How to get a loan of 5 lakhs from IDBI Bank? Know the features, interest rate

IDBI Personal Loan: Many citizens need a low loan and there is a question in their mind that how will they get a loan of 500000, then in today’s article we will tell you IDBI Personal Loan Will provide information about under which you can easily take a loan of up to 5 lakh rupees.

in present time IDBI Bank Personal Loan Interest Rate 9.90% p.a. starts from You can get this loan for a period of 12 to 60 months. You can easily apply for this loan online by visiting the official website of the bank.

IDBI Personal Loan

You can avail IDBI Bank Personal Loan for any of your personal expenses like marriage, travel, higher education, children’s fees, medical emergency etc. The CIBIL score of the applicant should be very good to take this loan.

The loan amount given under the loan depends on many factors such as the applicant’s credit history, credit score, age, income, location, repayment capacity etc. If the applicant’s income and CIBIL score are high, then the applicant can get a personal loan up to a higher loan amount.

IDBI Personal Loan Under this you can take a loan from Rs 25,000 to Rs 5,00,000. There is a fixed interest rate for salaried individuals. The processing charge for this loan is 1% of the loan amount, subject to a minimum of Rs.2500. IDBI Bank offers many types of personal loans and all have different interest rates.

You can calculate the EMI of your loan with the help of IDBI Personal Loan EMI Calculator by visiting the official website of the bank and find out how much money and how many installments you will have to pay at the time of loan repayment.

HIGHLIGHTS:

loan name	IDBI Bank Personal Loan 2022
Name of the lending bank	IDBI Bank
loan amount	Minimum – Rs 25,000 Maximum – 5,00,000
Rate of interest	Starting from 9.90% p.a.
loan tenure	12 Months to 60 Months
processing charge	1% of the loan amount, minimum – Rs.2500
application mode	online / offline
official website	www.idbibank.in

IDBI Personal Loan Interest Rate 2022

IDBI Bank Personal Loan Interest Rate 9.90% p.a. But IDBI Bank offers many types of personal loans and all have different interest rates.

From the table given below, you can easily understand IDBI Bank Personal Loan Interest. The interest rates for different types of personal loans are as follows:

Personal Loan Overdraft (Floating):

Pension Account with Overdraft Facility (For Retired IDBI Staff)	9.90%
Salary/Pension Account with overdraft facility (for others)	12.65%

IDBI Bank Personal Loan Benefits and Features

• Any Salaried Person (Salaried Person) and Self Employed (Self Employed) person can take IDBI Bank Personal Loan.
• The bank offers various types of personal loans.
• The processing fee for IDBI Personal Loan is 1% of the loan amount, subject to a minimum of Rs.2500.
• You can take a personal loan for the following purposes:
  • medical emergency
  • home renovation
  • marriage in the family
  • Margin Money Management
  • Travel
  • urgent educational needs
  • urgent hospitalization charges
  • earnest money for land
• The salaried person whose annual income is Rs 1,80,000 can apply.
• You can apply online by visiting the official website of the bank or offline by visiting the nearest bank branch.
• After 6 months of the loan, you can make a partial payment without any charges.
• Applicant can make partial payment maximum 3 times in a year, at an interval of 90 days.
• You can foreclose personal loan after 24 months of disbursal.
• Existing loan account holder with minimum 12 months and clear repayment track record is eligible to avail top up loan facility.
• If you are an existing customer of the bank, then you can take advantage of the attractive interest rates of the bank.
• Interest is charged on daily reducing balance.
• Personalized Services & Quick Documentation |
• The borrower does not have to pay any insurance charges for loan insurance.

Types of IDBI Personal Loan

IDBI offers a variety of personal loans. These personal loans are as follows:

• Personal loan to Salaried Individuals
• Personal loan to Self Employed Professionals
• Salary Account with In-built Overdraft Facility
• Pension Account with In-Built Overdraft Facility to Pensioners of IDBI Bank Ltd

Personal Loan for Salaried Individuals Features and Eligibility:

• All salaried customers having Corporate Salary Account with IDBI Bank. All confirmed/permanent employees of State/Central/PSU/Departments, multinational companies, listed companies, reputed private limited companies can apply for IDBI Personal Loan.
• The minimum annual income of the applicant should be Rs.1,80,000.
• The minimum age of the applicant should be 21 years and the maximum age at the end of the loan should be 60 years.
• This loan can be availed for loan tenure ranging from 12 months to 60 months.
• The customer can take a loan from Rs 25,000 to Rs 5 lakh.
• Fixed interest rate for salaried individuals.

