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    IDBI Bank Personal Loan Eligibility Calculator

    We found 1 IDBI Bank Personal Loan Eligibility Calculator

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    12.20% Floating
    1% + S.T. One time fee
    50K - 10L
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
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    Eligibility Criteria

    IDBI Bank Personal Loan Eligibility Calculator is Rated as "Excellent!" by 29 Users

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    About IDBI Bank Personal Loan

    IDBI Bank is a financial service company owned by the Indian government. The bank offers various kinds of financial services and products to cater to different financial needs of the customers. IDBI Bank personal loan helps meet unexpected expenses or even get out of a high debt. The personal loan can even be used to manage margin money for a home loan. The loan offers different repayment tenures and an attractive rate of interest.

    IDBI Bank Personal Loan eligibility criteria

    If an individual intends to avail IDBI Bank personal loan, they have to fulfill the eligibility criteria for the loan. Given below are the IDBI Bank personal loan eligibility criteria.

    Eligibility criteria for salaried individuals
    • Minimum age: 22 years
    • Maximum age: 60 years
    • Minimum income: Rs.20,000
    • Maximum loan amount: Rs.10,00,000
    Eligibility criteria for self employed individuals
    • Minimum age: 22 years
    • Maximum age: 60 years
    • Minimum income: Rs.25,000
    • Maximum loan amount: Rs.5,00,000

    Factors affecting IDBI Bank personal loan eligibility

    There are several factors that can affect your IDBI Bank personal loan eligibility. Listed below are the main factor that affect your eligibility with IDBI Bank personal loan.

    • Financial background:Your financial background gives the lender a clear picture of your repayment capacity. An individual with a good financial background has more chances of getting a personal loan over an individual who has a poor financial background.
    • Stability of your income:You need to have a consistent and stable flow of income in order to avail IDBI personal loan.The bank might end up rejecting your application if you work as a temp or as an intern as there is no steady source of income. Banks look at the stability of your income to assess your repayment capacity.
    • Age: Age is also a crucial factor that affects your IDBI Bank personal eligibility. The bank needs the applicant to be of at least 22 years old to be eligible for the loan.
    • Credit score:Your credit score/history acts as a deciding factor when it comes to your IDBI Bank personal loan eligibility. The applicant is expected to have a minimum score of 700 and above in order to be eligible for the loan.

    How CIBIL score affects your IDBI Bank personal loan eligibility?

    You are very mistaken if you think that CIBIL score does not affect your IDBI Bank personal loan eligibility. Your CIBIL score determines your ability to get the loan. Your CIBIL score gives a clear picture of your repayment capacity and commitment towards the loan. The higher the CIBIL score, higher the chances of getting a loan. Your CIBIL score is calculated based on your credit history including the details of your previous credit card applications and loan applications. The first thing the banks check in your application is your CIBIL score. If you have a poor CIBIL score, your application will not be considered and will be rejected right away.

    How to Increase IDBI Bank Personal Loan Eligibility?

    There are a few steps that can be followed to increase your IDBI Bank personal loan eligibility. Listed below are the steps that will help you increase your eligibility and get a loan without any hassles.

    • Good CIBIL score-A good CIBIL score will increase your IDBI Bank personal loan eligibility as it is one of the main aspects that banks assess before granting you the loan. It is important to maintain a very good credit history in order to have a good CIBIL score.
    • Filling in the form correctly-Wrong information in the form or incomplete forms can land your application in the rejection pile. It is important to fill the form with the right details and not leave out any parameter in the form. If you have any doubts with the form it’s best to clear it with the bank rather than submit an incomplete form.
    • Only borrow what you need-It is best advised to borrow as less as you can. Borrowing less will increase your eligibility. Banks won’t grant you a loan if you are trying to borrow more than your repayment capacity.
    • Don’t be a job hopper-Being a job hopper or working as a temp will not work in your favour if you are trying to get a loan. Being in a permanent job and not changing jobs frequently will help you increase your personal loan eligibility.
    • Pay off existing loans-Paying off existing loans before applying for a new loan will increase your loan eligibility. Banks will be more inclined to grant you a loan when you don’t have too many loans to repay.

