. She shot mail to all the concern person and helped me recoverying the amount. And never responded rudely.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    anupam took a Saving Account from IDBI BANK Reviewed on
  • (0)

    IDBI employees are very professional and they were cooperative. I say the time taken to resolve queries were less and whenever we visit branch for any work, they take ownership to complete it.I would say because, when it comes to other Bank customer has to open this account by depositing a certain amount in to the account. here, there are no such conditions.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    ishaan took a Current Account from IDBI BANK Reviewed on
  • (0)

    IDBI employees are very professional and they were cooperative. I say the time taken to resolve queries were less and whenever we visit branch for any work, they take ownership to complete it.I would say because, when it comes to other Bank customer has to open this account by depositing a certain amount in to the account. here, there is no such conditions.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    jain took a Current Account from IDBI BANK Reviewed on
  • (0)

    I would say because, when it comes to other Bank customer has to open this account by depositing a certain amount in to the account. here, there is no such conditions. Response time is really good with IDBI current account. service is very good from IDBI and highly satisfied. IDBI employees are very professional and they were cooperative. I say the time taken to resolve queries were less and whenever we visit branch for any work, they take ownership to complete it.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    kailash took a Current Account from IDBI BANK Reviewed on
  • Validated User
    (4)

    Merits of IDBI is fastest processing and the interest rate is 10.15%, which is competitive. When I was availing home loan in IDBI, processing charge is nil. Partial payment option is good and pre closure charge is around 5%. Every 10th is the EMI date and I am fine with payment date. So far no demerits with IDBI.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    sachin took a Home Loan from IDBI BANK on BankBazaar.com Reviewed on
  • (2)

    Services are very good in IDBI and for liquidation of the amount they just took 15 minutes and this happened in my case. I had fixed deposit and closed it before mature date. IDBI helped me in getting liquidity even after bank closing hours. No penalty charges for pre matured withdrawal

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    nilesh took a Fixed Deposit from IDBI BANK Reviewed on
  • Validated User
    (0)

    IDBI services are fine but I did not use their services completely as the salary account is opened seven months ago. Firstly the choice was not mine to choose IDBI as it was opened by my organization. Secondly IDBI have facilities like no charges while transacting cash and another feature is instant transfer facility. Never interacted with the customer support as the representative is sitting in my our floor to resolve all queries.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    amit took a Saving Account from IDBI BANK Reviewed on
  • (1)

    We have taken a loan from IDBI around 2 years back. We have been regretting on our decision from that day only. These guys are so unprofessional and irritating in a way they work that a customer gets total frustration at the end of the day.Initially they increased the rate of interest from 10:15 to straight 11.25 within 3 months and after that they kept increasing and troubling us for paying the chques for the increased amount. On questioning them they give all sort of irrelevant answers. Recently we thought of converting our ROI to 10.25% by paying some fee (as per the RBI guidelines). We really had to go through tough times. We were asked to open an account with IDBI bank. It was mandatory for the conversion. We were forced to start the SI instead of PDCs. After opening the account, for every small thing they asked me to visit the branch. Like for enabling internet banking etc. Although I mentioned in the form itself to provide me net banking facilities. Their IVR system is bad too

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    swati took a Home Loan from IDBI BANK Reviewed on
  • Validated User
    (1)

    No hiccups with IDBI and merit is that online access as I can check the status of the loan instantly. Interest rate is fine for home loan in IDBI but processing charges are too high while comparing to other banks, which I realized post availing loan. Post taking loan customer care is not that much effective so they have to focus.

    Was this review helpful? Yes

    Thank you for your vote

    Thanks, you've already rated this review

    Fees & Charges
    Promised Interest Rate
    Customer Service
    Responsiveness
    koushik took a Home Loan from IDBI BANK Reviewed on
Customer Reviews
Page 1 of 13 1 2 3 4 5

Interest Rates

We're sorry. No offers were found. Based on your information, we are unable to find you an offer from any of our insurance partners. We invite you to return to BankBazaar.com to get an insurance for any of your other car Thank you for your using BankBazaar.com
reTH65gcmBgCJ7k - pingdom check string.
This Page is BLOCKED as it is using Iframes.