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Particulars
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Salaried
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Self-Employed
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Interest rate
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12.99% yearly for Salaried individuals and Pensioners maintaining pension and salary accounts with IDBI Bank.
13.49% per year for salaried customers who do not maintain salary accounts with the IDBI Bank.
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13.49% per annum for self employed professionals who have liability relationship with this bank.
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Loan Amount
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For people having salary account with IDBI Bank –Maximum: Rs.10 lakhs
Minimum: Rs.50000/-
For Pensioners –Maximum: Rs.5 lakhs, with EMI not exceeding 50% of the last credited pension amount. Minimum: Rs.25000/-
For salaried individual who do not have salary account at this bank –
Minimum: Rs.50000/-
Maximum: Rs.5 lakhs
For employees of the 3 armed forces, State and Central government promoted/sponsored institutions –
Maximum: Rs.10 lakhs.
Minimum: Rs.50000/-
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Maximum: Rs.5 lakhs
Minimum: Rs.50000/-
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Loan Tenure
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Minimum: 1 Year Maximum: 5 Years
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Minimum: 1 Year Maximum: 5 Years
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Lowest EMI
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NA
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NA
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Processing Fee
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1% of the loan amount + applicable taxes
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1% of the loan amount + applicable taxes
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Age
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For salaried:
Min age: 22 years. Max age: 60 years.
For Pensioners:
75 years is the Maximum age limit
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Min age: 22 years
Max age: 60 years
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Prepayment/Foreclosure Charges
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2% of the outstanding loan amount is charged before 6 months
No charges are applied after 6 months
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No charges are applied after 6 months
2% of the outstanding loan amount is charged before 6 months.
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