IDBI Bank Personal Loan Interest Rates

The personal loan interest rates of IDBI Bank from the past few years have been varied within 2% and RBI, on the other hand by making certain changes in the repo rate has resulted in lowering the interest rates. The lowest rate of interest offered by IDBI Bank on Personal Loan is 11% whereas; 14% is the highest. However, the interest rates applied could be varied depending on different categories of the customers.

Interest Rates for IDBI Personal Loan:

Particulars	Salaried	Self-Employed
Interest rate	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.	13.49% per annum for self employed professionals who have liability relationship with this bank.
Loan Amount	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/-	Maximum: Rs.5 lakhs Minimum: Rs.50000/-
Loan Tenure	Minimum: 1 Year Maximum: 5 Years	Minimum: 1 Year Maximum: 5 Years
Lowest EMI	NA	NA
Processing Fee	1% of the loan amount + applicable taxes	1% of the loan amount + applicable taxes
Age	For salaried: Min age: 22 years. Max age: 60 years. For Pensioners: 75 years is the Maximum age limit	Min age: 22 years Max age: 60 years
Prepayment/Foreclosure Charges	2% of the outstanding loan amount is charged before 6 months No charges are applied after 6 months	No charges are applied after 6 months 2% of the outstanding loan amount is charged before 6 months.