Personal Loan for Self Employed Professionals Features and Eligibility:

• Self Employed Professionals having Asset/Liability relationship with the Bank can apply.
• The minimum annual income of the applicant should be Rs.3,60,000.
• The age of the applicant should be 21 years to 60 years.
• Loan Tenure – 12 Months to 60 Months |
• Loan Amount – Rs.25,000 to Rs.5 Lakh.

Salary Account with in-built overdraft facility (Features & Eligibility):

• Permanent employees, Government / Semi-Government / Semi-Government, Public Limited Company, Private Limited Company, Multinational Company, Employees with continuous service of one year in reputed institute can apply for this loan.
• Salaried customers who have a salary account with IDBI Bank can apply for this IDBI Personal Loan.
• The minimum annual income of the applicant should be Rs.1,80,000 (for salaried customers)
• Age – Minimum 22 Years and Maximum 60 Years.
• The overdraft facility will be valid for 2 years, renewable every two years for customers having a salary account with this bank.
• The applicant can get the loan amount up to five times of the net salary (based on the average salary of the last six months).
• Interest Type – Temporary for salaried customers maintaining salary account with this bank.
• Processing Fee – Nil |
• Part Payment/Foreclosure Charges – Nil |

Pension Account with in-built overdraft facility for pensioners of IDBI Bank Limited (Features & Eligibility)

• Customers who have a pension account with IDBI Bank Limited can avail this facility.
• The minimum annual income of the applicant should be Rs.3,60,000 (for self-employed professionals).
• The age of the applicant should not exceed 75 years.
• Loan Tenure- 12 Months to 60 Months |
• The applicant can take a loan from Rs 25,000 to Rs 3,00,000.
• Interest Type – Fixed for pensioners having accounts outside IDBI Bank.

IDBI Bank Personal loan documents required

• Signed Application Form with Photograph
• Aadhar card
• pan card
• Copy of Passport/Voter ID Card/Driving License
• processing fee check
• Last 3 months bank statement / 6 months bank passbook
• Documents for Salaried Applicants:
  • latest pay slip
  • Current dated salary certificate along with latest Form 16
• Documentation for self-employed applicants:
  • latest bank statement
  • Latest ITR or Form 16

How to apply for IDBI Personal Loan?

To take a loan from IDBI Bank, you have to apply, which you can do online or offline. Follow the steps given below to apply:

IDBI Bank Personal Loan Apply Online

If you want to apply online for IDBI Bank Personal Loan, then you can follow the steps given below:

• In the option of Loans on the home page of the website personal loan The option of will appear, click on it.
• After clicking, all the information related to personal loan will appear in front of you on the next page.
• You have to read this information correctly.
• on this page to apply Apply Now The option of will appear, click on it.
• On the next page you will have to answer a question in Yes and No – Whether existing A/C holder with IDBI Bank?
• If you are a new customer then you have to click on No.
• Then the loan application form will open in front of you.
• You have to enter all the information sought in the form correctly and submit the form.
• After this the representative of the bank will contact you and the loan process will be continued further.

How to apply for IDBI Personal Loan offline?

• To apply offline, you must first go to your nearest IDBI Bank branch.
• You will have to contact the representative of the bank by going to the bank branch.
• The bank employee will provide you all the information related to personal loan.
• After that your documents will be verified.
• Then you will be given the loan application form.
• You have to enter all the information sought in the form and attach your documents.
• And he has to submit the form there.
• Your details will be verified by the bank.
• If you fulfill all the conditions then your loan will be approved and the loan amount will be transferred to your bank account.

Personal Loan Fees and Charges

• Processing fee – 1% of the loan amount, minimum – Rs 2500.
• Partial payment –
  • On part payment after 6 months of the loan – Nil.
  • Part payment within 6 months – 2% of the outstanding loan amount + applicable taxes.
• Foreclosure –
  • Foreclosure after 24 months from the date of disbursal – Zero charges.
  • Foreclosure done within 12 months from the date of disbursal – 2% of the outstanding loan amount.
  • Foreclosure after 12 months and before 24 months – 1% of the outstanding loan amount.

IDBI Bank Personal Loan Customer Care number

• Toll Free Number – 1800-209-4324 / 1800-22-1070

conclusion

In this article we have given you How to take loan from IDBI Bank Complete information about has been provided. Anyone can apply for IDBI Bank Personal Loan by reading this article.

If you are facing any kind of problem while applying for this loan, then you can write to us in the comment section.

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