    FAQs on IDBI Bank personal loan eligibility

    Who is eligible for IDBI Bank personal loan?

    Salaried, self employed individuals and pensioners are eligible for IDBI Bank personal loan.

    IDBI Bank personal loan offers an attractive rate of interest along with personalized services and easy documentation. Another reason to opt for the loan is the fact that interest is charged on daily reducing balance.

    What is the repayment tenure for IDBI Bank personal loan?

    The repayment tenure for IDBI Bank personal loan ranges between 12-36 months.

    What is the maximum age of eligibility for pensioners?

    The maximum age of eligibility for pensioners is 75 years.

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  • Personal Loan Reviews

    • IDBI Personal Loan
      "Smooth process"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from IDBI and it was a smooth process. I got a good offer on the rate and charges and the process was very clear and on time. I also got the loan I was needing and the after loan services was also smooth. The documentation was also nominal.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 27, 2016
    • IDBI Personal Loan
      "Dont apply before a year"
      0.5 2.0/5 "Expected more"
      A general piece of advise to all, dont approach IDBI if you dont hold an account with them nor if the age of your account is less than one year. As it happened in my case when I had placed a request for this online I did not get any sort of response from them. When I phoned the bank I got to know that they were unable to process my loan as the age of my account is less than a year.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 17, 2016
    • IDBI Personal Loan
      "Easy process for loan"
      0.5 5.0/5 "Blown Away!"
      I am a existing customer at IDBI Bank. The services are good from them. I have taken a personal loan and it was a simple process. They provided a good rate of interest on the loan. It was of 11.75%. The processing charges was of 1%. It was completed with minimal documentation too.
      Was this review helpful? 1
      , jajpur
      Reviewed on Aug 17, 2016
    • IDBI Personal Loan
      "Instant approval on loan"
      0.5 4.0/5 "Great!"
      The service provided was really good with IDBI related to the personal loan application being submitted.The interest rate applied was high with IDBI which was around 18%.They are best in processing the documents related to the loan application.
      Was this review helpful? 1
      , jamshedpur
      Reviewed on May 06, 2016
    • IDBI Personal Loan
      "Low in rate for loan...."
      0.5 4.0/5 "Great!"
      First and foremost thing to approach the IDBI bank is their customer service. Next to that the interest rate for the personal loan where that is around 13.25% on reducing basis. Nothing shared about insurance so I have not taken insurance for the loan.
      Was this review helpful? 0
      , tiruchirapalli
      Reviewed on Feb 19, 2016
    • IDBI Personal Loan
      "Best offer for their account holders...."
      0.5 5.0/5 "Blown Away!"
      I am an employe of IDBI Bank so, they offered staff loan which is personal loan. I got my loan without any interest as well as processing. But the thing loan amount which was very less. They offered only 2000rs even though I would recommend them to others.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 09, 2016
    • IDBI Personal Loan
      "Very responsive..."
      0.5 4.0/5 "Great!"
      I just approach IDBI Bank over through phone in terms of personal loan. They responded well. Their service also good when I visited the branch. After the verification they updated every thing about my loan. Rate of interest offered by them was 11 to 12% and I am comfortable with them.
      Was this review helpful? 0
      , rajapalayam
      Reviewed on Jan 22, 2016
    • IDBI Personal Loan
      "TAT was very short..."
      0.5 5.0/5 "Blown Away!"
      I have taken the personal loan amount of 2 lakhs and for that they provided interest rate of 12.25%. Actually I have an account with IDBI so the processing charge is zero percent. Customer service is too good. Total process took only a week time post my application.
      Was this review helpful? 1
      , mudhol
      Reviewed on Jan 15, 2016
    • IDBI Personal Loan
      "Excellent Services"
      0.5 5.0/5 "Blown Away!"
      My personal loan is from IDBI Bank. The services was very good from them. The response is good too. They offered a very good rate of interest. The processing charges was good too. I received the loan within seven days. Very good experience.
