IDBI Bank

Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range
Action

Rate of Interest

  • Floating rate of Interest : 12.55 % p.a. to 14.00 % p.a.

Eligibility Criteria

  • Minimum 21 years of age and maximum 60 years
  • Loan period from 1 years to 5 years
  • Should be either salaried or self-employed and have regular source of income
  • Should have sufficient income to pay EMI on required loan
  • Applicant must be Indian Citizen, in case of NRI or person of Indian origin it should be properly documented

Fees and Charges

  • Processing Fees 0  % to 1.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph
  • 2 references

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about IDBI Bank

IDBI Bank is a personal loan which is offered to Salaried, Self-employed and pension receiving individuals.IDBI is an Indian government-owned financial service company. It is formerly known as Industrial Development Bank of India. IDBI Banks headquartered in Mumbai, India. It is currently 10th largest development bank in the world in terms of reach, with 3700 ATMs, 1995 branches, including one overseas branch at Dubai.

Your Eligibility depends on following


You should be minimum 21 years old

You should be maximum 60 years old

You should be salaried or self employed

You should have sufficient income to pay EMI on required loan

You can increase your eligibility by doing following

Choose longer tenure of loan period maximum upto 5 years
Make your spouse as co applicant , her/his income will also be added in eligibility
EMIs of other loans loweryour eligibility
Choose maximum amount for loan

Rate of Interest and Other Charges for Personal Loan are following

Rate Of Interest:

Sno.

Loan Type

Rate Of Interest

1

Personal Loan

12.55 % to 14.00 % P.a.

Existing Loan take over or New Loan

Here are some points for this:

  • Complete flexibility of end use
  • Fixed rate of interest, interest charged on monthly reducing basis
  • Hassle-free Loan application
  • Easy and simple documentation, quick processing and speedy disbursal
  • Flexible tenures up to 60 months
  • Tailor-made personal loans solutions across multiple categories
  • No security, no collateral loan

Features of Loan

Features of Loan:

  • Faster approval & Minimum Documentation
  • Low Processing Fees & Documentation Charges.
  • Attractive Personal Loan Rate
  • The Loan tenure is 1yr- 5 yrs.
  • Salaried individuals, pensioners & self Employed Professional are eligible to take personal loan from IDBI Bank.

Documents Required for IDBI Personal Loan:

S.no.

Name

Salaried

Self

1

ID Proof

Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Any other valid ID Proof

Passport Copy/ Voters ID card/ Driving Licence/PAN Card/Any other valid ID Proof

2

Address Proof

Ration card Tel/Elect. Bill/ Rental agreement / Passport copy/Trade licence /Est./Sales Tax certificate

Ration card Tel/Elect. Bill/ Rental agreement / Passport copy/Trade licence /Est./Sales Tax certificate

3

DOB Proof

Birth Certificate or 10th Class Passing Certificate

Birth Certificate or 10th Class Passing Certificate

4

 

 

Financial Docs

 

 

Salaried (Individuals) 

1  Photograph

2  Age proof

3  Signature proof

4  Telephone ownership proof (post-paid mobile bill acceptable)

5  Current employment proof and employment continuity proof

6  Salary slip

7  Latest form 16

8  Bank statement :6 Months

9  Credit card statement or repayment track record

10  Own property proof

 

Self Employed (Doctors / Dentist / Professionals)

1  Photograph

2  Age proof

3  Signature proof

4  Telephone ownership proof (post-paid mobile bill acceptable)

5  Bank statement :Last 6 months

6  Qualification proof

7  Business address proof and business continuity proof

 

Self Employed (Individuals)

1  Photograph

2  Age proof

3  Signature proof

4  Telephone ownership proof (post-paid mobile bill acceptable)

5  Current address and address continuity proof

6  Bank statement: Last 6 Months

7  Credit card statement or repayment track record

8  Own property proof

9 Qualification proof

10  Business address proof and business continuity proof

11  Bank account age proof

 

Self Employed (Proprietors and Partners)

1  Photograph

2  Age proof

3  Signature proof

4  Telephone ownership proof (post-paid mobile bill acceptable)

5  Current address and address continuity proof

6  Bank statement:

7  Credit card statement or repayment track record Last 6 Months

8  Own property proof

9  Business address proof and business continuity proof

10  Bank account age proof