Request received - loud & clear!
Returning you to where you were...
Personal loans are among the most sought after banking products because of the utility it provides. IDBI Bank is a well-known bank which offers personal loans to a variety of candidates and even applicants who are bankers themselves. Such applicants often get preferential interest rates to boost but not all the time. A working bank employee basically qualifies for a loan under the salaried applicant category while a retired bank employee earning pension falls under the pensioner’s category. Both categories are eligible to apply for loans from the following banks.
These personal loans from IDBI allow borrowers to meet a wide range of expenses right from marriage expenses to consolidating credit card debt.
Apart from the personal loan, IDBI provides personal loan products such as
Salary account with in-built overdraft facility: Any permanent employee who has completed a minimum of 1 year in service in government, semi-government, quasi government organizations or in private companies and multinational companies or any other reputed institute can apply for this account. The minimum age of the account holder must be 22 years and the maximum age must not exceed 58 years in order to avail the overdraft facility. The tenure of this facility is 2 years and is renewable after every 2 years. The maximum amount that can be availed through overdraft is 5 times the net salary of the applicant. Net salary is calculated by taking the average of the previous 6 months’ salary.
Overdraft facility for pensioners drawing pension through IDBI Bank: Customers who have maintained a pension account with IDBI are eligible for this service. The maximum age of the pensioner cannot exceed 75 years by the end of the loan duration. The maximum loan amount that can be availed through this facility is 5 times the monthly pension of the borrower. The tenure of this facility is 1 year and is renewable after the completion of every year.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.