      Was this review helpful? 2
      , karnal
      Reviewed on Nov 23, 2015
    • IDBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took the personal loan from IDBI with the rate of interest of 12% and they took only 15 days to disbursed the loan amount. We can do the pre closure of the loan soon after 3 months also without any charges.
      Was this review helpful? 0
      , kolkata
      Reviewed on Oct 01, 2015
    • IDBI Personal Loan
      "Quickly Done"
      0.5 5.0/5 "Blown Away!"
      I closed my Personal Loan with IDBI bank. They have quickly processed my loan amount which I have taken 3-4 lakhs from them. Since I am holding my saving account with them there was no much documents collected from me. The bank executive has visited me for signing my papers and I just given 2 photo copies of mine.
      Was this review helpful? 4
      , mumbai
      Reviewed on Aug 27, 2015
    • IDBI Personal Loan
      "Great Service!"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan with IDBI Bank in Feb 2015. I took a loan amount of 2 lakhs with the tenure of 3 years. Since I am holding a salary account with them, they collected only minimal documents. I got the loan amount dispersed in 15 days.Apart from that the customer service and response was well offered from them.
      Was this review helpful? 2
      , ahmedabad
      Reviewed on Aug 19, 2015
    • IDBI Personal Loan
      "Personal Loan IDBI Bank"
      0.5 4.5/5 "Excellent!"
      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. I feel the service was very prompt. Interest rate was competitive.
      Was this review helpful? 5
      , jodhpur
      Reviewed on Jul 08, 2015
    • IDBI Personal Loan
      "Good interest rate"
      0.5 4.0/5 "Great!"
      My opinion about IDBI Bank personal loan process is good. Processing fee was less. Interest rate offered by them was the least in the market which is 10%. I am holding this loan for 2 months now. Service offered by them was good. The loan was quickly processed and they offered the loan within 15 days. The response provided by them was good.
      Was this review helpful? 3
      , bangalore
      Reviewed on Jul 03, 2015
    • IDBI Personal Loan
      "Average service "
      0.5 2.0/5 "Expected more"
      I tried to get a personal loan with IDBI and due to some personal loan reason I was unable to get the same loan.The customer service provided was good and they responded immediately towards the loan application.I would say overall it was a average experience and I am unable to recollect the interest rate and charges offered.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jul 01, 2015
    • IDBI Personal Loan
      "Good"
      0.5 5.0/5 "Blown Away!"
      IDBI Bank personal loan process is really good. The interest rate offered by them was 13.66% which is really good. The best portion about this bank is they are very quick in disbursing the loan. They hardly took 3 days of time to provide this loan. Processing fee charged by them was very nominal which is 1%. What ever amount I have requested they agreed to provide the same amount.
      Was this review helpful? 0
      , sri ganganagar
      Reviewed on May 26, 2015
    • IDBI Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      The personal loan which I have taken from IDBI Bank is very good. The customer service offered by the Bank is very good. It was a very fast processing as my loan got sanctioned within a week and it got disbursed soon. The best part about the Bank is they take only less time to process and also the executive of the Bank cooperated well with me.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 09, 2015
    • IDBI Personal Loan
      "personal loan"
      0.5 5.0/5 "Blown Away!"
      IDBI Bank (Industrial Development Bank of India) is one of India'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.
      Was this review helpful? 5
      , mumbai
      Reviewed on Mar 26, 2015
    • IDBI Personal Loan
      "Personal Loan"
      0.5 4.5/5 "Excellent!"
      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.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Mar 12, 2015
    • IDBI Personal Loan
      "Personal loan"
      0.5 4.0/5 "Great!"
      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.
      Was this review helpful? 6
      , mumbai
      Reviewed on Mar 10, 2015
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