|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.|
For people having salary account with IDBI Bank –Maximum: Rs.10 lakhs
For salaried individual who do not have salary account at this bank –
Maximum: Rs.5 lakhs
For employees of the 3 armed forces, State and Central government promoted/sponsored institutions –
Maximum: Rs.10 lakhs.
|Maximum: Rs.5 lakhs
|Loan Tenure||Minimum: 1 Year Maximum: 5 Years||Minimum: 1 Year Maximum: 5 Years|
|Processing Fee||1% of the loan amount + applicable taxes||1% of the loan amount + applicable taxes|
Min age: 22 years. Max age: 60 years.
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.
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.
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614