IDBI Personal loan – Interest Rates 2024, Eligibility, EMI, Apply
IDBI Personal Loan – Compare IDBI personal loan Interest Rates, Documents, Eligibility and EMI. personal loan of IDBI bank online.
IDBI Bank Personal Loan Details
| Interest Rates | 10.50% – 15.50% |
| Repayment | Upto 5 Years |
| Max. Loan | 10 Lakh |
| Min. Loan | 25000 |
| Processing Fees | 1.00% + ST |
| Prepayment / foreclosure charges | 2.00% |
| Min. Income | 180000/- |
Take a IDBI personal loan and go ahead and have all the things you’ve been dreaming of .The loans are both for salaried and Professionals.IDBI Bank offers for personal loan
* Loan up to Rs.10 lacs
* Attractive personal loan Rate
* Low Processing Fees & Documentation Charges
* Faster Approval & Minimum Documentation
* Repayment period up to 60 months
* No collateral/security The Loan tenure is 1 yr – 5 yrs.
* Loan amount = Rs. 50,000 – Rs.1000000.
* Salaried Individuals, Pensioners & Self Employed Professionals (SEPs) are eligible to take personal loan from IDBI Bank.
IDBI Personal Loan Interest Rates 2025
1. Pension Account with overdraft facility (For retired IDBI Staff) = 10.50%
2. Salary / Pension Account with overdraft facility (For others) = 13.25%
3. Fixed Rate of Interest Personal loan = 11.00% – 15.50%
IDBI Personal loan Eligibility Criteria
* Minimum Annual Net income of Rs 1.8 lakh
* No Minimum annual average balance required for salary account holders & pension account holders with IDBI Bank.
* Minimum Annual Average balance of Rs 25000 or Minimum Business Income of Rs 2.4 lakh for last 2 years ITR.
* Minimum age at apply should be 22 years & 75 years at closing of loan.
A Loan designed to meet various financial requirements of the salary account holders with IDBI Bank.
IDBI Personal loan EMI Calculator
Suppose, Mr.X is looking for a loan of ₹ 3 Lakh for home renovation. He got the loan from IDBI Bank at an interest of 13.00% for a tenure of 5 years. Now, what would be the EMIs, interest outgo and total amount payable? To know the same, just take a look at the table below.
Loan Amount = Rs. 3,00,000
Monthly Instalment (EMI) = Rs. 6,826
Total Interest Amount = Rs. 1,09,555
Total Amount (Principal + Interest) = Rs. 4,09,555
| Year | Principal | Interest | Balance Amount |
| 1 | Rs. 45,563 | Rs. 36,349 | Rs. 254,437 |
| 2 | Rs. 51,853 | Rs. 30,059 | Rs. 202,584 |
| 3 | Rs. 59,009 | Rs. 22,903 | Rs. 143,575 |
| 4 | Rs. 67,156 | Rs. 14,756 | Rs. 76,419 |
| 5 | Rs. 76,492 | Rs. 5,487 | Rs. 0 |
Loan Amount :
- Minimum : Rs. 25000 for Pensioners & 50000 for salaried/self employed
- Maximum : Rs. 1000000
Minimum Net Salary :
- Based on the classification of cities the minimum net salary ranges from Rs. 15,000 per month
Prepayment Charges : Nil
Tenor :
- Minimum 12 Months
- Maximum: 60 months
Collateral Security means:
Govt. Securities/ Public Sector Bonds/ Units of UTI, NSC, KVP, LIC policy (Surrender Value), Bank Deposit (The minimum value should be at least equivalent of the loan amount sought).
Other Products of IDBI Bank
- IDBI Bank Business Loan
- IDBI Home Loan
- IDBI Credit Card
- IDBI Gold Loan
- IDBI Education Loan
- IDBI Two wheeler Loan
- IDBI Personal Loan EMI Calculator
Source: IDBI Bank Ltd. Website
