IDBI Personal Loan

IDBI Personal Loan
 4.0 / 5.0   by 6 users
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Fees & Charges

Promised Interest Rate

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Responsiveness

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

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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

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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

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IDBI Bank Personal Loan Payoff Outstanding Credit Card Bills

Pay off your credit card bills

“IDBI

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 23 Nov 2014

IDBI Bank Personal Loan Details
Interest Rate (Fixed) 13.25% to 14.25%
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.

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IDBI Personal Loan Reviews

100 % of our customers would recommend this bank. (6 out of 6) Write Review
Customer Reviews
Page 1 of 1 1
  • (0)

    I am a self Employ, I have own business.I have three years balance sheet with it return filed. I required personal loan RS.500000/- Five lakh only IDBI Bank (Industrial Development Bank of India) is one of Indiaâ??s leading public sector banks. Primarily established for providing credit to Indian industry, it has now started focusing on retail consumers too. The maximum amount of loan available is 10 lacs. This is more or less in keeping with whats available in the market. I have applied for personal loan with IDBI.The processing fees are 1.5% of the loan amount. This is among the lowest offered in the market. The prepayment charges are upto 6% of the outstanding amount. This is much higher than what most other banks offer. This is a major concern for people who wish to repay their loans ahead of schedule I feel the service was very prompt. Interest rate was competitive.

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    arihant took a Personal Loan from IDBI BANK Reviewed on
  • Validated User
    (1)

    IDBI Personal Loan the verification process was bit slow apart from that everything was fine. When compare to other banks interest rate was best 13.75%, processing fee was 1% it was also nominal i felt, they need to improve on verification part, documentation was very simple since i have my salary account it was quite easy to approach.

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

    Actually before i could apply in other banks for the personal loan i applied with the IDBI Bank and the processing was quicker and documentation was transparent and it was simple and i got my personal loan amount credited into my account with in a weeks time.

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

    It was through the bank distributor I have applied for a personal loan and availed the loan last month from IDBI bank. They have provided a very less rate of interest. First of all disbursement was very quick. On the same day the loan was disbursed and I got the loan amount very quickly. Everything was smooth and I had difficulty in availing the car loan from IDBI. I was actually having all the documents they requested ready so there was no issue in getting the loan. Best part is no processing fee at all and nil pre-closure charges.

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    ankit took a Personal Loan from IDBI BANK Reviewed on
  • Validated User
    (0)

    IDBI Current Account, i am holding from past 3 years, service is good, it was my zero balance account, on line banking there was no charges for any transaction, facilities are more in the bank, customer service was really good, only drawback is even for 1 transaction in non Atm its chargeable, overall its was excellent service.

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    rajesh took a Personal Loan from IDBI BANK on BankBazaar.com Reviewed on
  • (0)

    I have applied loan application in several banks. But I got IDBI is one of the best bank for Loans. They are doing right promise, honest to work and bank is taking less interest also. HDFC guys are sitting at home and they will say (Sir if you got call from my manager then please say verification is done)- Cheaters. After long wait they will deny you. If you give 1000/- RS you loan will be passed.

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    shiv took a Personal Loan from IDBI BANK Reviewed on
Customer Reviews
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