IDBI Personal Loan

IDBI Personal Loan
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IDBI Bank Limited (IDBI) is an Indian financial service company head quartered in Mumbai, India. It is currently 10th largest development bank in the world in terms of reach with 2413 ATM's, 1413 branches including one overseas branch at DIFC, Dubai and 996 centers including two overseas centres at Singapore & Beijing. Personal Loan from IDBI Bank is targeted to the Salaried Individuals and Self Employed Professionals. To know more, follow some simple steps given below to get attractive deals

You’re probably eligible for an IDBI Bank Personal Loan if you are

IDBI Bank Personal Loan Minimum Age

At least 22 years old

IDBI Bank Personal Loan Maximum Age

Less than 60 years old

IDBI Bank Personal Loan Eligible Employment Type

Salaried / Self – Employed
with regular income

IDBI Bank Personal Loan Minimum Income

Earn more than the minimum
income required

Your IDBI Bank Personal Loan amount eligibility is based on these factors

IDBI Bank Personal Loan Minimum Salary

Minimum income required
Rs.15,000 per month

IDBI Bank Personal Loan Maximum Loan Funded

Maximum allowed personal loan is Rs. 10 lakhs

IDBI Bank Personal Loan EMI

EMIs of other loans lower
your eligibility

Increase your eligible IDBI Bank Personal Loan amount by these steps

IDBI Bank Personal Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills


Choose longer tenure loan up to 60 Months

Documentation needed to apply for an IDBI Bank Personal Loan

  • 1. Signed application form with photograph
  • 2. Copy of passport/voter ID card/driving license
  • 3. Processing fee cheque
  • 4. Last 3 months bank statement/6 months bank passbook
  • 5. Documentation for salaried applicants:
    • Latest salary slip
    • Current dated salary certificate with the latest Form 16
  • 6. Documentation for self-employed applicants:

    • Latest Bank statement
    • Latest ITR or Form 16

IDBI Bank Personal Loan Interest RatesUpdated on 24 Jul 2014

IDBI Bank Personal Loan Details
Interest Rate (Monthly reducing balance) 10.25%
Processing Fees 1.00% of loan amount
Loan Tenure 60 Months
Pre-closure Charges 2.00% + applicable taxes. After 6 months the charges are NIL.
Guarantor Requirement No guarantor required

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